2015 High Tech Road Show Sector Focus: Energy
Texas embodies the very concept of energy production. Three energy sub-clusters are active in Texas: Oil and gas exploration and production; electric/coal/nuclear power generation; and renewable and sustainable energy generation. The geography and natural resources of Texas – along with the State’s excellent transportation systems, skilled labor force, and leadership in environmental research – give the State an energy advantage over other regional and international players.
A few facts that make Texas a world leader in energy:
• There are over 848 operational oil and gas rigs in Texas, 48 percent of the national total.
• Electrical transmissions and new energy development are free from federal regulation in Texas, the only State in the Union with its own power grid.
• Texas is a major nuclear power-generating state, with almost 5,000 MW of installed nuclear power.
• Texas leads the nation in installed wind capacity (12,214 MW) and is home to two of the largest wind farms in the western hemisphere.
• The energy sector contributes more than $172 billion to the Texas economy.
• Texas is #1 in total energy production, biodiesel production capacity, and solar energy potential.
A few facts that make Texas a world leader in energy:
• There are over 848 operational oil and gas rigs in Texas, 48 percent of the national total.
• Electrical transmissions and new energy development are free from federal regulation in Texas, the only State in the Union with its own power grid.
• Texas is a major nuclear power-generating state, with almost 5,000 MW of installed nuclear power.
• Texas leads the nation in installed wind capacity (12,214 MW) and is home to two of the largest wind farms in the western hemisphere.
• The energy sector contributes more than $172 billion to the Texas economy.
• Texas is #1 in total energy production, biodiesel production capacity, and solar energy potential.
