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Energy transition opportunities are heading to Texas and beyond, according to these experts

At a recent event in Houston, energy transition experts shared opportunities in renewables and sustainability. Photo by Lindsey Ferrell/EnergyCapital

The energy industry in Houston, Texas, and beyond is gearing up for new opportunities within the energy transition, as a recent Houston event and its lineup of experts shared.

At the inaugural ENERGYEAR USA 2023, panelists outlined how their companies are opting into a more personable approach to building sustainable energy solutions – and sustainable communities.

“Most of our renewable projects are in very rural areas. We come to communities that don’t have enough money to invest in their schools, their kids. There’s not a lot of opportunity,” explains David Carroll, chief renewables officer and senior vice president of the North America region for Engie.

“We come in and invest a lot in the construction phase, but after that, we have workers that live there. We are often one of the largest taxpayers in that area,” Carroll continues. “We can provide them cash profit, provide them the tax base, so that we can help provide a future in many of these rural communities that were struggling before we got there.”

Engie, which has closed several coal plants globally ahead of schedule to work toward meeting their commitment to Net Zero by 2045, isn’t the only organization that emphasizes purpose in its pursuit of energy equity.

Power Electronics, the global leader in renewable energy storage, finds purpose through re-purposing field technicians. For the past five years, the organization has transformed talent with electrical equipment experience from the oil and gas industry into renewables. The company doesn’t plan on slowing down, either.

“We are proud to announce here today [that over] the next two years, we will create more than 500 jobs as the largest ever manufacturer of solar inverter and intermediate scale battery inverters in the U.S.,” shares David Salvo, CEO of Power Electronics. “We start manufacturing EV chargers in Houston later this year and are committed to U.S. manufacturing job creation.”

The company saw a need for setting up a Texas manufacturing facility to support growth and was impressed by the volume of Houston talent possessing a deep understanding of both mechanical and electrical equipment from their tenure in upstream oil and gas.

“It is easier to find people here [like that] than anywhere else,” Salvo tells EnergyCapitalHTX. “That is a fact.”

Explosive growth for the region has barely even begun, with expected investments in Texas alone exceeding $60 billion dollars in large scale renewables.

“Because of these investments that we are making, we are able to create good paying jobs… and meet climate goals of getting to a Net Zero economy by 2050,” Jeff Marootian, U.S Department of Energy senior advisor, tells Katie Mehnert, CEO of Ally Energy and DOE Ambassador, during their fireside chat.

“Partnership between government and private sector, ultimately, is creating these opportunities,” Marootian says. “Our challenge is to help identify, help train, help build up that generation of workforce.”

As a final note on the trifecta of purpose, partnering, and governance, Erika Bierschbach, vice president of energy market operations and resource planning for Austin Energy, challenges the power and utilities industry to embrace statistical models over deterministic ones when forecasting energy supply and demand. The upstream oil and gas sector embraced this practice years ago to improve production optimization processes.

On the subject of green energy employment, a recent report found that Houston is a successful hub when it comes to clean energy jobs. SmartAsset, a personal finance website, recently ranked the Houston metro area as the fifth best place in the U.S. for green jobs, which pay an average of 21 percent more than other jobs. And actually, the study found that 2.23 percent of workers in the Houston area hold down jobs classified as “green.”

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A View From HETI

Michael Wortley, Joulent's new CFO, and Corey Grindal, the company's new COO. Photos courtesy Joulent

Houston-based energy infrastructure startup Joulent has brought aboard a new chief financial officer and new chief operating officer—both former executives at Houston-based Cheniere Energy.

The C-suite moves come three months after Joulent raised $1.75 billion from National Grid Ventures.

Michael Wortley joins Joulent as co-president and CFO. Wortley most recently was executive vice president and CFO at Cheniere, an LNG producer and exporter.

In conjunction with Wortley’s hiring, Brian Boland, who was Joulent’s interim CFO, has been named executive vice president, chief investment officer, and head of strategy.

Corey Grindal comes to Joulent as co-president and COO. Grindal most recently was executive vice president and COO at Cheniere.

“As Joulent evolves to meet the growing demand for power infrastructure, our expanded leadership team will help ensure we continue delivering the execution certainty our customers, partners, and investors expect,” Chris James, Joulent’s founder and CEO, said in a press release.

“Corey and Michael are accomplished operators with exceptional records of building and leading world-class energy infrastructure businesses, where they have embedded a culture defined by operational excellence and disciplined execution,” James added.

Joulet builds dedicated power-generating facilities that feed directly into data centers and other power-dependent facilities. This eliminates the need for companies to draw power from grids.

“With an initial multi-gigawatt development portfolio and strategic partnerships across the energy, infrastructure, and data center ecosystem, Joulent is helping remove power constraints to enable the next chapter of American innovation and U.S. reindustrialization,” the company says.

The $1.75 billion minority investment from National Grid Ventures complements Joulent’s existing partnerships.

Joulent, founded in 2023, emerged from stealth mode this summer. Cambridge, Massachusetts-based GE Vernova, a provider of energy equipment and services, and investment firm Engine No. 1 formed Joulent.

Joulent’s first project, the Project Kilby natural gas facility in West Texas, will be co-located with a Microsoft data center. It’ll deliver about 2.67 gigawatts of power under a 20-year deal between Microsoft and Energy Forge One, a subsidiary of Houston-based Chevron. Engine No. 1 and Chevron teamed up to build the plant.

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