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DealFlow.energy
The market, summarized. Every Monday.
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23
Deals
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13,490
MW
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16
Moves
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In this issue:
Deals (23)
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Moves (16)
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Dealflow: The Week in Deals
March 23 - 29
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Deal
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Size
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Tech
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Entergy Louisiana / Meta Northeast Louisiana Data Center — up to 2,500 MW sol...
Entergy Louisiana → Meta Platforms
Power Purchase & Offtake
LA
First agreement filed under Louisiana PSC's Lightning Amendment for large-scale economic development. Meta data cente...
Entergy Press Release ↗
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2.5 GW
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Hybrid
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DTE Electric 1,332 MW Battery Storage Portfolio — 6 projects approved by Mich...
DTE Electric Co.
Regulatory & Permits
MI
Michigan Public Service Commission approves DTE Electric's 1,332 MW battery storage portfolio across six projects: (1...
Michigan Public Service Commission ↗
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1.3 GW
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Battery Storage
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Boxcar Battery Energy Storage System — 300 MWh / 150 MW BESS, Wylie, Texas (E...
esVolta → MUFG Bank (lead lender); Generate Capital
Project Finance
TX · $140M
esVolta closes $139.6 million project financing package for Boxcar BESS in Wylie, TX (northeast of Dallas). Financing...
PR Newswire ↗
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150 MW
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Battery Storage
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Four Battery Storage JVs — XPLR 49% Co-Investment with NextEra Energy Resources
NextEra Energy Resources Development, LLC → XPLR Infrastructure LP (49% equity)
Project & Portfolio M&A
Multi-state · ~$315M
XPLR Infrastructure (formerly NextEra Energy Partners) exercises co-investment options from Feb 10, 2026 Interconnect...
SEC EDGAR 8-K (XPLR Infrastructure LP) ↗
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null MW
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Battery Storage
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Budderfly Energy-as-a-Service Platform — distributed solar PV, HVAC, LED, and...
Budderfly → Global Infrastructure Partners (BlackRock); Vantage Infrastructure; Nuveen (Energy Infrastructure Credit)
Corporate Debt & Capital Markets
CT · $550M
Budderfly raises $550M total ($250M new tranche) debt facility led by Global Infrastructure Partners (BlackRock) with...
BusinessWire ↗
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null MW
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Solar
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American Battery Factory LFP Gigafactory — 5.5 GWh initial capacity (scaling ...
American Battery Factory (ABF) → Multiple undisclosed A-rated energy storage solution companies
Power Purchase & Offtake
AZ
American Battery Factory secures 4.5 GWh offtake agreements (82% of 5.5 GWh initial capacity) for its LFP prismatic c...
BusinessWire ↗
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null MW
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Battery Storage
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Echols Grove Solar (253 MWdc, Lamar County TX) + Cedar Range Solar (188 MWdc,...
Zelestra (formerly X-Elio; EQT-backed) → Société Générale, HSBC
Project Finance
TX · $600M
$600M green project financing credit facility for Zelestra's two largest US solar projects to date. Both projects bro...
BusinessWire ↗
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441 MW
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Solar
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Cold Creek Solar + Storage — 430 MWac solar + 340 MWh battery storage, Schlei...
Doral Renewables LLC → MUFG (Lead Arranger); Santander; HSBC; Ally; IDB
Project Finance
TX · ~$900M
Doral Renewables closes nearly $900M in financing for Cold Creek Solar + Storage (430 MWac solar + 340 MWh BESS) in S...
PR Newswire ↗
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430 MW
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Solar
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Lupinus + Lupinus 2 Solar — ~400 MWac combined (520 MWdc), Franklin County, T...
Sunraycer Renewables (Crayhill Capital Management) → Google Energy LLC
Power Purchase & Offtake
TX · Undisclosed (long-term)
Sunraycer Renewables signs two long-term PPAs with Google Energy for the Lupinus and Lupinus 2 solar projects (~400 M...
PR Newswire ↗
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400 MW
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Solar
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Cormorant Energy Storage Project — 250 MW / 1,000 MWh LFP battery storage, Da...
Arevon Energy → MCE (Marin Clean Energy)
Project Finance
CA · $600M
Arevon Energy breaks ground on the $600M Cormorant Energy Storage Project (250 MW / 1,000 MWh LFP) in Daly City, CA. ...
PR Newswire ↗
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250 MW
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Battery Storage
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Pleasantville Solar — 150 MW solar, Fulton County, Illinois
EDP Renewables North America → Microsoft
Power Purchase & Offtake
IL · Undisclosed (long-term PPA)
EDP Renewables North America celebrates completion of Pleasantville Solar (150 MW, Fulton County, IL) with full outpu...
PR Newswire ↗
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150 MW
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Solar
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Georgia Power 2024 Distributed Generation Solar RFP — 70 MW (16 contracts), s...
Multiple Third-Party Solar Developers (16 contracts) → Georgia Power
Power Purchase & Offtake
GA
Georgia Power awards 16 contracts totaling 70 MW under its 2024 Distributed Generation Solar RFP — the largest DG sol...
PR Newswire ↗
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70 MW
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Solar
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Coastal Virginia Offshore Wind (CVOW) — First Commercial Power — 2,600 MW pro...
Dominion Energy → Dominion Energy Virginia (regulated utility)
Project & Portfolio M&A
VA · 1.5B
Coastal Virginia Offshore Wind (CVOW) delivers first commercial power to the grid on March 24, 2026 — the first of 17...
Dominion Energy (newsroom) ↗
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2.6 GW
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Offshore Wind
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Harvey Solar — 350 MW utility-scale solar PV, Licking County, Ohio
Open Road Renewables → Leeward Renewable Energy (LRE)
Project & Portfolio M&A
OH
LRE (Leeward Renewable Energy) acquires Harvey Solar from Open Road Renewables (ORR), a late-stage 350 MW solar devel...
PV Tech ↗
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350 MW
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Solar
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Uplight — grid flexibility SaaS platform serving 85+ utilities (8 of 10 large...
Uplight → Octopus Energy Group
Corporate M&A
CO
Octopus Energy Group acquires majority stake in Uplight, the leading North American demand flexibility platform servi...
GlobeNewswire ↗
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null MW
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Other
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McMurtre Battery Energy Storage System — 175 MW / 350 MWh BESS, ERCOT North (...
Belltown Power → Energy Vault
Project & Portfolio M&A
TX
Energy Vault acquires 175 MW / 350 MWh standalone BESS project from Belltown Power in ERCOT North market near Dallas....
BusinessWire ↗
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175 MW
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Battery Storage
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Watertown Solar — 172 MWdc utility-scale solar, Sanilac County, Michigan
Linea Energy (sponsored by EnCap Investments L.P.) → Santander Corporate & Investment Banking (lead arranger), Société Générale, NORD/LB, Truist Bank (joint lead arrangers)
Project Finance
MI
Linea Energy closes project debt financing (construction-to-term loan, tax equity bridge, LC facility) for 172 MWdc W...
PR Newswire ↗
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172 MW
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Solar
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Form Energy / Crusoe 12 GWh iron-air battery supply agreement — AI data cente...
Form Energy → Crusoe Energy Systems
Power Purchase & Offtake
WV
Form Energy signs 12 GWh supply agreement with Crusoe Energy Systems for iron-air batteries (100-hour duration) to se...
Form Energy ↗
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120 MW
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Battery Storage
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Megamouth Battery Energy Storage Project — 100 MW / 200 MWh BESS, Houston TX
Grid Connected Infrastructure, LLC (GCI) → Banpu Power US Corporation (subsidiary of Banpu Power Public Company, Thailand)
Project & Portfolio M&A
TX
Grid Connected Infrastructure (GCI) sells its Megamouth BESS project in Houston to Banpu Power US, a subsidiary of Th...
PR Newswire ↗
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100 MW
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Battery Storage
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Attentive Energy (NY Bight, OCS-A 0538) + Carolina Long Bay (OCS-A 0545) — 2 ...
TotalEnergies
Regulatory & Permits
NC, NY · $928M reimbursement to TotalEnergies
Trump administration DOI and TotalEnergies sign settlement terminating TotalEnergies' two US offshore wind leases. DO...
U.S. Department of the Interior ↗
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4.0 GW
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Offshore Wind
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Undisclosed Solar Project — Arkansas
EDP Renovaveis (EDPR) → Undisclosed Global Technology Company
Power Purchase & Offtake
AR
EDPR secures long-term offtake agreement for 250 MWac (348 MWdc) solar project in Arkansas with an undisclosed global...
Reuters ↗
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250 MW
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Solar
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AtmosZero — strategic OEM investment from Mitsubishi Heavy Industries for ele...
AtmosZero → Mitsubishi Heavy Industries (MHI), VXI Capital (lead), Engine Ventures, Constellation Technology Ventures, Energy Impact Partners, 2150
Strategic & Growth Capital
CO
AtmosZero (Fort Collins, Colorado) secures strategic OEM investment from Mitsubishi Heavy Industries (MHI), announced...
GlobeNewswire ↗
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null MW
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Natural Gas
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TotalEnergies US Offshore Wind Lease Exit — OCS-A 0538 (New York Bight) + OCS...
TotalEnergies SE
Regulatory & Permits
NC, NJ, NY · $928,333,333
TotalEnergies relinquishes two federal offshore wind leases to the US Department of the Interior in exchange for $928...
BusinessWire ↗
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null MW
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Offshore Wind
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View Full Database →
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Change of Control: The Week in Talent
16 notable moves
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Robert J. Gaudette has been promoted to Chief Executive Officer at NRG Energy (from President; EVP and President of NRG Business and Wholesale Operations, NRG Energy).
Gaudette succeeds Lawrence Coben (retiring) after 25+ years managing NRG's generation portfolio and commercial operations. NRG is a 7+ GW power company actively expanding into AI/data center power demand contracts; this is a continuity succession at a critical growth moment.
Trade pub ↗
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Michael Arndt is the new Chief Executive Officer at Swift Current Energy (from President & General Manager, North America, Recurrent Energy).
Arndt succeeds co-founder Eric Lammers at IFM Investors-backed Swift Current Energy (5+ GW pipeline including the 2,450 MWdc Steel River project recently sold to Cypress Creek); he brings over $3B in project investment experience from Recurrent Energy, NRG Energy, and Invenergy.
Press release ↗
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Vijay Singh is the new Chief Executive Officer at Greenskies Clean Focus (from Chief Commercial Officer, GlidePath Power Solutions).
Singh brings 25+ years of renewable energy leadership to Greenskies, having previously built NextEra Energy’s energy storage platform into a multi-billion-dollar operation, led PPL Corp.’s unregulated renewables and Safari Energy C&I platform, and served as CCO at GlidePath Power Solutions (Quinbrook portfolio).
Press release ↗
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Eric Lammers departed Swift Current Energy as Co-Founder and Chief Executive Officer.
Lammers co-founded Swift Current in 2016 and grew the firm to 5+ GW commercialized and more than .5B in project financing; he departs as Michael Arndt (ex-Recurrent Energy) takes the CEO role.
Press release ↗
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Josephus Allmond is the new Chief Energy Officer (Cabinet-Level) at Commonwealth of Virginia (from Staff Attorney, Southern Environmental Law Center).
Gov. Spanberger created Virginia's first Chief Energy Officer role to tackle a 36% electricity rate increase over five years and accelerate clean energy goals. Allmond comes from SELC where he litigated utility rate cases, IRP proceedings, and RPS compliance before the Virginia SCC.
Press release ↗
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Simon Edwards is the new Chief Financial Officer at Bloom Energy (from Chief Executive Officer, Groq, Inc.).
Edwards joins Bloom Energy as CFO, effective April 13, filling a vacancy that weighed on BE shares for nearly a year. He comes from Groq (AI inference chip unicorn) where he most recently served as interim CEO. Earlier CFO roles at Conga, ServiceMax, and GE Digital. His appointment coincides with Bloom's push into AI data center power markets.
SEC filing ↗
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Beth Cooper departed Chesapeake Utilities as Executive Vice President and Chief Financial Officer.
Cooper retires as EVP/CFO of Chesapeake Utilities, effective June 30, 2026. She is succeeded by Jeff Sylvester (promoted internally). Chesapeake Utilities is a natural gas distribution and propane utility.
SEC filing ↗
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Jeff Sylvester has been promoted to Executive Vice President and Chief Financial Officer at Chesapeake Utilities (from Senior Vice President and Chief Accounting Officer, Chesapeake Utilities).
Sylvester promoted to EVP/CFO of Chesapeake Utilities, succeeding retiring Beth Cooper, effective July 1, 2026. Previously served as SVP and Chief Accounting Officer.
SEC filing ↗
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Gideon Argov was appointed Independent Board Director at Array Technologies (from Chief Executive Officer, Entegris / Dionex).
Argov, former CEO of semiconductor materials company Entegris and Dionex, joins Array Technologies' board to strengthen global operations expertise as the leading solar tracker company expands its international footprint.
Press release ↗
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Srinath Narayanan was appointed Independent Board Director at Array Technologies (from Managing Director, Blackstone).
Narayanan, Managing Director at Blackstone, joins Array Technologies' board to enhance capital markets expertise during a period of significant domestic and international growth for the NASDAQ-listed solar tracker manufacturer.
Press release ↗
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Steven Nielsen was appointed Independent Board Director at Centuri Holdings (from President and Chief Executive Officer, Dycom Industries).
Nielsen spent 25 years as President and CEO of Dycom Industries (specialty infrastructure contractor) before joining Centuri Holdings' board; brings deep utility infrastructure and specialty contracting expertise to support the energy transition EPC company.
Press release ↗
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Alan Armstrong departed Constellation Energy as Board Director.
Armstrong, former CEO of Williams Companies (14+ years) and Constellation Energy board member since January 2026, resigned to accept appointment as U.S. Senator for Oklahoma by Gov. Kevin Stitt, filling vacancy left by Markwayne Mullin. Has signaled permitting reform as primary legislative priority.
SEC filing ↗
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Nathaniel Fick was appointed Board of Directors at Eos Energy Enterprises.
Fick, the former U.S. Ambassador at Large for Cyberspace and Digital Policy, joins the Eos Energy board. Eos Energy makes zinc-based long-duration battery storage systems. The appointment adds government/policy expertise to the board.
SEC filing ↗
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Dorian West is the new Vice President of Engineering at Spiritus (from Engineering Leader, Tesla).
West, who helped develop Tesla's original Roadster and Model S at the vehicle program level, joins direct air capture startup Spiritus to accelerate deployment of its Carbon Orchard technology at commercial scale.
Trade pub ↗
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Kip Hensley is the new Vice President of Project Development at Spiritus (from Project Lead, Brightmark).
Hensley joins Spiritus from Brightmark (waste-to-energy developer) to lead project development as the direct air capture company scales its Carbon Orchard commercial operations.
Trade pub ↗
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Dwayne McClinton is the new Senior Vice President, Energy & Infrastructure Development at Red Post Energy Futures (from Director (Cabinet-Level), Nevada Governor's Office of Energy).
McClinton is a U.S. Marine Corps veteran and former Nevada state energy director with 20+ years across utilities, renewables, and government affairs. Red Post Energy Futures is Red Post Energy Group's DC-based strategic growth and government affairs division, focused on power generation, grid reliability, data center energy demand, and public-private infrastructure development.
Press release ↗
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