onboarding

Global consulting firm names new Houston energy practice leader​

Alvarez & Marsal announced the appointment of Jay Johnson as senior adviser to its energy practice. Photo via alvarezandmarsal.com

A top global professional services firm named a Houston-based energy leader amid industry evolution and regulatory changes.

Alvarez & Marsal, or A&M, announced the appointment of Jay Johnson as senior adviser to its energy practice.

“I enjoy bringing together teams of people to solve the complex challenges facing companies today,” Johnson says in a news release. “I’m looking forward to working with A&M’s energy team to build leadership and capabilities to address industry challenges.”

The firm has over 500 energy consultants in over 30 countries.

According to A&M, Johnson’s joining represents the “next phase of A&M’s strategic plan to help energy clients maximize value and drive change amidst industry challenges, regulatory changes and economic volatility.”

“The firm’s focus on operational improvements lines up well with my own,” Johnson said.

The move complements last year's integration with The Carnrite Group, according to A&M's news release.

Johnson spent 40 years at Chevron in a variety of roles that took him from London and Kazakhstan to Papua New Guinea and the United States. He earned a bachelor’s degree in electrical engineering from the University of Illinois, as well as an MBA from Louisiana State University.

“Jay’s background leading the upstream business for one of the largest energy companies and his industry perspectives will help A&M shape its future growth,” A&M Managing Director and Energy Practice Leader Lee Maginniss says in a news release. “Jay’s leadership experience combined with his operational mindset will be instrumental to developing firm-wide talent that can best advise clients.”

Trending News

A View From HETI

A new joint venture will work on four projects supplying 5 gigawatts of power from combined-cycle power plants for the ERCOT and PJM Interconnection grids. Photo via Getty Images.

Houston-based power provider NRG Energy Inc. has formed a joint venture with two other companies to meet escalating demand for electricity to fuel the rise of data centers and the evolution of generative AI.

NRG’s partners in the joint venture are GE Vernova, a provider of renewable energy equipment and services, and TIC – The Industrial Co., a subsidiary of construction and engineering company Kiewit.

“The growing demand for electricity in part due to GenAI and the buildup of data centers means we need to form new, innovative partnerships to quickly increase America’s dispatchable generation,” Robert Gaudette, head of NRG Business and Wholesale Operations, said in a news release. “Working together, these three industry leaders are committed to executing with speed and excellence to meet our customers’ generation needs.”

Initially, the joint venture will work on four projects supplying 5 gigawatts of power from combined-cycle power plants, which uses a combination of natural gas and steam turbines that produce additional electricity from natural gas waste. Electricity from these projects will be produced for power grids operated by the Electric Reliability Council of Texas (ERCOT) and PJM Interconnection. The projects are scheduled to come online from 2029 through 2032.

The joint venture says the model it’s developing for these four projects is “replicable and scalable,” with the potential for expansion across the U.S.

The company is also developing a new 721-megawatt natural gas combined-cycle unit at its Cedar Bayou plant in Baytown, Texas. Read more here.

Trending News