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Calpine Closes Texas Energy Fund Loan for 460-MW Pin Oak Creek Peaking Facility

LCG, October 14, 2025--Calpine Corporation today announced the close of a Texas Energy Fund (TxEF) loan agreement to support development of the Pin Oak Creek project, a 460-MW, natural gas-fired peaking facility adjacent to Calpine's Freestone Energy Center, a gas-fired combined-cycle facility located on approximately 506 acres near Fairfield, Texas.

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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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Industry News

830 MW Texas Combined-Cycle in Operation

LCG, June 5, 2002--Calpine Corporation, based in San Jose, California, announced that its 830 MW Baytown Energy Center has entered into combined-cycle operations.

The Texas facility, located in Baytown, generates 700 MW under base load and can provide 130 MW additional capacity when demand increases.

The company says its plant results in 96 percent less nitrogen oxide emission, 99 percent less sulfur dioxide emission, and half as much carbon dioxide emission than the Texas average for power plants.

Calpine has a twenty-year contract with chemical company Bayer to provide electricity and steam from the Baytown plant.

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