now in HOU

Breaking news: ExxonMobil's HQ officially changed to Houston

ExxonMobil is officially HQ-ed in Houston — according to a recent SEC filing. Photo via ExxonMobil.com

As of this month, ExxonMobil's headquarters is officially Houston, according to a recent filing.

ExxonMobil's company page on the United States Securities and Exchange Commission now lists its new Houston-area address — 22777 Springwoods Village Parkway in Spring. While the ExxonMobil's site still lists it's Irving, Texas, address, the SEC filing dated July 5 marks a significant step toward the HQ move that Exxon originally announced in early 2022.

In the initial announcement, the company disclosed that the move, which will combine its chemical and refining divisions, will be completed by 2023. ExxonMobil’s Spring office was opened by former CEO Rex Tillerson in 2014.

With the relocation announcement, ExxonMobil became Houston’s 25th Fortune 500 headquarters, the third highest concentration in the country, after New York and Chicago, per the Greater Houston Partnership. It's slated to be the largest Fortune 500 company to be headquartered in the Houston region, ranking No. 10 in the 2021 listing based on $181.5 billion revenues in 2020.

“ExxonMobil’s move further solidifies Houston’s position as the Energy Capital of the World," the Greater Houston Partnership noted in a January 31 statement. "ExxonMobil is a key participant in our Houston Energy Transition Initiative, and we look forward to working with the company as we continue to position Houston to lead the energy transition to a low-carbon future."

Since the announcement, ExxonMobil has grown its Houston presence by signing on as a founding partner at the Ion, a Midtown Houston 266,000-square-foot building developed and managed by Rice Management Company, last summer. The company joins existing Ion founding partners Aramco, Chevron Technology Ventures, Baker Botts, and Microsoft, as well as affiliate partners bp and Intel. The company joins the Ion "to help develop solutions for the world’s emerging energy issues," per the June 13 news release.

“ExxonMobil has been a leader in energy technology for over a century. Collaboration is essential to both augment our capabilities and accelerate the development of scalable solutions,” said Linda DuCharme, president of ExxonMobil Technology and Engineering Company, in the release. “Our partnership with The Ion will enable us to tap into the extraordinary talent in Houston.”

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A View From HETI

A View From UH

ACCEL has opened applications for next year. Photo via Getty Images

Calling all cleantech startups founded by innovators of color — an inclusive accelerator program is now accepting applications.

Advancing Climatetech and Clean Energy Leaders Program, or ACCEL, has opened applications for it's second cohort. The program — from Greentown Labs and Browning the Green Space — provides access to funding, networking connections, incubation space, mentorship, resources, and opportunities for energy tech founders of color for a year.

“ACCEL is one of the most impactful, meaningful programs we’ve run to date,” Greentown Labs CEO and President Kevin Knobloch says in a news release. “We are eager to expand upon the great success and momentum of year one, and to welcome another incredible cohort of BIPOC-led startups that are developing much-needed climatetech solutions. We’re equally committed to helping these companies accelerate and deploy their solutions, while also helping to build a more diverse, inclusive climatetech workforce—ACCEL sits at the nexus of those two critical efforts.”

The program, supported by the Massachusetts Clean Energy Center, accelerated six startups this year — Active Surfaces, DrinKicks, EarthBond, florrent, frakktal, and SpadXTech.

“The ACCEL Program directly aligns with our mission to ensure that climatetech jobs and wealth creation opportunities are available to all residents of the Commonwealth,” Emily Reichert, CEO at MassCEC and former CEO at Greentown, says in the release. “We are excited to see the second round of this important program, with our Equity Workforce Fund support fostering a partnership between Greentown Labs and Browning the Green Space aimed at accelerating the growth of minority and women business enterprises in Massachusetts.”

ACCEL, which doles out $25,000 in non-dilutive grant funding to each participant, is also supported by Boston-based Barr Foundation and provides programming from VentureWell, a nonprofit with expertise in climatetech.

“Through our partnership with Greentown and VentureWell, we are able to put our respective strengths together to create an ambitious program to bolster founders of color in climatetech and propel innovations that benefit communities most impacted by climate change,” Kerry Bowie, executive director and president of Browning the Green Space, says in the release. “Opening applications for Year 2 of ACCEL is an important milestone in strengthening critical support for traditionally excluded entrepreneurs in our communities.”

Applications for ACCEL are open until January 5, 2024. While entrepreneurs from anywhere can apply, preference will be given to applicants in Greater Boston and Greater Houston, where Greentown’s incubators are located.

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