The old Texas Tee hey. Not just known for its oil now.
People are in denial if they don't think what is happening with force in the USA and Europe as far as development and investment goes for Wind and Solar will not eventually hit with force here in the mighty Aust..
This company PGY under Lingo is in exactly the right space and time to make all this happen.
This article just out about Texas and its push into the Wind and Solar and Green Hydrogen Production has many similarities into what we are pushing to get done.
The bit where it talks about people "Getting Very Rich" could be SH in the PGY one day if this all comes off.
In Aussie we have a lot of catching up to do.
Like many I am ready for an UPDATE Mr.Lingo.
Wind Power Overtakes Coal In Texas For The First Time Ever
For decades, the Lone Star State has been essentially synonymous with fossil fuels.
While shale oil and gas have long reigned supreme in Texas, coal has also long been a prominent part of the state’s energy mix, currently clocking in at about an 18% share. But not for long.
The winds of change are blowing through Texas.
In 2020, for the first time ever, wind power overtook coal in the state’s overall energy mix, “the latest sign of renewable energy’s rising prominence in America’s fossil fuel heartland” according to reporting by the Financial Times this week.
As the shale revolution that put Texas on the global energy map has been cooling down, the state has been fervently building up its wind power capacity. In fact, Texas has been one of the leaders in the wind power movement across the nation, “pulling in tens of billions of dollars in capital investment over the past decade and rapidly expanding electricity generation from the fuel.”
While in the very recent past renewable energy and anything that could be even remotely related with a liberal agenda were anathema in the oil fields of West Texas, the refineries along the Gulf Coast, and all halls of government where Texans commune, from Austin to Washington DC, the huge injection of cash into wind power at the same time that the U.S. shale-based economy is collapsing has been a powerfully persuasive turn of events to bring more industry leaders on board for the clean energy transition.
Money has had a depoliticizing power in the energy markets in Texas, and as petro-dogma fades, some decidedly conservative folks who are decidedly uninterested in the climate or environmental causes are getting very, very rich off wind and solar.
As such, wind power accounted for a stunning quarter of the energy mix last year, not just overtaking coal but breezily blowing past it. This makes wind power the second-biggest source of energy generation in the State of Texas, coming in behind natural gas, according to data from Texan grid operator the Electric Reliability Council of Texas (Ercot).
And Texas is just getting started. Industry experts have suggested converting previous fossil fuel operations and infrastructure into large-scale solar farms, renewable energy storage facilities, and even green hydrogen production. (Yeah like PGY/TEG)
While the powerful symbolic weight of changing oil and coal infrastructure into clean energy ventures may be a bitter pill to swallow for many of the Texans that have relied on fossil fuel as the backbone of their economy, there is a lot of data to support the suggestion that Texas needs green energy in order to get their labor force back to work.
GO PGY
GO TEG
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