funds granted

Houston-based Baker Hughes pledges $175,000 to nonprofits with diversity-focused initiatives

Baker Hughes has made two grants to nonprofits looking to support a diverse workforce. Photo via bakerhughes.com

The nonprofit arm of a Houston-based energy company has made two grants into organizations focused on supplier diversity.

Earlier this week, the Baker Hughes Foundation revealed details on a $75,000 grant to Houston Minority Supplier Development Council, or HMSDC, and a $100,000 grant to Washington, D.C.-based WEConnect International. HMSDC supports economic growth of minority-owned businesses, and WEConnect International is focused on women-owned companies.

“At Baker Hughes, supplier diversity is integral to our success, and it is our duty to support organizations that fuel building a more inclusive supply base and take the steps necessary to ensure business practices mirror our diverse landscape,” Lynn Buckley, Supplier Diversity and Business Development Sourcing leader, says in a news release.

HMSDC's grant will go toward creating a training program for minority entrepreneurs.

“We believe to close the equity gap in communities of color, we must ensure that diverse businesses understand and meet the business sustainability requirements of today’s corporate and government supply chains,” Ingrid M. Robinson, president of HMSDC, says in the release. “This grant allows us to share sustainability best practices with minority-owned businesses and help them develop and integrate sustainability focused policies and processes that will allow them to grow their businesses.”

Meanwhile, the funding for WEConnect International will be used on nationwide marketing campaigns and learnings systems to help grow the WEConnect network.

“We are thrilled to receive this generous grant from the Baker Hughes Foundation, which will enable us to expand our network of women-owned businesses and promote gender-inclusive procurement practices globally," Elizabeth A. Vazquez, CEO and co-founder of WEConnect International, says in the release. "We share Baker Hughes’ vision of advancing sustainable economic growth and reducing inequality, and we look forward to working together to create more opportunities for women entrepreneurs in the energy sector and beyond."

The Baker Hughes Foundation has made other contributions recently, including a grant towards One Tree Planted and a $100,000 grant to the University of Houston's Energy Transition Institute.

Trending News

A View From HETI

D.C.-based Last Energy plans to bring 30 micro-nuclear reactors in Texas online within the next two years. Rending courtesy Last Energy.

A Washington, D.C.-based developer of micro-nuclear technology plans to build 30 micro-nuclear reactors near Abilene to address the rising demand for electricity to operate data centers across Texas.

The company, Last Energy, is seeking permission from the Electric Reliability Council of Texas (ERCOT) and the U.S. Nuclear Regulatory Commission to build the microreactors on a more than 200-acre site in Haskell County, about 60 miles north of Abilene.

The privately financed microreactors are expected to go online within roughly two years. They would be connected to ERCOT’s power grid, which serves the bulk of Texas.

“Texas is America’s undisputed energy leader, but skyrocketing population growth and data center development is forcing policymakers, customers, and energy providers to embrace new technologies,” says Bret Kugelmass, founder and CEO of Last Energy.

“Nuclear power is the most effective way to meet Texas’ demand, but our solution—plug-and-play microreactors, designed for scalability and siting flexibility—is the best way to meet it quickly,” Kugelmass adds. “Texas is a state that recognizes energy is a precondition for prosperity, and Last Energy is excited to contribute to that mission.”

Texas is home to more than 340 data centers, according to Perceptive Power Infrastructure. These centers consume nearly 8 gigawatts of power and make up 9 percent of the state’s power demand.

Data centers are one of the most energy-intensive building types, says to the U.S. Department of Energy, and account for approximately 2 percent of the total U.S. electricity use.

Microreactors are 100 to 1,000 times smaller than conventional nuclear reactors, according to the Idaho National Laboratory. Yet each Last Energy microreactor can produce 20 megawatts of thermal energy.

Before announcing the 30 proposed microreactors to be located near Abilene, Last Energy built two full-scale prototypes in Texas in tandem with manufacturing partners. The company has also held demonstration events in Texas, including at CERAWeek 2024 in Houston. Last Energy, founded in 2019, is a founding member of the Texas Nuclear Alliance.

“Texas is the energy capital of America, and we are working to be No. 1 in advanced nuclear power,” Governor Greg Abbott said in a statement. “Last Energy’s microreactor project in Haskell County will help fulfill the state’s growing data center demand. Texas must become a national leader in advanced nuclear energy. By working together with industry leaders like Last Energy, we will usher in a nuclear power renaissance in the United States.”

Nuclear energy is not a major source of power in Texas. In 2023, the state’s two nuclear power plants generated about 7% of the state’s electricity, according to the U.S. Energy Information Administration. Texas gains most of its electricity from natural gas, coal, wind, and solar.

Trending News