Business Investment in Solar and Battery Storage
Commercial and industrial electrical rates are rising, and this trend is expected to accelerate due to the massive energy demands from new data centers supporting the AI industry. For example, the Texas electrical grid is projected to need to double its capacity by 2030 to meet this new demand. This significant capital investment…
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Key takeaways
Commercial and industrial electrical rates are rising, and this trend is expected to accelerate due to the massive energy demands from new data centers supporting the AI industry.
For example, the Texas electrical grid is projected to need to double its capacity by 2030 to meet this new demand.
This significant capital investment…
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Commercial and industrial electrical rates are rising, and this trend is expected to accelerate due to the massive energy demands from new data centers supporting the AI industry. For example, the Texas electrical grid is projected to need to double its capacity by 2030 to meet this new demand. This significant capital investment in grid infrastructure will likely be funded by existing ratepayers, as large tech companies often negotiate special rates and tax abatements. Consequently, existing power customers, including other large companies, may have to bear a substantial financial burden for this new development.
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About the author
Mark Stout has worked in the solar power and energy storage industry since 2005, with more than 1,800 MW of project experience spanning development, acquisition, and operations. He is the founder and CEO of StoutPower Consulting, a CPUC GO 156 Certified Diverse Business Enterprise, advising IPPs, developers, and landowners on solar, storage, and green hydrogen projects. His recent work includes leading development for large-scale solar and storage projects with Candela Renewables/Naturgy and supporting RWE’s California BESS portfolio. Previously, he led Ormat Technologies’ Western US Energy Storage team, managed flywheel projects at Amber Kinetics, and advanced landmark solar projects at Cleantech America. Mark holds a B.S. in Electrical Engineering from the University of Illinois and an M.A. from UC Berkeley’s Energy and Resources Group.
