Texas energy storage dash brings 1 GW batteries within sight

Mark Shenk | Source: Reuters | Posted 05/10/2024

Texas has quickly become the largest U.S. market for utility-scale energy storage following a surge in solar power deployment and rising power demand across the state. Texas is expected to install 6.5 GW of utility-scale batteries in 2024, bringing the total installed capacity to around 10 GW, data from the U.S. Energy Information Administration (EIA) shows.

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Texas has become the largest market for utility-scale energy storage in the U.S. with a surge in solar power deployment and rising energy demand. The state is expected to install 6.5 GW of utility-scale batteries by 2024, reaching a total capacity of around 10 GW, according to data from the U.S. Energy Information Administration (EIA).

Developers in Texas are increasingly coupling solar projects with battery storage to maximize income, with tax credits in the 2022 Inflation Reduction Act further driving the deployment of stand-alone batteries. The rise in clean power and battery storage capacity in Texas is decreasing the reliance on fossil fuel plants during peak demand periods, with developers focusing on larger battery installations to benefit from economies of scale and revenue opportunities.

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Source Link: https://www.reuters.com/business/energy/texas-energy-storage-dash-brings-1-gw-batteries-within-sight-2024-05-09/

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Texas energy storage dash brings 1 GW batteries within sight

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