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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

Xcel Announces Plans to Convert Electric Plant from Coal to Biomass

LCG, October 1, 2008--Xcel Energy Inc. yesterday announced plans to convert a coal-fired, electric generating unit to burn waste wood available primarily from forest harvesting operations. The unit will be the third converted to biomass at the Bay Front Power Plant in Ashland, Wisconsin.

Xcel will submit an application to the Public Service Commission of Wisconsin to upgrade its Bay Front Power Plant. The estimated cost to modify the 30-year old plant is $55 to $70 million. The project schedule calls for construction to commence in 2010 and for operations to begin as early as late 2012.

In that biomass is generally considered a renewable, carbon-neutral fuel, the conversion of the power plant from coal to biomass should reduce the carbon emissions from Xcel's facilities.

According to the Xcel, the biomass project will be the first to use a gasification technology in the conversion of a coal-fired boiler at an existing base-load power plant. In the gasification process, biomass will react with a controlled amount of oxygen at high temperatures to create a synthetic gas (?syngas?) that is then used as a fuel in the boiler.

Xcel's announcement follows a number of other announcements to construct electric generating facilities fueled by biomass. Most recently, Oglethorpe Power Corporation (OPC) announced plans to construct as many as three, 100-MW power plants fueled by woody biomass. The design for the projects includes conventional fluidized bed boilers and steam turbine technology. The planned fuel supply will primarily be a mixture of forest harvest residues, chipped pulpwood, and waste materials from sawmills.

In August Georgia Power submitted a request to the Georgia Public Service Commission for approval to convert an aging, coal-fired unit at its Mitchell Generating Plant in Georgia to use wood wastes. The modified unit would use a direct-fire, stoker technology for a design capacity of 96 MW.

The Austin City Council in August approved a 20-year, power purchase agreement (PPA) with Nacogdoches Power LLC for the electricity generated from a 100-MW facility using a fluidized bed design and fueled with woody biomass. The project site is in Nacogdoches County, Texas. Gainesville Regional Utilities (GRU) is discussing a similar, 100-MW project with Nacogdoches Power LLC that could be constructed at the existing Deerhaven Generating Station near Gainesville, Florida.
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