Texas Governor Greg Abbott plans to double the state's $5bn loan program for gas-fired power plants to $10bn due to rising electricity demand.
Texas Governor Greg Abbott plans to double the state's $5 billion loan program for gas-fired power plants to $10 billion in response to rising electricity demand driven by data centers and electric vehicles. The move aims to construct more power plants quickly, as Texas' electricity needs are projected to nearly double by 2030, reaching 150 gigawatts, almost double the current 85 gigawatts capacity.
July 01, 2024
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