new hires

Houston energy financial firm names new execs

Jason Kivett and Robyn Underwood join Houston-based energy finance firm Pickering Energy Partners. Photo courtesy of PEP

A firm focused on financial services within the energy sector has named two former Barclays investment bankers to its team.

Pickering Energy Partners announced that Jason Kivett and Robyn Underwood will join PEP to lead its traditional Energy Investment Banking Practice as managing directors. The team Kivett and Underwood join focuses on traditional oil and gas and will partner with the existing Renewables and Energy Transition advisory team, per a news release.

"Our clients turn to us for our dedication to the energy sector, and our ability to get deals done," Dan Pickering, chief investment officer of Pickering Energy Partners, says in a news release. “As the industry seeks more innovative financial solutions than ever before, our team is ready to support that demand."

With the expansion of this team, PEP has more than doubled its M&A advisory and capital raising team and its advisers worked on over $100 billion in transactions across corporate mergers, acquisitions, and more.

PEP also announced that Osmar Abib has joined the PEP Advisory Board. He worked over two decades with Credit Suisse and served most recently as the chairman of the Global Energy Group based in Houston and New York.

Another addition to the firm’s expanding investment banking platform, Osmar Abib joins the PEP Advisory Board. Abib provides rich market insights based on his experience as the former Global Head of Energy Investment Banking for Credit Suisse.

“Experience matters and we appreciate the deeply rooted relationships our new team members have developed over their careers,” Walker Moody, president of Pickering Energy Partners, adds in the release. “The PEP Investment Banking team knows energy, and they understand operators. We continue to play offense and bring on talented, experienced professionals to benefit our clients.”

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A View From HETI

Plus Power and the Tennessee Valley Authority are developing the Crawfish Creek Energy Storage project. Photo via pluspower.com

The Woodlands-based Plus Power announced this month that it has entered into a 20-year energy storage agreement with Tennessee Valley Authority (TVA), one of the largest public energy providers in the U.S.

Through the agreement, Plus Power and TVA will develop the Crawfish Creek Energy Storage project, a 200-megawatt / 800-megawatt-hour utility-scale battery energy storage facility in Jackson County, Alabama.

Construction on Crawfish Creek Energy Storage is expected to begin in 2028, and commercial operation is planned for the summer of 2029. The project will store electricity when demand is low and release it during peak periods, helping improve grid reliability, affordability, and energy security, according to a news release.

"Battery storage is essential to protecting the reliable, affordable electricity our region depends on to power next-generation technologies," Monika Beckner, TVA vice president, power supply & fuels, said in the release. "Projects like Crawfish Creek strengthen the Valley's energy security, improve our ability to manage extreme conditions, and help unleash American energy."

TVA selected Plus Power for the project in 2025 via a request for proposal to supply new capacity resources needed across the region. Plus Power currently owns and operates nine facilities that provide enhanced power reliability to Arizona, Hawaii, Maine, Massachusetts and Texas, totaling 1,650 megawatts/4,150 megawatt-hours. With this deal, Plus Power is entering its seventh state market and expanding into the Southeast.

"Plus Power is proud to support energy resilience in Jackson County and the Tennessee Valley, a key region for America's military, aerospace, and nuclear innovation," Brian Duncan, chief commercial officer at Plus Power, said in a news release. "Battery energy storage systems are flexible and millisecond-fast, making Crawfish Creek uniquely suited to meet the region's evolving needs. We are excited to partner with TVA to deliver a resource that supports economic expansion while strengthening American energy dominance and security.”

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