• Dirty Coal Plant

    Trump is forcing this dirty, costly coal plant to stay open

    The administration blocked an electricity plant in Michigan from closing, overturning a plan by a utility and local officials.

    June 1, 2025

    By Evan Halper and Jake Spring

    An emergency order last month from Washington rattled Michigan regulators: The Trump administration reversed the state’s plan to retire an aging power plant, forcing it to remain open and continue burning coal.

    Michigan and the plant’s operator have mounds of evidence that closing the 63-year-old J.H. Campbell plant on the eastern shore of Lake Michigan won’t create a shortage of electricity. But the Trump administration adopted a different view, claiming the Midwest is overly dependent on intermittent wind and solar power. Energy Secretary Chris Wright exercised rarely used federal authority to block the closure, which had been scheduled for May 31. His order requires the plant to continue operating for three more months — and possibly longer.

    The move will collectively increase electric bills for ratepayers in the Midwest by tens of millions of dollars, according to Michigan officials. More broadly, it was seen as an opening salvo in President Donald Trump’s effort to reverse America’s transition to clean energy and restore the nation’s dependence on burning fossil fuels. The administration’s strategy includes using federal power to overturn the plans of local utilities and regulators.

    READ THE REST OF THE ARTICLE AT THE WASHINGTON POST

  • Stock Transmission Lines

    This year's first major heat wave is here. How will the ERCOT power grid hold up?

    By Claire Hao

    May 13, 2025

    The Texas power grid is expected to sail through the first major heat wave of the year without issue, largely thanks to its diverse and growing mix of power plants and renewable energy.

    That’s an observation energy professionals closely following the Texas Legislature made with some irony, as state lawmakers have proposed numerous billsto constrain the very same renewable energy that's expected to help keep the power grid afloat this week.

    "If there is not a crisis (this week), it's in part because of these resources that right now get considered to be not important or not having very much value,” said Aaron Zubaty, CEO of Eolian, a California-based company with battery storage projects in Texas.

    An early Texas heat wave

    Electricity demand increases during hot weather as Texans tend to crank up the air-conditioning when the heat arrives. And this week, extreme heat is expected to arrive unseasonably early: Temperatures are forecast in the mid-to-high 90s for the Houston area, while San Antonio and Austin could eclipse 100 degrees. 

    READ MORE AT THE HOUSTON CHRONICLE

  • BESS

    Amid tariff uncertainty, US grid battery industry faces an uphill climb

    Domestic battery manufacturing and deployments have been growing fast — but Trump’s tariff wars and looming budget cuts threaten to derail progress.

    By Jeff St. John

    13 May 2025

    Companies making and deploying lithium-ion batteries in the U.S. recently gathered in Washington, D.C., to ask the federal government for the policy support they say they need. Their request came alongside a big promise: to cumulatively spend $100 billion by 2030 to build a self-sufficient, all-American grid battery industry.

    “Within five years, and with $100 billion in investment, we can satisfy 100% of U.S. demand for battery storage,” said Jason Grumet, CEO of the American Clean Power Association, a trade group.

    “This is unquestionably an ambitious commitment, but it is absolutely achievable if the private and public sectors work together,” he said. The $100 billion promise represents a major increase in the $10 billion to $15 billion that the American Clean Power Association estimates was invested in U.S. grid battery manufacturing and deployment last year.

    As recently as a few months ago, industry analysts largely agreed that a domestic ramp-up on the scale of what Grumet proposes was at least possible, if not inevitable. Lucrative federal tax credits for companies that build and deploy clean energy technology within the nation’s borders have helped close the price gap between U.S.-made batteries and those made in China, the world’s main supplier of lithium-ion battery modules, cells, and materials.

    READ MORE AT CANARY MEDIA

  • Stock Photo

    Anti-renewables bill adds more risk for Texas grid, ERCOT boss says

    GOP-led measure that passed the Senate this week could put needed solar and wind power at risk.

    By Sara DiNatale
    May 9, 2025

    Republican-led legislation that barreled through the state Senate has the solar and wind industries tied in knots — and the Texas grid boss can see why. 

    During a discussion with reporters this week, Electric Reliability Council of Texas CEO Pablo Vegas said bills that call for costly back-up power requirements on renewables could push them out of the market and slow new development.

    “It could cause certain resources not to be able to operate,” Vegas said. “That’s a risk.” 
    Senate Bill 715, which was approved Thursday by the Senate, could put a massive strain on wind and solar farms at a time the grid is facing an unprecedented demand spike, largely from data centers and AI computing firms flocking to Texas. 

    The legislation is the latest layer resulting from fundamental discrepancies between GOP lawmakers and energy experts over the role of renewables in Texas. Under the proposed law, solar and wind farms would have to pay gas-fired power plants or battery systems to “firm” up their power supply when the sun isn’t shining or the wind isn’t blowing. 

    READ THE REST OF THE STORY AT SAN ANTONIO EXPRESS-NEWS

  • Storage Surge: Key to Expand Both Transmission and Generation

    Storage Surge: Key to Expand Both Transmission and Generation

    Aaron Zubaty recently spoke at the U.S. Chamber of Commerce in Washington DC during Real Clear's Energy Future Forum, and explained that building battery storage at grid-critical locations in the U.S. can unlock 30-50 GW of untapped spare transmission capacity, making more effective use of the infrastructure we already have built and paid for, and boosting efficiency of power plant operations without waiting for new generation. The first step of exercising energy dominance should be better use of what we have already built, and not letting outdated regulatory models stand in the way any longer.

    Watch more here: https://www.youtube.com/live/79muWat5G8w?t=24324s

Eolian in the News

Send all media inquiries to: media@eolianenergy.com

PRESS RELEASE Stephanie Seiferth PRESS RELEASE Stephanie Seiferth

Eolian and Group of Global Banks Announce Closing of $390 Million Renewable Energy Financing

BURLINGAME, Calif., July 30, 2024 /PRNewswire/ -- Eolian, L.P. ("Eolian"), a portfolio company of Global Infrastructure Partners ("GIP"), together with Santander Corporate & Investment Bank, MUFG, National Australia Bank, Natixis, Lloyds Bank, and SMBC, today announced the closing of a $315 million renewable energy green loan and $75 million revolving credit facility, building on a $515 million green loan closed in June 2023 with the same group of global banking institutions.  This financing is secured by a diverse group of eligible green project assets created by Eolian and is aligned with the four pillars of the Green Loan Principles, jointly published by the Asia Pacific Loan Market Association (APLMA), the Loan Market Association (LMA) and the Loan Syndications and Trading Association (LSTA) in February 2023.

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PRESS RELEASE Stephanie Seiferth PRESS RELEASE Stephanie Seiferth

Eolian Announces Closing Of $515 Million Green Loan

BURLINGAME, Calif., June 6, 2023 /PRNewswire/ -- Eolian, L.P. ("Eolian"), a portfolio company of Global Infrastructure Partners ("GIP"), together with Banco Santander, MUFG, National Australia Bank, Natixis Corporate & Investment Banking, and SMBC, today announced the closing of a $515 million renewable energy green loan. This financing is secured by a diverse group of eligible green projects developed by Eolian over the past 20 years and is aligned with the four pillars of the Green Loan Principles, jointly published by the Asia Pacific Loan Market Association (APLMA), the Loan Market Association (LMA) and the Loan Syndications and Trading Association (LSTA) in February 2023.

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PRESS RELEASE Stephanie Seiferth PRESS RELEASE Stephanie Seiferth

Eolian Closes First-Of-Its-Kind Standalone Battery Energy Storage Tax Equity Financing

BURLINGAME, Calif., Feb. 13, 2023 /PRNewswire/ -- Eolian, L.P., a portfolio company of Global Infrastructure Partners, has successfully closed the first-of-its-kind tax equity investment in two standalone utility-scale battery storage projects located in Mission, Texas. This pioneering financing is the first use of the Investment Tax Credit (ITC) structure by a standalone utility-scale battery energy storage system and is possible due to passage of the Inflation Reduction Act of 2022. Tax equity investment in the projects was provided by a fund managed by Churchill Stateside Group, LLC.

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PRESS RELEASE Stephanie Seiferth PRESS RELEASE Stephanie Seiferth

Eolian Announces Closing Of $925 Million Renewable Energy Financing

NEW YORK, April 21, 2022 /PRNewswire/ -- Eolian, L.P. ("Eolian"), a portfolio company of Global Infrastructure Partners ("GIP"), together with Banco Santander, Natixis, MUFG and Mizuho, today announced the closing of a $925 million renewable energy financing. This novel structured transaction will further advance multiple strategies already underway as the Eolian team rapidly accelerates the deployment of cost-effective decarbonizing technologies across the US.

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PRESS RELEASE Stephanie Seiferth PRESS RELEASE Stephanie Seiferth

Global Infrastructure Partners Announces Acquisition Of MAP® Energy's Renewable Energy Business

NEW YORK, Dec. 29, 2020 /PRNewswire/ -- Global Infrastructure Partners (GIP), a leading global, independent infrastructure investor, today announced the acquisition of MAP® RE/ES, the renewable energy business of MAP® Energy (MAP®). GIP's fourth flagship fund, GIP IV, will acquire 100% of the MAP® RE/ES investment platform, team, and renewable energy assets under management from MAP®, a private fund manager and energy investor. The assets include a portfolio of producing royalty interests across more than 16,000 MW of operating wind and solar projects in the United States, as well as a nationwide development pipeline managed through joint ventures with leading national and regional development partners. The MAP® RE/ES business will continue to be led by its existing investment team.

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