$1.8B energy storage deal, events not to miss, and other things to know in Houston news this week
Editor's note: It's a new week — start it strong with three quick things to know in Houston's energy transition ecosystem: events not to miss, a podcast to stream, and more.
Must-attend energy transition events
Put these upcoming events on your radar.
- October 30-31 — Fuze is a must-attend event for executives, investors, and founders serious about solving the energy crisis and boosting company efficiency. Learn more.
- November 1 — The Greentown Labs Climatetech Summit 2023 will feature energy transition startups, thought leaders, and more both in person and online. Learn more.
- November 8 — The Houston Innovation Awards will honor the city's startups, entrepreneurs, and ecosystem, including energy tech innovators. Learn more.
Deal of the week: Houston-based Plus Power secures $1.8B in financing
A Houston company that develops standalone battery energy storage systems has reportedly secured $1.8 billion in new financing for a handful of ongoing projects — most of which are in Texas.
"Over the last year, Plus Power has raised an unparalleled amount of capital for standalone storage projects from a wide range of leading energy project finance banks and investors," Josh Goldstein, CFO of Plus Power, says in a news release. "This capital will support the ongoing buildout of the largest and most diverse portfolio of standalone storage projects in the U.S. The scale highlights our first-mover advantage in bringing high-quality projects to market as well as the tremendous work by our fantastic team."
The funding will be distributed to the following projects, which are expected to have a total of 1,040 megawatts of capacity. Read more.
To stream: Kelsey Hultberg of Sunnova Energy on the Houston Innovators Podcast
Several years ago, Kelsey Hultberg decided to make a pivot. Looking for a role with career growth opportunities, the communications professional thought she'd find something at an oil and gas company, but then she met John Berger, founder and CEO of Sunnova, who was looking for someone to stand up their communications team amidst the solar energy company's growth.
"He hooked me," Hultberg shares on the Houston Innovators Podcast. "He said, 'I've got big plans for this company. I see where this energy industry is going, I see that we're prime for a transition, and I want to take this company public.' And I started a few weeks later."
Hultberg has been telling the story for Sunnova — which equips customers with solar and storage technology, providing them with energy independence — ever since, through scaling, new technologies, and its IPO in 2019. Read more.