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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

ABB Wins Transmission Contracts in Brazil

LCG, June 15, 2001ABB, the Swiss-Swedish global energy service company, said yesterday it has been awarded contracts worth about $300 million to build transmission systems with a combined length of around 800 miles in Brazil.

The order stems from a concession agreement granted by Brazil's Federal National Electric EnergyAgency to a consortium of power developers. The concession gives the developer consortium the right to build, own and operate two power lines northern and northeastern Brazil to increase the transmission capacity of the national power grid.

"Upgrading and extending the network will significantly improve Brazil's power reliability," saidRichard Siudek, executive vice president and head of ABB's Utilities division. "We will use ourexperience with interconnections in Brazil to rapidly implement this important project."

ABB said it will design, procure and construct all transmission line components, including six 500 kilovolt substations and reactive power compensation equipment. Many of the projects' components will be manufactured at ABB plants in Sao Paulo and Minas Gerais, the company added.

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