big praise

ExxonMobil’s Low Carbon Solution president makes inaugural TIME100 Climate list

The Houston-based executive makes the list of along with John Kerry, Bill Gates, and more. Photo via exxonmobil.com

A Houston energy executive has made the cut on an inaugural ranking of top climate action leaders.

TIME magazine’s first-ever TIME100 Climate list, which highlights “100 of the world’s most influential leaders driving climate action in business,” and ExxonMobil’s president of Low Carbon Solution business Dan Ammann has made it onto the list.

“The real credit goes to the ExxonMobil Low Carbon Solutions team for the progress we’ve made so far,“ Amann says in a LinkedIn post. “It’s great to see the world recognizing that ExxonMobil has a major role to play in accelerating the world’s path to net zero.”

The list also includes John Kerry, the U.S. Special Presidential Envoy for Climate; Bill Gates, founder of Breakthrough Energy Ventures; and others.

Some of ExxonMobil’s recent highlights include the announcement of a plan to become a leading supplier of lithium to support electric vehicles, reaching a new milestone in the volume of CO2 emissions that the company agreed to store for industrial customers along the U.S. Gulf Coast – up to 5 million metric tons per year, expanded ability to further reduce emissions by acquiring the largest CO2 pipeline network in the U.S.C, and working on building the world’s largest low-carbon hydrogen plant in Baytown, which is outside of Houston.

“It’s great to be included in this prestigious list and I’m proud of the team’s efforts to advance real solutions that will help reduce the world’s emissions,” Ammann says in ExxonMobil's news release.

He joined ExxonMobil in 2022 following a career in Silicon Valley as CEO of Cruise, as well as stops in Detroit as president of General Motors and on Wall Street when he was managing director at Morgan Stanley.

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A View From HETI

Sage Geosystems has raised a $97 million Series B. Photo via sagegeosystems.com.

Houston-based geothermal energy startup Sage Geosystems has closed its Series B fundraising round and plans to use the money to launch its first commercial next-generation geothermal power generation facility.

Ormat Technologies and Carbon Direct Capital co-led the $97 million round, according to a press release from Sage. Existing investors Exa, Nabors, alfa8, Arch Meredith, Abilene Partners, Cubit Capital and Ignis H2 Energy also participated, as well as new investors SiteGround Capital and The UC Berkeley Foundation’s Climate Solutions Fund.

The new geothermal power generation facility will be located at one of Ormat Technologies' existing power plants. The Nevada-based company has geothermal power projects in the U.S. and numerous other countries around the world. The facility will use Sage’s proprietary pressure geothermal technology, which extracts geothermal heat energy from hot dry rock, an abundant geothermal resource.

“Pressure geothermal is designed to be commercial, scalable and deployable almost anywhere,” Cindy Taff, CEO of Sage Geosystems, said in the news release. “This Series B allows us to prove that at commercial scale, reflecting strong conviction from partners who understand both the urgency of energy demand and the criticality of firm power.”

Sage reports that partnering with the Ormat facility will allow it to market and scale up its pressure geothermal technology at a faster rate.

“This investment builds on the strong foundation we’ve established through our commercial agreement and reinforces Ormat’s commitment to accelerating geothermal development,” Doron Blachar, CEO of Ormat Technologies, added in the release. “Sage’s technical expertise and innovative approach are well aligned with Ormat’s strategy to move faster from concept to commercialization. We’re pleased to take this natural next step in a partnership we believe strongly in.”

In 2024, Sage agreed to deliver up to 150 megawatts of new geothermal baseload power to Meta, the parent company of Facebook. At the time, the companies reported that the project's first phase would aim to be operating in 2027.

The company also raised a $17 million Series A, led by Chesapeake Energy Corp., in 2024.

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