Renewables
Sat, Oct 24
Molly Glick
Molly Glick
Energy Central Team
·Posted in Renewables

NEWS: This sweltering summer, solar and storage saved Texans and Californians billions.

  • The numbers: From June-August, this tech saved Texans around $3.5B and Californians $2.5B (compared with the same span in 2021), SEIA reported. Even with record-high demand, solar and storage brought down wholesale power prices by reducing the need for pricey peaker generation.

  • The backdrop: Between 2021 and 2026, solar generation jumped by 421% in TX and 90% in CA, while battery storage capacity increased more than 26-fold in TX and nearly seven-fold in CA.

  • Plus, a safety boost: As grid batteries proliferate in the US, the annual failure rate has dropped by more than 97% over the past decade. Meaning: Grid batteries are now far less likely to experience arc flash, fire, and explosion events (thanks to advancing tech and safety standards).

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