Mission Statement
At Gridhack, our mission is to empower homeowners to achieve energy independence by transforming their residences into Virtual Power Plant (VPP) homes. These homes will integrate renewable energy generation, smart storage, and intelligent energy management systems to operate autonomously from the traditional power grid. By decentralizing energy production and enhancing resilience, we aim to reduce reliance on aging infrastructure, lower carbon footprints, and provide a sustainable, cost-effective energy future.
Utility Rate and Infrastructure Investment
Oncor: Oncor is undertaking a massive $36.1 billion capital investment plan from 2025 to 2029, a $12 billion increase over its previous plan. This includes $3 billion for a System Resiliency Plan, $4 billion for distribution upgrades, and billions more for transmission and interconnection projects. These investments aim to enhance grid reliability amid rising demand, particularly in high-growth areas like the Permian Basin.
Xcel Energy: Xcel Energy has launched a $45 billion five-year investment plan focused on grid modernization, clean energy, and electrification support. In Colorado, its Clean Energy Plan aims to reduce carbon emissions by 85% by 2030 and transition to 80% renewable electricity by the end of the decade. This includes building 560 miles of new transmission lines and phasing out coal by 2030.
CenterPoint Energy is proposing to invest approximately $5 billion between 2026 and 2028 as we design, build and operate a more resilient electric grid – the largest investment in Greater Houston infrastructure in our company’s history.
These enhancements will include:
- Hardening critical infrastructure
- Enhancing the security of the grid
- Building a smarter grid that can combat increasing extreme weather
These investments will help support our growing customer base as we work toward our goal of building the most resilient coastal grid in the country, reducing the impact of outages from storms and hurricanes.
By January 31, 2025, we will file a 2026-2028 Long-Term System Resiliency Plan with the Public Utility Commission of Texas. Our capital investment plan for CenterPoint Energy Houston Electric includes more than $21 billion in total capital investment from 2025 through 2030.
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