middle of the pack

Report: Texas has promising capacity for clean electricity, but still falls behind nationally

In Texas only 38 percent of the state’s electricity capacity comes from clean electricity. Photo via Getty Images

In a new report that looked at states with the cleanest electricity across the country, Texas seems to have some room for improvement.

According to the report from SmartAsset, Texas has the most clean energy capacity at 56,405 megawatts, but continues to trail states with similar geographic characteristics in overall clean energy prevalence.

Texas has the largest wind capacity to help generate clean energy with over three times more than Iowa, which is the second-biggest wind power producer. Clean electricity made up 57 percent of Iowa’s total energy capacity (22,546.4 megawatts).

However, in Texas only 38 percent of the state’s electricity capacity comes from clean electricity. Texas also has the second-largest solar capacity, which means Texas has the most means, space, and potential to accommodate cleaner electricity.

Texas as a whole, ranked No. 22 on the list for states with the most clean energy. Washington was No.1 and California, comparable in geographic size to Texas, came in at No. 11. California had 44.3 percent of its energy capacity being from clean energy.

SmartAsset compiled its study by comparing the amount of geothermal, solar, wind and nuclear operations as a percentage of a state’s full electricity production capacity. States were ranked based on the percentage of clean energy sources used to generate the total net summer electricity production capacity. According to the report, the 2022 data comes from the U.S. Energy Information Administration.

Last year, home service management platform Thumbtack ranked cities based upon solar panel installations. Texas fared better here, and the Lone Star State split up four Californian cities in the top five of that report.

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A View From HETI

Pelican Energy Partners has made its second nuclear-related acquisition of 2026. Photo via Pexels

Houston-based private equity firm Pelican Energy Partners has acquired California-based Veridiam for an undisclosed amount in an effort to further increase the firm’s focus on the nuclear energy sector.

Veridiam is a strategic manufacturer that specializes in the precision fabrication of components and assemblies made from exotic metals or advanced alloys for the nuclear, aerospace, defense, space and medical fields.

Following the acquisition, Veridiam will continue to operate under its existing name and will led by its current management team, including CEO Brian Joyal.

“Joining the Pelican platform accelerates our strategic trajectory," Joyal said in a news release. "With Pelican's support, we will accelerate the modernization and expansion of our manufacturing capabilities to meet unprecedented demand across the nuclear, aerospace, defense, and medical sectors. This partnership also enables us to expand our portfolio of mission-critical products and engineered solutions while maintaining the uncompromising quality, precision, and reliability standards that have defined Veridiam for more than 60 years."

Since 2011, Pelican has raised over $1 billion in committed capital and has realized over 15 investments. Currently, Pelican is investing from its fourth fund, which aims to support and advance companies that provide critical services and products to the nuclear power industry.

In 2024, Pelican raised a $450 million fund to invest in nuclear energy services and equipment companies.

The Veridiam deal comes after Pelican has completed several nuclear acquisitions. The PE firm acquired New Hampshire-based Environmental Alternatives Inc., which provides nuclear decontamination services, in April; it acquired Georgia-based WSI Welding Solution in December, which services the nuclear sector.

"Veridiam sits at the center of our investment thesis and reflects the kind of deal Pelican does best," Mike Scott, managing partner and founder of Pelican Energy Partners, added in the news release. "With the right capital and operating support, we see a clear opportunity to strengthen the business, invest in its capabilities, and create long-term value for customers and shareholders."

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