ECONOMIC IMPACT IN TEXAS
Our state’s diverse energy mix of clean energy and natural gas help to support local economies reliant on agriculture and energy. Where energy projects are developed, landowners benefit directly from lease payments, school districts and local governments benefit from a new source of tax revenue, and local workers benefit from job opportunities that are often difficult to find in rural America.
Very recently, the first co-op owned energy storage project was begun, with Pedernales Electric Cooperative (PEC) signing a deal with Aggreko for a 2.25 MW/4.5 MWh battery. The system will provide grid services, as well time-shifting solar from a nearby facility.
Thanks to new technology, research, and innovation, the price of producing electricity with renewable sources is constantly dropping.
Clean energy developers and producers pay over $237 million annually in state and local taxes, providing a new stream of revenue for local communities to use on emergency services, roads, and education.
Employment of wind turbine service technicians, also known as wind techs, is projected to grow 96% during the next eight years, much faster than the average for all occupations. In fact, wind turbine technician ranks as the fastest growing occupation in the United States, with solar ranking 3rd.
In addition to local Texas entities, national and global corporations with a presence in Texas are also tapping into our great state’s resources for renewable energy.
Investing in Texas’ greatest resource: Our students. Our future.