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Houston rolls out discounts on solar installation to move the needle on lower-carbon options

Houstonians, here's your sign to score solar panels at a discount. Photo by Kindel Media/Pexels

A city of Houston initiative is offering a discounted rate for solar panel installation for homeowners and small businesses.

This year's Solar Switch Houston deal produces an average savings of $5,315 for each Houstonian who registers with Solar Switch, according to a news release from the city, which partnered with the nonprofit Solar United Neighbors. It's the third time the organizations have teamed up to provide the discount.

“We had great success with the first two rounds of Solar Switch Houston where residents were provided with a trusted information source and a substantial group discount,” City of Houston Interim Chief Resilience and Sustainability Officer Nicholas Hadjigeorge says in the release. “I am confident that the savings attained in the third round of the program will play a crucial role for residents deciding if solar is the right choice."

The organization vetted solar installers, factoring in "product quality, warranties, company financial stability, and history of customer satisfaction," per the news release. These installers then participated in a reverse auction to provide the discounted services. Those interested in learning more can head to SolarSwitch.com/Houston.

"Everyone deserves to benefit from generating their own solar energy. That’s why we designed Solar Switch – to make installing solar affordable and straightforward for more Houstonians than ever before," America Garcia, Texas program director for Solar United Neighbors, says in the release. "I’m excited to see how much we can broaden the reach and benefits of solar group buying with the continuation of Solar Switch Houston."

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A View From HETI

The combined technology portfolios will accelerate the introduction of promising early-stage decarbonization technology. Photo via Getty Images

SLB announced its plans to combine its carbon capture business with Norway company, Aker Carbon Capture.

Upon completion of the transaction, which is expected to close by the end of the second quarter of this year, SLB will own 80 percent of the combined business and ACC will own 20 percent.

According to a SLB news release, the combined technology portfolios will accelerate the introduction of promising early-stage decarbonization technology.

“For CCUS to have the expected impact on supporting global net-zero ambitions, it will need to scale up 100-200 times in less than three decades,” Olivier Le Peuch, CEO of SLB, says in the release. “Crucial to this scale-up is the ability to lower capture costs, which often represent as much as 50-70% of the total spend of a CCUS project.

The International Energy Agency estimates that over one gigaton of CO2 every year year will need to be captured by 2030 — a figure that scales up to over six gigatons by 2050.

"We are excited to create this business with ACC to accelerate the deployment of carbon capture technologies that will shift the economics of carbon capture across high-emitting industrial sectors,” Le Peuch continues.

SLB is slated to pay NOK 4.12 billion — around $379.4 million — to own 80 percent of Aker Carbon Capture Holding AS, which owns ACC, per the news release, and SLB may also pay up to NOK 1.36 billion over the next three years, depending on business performance.

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