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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

Iran Announces Plans to Mine Nuclear Fuel and Continue with Power Projects

LCG, February 11, 2003-On Monday Iran announced the commencement of uranium mining near Ardakan.

Officials from Iran have said that ore processing facilities will be opened soon to process newly mined uranium.

Iran has been planning to use nuclear power for many years, and Southern Iran's Bushehr plant, postponed for several years, approaches completion with the assistance of Russia.

Russia has promised to reclaim spent fuel rods from the plant, but now Iran has announced its desire to "complete the fuel cycle," according to Iran's head of Atomic Energy Organization Gholamreza Aghazadeh.

The International Atomic Energy Agency (IAEA) has stated its knowledge of Iran's mines and noted that the mine near Ardakan was inspected in 1992. The head of the IAEA, Mohammed ElBaradei, along with others, will inspect new Iranian nuclear projects, located at Arak and Natanz, on February 22 and 23.

The Bush Administration contends that those sites are being used for weapons construcion.

Natural uranium occurs in several isotopes; each isotope contains a different number of neutrons. Isolating one isotope is a very difficult process, but once the desired isotope is separated, the process of constructing a uranium bomb is, compared to developing plutonium, uncomplicated.

Iran has asserted that all of its nuclear-related projects are open for inspections and follow international law.

In the past, U.S. agencies have stated Iran does not have sufficient uranium or plutonium to produce nuclear weapons.

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