Editor's note: From DOE's deployment of CCUS funding to sustainability founders weighing in on their biggest challenges, these are the top headlines that resonated with EnergyCapital readers on social media and daily newsletter this week.
DOE dishes out funding to 2 Houston carbon caption projects
In all, DOE recently allocated $518 million to 23 CCUS projects in the U.S. Photo via Getty Images
Two Houston companies have received federal funding to develop carbon capture and storage projects.
Evergreen Sequestration Hub LLC, a partnership of Houston-based Trace Carbon Solutions and Jacksonville, Mississippi-based Molpus Woodlands Group, got more than $27.8 million from the U.S. Department of Energy for its Evergreen Sequestration Hub project in Louisiana. DOE says the project is valued at $34.8 million.
The hub will be built on about 20,000 acres of timberland in Louisiana’s Calcasieu and Beauregard parishes for an unidentified customer. It’ll be capable of storing about 250 million metric tons of carbon dioxide. Continue reading.
Houston organization names annual energy industry award winners
ALLY Energy's eighth annual GRIT Awards and Best Energy Workplaces named its winners this week across nine categories plus several people's choice winners. Photo via ALLY Energy/LinkedIn
A Houston company identified the top players in the energy industry — with this year's honorees being recognized for their growth, resilience, innovation, and talent.
ALLY Energy's eighth annual GRIT Awards and Best Energy Workplaces named its winners this week across nine categories plus several people's choice winners.
"The GRIT Awards honor those who have shaped the industry and continue to inspire future generations. These winners have demonstrated extraordinary leadership and dedication to driving innovation across the energy landscape," says Katie Mehnert, founder and CEO of ALLY Energy, in a news release. Continue reading.
CenterPoint names 40-year industry veteran as exec for emergency response
Don Daigler will be tasked to lead CenterPoint Energy's yearly work in preparation for, response to and recovery from all emergencies, which includes both natural disasters and man-made events. Photo via CenterPoint Energy/LinkedIn
CenterPoint Energy announced the hiring of industry veteran Don Daigler as the new senior vice president of CenterPoint’s Emergency Preparedness and Response.
Daigler will be tasked to lead the company’s yearly work in preparation for, response to and recovery from all emergencies, which includes both natural disasters and man-made events. Daigler and his team will coordinate with all public safety partners.
“I’m pleased to join CenterPoint Energy and lead its Emergency Preparedness and Response team to transform how we prepare, mitigate and respond to the impacts of hurricanes, extreme weather and other emergencies,” Daigler says in a news release. ”The year-round work of our team will help position CenterPoint to deliver the service our customers expect and deserve before, during and after emergencies when the need is greatest.” Continue reading.
Port Houston secures $3M from EPA program to fund green initiatives, clean tech
The grant, funded by the federal Inflation Reduction Act, will help promote cleaner air, reduced emissions, and green jobs. Photo via Getty Images
Port Houston’s PORT SHIFT program is receiving nearly $3 million from the U.S. Environmental Protection Agency’s Clean Ports Program.
The grant, funded by the federal Inflation Reduction Act, will help promote cleaner air, reduced emissions, and green jobs.
“With its ambitious PORT SHIFT program, Houston is taking a bold step toward a cleaner, more sustainable future, and I’m proud to have helped make this possible by voting for the Inflation Reduction Act,” U.S. Rep. Sylvia Garcia says in a news release. Continue reading.
Houston's top energy transition founders explain their biggest challenges
Clockwise from top left: Sean Kelly of Amperon, Dianna Liu of ARIXTechnologies, Matthew Dawson of Elementium Materials, Vibhu Sharma of InnoVent Renewables, Cindy Taff of Sage Geosystems, and Emma Konet of TierraClimate. Photos courtesy
From finding funding to navigating the pace of traditional oil and gas company tech adoption, energy transition companies face their fair share of challenges.
This year's Houston Innovation Awards finalists in the Energy Transition category explained what their biggest challenge has been and how they've overcome it. See what they said below, and make sure to secure your tickets to the Nov. 14 event to see which of these finalists win the award. Continue reading.