The state of Texas boasts some of the strongest and most abundant renewable energy resources in the country.
It’s No. 1 in wind power, and its solar industry is one of the fastest-growing in the nation. In fact, thanks to the Lone Star State’s power grid, Texas has been able to keep the power on and costs down during these recent heat waves.
According to the Energy Information Administration (EIA), wind and solar contributed up to 55% of total power in Texas at the height of last month’s heat wave. What makes this particularly interesting, though, is that natural gas stayed below 50%.
This, dear reader, is a glimpse into the future, as more solar and wind are being planned and constructed in Texas. This is happening despite an odd push from some lawmakers to put new and onerous rules and permitting requirements in place for solar and wind while backing measures that would require taxpayers to foot the bill to bolster and expand the state’s natural gas market. Our analysts have traveled the world over, dedicated to finding the best and most profitable investments in the global energy markets. All you have to do to join our Energy and Capital investment community is sign up for the daily newsletter below.
Our analysts have traveled the world over, dedicated to finding the best and most profitable investments in the global energy markets. All you have to do to join our Energy and Capital investment community is sign up for the daily newsletter below.
As reported in The Washington Post:
Some Republicans have justified these moves by arguing that renewable energy is inherently unreliable and that more fossil fuels are needed to avoid another electricity blackout crisis — even though most of the loss of generating capacity during the 2021 outage came from gas power plants.
While it would be foolish to deny the benefits of having easily dispatchable resources such as natural gas, the need to limit renewable energy growth in an effort to strengthen the natural gas industry is absurd. It’s also absurd to assume that natural gas is the best option for easily dispatchable electricity anyway.
Thanks to the rapid development of battery storage technology over the past few years, we’re now seeing evidence that utility-scale battery storage can be about 30% cheaper than new natural gas plants, and "Newton Batteries" are even cheaper than that, as they only require concrete and steel to build.
Typical utility-scale battery storage requires lithium, which costs five times more than concrete and 13 times more than steel.
There’s also no degradation with Newton Batteries, and, unlike lithium-ion batteries, they just pack more punch. In fact, Saudi Arabia is now building out a facility that will use a Newton Battery alongside a solar farm to power 4.5 million homes.
To put that in perspective, there are roughly 8.2 million single-family homes in Texas…
So one solar farm utilizing the Newton Battery could power roughly 55% of all the single-family homes in the state.
Make no mistake: This is a massive game-changer for the global energy economy, and the company behind the Newton Battery is crushing it.
Not only is it now in prime position to score billions of dollars in new government contracts, but it’s also in bed with the world’s biggest players in the energy game, including General Electric (NYSE: GE), Dominion Energy (NYSE: D), and Canadian Solar (NASDAQ: CSIQ).
It’s also already inked more than $32 billion worth of contracts over the next five years.
If there’s one thing I’ve learned from working in the world of energy for nearly three decades, it's that you can always tell how viable a new energy technology is by looking at its contract backlog and key partnerships.
In other words, the folks behind the Newton Battery are about to get stinking rich as the world transitions away from fossil fuels to renewable energy, and we’re definitely getting in on this action.
In fact, our research team here at Energy and Capital is so bullish on the Newton Battery that they put together this special investment presentation that shows you exactly how the Newton Battery works and why it’s the most advanced energy storage system in the world, as well as all the information you need to buy shares of the company behind it today.
Jeff is the founder and managing editor of Green Chip Stocks. For more on Jeff, go to his editor’s page.
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