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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

Virginia Biomass Project Initiates Power Generation

LCG, August 27, 2013-- Northern Virginia Electric Cooperative's new biomass facility, South Boston Energy, is scheduled to begin generating power in a test mode this week. The 49.9-MW biomass project, South Boston Energy, will have its first trial run early this week. Construction officially began in December 2010, and the plant is expected to begin commercial operations by the end of September.

The Northern Virginia Electric Cooperative (NOVEC), through South Boston Energy (SBE) LLC, initiated the project on a 100-acre site where a Georgia-Pacific manufacturing facility once operated. The site is in Halifax County near South Boston, Virginia.

The new energy generating facility will burn wood waste, including forest harvest residues and wastes from manufacturing mills. The fly ash produced at the facility will either be trucked off site or used as fertilizer and possibly sold to farmers in the future. The facility will use gray water from the nearby wastewater treatment facility for cooling.

The Virginia State Corporation Commission approved a Certificate of Public Convenience in April 2011.
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