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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

Equinix to Install Bloom Energy Fuel Cells at 12 North American Data Centers

LCG, August 18, 2017--Equinix, Inc., Wednesday announced the signing of a 15-year Power Purchase Agreement (PPA) between a subsidiary of Southern Company, PowerSecure, and Equinix in which Bloom Energy fuel cells will be installed at 12 International Business ExchangeTM (IBX®) data centers in the U.S. The project is financed through Southern Company and demonstrates a strategic partnership between Bloom Energy and Southern Company to support on-site fuel cell solutions.

The new project will provide a total capacity of over 37 MW with a phased installation that begins in late 2017 through 2019. The project will install fuel cells at seven Equinix IBX data centers in the Silicon Valley, three in the New York area and two in the Los Angeles area. The installations build upon the pilot program at Equinix's Silicon Valley SV5 IBX data center that began in 2015. When combined with Equinix's three existing facilities, the new project will bring Equinix to a total of more than 40 MW of fuel cell provisioned power at 15 locations.

Southern Company's Chairman, President and CEO stated, "Our strategic partnership with Bloom Energy was established to deliver greater value for customers by providing innovative energy solutions directly on the customer premise. This project with Equinix further demonstrates that this approach is meeting the smart energy demands of today's leading companies."

The Bloom Energy fuel cells use a proprietary solid oxide technology to generate electricity through a clean electrochemical process using air and fuel (natural gas) and resulting in only water and a small amount of carbon dioxide as by-products. SOx (sulfur oxides), NOx (nitrogen oxides) and other smog-forming particulate emissions are virtually eliminated with the use of Bloom Energy fuel cells. According to the announcement, the Equinix fuel cell project will provide reliable, 24 x 7 power that is 20-45 percent cleaner than the equivalent utility provided natural gas powered generation.

Equinix has a long-term goal of using 100 percent clean and renewable energy. As of 2016, Equinix had achieved 56 percent renewable energy coverage worldwide. Equinix's President stated, "As Equinix data centers, and the interconnection they facilitate, become increasingly critical to the infrastructure of our digital world, this fuel cell expansion is one step in lessening the overall impact of the digital economy on the planet. It enables us to serve our customers with the highest levels of performance while assisting their efforts to make their supply chain clean and efficient."
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