May 15, 2026 - Today's Industrial Market News from Industrialinfo.com

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Industrial Info Resources - Industry News Podcast 3 min 1 speaker 4 chapters transcribed 1 month ago

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What are the latest trends in Texas solar generation and utility‑scale projects?

Christine Ramos 0:11

This is the World Industrial News for Friday, May 15th. Brought to you by Industrial Info Resources of Sugarland, Texas. The ERCOT grid covers the vast majority of Texas, and the U.S. Energy Information Administration reports that ERCOT's 14 billion kilowatt hours of solar generation slightly surpassed coal generation output in the first quarter of this year. But from the second quarter onward, those numbers continue to diverge more widely in favor of solar generation.

How is the Texas Energy Fund advancing natural‑gas peaking power plants?

Christine Ramos 0:41

Industrial Info Resources data find 37 utility-scale solar projects valued at $12.8 billion that are set to be completed in Texas this year. The Constellation Pin Oak Peaking Power Plant is the first of six Texas Energy Fund-backed power projects to come online. Project reports for all six natural gas-fired projects, which will total 3.47 gigawatts of capacity, can be found in the Industrial Info Resources Global Market Intelligence Power project database. Developments around US geothermal power are heating up. Industrial Info Resources is tracking six point seven billion dollars worth of active and proposed GR thermal related projects across the country, most of which are in the Western US, although much of the activity is in an early stage of development.

What’s driving growth in U.S. geothermal power projects and where are they located?

Christine Ramos 1:36

A string of domestic refinery issues, coupled with the geopolitical risk premium causing gasoline prices to rise, has U.S. consumers renewing their interest in electric vehicles, a report from JD Power Finds. Equinox Gold Corporation will acquire Orla Mining, creating one of the leading gold producers in the Americas, with production of 1.1 million ounces expected for 2026 and a market capitalization of $18.5 billion. With the completion of planned growth projects, production could reach up to 1.9 million ounces per year. Angola's first new refinery in more than fifty years, Cabinda, has started shipping its first fuels.

Why is Equinox Gold’s acquisition of Orla Mining significant for the Americas gold market?

Christine Ramos 2:19

Located in the northwestern tip of the country, the refinery has an initial capacity of 30,000 barrels per day and is majority owned by London-based emerging markets investment firm JamCourt. Which holds a ninety percent state. The remaining ten percent is held by Angola's state owned oil firm Zenangol. For details on these and other breaking news, read the full stories at industrialinfo.com. I'm Christine Lamos, reporting for Industrial Info News.

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