[a5seo]

Texas only adds more clean generation because it’s way less capital intensive than building a natural gas or coal plant. Those plants require $500M+ minimum and the returns just aren’t that great. My wife is an energy attorney in Texas and handles power purchase and interconnection deals like these all day long.

Solar and wind deals require far less capital, go up faster, and aren’t subject to the supply risk of natural gas or coal.

Texas also has a lot of clean energy thanks to sun and terrain. The Edwards plateau creates some of the best wind generation opportunities in the US.

Texas also attracts energy heavy industries because it has relatively cheap power. Which we’ve learned partly results from not paying anyone to have excess capacity… which is all fun and games until you have winter storm Yuri roll in and your only option is to “shed load” which btw kills some people.

Another aspect of Texas is that we have demand response contracts whereby certain users get paid simply for the ability to “take” power when required. This is very attractive to bitcoin miners. Prices here go negative from time to time which is pretty wild.

All of this attracts a lot of energy-intensive industries to Texas.