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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

FirstEnergy Announces Plans to Convert Plant from Burning Coal to Biomass

LCG, April 3, 2009--FirstEnergy Corp. announced Wednesday its plan to convert two coal-fired units to burn biomass for power generation at the R.E. Burger Plant in Ohio. The conversion plan stems from a Consent Decree related to FirstEnergy's 2005 New Source Review settlement that allows the power plant to burn coal only through the end of the year 2012.

The plan targets converting units 4 and 5 to burn biomass. The combined output of the two units is estimated to be 312 MW when the repowering is complete, which is consistent with the current capacity. The estimated capital cost for retrofitting the units is $200 million.

The R.E. Burger Plant will be one of the largest biomass facilities in the United States. FirstEnergy has a biomass supply agreement with Renewafuel LLC that relies upon dry, biomass briquettes. Typically, biomass facilities use green, woody biomass, which contains roughly 50% moisture, as a fuel. Renewafuel's supply plans include the use of fast-growing trees, like poplars and cottonwoods, as an energy crop.

Last year, the State of Ohio approved legislation that requires 25 percent of Ohio's energy be supplied from advanced and renewable energy sources by 2025.
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