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 onetreeplanted.org

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

U.S. Rep. Morgan Luttrell, a Magnolia Republican, and Hertha Metals founder and CEO Laureen Meroueh toured Hertha’s Conroe plant in August. Photo courtesy Hertha Metals/Business Wire.

Conroe-based Hertha Metals, a producer of substantial steel, has hauled in more than $17 million in venture capital from Khosla Ventures, Breakthrough Energy Fellows, Pear VC, Clean Energy Ventures and other investors.

The money has been put toward the construction and the launch of its 1-metric-ton-per-day pilot plant in Conroe, where its breakthrough in steelmaking has been undergoing tests. The company uses a single-step process that it claims is cheaper, more energy-efficient and equally as scalable as conventional steelmaking methods. The plant is fueled by natural gas or hydrogen.

The company, founded in 2022, plans to break ground early next year on a new plant. The facility will be able to produce more than 9,000 metric tons of steel per year.

Hertha said in a news release that its process, which converts low-grade iron ore into molten steel or high-purity iron, “doesn’t just materially lower cost and energy use — it fundamentally expands our capacity to produce iron and steel at scale, by unlocking a wider range of iron ore feedstocks.”

Laureen Meroueh, founder and CEO of Hertha, says the company’s process will fill a gap in U.S. steel production.

“We’re not just reinventing steelmaking; we’re redefining what’s possible in materials, manufacturing, and national resilience,” Meroueh says.

Hertha says it’s in talks with magnet producers — which make permanent magnets and magnetic assemblies from raw materials such as iron — to become a U.S. supplier of high-purity iron. In its next stage of growth, Hertha will aim to operate at a capacity of 500,000 metric tons of steel production per year.

The company won the Department of Energy's Summer Energy Program for Innovation Clusters (EPIC) Startup Pitch Competition last summer. Read more here.

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