Crypto impact on Texas grid

According to  Enverus Intelligence Research:

• Far West Texas power demand will more than double by 2040 because of electrification trends and cryptocurrency mining growth. With this increased load comes a need for additional generation buildout, otherwise power prices will rise significantly.
• Without an increase in levels of queued generation in ERCOT’s Far West load zone, EIR expects net exports to continue to decrease. This presents an opportunity for generation within the region to expand capacity to meet peak load and export to East Texas.
• Natural gas combustion, specifically compression, is the most practical emission source to electrify by connecting to the grid, as these emissions mostly come from stationary sites with long expected lives.
• A fundamental shift began in 2022 as load growth increased relative to wellhead gas production. This was due to early electrification efforts in the Permian Basin and a migration of cryptocurrency mining load to Texas following China’s crackdown on miners in mid-2021.

Rigzone | Electrification, Crypto Could Threaten West Texas Grid in Future