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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

EU to Increase Funding for Fuel Cell Research

LCG, October 10, 2002European Union members announced today their intentions to increase funding to hydrogen fuel cell research, and formed a new partnership of 17 European auto and energy companies for the purpose of investigating this technology.

Hydrogen fuel cells operate by combining hydrogen gas and oxygen to form water. This reaction creates a significant amount of heat energy which can be converted to electricity. Hydrogen atoms must be separated from hydrocarbons in order to be used in the reaction. This process requires energy. Therefore, the advantage of fuel cells is that they can provide electricity for a machine, such as an automobile, without providing harmful emissions, but electricity must be produced to create the fuel first.

The EU Commission neglected to put numbers to the new funding, but the 17 companies, including Royal Dutch/Shell, DaimlerChrysler, and Renault, expect to bring research spending up to the United States level. The U.S. spends three times as much on fuel cell research than all EU countries combined, while Japan spends four times as much as the EU.

An EU panel will be appointed in the near future to report on fuel cell prospects by next year.

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