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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

Boundary Dam CCS Project Begins Operations

LCG, October 7, 2014-SaskPower announced Thursday the official opening of its Boundary Dam Power Station, a coal-fired, 110-MW unit now equipped to capture 90 percent of the carbon dioxide produced during combustion. The project, located in Estevan, Sakatchewan, is the largest commercial-scale, carbon capture and storage (CCS) facility in the world and will capture up to a million tonnes of carbon dioxide annually.

At the Boundary Dam Power Station, the captured carbon dioxide will be compressed and transported via a 40-mile pipeline to the Weyburn oilfield, where it will be used for enhanced oil recovery (EOR). The carbon dioxide will be purchased by Cenovus under a ten-year agreement for use in its oil fields. Cansolv Technologies Limited, a subsidiary of Shell, developed the amine-based carbon capture process (CANSOLV) used to retrofit Unit 3 at the Boundary Dam Power Station.

Canada's Minister of Natural Resources stated, "Today's announcement - a world first - demonstrates Canada's leadership in developing clean energy technology. Saskatchewan's Boundary Dam project is a prime example of Canadian expertise helping reduce emissions, while growing the economy."

The CEO of the Carbon Capture and Storage Association said, "The launch goes beyond a single project. SaskPower has made significant progress in making a valuable contribution to demonstrating a viable technical, environmental and economic case for the application of CCS to power plants. It is hoped that Boundary Dam will form part of a much needed commercial proof point that the economics make sense."

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