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0.000280321435245626 -0.000186880956830595 9.34404784151645E-05 -0.000840964305737277 0.000280321435245626 0.00205569052513548 0.0070809194543075 0.00775555970846569
Stock impact report

Texas energy storage dash brings 1 GW batteries within sight [Reuters]

Prologis, Inc. (PLD) 
Last prologis, inc. earnings: 4/21 08:00 am Check Earnings Report
US:NYSE Investor Relations: ir.prologis.com
Company Research Source: Reuters
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. and an increasing number of developers are coupling their projects with battery storage to maximise income. Meanwhile, new tax credits in the 2022 Inflation Reduction Act have spurred deployment of stand-alone batteries. "Developers expect to bring more than 300 utility-scale battery storage projects on line in the United States by 2025, and around 50% of the planned capacity installations will be in Texas," EIA said in January. MAP: Planned US power plant installations in 2024 Source: U.S. Energy Information Administration (EIA), February 2024 Rising clean power and battery storage capacity in Texas is reducing the use of fossil fuel plants during peak evening demand periods. Developers are installing larger batteries to gain economies of scale and maximise revenue opportunities. T Show less Read more
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