reforestation station

Houston energy company triples down on funding to tree planting nonprofit with $1M total impact

For the third time, the Baker Hughes Foundation has granted funding to One Tree Planted, totalling its impact to $1 million toward reforestation. Photo via

Baker Hughes has doled out another grant for an organization that's growing a global impact.

The Baker Hughes Foundation announced its third grant to One Tree Planted, which is hoping to put 1 million new trees into the ecosystems of 17 countries. The foundation initially donated $250,000 to the organization in 2021 and followed up with a $350,000 grant in 2022. This most recent contribution, which was announced this week, did not disclose the monetary amount.

“This milestone speaks to our commitment to environmental sustainability, and I want to recognize the contributions of our employees, who last year came together across the world to plant trees in the areas where we work and live,” Baker Hughes Chairman and CEO Lorenzo Simonelli says in a news release. “I am grateful for their continued dedication to our sustainability goals and am inspired by what we and One Tree Planted can accomplish together.”

According to the company, Baker Hughes Foundation has contributed an impact of $1 million to One Tree Planted over the past three years. Its 2021 grant resulted in planting 268,000 trees, and in 2022, 350,000 trees were planted. With this latest grant, Baker Hughes adds 382,000 trees to that tally, targeting several areas where the company has a business presence, including the Andes region of South America; British Columbia, Canada; China; France; Germany; Scotland; and Texas, U.S.

“We all have a role to play in protecting the environment and combating climate change, and we admire the Baker Hughes Foundation’s continued dedication to being a force for good,” Matt Hill, founder of One Tree Planted, adds in the release. “With the Baker Hughes Foundation’s impressive commitment to giving back to the environment by planting 1 million trees to date, we are making a powerful impact for nature and communities in 17 countries around the world.”

Last month, the Baker Hughes Foundation doled out a $100,000 grant to the University of Houston Energy Transition Institute. The funding reportedly will work towards the ETI’s goals to support workforce development programs, and environmental justice research. The program addresses the impact of energy transition solutions in geographical areas most-affected by environmental impacts.

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A View From HETI

LiNova will use the funds to advance its polymer cathode battery technology. Photo via Getty Images

A California startup that's revolutionizing polymer cathode battery technology has announced its series A round of funding with support from Houston-based energy transition leaders.

LiNova Energy Inc. closed a $15.8 million series A round led by Catalus Capital. Saft, a subsidiary of TotalEnergies, which has its US HQ in Houston, and Houston-based Chevron Technology Ventures, also participated in the round with a coalition of other investors.

LiNova will use the funds with its polymer cathode battery to advance the energy storage landscape, according to the company. The company uses a high-energy polymer battery technology that is designed to allow material replacement of the traditional cathode that is made up of cobalt, nickel, and other materials.

The joint development agreement with Saft will have them collaborate to develop the battery technology for commercialization in Saft's key markets.

“We are proud to collaborate with LiNova in scaling up its technology, leveraging the extensive experience of Saft's research teams, our newest prototype lines, and our industrial expertise in battery cell production," Cedric Duclos, CEO of Saft, says in a news release.

CTV recently announced its $500 million Future Energy Fund III, which aims to lead on emerging mobility, energy decentralization, industrial decarbonization, and the growing circular economy. Chevron has promised to spend $10 billion on lower carbon energy investments and projects by 2028.

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