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

Shell has entered a 15-year agreement to be the first offtaker to receive electrons from Fervo Energy's flagship geothermal development in Beaver County, Utah, known as Cape Station. Photo via fervoenergy.com

Beginning in 2026, Shell will be able to apply 31 megawatts of 24/7 carbon-free geothermal power to its customers thanks to a new 15-year power purchase agreement with Houston next-gen geothermal development company Fervo Energy.

“This agreement demonstrates that Fervo is stepping up to meet the moment,” Dawn Owens, VP, Head of Development & Commercial Markets at Fervo, said in a news release.

Shell will become the first offtaker to receive electrons from Fervo's flagship geothermal development in Beaver County, Utah’s Phase I of Cape Station. Cape Station is currently one of the world’s largest enhanced geothermal systems (EGS) developments, and the station will begin to deliver electricity to the grid in 2026.

Cape Station will increase from 400 MW to 500 MW, which is considered by the company a major accomplishment due to recent breakthroughs in Fervo’s field development strategy and well design. Fervo is now able to generate more megawatts per well by optimizing well spacing using fiber optic sensing, increasing casing diameter and implementing staggered bench development. This can allow for a 100 MW capacity increase without the need for additional drilling, according to the company.

With the addition of the new Shell deal, all 500 MW of capacity from Fervo’s Cape Station are now fully contracted. The deal also includes existing agreements, like Fervo’s PPAs with Southern California Edison and an expanded deal with Clean Power Alliance that adds 18 MW of carbon-free geothermal energy to the company’s existing PPA with Fervo.

“As customers seek out 24/7 carbon-free energy, geothermal is clearly an essential part of the solution,” Owens said in the release.

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