CRC-IB Advises Greenflash on Preferred Equity, Debt Financing and Sale of Tax Credits for 400MW / 800MWh Battery Storage Project
Greenflash Infrastructure, L.P. (“Greenflash”), an H.I.G. Capital-backed energy platform, has closed the hybrid tax capital and debt financing for Project Soho – a 400MW / 800MWh standalone battery storage project in Brazoria County, Texas. The project is on track to achieve commercial operations in Q2 2026 and is expected to dispatch power into the ERCOT Houston zone.
CRC-IB served as financial advisor to Greenflash on the transaction, which includes a minority equity investment from a U.S. energy transition infrastructure investor, a tax credit sale to a leading U.S.-based insurance company, and debt financing from a major international financial institution.
“CRC-IB’s leadership and advice were invaluable in this transaction, which we structured to become a repeatable template for our 5GW ERCOT pipeline,” said Greenflash Co-Founder and VP, Finance, Joel Chisolm.
“This inaugural U.S. financing for Greenflash underscores the strength of their best-in-class management team and the company’s ability to deliver on ambitious energy transition projects,” said Michael Tatarsky, CRC-IB Managing Director and deal lead. “We are proud to support Greenflash in establishing this important milestone with the financing of Project Soho.”
For more information on this transaction, please contact Michael Tatarsky.
About Greenflash
Based in Houston, TX, Greenflash acquires, develops, finances, owns, and operates grid scale energy storage, power generation, and controllable load projects.
