Q1 2026 Deal Awards
Recognizing outstanding achievement in clean energy transactions during January – March 2026.
111
Deals Tracked
$674.92B
Total Value
191.3
GW Capacity
Deal of the Quarter
PORTS Technology Campus — 10 GW AI data center + up to 10 GW power generation at former Portsmouth Gaseous Diffusion Plant, Piketon, Pike County, Ohio
Deal Value
$500.00B
Developer
SoftBank Group; SB Energy; AEP Ohio
SoftBank CEO Masayoshi Son broke ground on March 20 at the former DOE Portsmouth uranium enrichment site in Piketon, OH, rebranded as the PORTS Technology Campus. Phase 1: 800 MW data center (online in ~2 years). Full build: 10 GW data center capacity with up to 10 GW co-located power generation including 9.2 GW natural gas. Son stated total investment could reach $1 trillion over 50 years. Part of a broader $550B Japanese investment in the US linked to trade tariff negotiations. DOE Secretary Chris Wright and Commerce Secretary Howard Lutnick attended. SoftBank assembled a consortium of American and Japanese firms. Separate from SoftBank's Stargate AI initiative with OpenAI and Oracle. Officials stated the co-located power plant would not increase local electricity bills and excess capacity would feed back into the PJM grid.
View deal detailsDealmaker of the Quarter
Ricardo Falú
President at AES Corporation
Developer / IPP ExecutiveDeals
2
Deal Value
$44.10B
Capacity
47.7 GW
Law Firm of the Quarter
Latham & Watkins
Q1 Deals
4
Total Value
$27.64B
Notable Deals
- •Calpine Corporation — 27 GW natural gas + geothermal fleet, creating 55 GW combined company
- •214 MW distributed solar portfolio — 106 projects
- •Senior Secured Green Revolving Loan and LC Facility supporting 12+ GW BESS development pipeline, ~8,000 MWh under construction/contract
Runner-up: Kirkland & Ellis (3 deals)
Lender of the Quarter
MUFG
Q1 Deals
5
Total Value
$2.96B
Notable Deals
- •Three-project portfolio: AC Ranch 1 (75 MW solar, NM), Yellow Viking (170 MW solar, TX), Faraday BESS Phase 1 (150 MW / 733 MWh, UT)
- •Cape Station Enhanced Geothermal System (EGS) — Phase 1 ~100 MW, scaling to 500 MW by early 2027, Beaver County, Utah
- •Crimson Orchard — 120 MW solar + 400 MWh BESS in Elmore County, Idaho
Runner-up: ING (4 deals)
Advisory Firm of the Quarter
J.P. Morgan
Q1 Deals
2
Total Value
$26.60B
Notable Deals
- •Cordelio Power — 1,550 MW operating and in-construction wind, solar, and storage portfolio + development pipeline
- •Calpine Corporation — 27 GW natural gas + geothermal fleet, creating 55 GW combined company
Runner-up: Evercore (2 deals)
Methodology
Q1 2026 Deal Awards are determined algorithmically based on DealFlow.energy's proprietary database of clean energy transactions dated January through March 2026. Deal of the Quarter is selected by highest disclosed transaction value. Dealmaker of the Quarter is the top-ranked professional in the DealFlow 50, scored by deal count, transaction value, MW capacity, and seniority. Law Firm, Lender, and Advisory Firm of the Quarter are determined by the number of Q1 2026 deals in which each firm appeared as counsel, lender/arranger, or financial advisor, respectively. Ties are broken by total deal value. Data reflects transactions where service provider information has been disclosed. Learn more about our methodology.
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