taking notes

3 things to know: DOE funds Houston cos., events not to miss, and award winners named

Houston companies score federal funding for energy transition projects — and more things to know this week. Photo via Getty Images

Editor's note: Dive headfirst into the new week with three quick things to catch up on in Houston's energy transition.

Events not to miss

Put these Houston-area energy-related events on your calendar.

Big winners: GRIT Awards names honorees

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. Click here to read the full list of winners.

Fresh funding: 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.

Another Houston company, RPS Expansion LLC, has received $9 million from the DOE to expand the River Parish Sequestration Project. Following the expansion, the project will be able to store up to 384 million metric tons of carbon dioxide. The CCUS hub is between Baton Rouge and New Orleans. Click here for more details about the two projects.

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A View From HETI

SunPower is expanding its solar and VPP business in Texas. Photo via Unsplash

Utah-based solar technology and battery storage company SunPower has announced its expansion into Texas by acquiring “prime project assets” from Houston installer Green Light Solar.

As part of the deal, Green Light Solar CEO James Garrett will lead SunPower’s U.S. installation group. Garrett is based in the Houston area, according to LinkedIn.

Green Light Solar focuses on residential and commercial solar installations, battery backups and whole-home generators throughout Texas, Louisiana, Oklahoma and Colorado. As of press time, SunPower had not disclosed which specific projects or assets were included in the acquisition.

In addition to the Green Light acquisition, SunPower also announced its second strategic partnership with Fort Worth-based SOLRITE Energy, which provides solar and battery project financing and virtual power plant capabilities.

Through the partnership, SunPower plans to expand its residential solar and battery storage business and grow its virtual power plant (VPP) network in Texas.

A virtual power plant is a network of connected energy sources that can supply electricity to the grid when demand is high. The network draws on energy stored in individual residential and commercial battery systems. VPPs can also help participating homeowners generate additional revenue by selling their stored power.

“SOLRITE not only sources projects to us but also provides project funding for innovative systems with large batteries connected to a VPP, enabling power sales into the open market,” T. J. Rodgers, SunPower CEO, said in a news release. “That VPP capability provides an extra source of income that SOLRITE shares with homeowners and EPCs, making SOLRITE an attractive partner.”

SunPower will bring its sales, installation and lifetime warranty support to the partnership, while SOLRITE will provide its virtual power plant platform and solar financing capabilities, according to the release.

"Building our VPP business is a key part of SunPower’s growth strategy going forward,” Kapil Rai, EVP of Direct at SunPower, added in the release. “Our partnership with SOLRITE gives us a path to bring together customer acquisition, solar, storage deployment, and financing to develop this business in Texas and beyond.”

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