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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

CA Could Pay Business Not to Use Power

LCG, June 18, 2002--A new initiative is expected today, which suggests paying businesses who reduce their electricity usage during peak demand.

The State of California Demand Reserves Partnership is an attempt to prevent blackouts through conservation by allowing as much as $50 million to go to participating businesses.

Businesses would consent to limit electricity use during peak demand beforehand and would subsequently be monetarily compensated for yielding "immediately verifiable" capacity up for redistribution.

APX Inc., which expects to receive $2 million annually for running the program, says that such a move can be implemented "almost overnight," and that Ohio is also considering a similar program.

While the program might free up electricity during peak demand, the state has not been facing the threat of blackouts recently and saw several new plants come on line this year already.

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