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.

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A View From HETI

Nightpeak Energy's Bocanova Power project in Brazoria County has reached commercial operation. Photo courtesy Nightpeak Energy.

Oakland, California-based Nightpeak Energy announced earlier this month that its 150-megawatt battery storage project in Brazoria County, known as Bocanova Power, is now operating to address Houston’s peak capacity needs.

“This battery storage project will enhance grid reliability in the Alvin area while continuing to support integrating renewable energy,” Cary Perrin, president and CEO of the Northern Brazoria County Chamber of Commerce, said in a news release. “I believe we need energy storage now more than ever for its pivotal role in reducing strain on the grid while meeting fast-growing power demand in Texas and Brazoria County."

The project reached commercial operation in August, according to the release. The project utilizes Tesla's Megapack 2 XL battery storage system, and the facility operates under a long-term power purchase agreement with an undisclosed “investment-grade power purchaser.”

“Bocanova Power demonstrates the speed at which Nightpeak Energy is overcoming complex challenges to energize projects that support America's growing need for affordable, reliable, and secure energy,” Paris Hays, co-founder and CEO/CDO of Nightpeak Energy, added in the news release. “Unprecedented AI data center and manufacturing growth has only accelerated the need for these resources.”

Hays added in the release that the company has plans for more energy infrastructure projects in Texas and in the Western U.S.

Nightpeak Energy develops, owns and operates power plants that support the growing capacity needs of a decarbonized grid. It also owns and operates 240 MW of battery storage and natural gas generation facilities.

The company was founded in 2022 and backed by equity funding of up to $200 million from Dallas-based investment firm Energy Spectrum Capital.

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