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News
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By Anjuli Deb -- With deep sadness and profound appreciation, we share the passing of LCG's founder, Dr. Rajat K. Deb. He was our president and one of the first entrepreneurs in the computer revolution. He was also our friend, our teacher and mentor, and for a few of us, our father and grandfather.
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LCG, July 8, 2026--Salt River Project (SRP) and Pattern Energy today announced they have signed a Power Purchase Agreement (PPA) for 600 MW of SunZia wind energy. SRP will begin to receive 400 MW of energy this fall and will increase its allocation to 600 MW by summer of 2027. The agreement will support SRP's efforts to meet growing energy demand across the Phoenix metropolitan area while maintaining affordability, reliability and sustainability for customers.
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Industry News
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.
Greenflash states that Project Soho is the largest standalone battery energy storage system (BESS) currently under construction in Texas. The project, located south of Houston in Brazoria County, is ahead of schedule to energize in the first quarter of 2026. Greenflash expects to achieve commercial operations in the second quarter of 2026.
The co-Founder and Vice President of Texas-based Greenflash stated, "We designed this financing structure to be a scalable, repeatable template for our 5 GW near-term ERCOT pipeline."
The transaction included a preferred equity investment from funds managed by Wafra, Inc. and Acadia Infrastructure Capital, L.P. The preferred equity investment is structured to facilitate a tax credit sale to a leading U.S.-based insurance company.
In addition, the transaction included debt financing led by Deutsche Bank, which served as Coordinating Lead Arranger and Sole Bookrunner. Deutsche Bank Trust Company Americas served as Administrative Agent, Collateral Agent and Depositary Bank.
Greenflash's co-Founder and Managing Partner stated, "Our team at Greenflash combined innovative hedging and financing with world-class execution to deliver a superior outcome, and we are thrilled to have achieved this important milestone so quickly at Greenflash."
"We are pleased to support Greenflash on their inaugural project financing," said Deutsche Bank's Head of Infrastructure & Energy Financing, Americas. "This transaction further strengthens the HIG/DB relationship and represents our continued commitment to finance well-positioned battery storage assets that improve grid reliability."
CRC-IB acted as financial advisor to Greenflash, with Troutman Pepper Locke serving as legal counsel. Latham & Watkins served as legal counsel to Deutsche Bank.
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UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
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UPLAN-ACE
Day Ahead and Real Time Market Simulation
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UPLAN-G
The Gas Procurement and Competitive Analysis System
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PLATO
Database of Plants, Loads, Assets, Transmission...
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