REUTERS: Texas battery rush: Oil state’s power woes fuel energy storage boom

Numerous companies are following an investment boom in Texas battery storage plants, buoyed by the opportunity to earn double-digit returns from power grid problems in the state.

Chris McKissack, CEO of storage developer GlidePath, said that batteries will likely remain a good bet for a long time — even if Texas is seeking to bolster traditional forms of energy like natural gas.

“If no new generation is built and all you’ve got is old generation and load growth, you’ve got even more volatility,” McKissack said. And that, he said, could lead to more opportunity for storage.

Read the full story in Reuters

(image by Adrees Latif for REUTERS)