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Greenflash Infrastructure Closes Transaction for ERCOT's Largest Battery Storage Project Under Construction

LCG, October 7, 2025--Greenflash Infrastructure, L.P. ("Greenflash") today announced that it has successfully closed a hybrid tax capital and debt financing for Project Soho - a 400MW / 800MWh standalone battery storage project in Texas.

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FERC Approves Vistra's Plan to Acquire Nearly 2,600 MW of Gas-fired Power Plants

LCG, October 6, 2025--Vistra today announced that the Federal Energy Regulatory Commission (FERC) approved Vistra's acquisition of certain subsidiaries owning seven natural gas generation facilities from Lotus Infrastructure Partners. The acquisition was announced last May, and Vistra expects the transaction to close this quarter or during the first quarter of 2026. Vistra's acquisition remains subject to approval by the New York Public Service Commission and other customary closing conditions.

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Industry News

Alberta Grid Upgrades Urged

LCG, Feb. 12, 2002--ESBI Alberta Inc. and Alberta-based power suppliers want an expansion of the province's transmission infrastructure to handle growing demand for electric power.

Most generation capacity in Alberta is found north of Red Deer. To construct new lines from the northern part of the province to the south, where demand is growing most, ESBI, which manages the transmission system for the province, would first need to obtain rights of way. According to Richard Stout, commercial manager for ESBI, "the line building itself may only take two or three years, but the acquisition of the rights of way to the land could take six or seven years."

Stout estimates that millions of dollars could be spent to obtain necessary easements, but is not sure who would be required to pay for the rights as well as the construction costs.

At least twelve power companies want more transmission lines, among them Calgary-based Enmax Corp. Enmax not only supplies local customers, but has benefitted from exports to Washington State and California. While Alberta customers currently pay for transmission upgrades through a charge on their bills, ESBI has told the Alberta Energy Utilities Board that lines for cross-border sales should be paid for by power suppliers with licenses to conduct such sales.

The Alberta Energy Utilities Board will conduct a hearing on transmission investments in late April.
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