Deadline approaches Houston company's energy awards

ALLY Energy's annual GRIT Awards is still accepting applications — but not for long.

A Houston company that advocates for equity and inclusion in the evolving energy sector is closing it nominations for its annual awards program on August 12.

ALLY Energy's 2023 GRIT Awards — honoring companies, nonprofits, and individuals with growth, resilience, innovation, and talent — is slated for October 26. For now, ALLY is looking for the best in the biz to honor at the program.

"We honor the energy industry’s brightest and grittiest talent who contribute to their companies, the energy industry, and their communities," reads the website. "Our awards program recognizes individuals, students, and for-profit and nonprofit organizations that have demonstrated (GRIT) growth, resilience, innovation, and talent with a focus on driving a (JEDI) just, equitable, diverse, and inclusive culture. Best Energy Workplaces℠ give recognition to outstanding energy and climate technology employers."

The nomination categories are as follows:

  • The Lifetime Achievement Award
  • The Professional Award
  • The Executive Award
  • The Entrepreneur Award
  • The ALLY JEDI Award
  • The Gritty Girl
  • The ESG and Climate Champion
  • The Best Affinity Group, Employee Resource Group, or Business Resource Group Award
  • The Best Energy Team Award
  • The Best Energy Workplaces Award

The full description and requirements for each category is detailed online.

Once applications close on August 12 at midnight, ALLY's team will decide the finalists and reveal them before September 15.

Last year's honorees included representatives from many Houston energy companies, including Baker Hughes, ExxonMobil, Halliburton, Marathon Oil, Rice University, Saudi Aramco, Shell, the University of Houston, Syzygy Plasmonics, and Wood Mackenzie.

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A View From HETI

Greentown Labs announced it's receiving a percentage of Prithvi Ventures' proceeds. Photo courtesy of Greentown Labs

Effective immediately, Greentown Labs, which has locations in Houston and Somerville, Massachusetts, is benefitting from funds raised by an investment group.

Greentown Labs, a nonprofit climatetech incubator, announced its partnership with New York-based Prithvi Ventures, a firm that specializes in early-stage climatetech. The unique partnership includes Prithvi Ventures donating "a percentage of proceeds received from its Fund 1 and Fund 2 to Greentown on a quarterly basis, in perpetuity," per Greentown's news release. The exact percentage was not disclosed.

“There’s an understanding in sports that the best teams always take responsibility and accountability for their own and look out for each other—that the members of the team are a reflection of the franchise,” says Kunal Sethi, founder and general partner at Prithvi Ventures. “I have always believed the same to be true in venture, too.

"Founders should know their supporters, team, and cap tables inside and out. It matters who you surround yourself with and Greentown Labs is always the first name that comes up for me," he continues. "Every founder in climatetech should work with them or they’re missing out on so much.”

Prithvi Ventures already has a handful Greentown member companies in its investment portfolio, including Carbon Upcycling, Mars Materials, Nth Cycle, and Rheom Materials. The firm has invested in 30 companies total, and aims to lead rounds, preferring to be the first large check for the startups it invests in.

“We are delighted to deepen our relationship with Prithvi Ventures and are grateful for their ongoing support,” Aisling Carlson, senior vice president of partnerships at Greentown Labs, says in the statement. “Through this new partnership, Prithvi Ventures and its limited partners are setting an example for how the venture community can more directly support the incubators and accelerators working to catalyze climatetech innovation and entrepreneurship.”

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