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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

NTE Energy and MHPS Open Kings Mountain Energy Center

LCG, August 29, 2018--Mitsubishi Hitachi Power Systems Americas (MHPS), NTE Energy and local government officials yesterday met at the Kings Mountain Energy Center (KMEC), located in Cleveland County, North Carolina, to mark the formal start of operations of NTE Energy's 475 MW natural gas-fired power plant featuring MHPS technology.

KMEC, completed at an estimated cost of $500 million, is owned and operated by NTE Carolinas LLC. Construction began in March 2016.

Operations of the KMEC follow three months after NTE Energy opened its Middletown (Ohio) Energy Center. Both facilities have a similar, 1x1x1 combined-cycle design, including the MHPS M501GAC gas turbine.

The president and CEO of MHPS Americas stated, "Together, NTE and MHPS are bringing a change in power to the United States. MHPS's proven, advanced-class gas turbine technology is the perfect partner to North Carolina's growing power resources."

NTE Energy CEO stated, "We're excited to partner with MHPS Americas as the gas turbine supplier for the Kings Mountain Energy Center. This advanced-class gas turbine provides much needed efficient and reliable power generation to the region."

MHPS manufactured the gas turbine for KMEC at Savannah Machinery Works (SMW), an ultra-modern manufacturing facility located in Savannah, Georgia.
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