Texas is experiencing an increase in power demand due to its growing population and a significant rise in requests from large users such as data centers, hydrogen production facilities, and oil and gas companies that are electrifying their operations. More than a third of the forecast growth is coming from the Permian Basin, where oil and gas operators are converting operations to run on electricity instead of gas or diesel.
The Electric Reliability Council of Texas (ERCOT) predicts that the power demand in Texas will reach around 150 gigawatts by 2030, nearly double the current demand1. This increase is attributed to factors such as population growth, requests from large users like data centers and oil and gas companies, and the electrification of operations in the Permian Basin.
Texas' grid demand last year reached a record-breaking 85 gigawatts. This increase was driven by the state's growing population and a significant rise in requests from large users such as data centers, hydrogen production facilities, and oil and gas companies that are electrifying their operations.