shine on

Global real estate manager to tap into solar energy to power Houston portfolio

Brookfield Properties announced plans to power its Houston properties with solar energy by 2026. Photo via brookfieldproperties.com

Commercial real estate manager Brookfield Properties, a major office landlord in Houston, is plugging into solar energy to power its local portfolio.

The New York City-based company plans to rely on a new-build solar power plant to supply all of the electricity for its 10.3 million-square-foot, 10-building office portfolio in the Houston area. Brookfield’s key properties here include:

  • The 3.1 million-square-foot Allen Center complex
  • The more than 1.1 million-square-foot Heritage Plaza
  • The 1.1 million-square-foot 1600 Smith Street tower
  • The nearly 850,000-square foot TotalEnergies Tower

Laura Montross, vice president of communications for Brookfield Properties, tells Realty News Report that the solar power plant will be operating by 2026.

Each year, the company’s Houston portfolio uses about 90,000 megawatt-hours of electricity, “which is unlikely to take up the total capacity of a new solar power plant,” she says, “so the excess capacity will be available to other buyers or the utility grid operator for purchase.”

Montross says Brookfield is in talks with several developers of solar power plants about the Houston project, but neither a site nor a contractor has been chosen yet.

Brookfield announced June 28 that its entire U.S. office portfolio will run on zero-emissions electricity by 2026. The switch is expected to reduce carbon emissions within the more than 70-million-square-foot portfolio by about 80 percent.

“Instead of taking incremental steps or waiting for others to act, we are completely transforming how we power office buildings throughout the United States,” Ben Brown, managing partner of Brookfield Real Estate, says in a news release.

Brookfield Properties says electricity for the nationwide office portfolio will come from four sources: hydropower (49 percent), solar and wind power (33 percent), and nuclear power (18 percent). Outside Houston, the company maintains a large office presence in the New York City, Los Angeles, Denver, and Washington, D.C. markets.

“Not only will [this strategy] significantly advance our goal of transitioning our entire portfolio to net zero carbon,” Brown says, “but also we are confident that both the increased demand for zero-emissions electricity it will create and the industry precedence it will set will be a game-changer for how state-of-the-art office buildings are powered throughout the country.”

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A View From HETI

Envana Software Solutions' tech allows an oil and gas company to see a full inventory of greenhouse gases. Photo via Getty Images

Houston-based Envana Software Solutions has received more than $5.2 million in federal and non-federal funding to support the development of technology for the oil and gas sector to monitor and reduce methane emissions.

Thanks to the work backed by the new funding, Envana says its suite of emissions management software will become the industry's first technology to allow an oil and gas company to obtain a full inventory of greenhouse gases.

The funding comes from a more than $4.2 million grant from the U.S. Department of Energy (DOE) and more than $1 million in non-federal funding.

“Methane is many times more potent than carbon dioxide and is responsible for approximately one-third of the warming from greenhouse gases occurring today,” Brad Crabtree, assistant secretary at DOE, said in 2024.

With the funding, Envana will expand artificial intelligence (AI) and physics-based models to help detect and track methane emissions at oil and gas facilities.

“We’re excited to strengthen our position as a leader in emissions and carbon management by integrating critical scientific and operational capabilities. These advancements will empower operators to achieve their methane mitigation targets, fulfill their sustainability objectives, and uphold their ESG commitments with greater efficiency and impact,” says Nagaraj Srinivasan, co-lead director of Envana.

In conjunction with this newly funded project, Envana will team up with universities and industry associations in Texas to:

  • Advance work on the mitigation of methane emissions
  • Set up internship programs
  • Boost workforce development
  • Promote environmental causes

Envana, a software-as-a-service (SaaS) startup, provides emissions management technology to forecast, track, measure and report industrial data for greenhouse gas emissions.

Founded in 2023, Envana is a joint venture between Houston-based Halliburton, a provider of products and services for the energy industry, and New York City-based Siguler Guff, a private equity firm. Siguler Gulf maintains an office in Houston.

“Envana provides breakthrough SaaS emissions management solutions and is the latest example of how innovation adds to sustainability in the oil and gas industry,” Rami Yassine, a senior vice president at Halliburton, said when the joint venture was announced.

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