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Woodside to acquire clean ammonia project outside of Houston in  $2.4B deal

seeing green

OCI broke ground on the project in 2022. Photo via oci-global.com

Woodside Energy has announced its acquiring a Beaumont, Texas, clean ammonia project that's slated to deliver its first ammonia by 2025 and lower carbon ammonia by 2026.

The agreement is for Woodside to acquire 100 percent of OCI Clean Ammonia Holding and its lower carbon ammonia project in Beaumont in an all-cash deal of approximately $2.35 billion. According to Woodside CEO Meg O’Neill, the acquisition positions Woodside as an early mover in clean ammonia within the energy transition.

“This transaction positions Woodside in the growing lower carbon ammonia market," O’Neill says in a news release. "The potential applications for lower carbon ammonia are in power generation, marine fuels and as an industrial feedstock, as it displaces higher-emitting fuels.

“Global ammonia demand is forecast to double by 2050, with lower carbon ammonia making up nearly two-thirds of total demand," she continues. “This Project exceeds our capital allocation framework targets for new energy projects. Both phases are expected to achieve an internal rate of return above 10 percent and payback of less than 10 years."

OCI broke ground on the project in 2022. It's reportedly the world’s first ammonia plant paired with auto thermal reforming with over 95 percent carbon dioxide capture.

Phase 1 of the project will have a capacity of 1.1 million tonnes per annum and is currently under construction. The first ammonia production will be derived from natural gas and is slated for 2025, with lower carbon ammonia production — derived from natural gas paired with carbon sequestration — is expected in in 2026 following commencement of CCS operations

According to the release, Phase 2 will have the capacity to abate 3.2 million tonnes per annum CO2-e, "or over 60 percent of our Scope 3 abatement target,” O’Neill explains.

Linde will source the nitrogen and lower carbon hydrogen feedstock from its feedstock facility, which is currently under construction with a targeted completion in early 2026. In the meantime, early supply of feedstock for the project will come from various suppliers including Linde. Per the release, CCS services will be provided to Linde by ExxonMobil and are expected to be available in 2026.

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The rig stands 225 feet tall and extends 8,000 feet below the subsurface. Photo via exxonmobil.com

ExxonMobil breaks ground on Texas carbon dioxide storage project

digging in

ExxonMobil announced this month that it has officially broken ground on a groundbreaking carbon dioxide storage site.

According to a release from the company, a new rig is currently being used to gather information about an underground site in Southeast Texas. The rig stands 225 feet tall, but more importantly extends 8,000 feet below the subsurface to investigate if the site is a safe place to store carbon underground.

“Everyone’s excited about this appraisal well because we’re literally breaking ground on a new chapter of our work to help reduce industrial emissions,” Joe Colletti, who oversees carbon capture and storage development along the Gulf Coast for Exxon, says in a statement.

Exxon plans to move the rig to other sites in the Gulf Coast in the future for clients Nucor Corp., CF Industries and Linde.

In the last year, Exxon has made agreements with these regional companies to store carbon captured from their operations.

  • Exxon agreed to transport and permanently store up to 2.2 million metric tons of carbon dioxide each year from Linde’s hydrogen production facility in Beaumont, Texas when it launches in 2025.
  • Exxon agreed to store up to 2 million metric tons per year of CO2 captured from CF Industries’ ammonia plant in Donaldsonville, Louisiana, starting in 2025.
  • Exxon agreed to capture, transport and store up to 800,000 metric tons per year of CO2 from Nucor’s direct reduced iron manufacturing site in Convent, Louisiana starting in 2026.

Together, the three agreements represent a total of 5 million metric tons per year that Exxon plans to transport and store for third-party customers.

“Our agreement with Nucor is the latest example of how we’re delivering on our mission to help accelerate the world's path to net zero and build a compelling new business,” Dan Ammann, president of ExxonMobil Low Carbon Solutions, says in a statement over the summer. “Momentum is building as customers recognize our ability to solve emission challenges at scale.”

In addition to the carbon storage agreements, the energy giant also completed the acquisition of Denbury Inc. this month in an all-stock transaction valued at $4.9 billion. The deal adds more than 1,300 miles, including nearly 925 miles of CO2 pipelines in Louisiana, Texas and Mississippi to Exxon's CO2 pipeline network.

The deal was first announced this summer.

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Houston AI energy forecasting company lands investment from Samsung Ventures

funding for forecasts

Amperon, a Houston-based AI-powered forecasting solutions company, has received an investment for an undisclosed amount from Samsung Ventures, the corporate venture arm of Samsung Group.

According to Amperon, the funding will be put toward the company's global growth and next-generation product development. Samsung Ventures invests in emerging businesses developing technologies for the AI, advanced devices and energy-related sectors.

“Samsung Ventures’ investment is a strong validation of our mission to transform the way energy is forecasted and traded,” Sean Kelly, CEO and co-founder of Amperon, said in a news release. “Samsung’s global footprint and leadership in semiconductors, data infrastructure, and AI acceleration make them a natural fit as we expand Amperon’s reach into energy-intensive sectors like data centers. Their track record of scaling next-generation technologies aligns perfectly with our vision to build a more intelligent, resilient, and data-driven energy system.”

Amperon was founded in 2018. Its AI models combine real-time weather, consumption and market data for energy retailers, utilities and independent power producers.

Last year, the company launched its weather-informed grid demand Mid-Term Forecast (MTF), which provides users with data on electricity demand up to seven months in advance. It also secured strategic investments from Acario, the corporate venture capital and innovation division of Tokyo Gas, as well as National Grid Partners, the venture investment and innovation arm of National Grid (NYSE: NGG).

After expanding into Europe in 2024, the company has continued to see international growth, and currently operates in the U.S., Canada, Mexico, Australia, Europe and the Middle East.

“Amperon has demonstrated strong technical capabilities and global traction in a rapidly evolving energy landscape,” a spokesperson for Samsung Ventures added in the release. “Their ability to forecast and model real-time energy data at global scale positions them as a key enabler of smarter energy systems and climate resilience. We are pleased to invest in a company developing technologies that support a more sustainable and digitized world.”

Houston giant's growing virtual power plant tops energy news to know

Hot Topics

Editor's note: NRG has made headlines to start off the new year, with plans to grow its virtual power plant network and announcing a new CEO. Plus, Greentown Labs introduces its newest startups, and we preview the top energy events of the quarter. Read on for the top Houston energy transition news published Jan. 1-15, 2026:

1. NRG makes latest partnership to grow virtual power plant

NRG Energy has partnered with Sunrun to grow its virtual power plant and support the ERCOT grid. Photo via Pexels.

Houston-based NRG Energy has announced a new long-term partnership with San Francisco-based Sunrun that aims to meet Texas’ surging energy demands and accelerate the adoption of home battery storage in Texas. The partnership also aligns with NRG’s goal of developing a 1-gigawatt virtual power plant by connecting thousands of decentralized energy sources by 2035. Continue reading.

2. Houston-based NRG announces new CEO and succession plan

Robert J. Gaudette will take over as NRG's new CEO on April 30. Photo via NRG.com.

Houston-based NRG Energy Inc. announced that it has appointed Robert J. Gaudette as president and CEO. Gaudette took over as president effective Jan. 7 and will assume the role of CEO April 30, coinciding with the company's next stockholder meeting. Gaudette, who previously served as executive vice president and president of NRG Business and Wholesale Operations, will succeed Lawrence Coben in the leadership roles. Continue reading.

3. Japanese company launches solar module manufacturing at Houston-area plant

TOYO Solar LLC has begun operations at its solar module manufacturing facility in Humble, Texas. Photo via Pexels.

A local subsidiary of a Japanese solar equipment manufacturer recently began producing solar modules at a new plant in Humble. TOYO Co. Ltd.’s TOYO Solar LLC subsidiary can produce 1 gigawatt worth of solar modules per year at a 567,140-square-foot plant it leases in Lovett Industrial’s Nexus North Logistics Park on Greens Road. TOYO Solar’s next phase will accommodate 2.5 gigawatts’ worth of solar module manufacturing. The subsidiary eventually plans to expand manufacturing capacity to 6.5 gigawatts. Continue reading.

4. 40+ climatetech startups join Greentown, including a dozen from Houston

Twelve local startups have joined Greentown Houston, along with others from around the world. Photo courtesy Greentown Labs.

More than 40 climatetech startups joined the Greentown Labs Houston community in the second half of 2025. Twelve hail from the Bayou City. The companies are among a group of nearly 70 that joined the climatetech incubator, which is co-located in Houston and Boston, in Q3 and Q4. Continue reading.

5. 10+ must-attend Houston energy events happening in Q1 2026

CERAWeek returns to close out March 2026 programming in Houston. Photo via CERAWeek.com

With the new year comes a new slate of must-attend events for those in the Houston energy sector. We've rounded up a host of events to put on your calendar for Q1, including some that you can attend this month. Plus, other premier annual events will return in February and March 2026 and are currently offering early-bird, discounted registration. Continue reading.

Solar surpasses coal to become ERCOT’s third-largest power source in 2025

by the numbers

Solar barely eclipsed coal to become the third biggest source of energy generated for the Electric Reliability Council of Texas (ERCOT) in 2025, according to new data.

In 2024, solar represented 10 percent of energy supplied to the ERCOT electric grid. Last year, that number climbed to 14 percent. During the same period, coal’s share remained at 13 percent.

From the largest to smallest share, here’s the breakdown of other ERCOT energy sources in 2025 compared with 2024:

  • Combined-cycle gas: 33 percent, down from 35 percent in 2024
  • Wind: 23 percent, down from 24 percent in 2024
  • Natural gas: 8 percent, down from 9 percent in 2024
  • Nuclear: 8 percent, unchanged from 2024
  • Other sources: 1 percent, unchanged from 2024

Combined, solar and wind accounted for 37 percent of ERCOT energy sources.

Looking ahead, solar promises to reign as the star of the ERCOT show:

  • An ERCOT report released in December 2024 said solar is on track to continue outpacing other energy sources in terms of growth of installed generating capacity, followed by battery energy storage.
  • In December, ERCOT reported that more than 11,100 megawatts of new generating capacity had been added to its grid since the previous winter. One megawatt of electricity serves about 250 homes in peak-demand periods. Battery energy storage made up 47 percent of the new capacity, with solar in second place at 40 percent.

The mix of ERCOT’s energy is critical to Texas’ growing need for electricity, as ERCOT manages about 90 percent of the electric load for the state, including the Houston metro area. Data centers, AI and population growth are driving heightened demand for electricity.

In the first nine months of 2025, Texas added a nation-leading 7.4 gigawatts of solar capacity, according to a report from data and analytics firm Wood Mackenzie and the Solar Energy Industries Association.

“Remarkable growth in Texas, Indiana, Utah and other states ... shows just how decisively the market is moving toward solar,” says Abigail Ross Hopper, president and CEO of the solar association.

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