POWER Magazine•about 1 month ago
NRG Energy Will Build New 455-MW Gas-Fired Plant Near Houston
Key Takeaway
Texas is actively leveraging state-level financing to rapidly deploy new dispatchable gas generation, directly impacting grid reliability and energy supply for large power consumers and developers in ERCOT.
AI Summary
- •NRG Energy is building a new 455-MW natural gas-fired power plant at its Greens Bayou site near Houston, Texas.
- •The project is backed by a loan agreement from the Texas Energy Fund (TxEF), indicating significant state-level policy support for dispatchable generation.
- •This new capacity in the ERCOT market will enhance grid reliability and potentially stabilize power supply for large industrial and commercial consumers.
- •The TxEF financing mechanism signals a continued focus on incentivizing conventional generation to meet growing demand and address grid stability concerns in Texas.
Topics
ccgtemissionsercotfinancinginterconnectpolicy
Article Content
NRG Energy is the latest Texas-based utility to receive a loan agreement from the Texas Energy Fund (TxEF). The company plans to use the funding to support construction of a 455-MW natural gas-fired station at the site of the group’s current Greens Bayou Generating Station in Harris County, near Houston. The post NRG Energy Will Build New 455-MW Gas-Fired Plant Near Houston appeared first on POWER Magazine .