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Texas Governor Greg Abbott welcomes Tesla after reincorporation vote passes “Guaranteed Win” mark

Teslarati

Texas Governor Greg Abbott expressed his support to Elon Musk and Tesla after the CEO noted on X that TSLA investors are on track to ratify his 2018 CEO Performance Award and approve the electric vehicle maker’s proposed redomestication from Delaware to Texas. Abbott shared his thoughts in a post on his personal X account.

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Rivian could get a $440M tax incentive for 2,000-acre Texas facility

Teslarati

Rivian could benefit from a $440 million tax incentive from the City of Fort Worth, Texas if it meets specific requirements. Rivian’s potential Texas factory promises to deliver at least $5 billion in direct capital investment and more than 7,500 new jobs to the city. . billion upon the first assessment.”.

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Avangrid completes installation of its first solar farm in Texas

Baua Electric

Photo: Avangrid True North is Avangrid’s (NYSE: AGR) first solar farm in Texas – and it will be the largest solar project in the company’s portfolio. Avangrid installed more than 488,000 solar panels at the 321 megawatt (MW) solar farm in Falls County, Texas, over the past several months, and it says it finished ahead of schedule.

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Tesla Model 3 Highland leases qualify for IRA tax credit loophole

Teslarati

The Texas-based automaker noted that the $7,500 EV lease incentive would be distributed across the lease term. Tesla calculated that Model 3 Highland lease payments would be $329 monthly, excluding taxes and fees. Commercial vehicles are not subject to the eligibility requirements as electric vehicles purchased for personal use.

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Texas goes big on solar + storage that can power 41,000+ homes

Baua Electric

Photo: Cypress Creek Renewables A 208-megawatt (MW) solar farm with 80 megawatt hours (MWh) of storage has come online west of San Antonio, Texas. Solar + storage developers Cypress Creek Renewables brought Zier Solar + Storage online in Brackettville, Texas, on May 2, 2024. Texas is No 1 in the US for solar capacity.

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With gas phase-out in view, Europe could lose $160 billion in fuel taxes

Teslarati

With Europe’s gas phase-out plans now within view, the countries there could be set to lose significant funding from fuel taxes in the coming years. Still, the change could have some latent effects, especially as most countries get crucial revenue from taxes on gas. What about in other countries?

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Texas installs another big solar + battery storage project

Baua Electric

Photo: Enel North America Power-hungry Texas needs solar and battery storage to help meet demand and balance the grid, so its largest utility-scale storage operator is delivering. Texas consumes more energy than any other state, and demand is growing. It’s expected to add more new grid battery capacity in 2024 – 6.4

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