TEXAS (COWS) – Governor Greg Abbott highlighted the rapid growth of Texas’ energy industry and the state’s progress toward increasing power capacity in 2024.
“Without the hard work of the men and women of the energy industry, Texas would not be the energy capital of the world. As Texas continues its unprecedented growth, we remain a leader in the energy sector and a great We will continue to strengthen Texas’ power grid to meet the state’s growing demands. For months, we strengthened the power grid’s distributable power capabilities to ensure all Texans have access to affordable and reliable power. Together, we strengthened the energy industry. We will continue to strengthen and expand our capacity to ensure every home and business has the power they need to thrive in 2025 and beyond.”
Earlier this year, Governor Abbott celebrated groundbreaking in Maxwell for the Lower Colorado River Authority’s two new peaker power plants that will add hundreds of megawatts of power to the Texas power grid.
“To keep the Texas economy thriving, we must continue to build affordable and reliable power, which is why plants like this are so important in the growing Central Texas region.Texas The state has already added more than 3,000 megawatts of transmittable power to the grid in the past 12 months, with 2 With the addition of two new power facilities, we continue our mission to generate more power for Texans.”
The first of the two power plants is currently under construction and is expected to be operational in 2025, according to the governor’s office.
Governor Greg Abbott’s office announced in July that he and Lieutenant Governor Dan Patrick had released a statement regarding the future of the Texas Energy Fund.
The Texas Energy Fund is offering $5 billion in low-interest loans to build more dispatchable natural gas plants. The governor and lieutenant governor are seeking to expand the budget to $10 billion to build more power plants.
Last month, the final report of the Texas New Reactor Task Force was released. According to the governor’s office, the report addressed Texas’ plans to build an advanced nuclear power industry.
“Texas is the energy capital of the world and poised to be number one in advanced nuclear power. By harnessing advanced nuclear energy, Texas will increase the reliability of our state’s power grid and Affordable delivery to Texans throughout the state As we build an advanced nuclear industry in our great state, we will ensure that Texas remains a leader in energy and a growing state. We will continue to strengthen Texas’ power grid to meet demand.”
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