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LCG Publishes 2025 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, August 14, 2024 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2025, highlighting the region's rapid transition toward increased reliance on renewable energy resources and battery storage.

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LCG Publishes 2025 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, August 14, 2024 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2025, highlighting the region's rapid transition toward increased reliance on renewable energy resources and battery storage.

Read more

Industry News

Shell Buys Out Partners in Renewable Venture

LCG, Jan. 23, 2002--The renewable energy firm Siemens und Shell Solar, a partnership between oil major Royal Dutch/Shell, the electronics firm Siemens, and the energy firm Eon, will be owned solely by Royal Dutch/Shell, following a buyout.

"Shell has a strategic commitment to making renewable energy a commercial reality, and this move is a key step in building a strong, global solar business," said Philippe de Renzy-Martin, the future executive vice-president of the resulting company.

An analyst speaking to the Financial Times said that he thought the reason for investment in renewable energy was "to appease governments and their customers. However, the research and development put into this may yield big gains in time."

Siemens und Shell Solar dates to April 2001. Royal Dutch/Shell last year said that, depending upon economic considerations, it intended to invest $500 million to $1 billion in energy sources such as solar, wind, hydrogen and geothermal over a span of five years. The deal, for which a price was not disclosed, will give Royal Dutch/Shell approximately 15 percent of the global photovoltaic market.

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