fresh funding

Houston energy company makes contribution to coastal region conservation

The Baker Hughes Foundation has again made a contribution to a nature organization.

The philanthropic arm to energy company Baker Hughes announced a $100,000 donation to the Coastal Prairie Conservancy. The grant will go toward supporting the preservation of coastal prairies, wetlands, farms, and ranches in Texas.

“Thriving natural ecosystems are essential for maintaining rich biodiversity, and we are committed to conserve and protect our natural resources,” Allyson Book, chief sustainability officer at Baker Hughes, says in a news release. “Coastal Prairie Conservancy preserves and safeguards the ecosystems in the Greater Houston area, and we are proud to partner with them.”

The grant was announced last week at the company's new headquarters grand opening.

The Coastal Prairie Conservancy is a nonprofit land trust that's work plays a big role in flood control, cleaner air and water, recreation, and wildlife habitat preservation.

“We are so grateful for this generous donation and meaningful partnership with the Baker Hughes Foundation. Not only will this funding allow the Coastal Prairie Conservancy to safeguard plants and animals and provide healthy grasslands and wetlands as homes, it also benefits people,” Coastal Prairie Conservancy President and CEO Mary Anne Piacentini says in the release. “Coastal prairie conservation and enhancement provide the public with access to nature, enhanced health and wellness, regional flood control, increased carbon capture, improved water quality, and climate resilience. We are proud to partner with the Baker Hughes Foundation to ensure healthy lands, healthy wildlife and healthy communities.”

In recent years, the Baker Hughes Foundation has contributed a combined total of $150,000 in habitat restoration support within the Texas Gulf Coast region. Earlier this year, the organization distributed funding to tree planting efforts, DEI hiring initiatives, and the University of Houston's Energy Transition Institute.

Trending News

A View From HETI

Quantum Power Systems took home the top TEX-E prize at this year's Energy Venture Day pitch competition during CERAWeek. Photo via LinkedIn

Twelve teams from around the country, including several from Houston, took home top honors at this year's Energy Venture Day and Pitch Competition at CERAWeek.

The fast-paced event, held March 25, put on by Rice Alliance, Houston Energy Transition Initiative and TEX-E, invited 36 industry startups and five Texas-based student teams focused on driving efficiency and advancements in the energy transition to present 3.5-minute pitches before investors and industry partners during CERAWeek's Agora program.

The competition is a qualifying event for the Startup World Cup, where teams compete for a $1 million investment prize.

PolyJoule won in the Track C competition and was named the overall winner of the pitch event. The Boston-based company will go on to compete in the Startup World Cup held this fall in San Francisco.

PolyJoule was spun out of MIT and is developing conductive polymer battery technology for energy storage.

Rice University's Resonant Thermal Systems won the second-place prize and $15,000 in the student track, known as TEX-E. The team's STREED solution converts high-salinity water into fresh water while recovering valuable minerals.

Teams from the University of Texas won first and second place in the TEX-E competition, bringing home $25,000 and $10,000, respectively. The student winners were:

Companies that pitched in the three industry tracts competed for non-monetary awards. Here are the companies named "most-promising" by the judges:

Track A | Industrial Efficiency & Decarbonization

Track B | Advanced Manufacturing, Materials, & Other Advanced Technologies

  • First: Licube, based in Houston
  • Second: ZettaJoule, based in Houston and Maryland
  • Third: Oleo

Track C | Innovations for Traditional Energy, Electricity, & the Grid

The teams at this year's Energy Venture Day have collectively raised $707 million in funding, according to Rice. They represent six countries and 12 states. See the full list of companies and investor groups that participated here.

Trending News