Texas storage deployment saved at least $750M since 2023: ACP

Brian Martucci | Source: Utility DIVE | Posted 12/11/2024

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Approximately 5 GW of new capacity added since last year has improved reliability while lowering electricity prices on the ERCOT grid, the American Clean Power Association said Monday.

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The American Clean Power Association reported the addition of approximately 5 GW of new capacity on the ERCOT grid since last year, leading to improved reliability and decreased electricity prices. Energy storage deployment in Texas since 2023 has resulted in significant cost savings of at least $750 million for consumers, helping the state avoid energy conservation appeals during the summer of 2024.

Renewables and energy storage now make up nearly 50% of ERCOT's power mix, with over 30 GW of solar and storage capacity deployed in the past two years. Energy storage growth in ERCOT has notably lowered real-time peak power prices and ancillary service prices, with storage assets playing a crucial role in maintaining grid stability and reducing costs. As more energy storage facilities come online, the market for ancillary services in ERCOT becomes more competitive, leading to further cost reductions and improved reliability on the grid.

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Texas storage deployment saved at least $750M since 2023: ACP

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