![]() “Texas exposure: Regulated gas distribution system serves more than 2 million customers in Texas. electricity demand to increase by 1.2% annually over the next 10 years. States like Illinois, Wisconsin, and Massachusetts face falling electricity demand. Texas, Arizona, and Virginia are three states with increasing electricity demand due to a rebounding economy, data center expansion, and increasing interest in electric vehicles. Shifting Electricity Demand An already-stressed Texas electric grid will likely see further issues. In addition, wind turbines can produce energy in cold temperatures, but investment is required for them to operate more efficiently during extreme cold.Ģ. The biggest challenge is intermittency: producing solar and wind energy when it isn't sunny or windy. Despite Texas being a large producer of wind and solar energy, there will be hurdles to expand renewable energy across the U.S. That includes 50 gigawatts in wind and solar energy to go online in the next three years-with a significant portion going to Texas. Renewable Energy Growth We expect wind and solar energy to double their market share in the United States by 2030. This focused attention on utilities companies nationwide, and our Utilities equity research team believes they must address three key areas going forward.ġ. Widespread power outages in Texas left millions without power during severe winter weather last month.
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