REA Response
Texas sees remarkable growth, adding nearly 500,000 residents and 300,000 jobs annually. Utilizing fossil fuels with carbon capture and storage can help the state address current and future energy needs.
As Texas' economy expands, resources need secured
Victoria Advocate, Nov. 6, 2024
The expansion in the Texas economy and population has been impressive of late, currently maintaining a pace of almost 500,000 new Texans and 300,000 jobs (in round numbers) per year. In addition, emerging sectors that require significant and reliable electricity supplies are surging. As a result, the need for generation and transmission capacity is rising at a pace far exceeding expectations from a few years ago.
If not addressed, inadequate power supplies and the resulting unreliability in the Texas electric grid could constrain economic growth by becoming a barrier to entry and expansion for companies looking to establish a presence in the state. Existing businesses also cannot function optimally with insufficient electricity.
Read the full article here.
