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Texas Batteries Shine During Tight Power Supply Conditions, Capacity Set to Grow Tenfold by 2024

  • Batteries provided record levels of power to Texas grid on critical evening when emergency conditions triggered
  • Battery capacity on Texas grid has grown from 275 MW in 2020 to over 3,500 MW today, with 10,000 MW expected by end of 2024
  • Batteries can charge when electricity prices are low and discharge when prices are high, providing grid stability
  • Batteries credited with helping meet demand during tight supply conditions as renewable energy increases
  • Proposed battery projects through 2028 total over 100,000 MW, showing momentum despite being excluded from recent tax incentives
texastribune.org
Relevant topic timeline:
The Texas power grid is facing increasing challenges to meet high electricity demand, with record-breaking heatwaves and strain on power sources, prompting calls for conservation and a rethink of power generation and usage.
The US Energy Department is investing $325 million in new battery technologies to enable the storage of solar and wind energy for extended periods, providing 24-hour power and increasing reliability and affordability.
The US battery energy storage market set a new quarterly record by adding 5,597 megawatt hours (MWh) in Q2 2023, driven by significant growth in the grid-scale segment, which accounted for 5,109 MWh and is projected to be the main driver of the market in the next five years, according to Wood Mackenzie and the American Clean Power Association (ACP).