The View from HETI

Introducing the Houston Energy Transition Initiative

“HETI’s objective is to create a vision and a blueprint for growing the region’s economy, exporting low-carbon products and expertise, equitably creating new jobs, and helping the city of Houston achieve the goals of its Climate Action Plan.” Image via htxenergytransition.org

For over 100 years, Houston has long been considered the energy capital of the world. With newer, cleaner energy initiatives on the rise, Houston is poised to continue with the title.

The economic vitality and growth of our region’s economy is inextricably tied to the energy industry, and the industry is changing rapidly to meet growing global energy demand while simultaneously lowering emissions. The Greater Houston Partnership’s Houston Energy Transition Initiative (HETI) builds on the best of traditional energy skills and systems to leverage Houston’s industry leadership to accelerate global solutions for an energy-abundant, low-carbon future.

“HETI’s objective is to create a vision and a blueprint for growing the region’s economy, exporting low-carbon products and expertise, equitably creating new jobs, and helping the city of Houston achieve the goals of its Climate Action Plan,” said Jane Stricker, Senior Vice President Energy Transition and Executive Director of HETI. “There is no geography in the world better positioned than Houston to lead the transition to and integration of abundant, low-carbon energy solutions.”

HETI harnesses Houston's industry leadership as well as capitalizes on traditional energy expertise and infrastructure to facilitate worldwide solutions for an energy abundant, low-carbon future. Over the last two years, HETI’s developed a strategic plan and fully launched this strategy to help companies meet the dual challenge.

"Houston has both the opportunity and a responsibility to lead the transition. It is our opportunity to embrace, and our challenge to solve. And when we are successful, we will be creating opportunity for the generations of Houstonians to come," said Bobby Tudor, Chair, Houston Energy Transition Initiative

HETI has formed working groups dedicated to driving progress in key sectors where Houston holds a strategic edge. These active sector-specific working groups are: CCUS, Capital Formation, Power Management, Clean Hydrogen, and Industry Decarbonization. All these groups are working closely with HETI members to accelerate solutions to help take on the dual challenge of meeting the world's increasing energy needs, while also reducing CO2 emissions.

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The Greater Houston Partnership's Houston Energy Transition Initiative, or HETI, exists to support Houston's future as an energy leader. For more information about the Houston Energy Transition Initiative, EnergyCapitalHTX's presenting sponsor, visit htxenergytransition.org.

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A View From HETI

Shell is offloading another renewables business. Photo via sprngenergy.com

Reflecting its ongoing de-emphasis of renewable energy, oil and gas giant Shell has agreed to sell its solar and wind power business in India for $1.8 billion.

Aditya Birla Renewables Ltd. (ABRen) is the pending buyer of Solenergi Power Private Ltd., including the Sprng Energy group of companies. Sprng Energy develops, owns and operates utility-scale solar and wind power facilities in India.

Shell, whose U.S. headquarters is in Houston, acquired Solenergi in 2022 for $1.55 billion.

ABRen is Aditya Birla Group’s renewable energy platform. Global Infrastructure Partners, part of asset manager BlackRock, is a strategic investor in ABRen. ABRen develops and operates solar, wind, hybrid and battery storage projects in India.

“This agreement reflects Shell’s continued focus on adjusting the portfolio in our power business,” Machteld de Haan, Shell’s president of downstream, renewables and energy solutions, said in a news release. “We are high-grading our power portfolio and recycling capital in service of our asset-backed trading strategy … This is another step in building a more focused, competitive, and resilient business while improving returns year on year towards 2030.”

Under Wael Sawan, who was named CEO of Shell in 2023, the company has moved away from large-scale, low-yield green energy projects to concentrate on high-margin sectors. Those sectors include natural gas, LNG, deep-water drilling and global energy trading.

The Solenergi deal, expected to close by the end of this year, signals yet another move in Shell’s reassessment of its renewables business. The company has said it will no longer invest in offshore wind projects, but it remains committed to becoming a net-zero emissions business by 2050.

Shell said India remains an important market. In India, Shell offers LNG supply and regasification for downstream users, and also operates Shell Mobility and Shell Lubricants.

The proposed sale of the Indian renewables business continues Shell’s decreasing focus on renewables. In October, Shell exited Atlantic Shores Offshore Wind, a 50-50 joint venture created to offshore wind projects off the coast of New Jersey and New York.

Shell has declared it will not make new investments in offshore wind generation, favoring existing ventures and the expansion of EV charging infrastructure.

The company also announced plans to shut down its Volta C electric vehicle charging business in August 2025.

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