Stafford-based Microvast named Yaser Ali as CFO. Photo via LinkedIn

Houston-based battery technology innovation company, Microvast Holdings, announced the appointment of Yaser Ali as CFO. This is part of Microvast's efforts to strengthen its executive leadership team.

Ali most recently served as CFO of Vision Technologies since August 2022. He also previously held leadership finance roles at companies such as BayWa-R.E Solar and GreenFox Services. He was also a Regional Finance Controller at Amazon.

“I’m happy to share that I’m starting a new position as Chief Financial Officer at Microvast,” Ali said on his LinkedIn. ”Renowned for its cutting-edge cell technology and vertical integration capabilities, Microvast covers core battery chemistry to modules and packs, serving markets such as electric vehicles, energy storage, and battery components.”

Microvast considers itself a leader in the innovation and technology of lithium-ion batteries through the design, development, and manufacture of premier battery cells, modules, and packs for transportation, heavy equipment, and utility-scale energy storage systems.

The Staffford-based Microvast has also recently drawn $12 million from a $25 million secured debt facility provided by the company's founder, chairman, and CEO Yang Wu. The move helps streamline operations, including workforce reductions and consolidations within its U.S. battery division.

Recently, Microvast celebrated four years supplying its high-performance battery packs to eversum mobility solutions GmbH ("eVersum”), which helps support the company’s goals of electrification of next-generation autonomous eShuttle buses from eVersum. The batteries helped enhance “the accessibility and convenience of eShuttle buses while maintaining high performance and efficiency” according to a news release.

Microvast, which is headquartered just southwest of Houston in Stafford, has a market capitalization of $125.16 million, according to InvestingPro.

Eric Williams has been appointed executive vice president and CFO of Sunnova. Photo via sunnova.com/

Houston solar energy company names new C-level leadership

onboarding

Houston’s Sunnova Energy has named a new member to its C suite.

Eric Williams has been appointed executive vice president and CFO of Sunnova, an industry-leading adaptive energy services company. He brings 20 years of experience with 13 years in the energy industry to the company.

Williams replaces Robert Lane. Lane served as Sunnova's executive vice president and CFO from May 2019 to June 2024.

“I was drawn to Sunnova by its commitment to power energy independence and make clean energy more accessible, reliable, and affordable for homeowners and businesses,” Williams says in a news release. “Building on its unique accomplishments and strong history as an industry leader, I am confident in Sunnova’s ability to create value for all stakeholders and realize its vision for a clean energy future.

"I also count it a privilege to succeed Rob Lane, whose leadership and contributions have been invaluable," he continues. "I am grateful for his help ensuring a seamless and effective transition, and I am eager to begin working with his talented team.”

Prior to taking this position, Williams served as CEO and executive vice president of Diversified Energy Company where he helped establish the company’s asset backed securitization structure and led the issuance of approximately $2 billion in securitized debt.

"Eric’s extensive background in the energy sector and impressive track record in finance and accounting will be invaluable to Sunnova, and we are confident he will be a key driver in our growth and success going forward," William J. (John) Berger, CEO at Sunnova adds. "As a seasoned financial leader with deep experience in leveraging the capital markets, we believe Eric is uniquely positioned to continue building Sunnova’s strong financial framework and create more long-term value for our shareholders.”

Lisa Bromiley has joined Cemvita as CFO. Photo courtesy of Cemvita

Houston sustainable biotech company names new CFO

new hire

A growing Houston carbon utilization company has named its newest C-suite member.

Lisa Bromiley has joined Cemvita as CFO. Bromiley will work on spearheading capital markets, strategic positioning, and financial management of the company.

"We are thrilled to welcome Lisa Bromiley to Cemvita as our CFO,” Moji Karimi, CEO of Cemvita, says in a news release. “She joins us at an inflection point in our growth trajectory and I’m confident that Lisa's strategic financial acumen will play a pivotal role in driving Cemvita's continued success.”

Bromiley brings over two decades of experience in energy and commodity-related finance. She previously played a key role in the development of Flotek Industries Inc. and assisted Northern Oil and Gas, Inc. to achieve a market capitalization of $4 billion. Bromiley holds a Master of Professional Accounting and a Bachelor of Business Administration from the University of Texas. She is also a certified public accountant.

"As the new CFO of Cemvita, I'm very excited to lead the company through a crucial expansion in 2024,” Bromiley says in the news release. “We're moving swiftly from development to commercialization, using our patented microbes to produce sustainable feedstocks from carbon waste. I believe our core mission to recycle carbon waste, including CO2, for profitable industrial feedstock production is vital for a more sustainable world."

Cemvita’s eCO2 recently helped garner the Houston company its spot in the Sustainable Aviation Challenge. The eCO2™ takes waste streams and carbon dioxide and uses them to produce valuable materials like plastics,proteins, and fuel feedstock through microbiology. Cemvita also plans to remove 250 million tons per year from the atmosphere by 2050.
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Houston renewables developer powers up projects in southern region of the US

shine bright

Houston-based renewable energy developer EDP Renewables is making big moves in the Southern United States with its latest solar park projects.

EDPR celebrated the inauguration of Pearl River Solar Park in Scott County, Mississippi, that has an installed capacity of 210 megawatt peak, which produces enough power to meet the energy needs of more than 27,000 average Mississippi homes.

The project consists of 400,000 monofacial and bifacial tracking photovoltaic panels that will contribute clean, cost-competitive power to the state’s electric grid. Pearl River will provide more than $50 million in payments to local governments throughout its operating life, benefiting schools, health care facilities, fire departments, and other county services, as well as create hundreds of jobs, according to EDPR.

"We are thrilled to finally see Pearl River begin operations,” Sandhya Ganapathy, CEO of EDPR North America, says in a news release. “Solar power is a win-win in Mississippi, as it accelerates the deployment of clean energy to the grid and contributes to the state’s decarbonization objectives. The project will immediately go to work to provide Mississippi with a readily available clean energy resource.”

A second project is currently under development for Ragsdale Solar Park in Canton, Mississippi. The project is expected to provide over $36 million to local governments and $15 million to landowners over the course of its lifespan once it becomes operational.

Ragsdale is expected to generate 100 MW of energy, which is equivalent to the consumption of 15,000 average Mississippi homes. According to the company, once operational, it will create over 100 construction jobs and will create three permanent jobs.

In May, EDPR opened its Crooked Lake Solar Park near Blytheville in Mississippi County, Arkansas, which is a 175-megawatt project. The company says it will generate enough energy to power the equivalent of 30,000 Arkansas homes each year.

In April, EDPR completed Misenheimer Solar Park in Stanly County, North Carolina. The solar project has an installed capacity of 74 megawatts, which is one of the largest in the state. Misenheimer Solar Park will generate enough energy annually to power the equivalent of more than 12,000 North Carolina homes while providing economic and environmental benefits, according to EDPR.

Heat-related Texas deaths climb after Beryl left millions without power for days or longer

ripple effects

As the temperature soared in the Houston-area home Janet Jarrett shared with her sister after losing electricity in Hurricane Beryl, she did everything she could to keep her 64-year-old sibling cool.

But on their fourth day without power, she awoke to hear Pamela Jarrett, who used a wheelchair and relied on a feeding tube, gasping for breath. Paramedics were called but she was pronounced dead at the hospital, with the medical examiner saying her death was caused by the heat.

“It’s so hard to know that she’s gone right now because this wasn’t supposed to happen to her,” Janet Jarrett said.

Almost two weeks after Beryl hit, heat-related deaths during the prolonged power outages have pushed the number of storm-related fatalities to at least 23 in Texas.

The combination of searing summer heat and residents unable to power up air conditioning in the days after the Category 1 storm made landfall on July 8 resulted in increasingly dangerous conditions for some in America’s fourth-largest city.

Beryl knocked out electricity to nearly 3 million homes and businesses at the height of the outages, which lasted days or much longer, and hospitals reported a spike in heat-related illnesses.

Power finally was restored to most by last week, after over a week of widespread outages. The slow pace in the Houston area put the region's electric provider, CenterPoint Energy, under mounting scrutiny over whether it was sufficiently prepared.

While it may be weeks or even years before the full human toll of the storm in Texas is known, understanding that number helps plan for the future, experts say.

What is known about the deaths so far?

Just after the storm hit, bringing high winds and flooding, the deaths included people killed by falling trees and people who drowned when their vehicles became submerged in floodwaters. In the days after the storm passed, deaths included people who fell while cutting limbs on damaged trees and heat-related deaths.

Half of the deaths attributed to the storm in Harris County, where Houston is located, were heat related, according to the Harris County Institute of Forensic Sciences.

Jarrett, who has cared for her sister since she was injured in an attack six years ago, said her “sassy” sister had done everything from owning a vintage shop in Harlem, New York, to working as an artist.

“She had a big personality,” Jarrett said, adding that her sister had been in good health before they lost electricity at their Spring home.

When will a complete death toll be known?

With power outages and cleanup efforts still ongoing, the death toll likely will continue to climb.

Officials are still working to determine if some deaths that have already occurred should be considered storm related. But even when those numbers come in, getting a clear picture of the storm's toll could take much more time.

Lara Anton, a spokesperson for the Texas Department of State Health Services, which uses death certificate data to identify storm-related deaths, estimated that it may not be until the end of July before they have even a preliminary count.

In the state's vital statistics system, there is a prompt to indicate if the death was storm related and medical certifiers are asked to send additional information on how the death was related to the storm, Anton said.

Experts say that while a count of storm-related fatalities compiled from death certificates is useful, an analysis of excess deaths that occurred during and after the storm can give a more complete picture of the toll. For that, researchers compare the number of people who died in that period to how many would have been expected to die under normal conditions.

The excess death analysis helps count deaths that might have been overlooked, said Dr. Lynn Goldman, dean of the Milken Institute School of Public Health at George Washington University.

What do different toll numbers tell us?

Both the approach of counting the death certificates and calculating the excess deaths have their own benefits when it comes to storms, said Gregory Wellenius, director of the Boston University School of Public Health's Center for Climate and Health.

The excess death analysis gives a better estimate of the total number of people killed, so it's useful for public health and emergency management planning in addition to assessing the impact of climate change, he said.

But it “doesn't tell you who," he said, and understanding the individual circumstances of storm deaths is important in helping to show what puts individual people at risk.

“If I just tell you 200 people died, it doesn't tell you that story of what went wrong for these people, which teaches us something about what hopefully can we do better to prepare or help people prepare in the future,” Wellenius said. ___

Things to know: Meet the Houston founder decarbonizing shipping, events not to miss, and more

taking notes

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

Podcast: Houston logistics company works toward software solutions to energy transition challenges

Matthew Costello, CEO and co-founder of Voyager Portal, joins the Houston Innovators Podcast. Photo courtesy of Voyager

For several years now, Matthew Costello has been navigating the maritime shipping industry looking for problems to solve for customers with his company, Voyager Portal.

Initially, that meant designing a software platform to enhance communications and organization of the many massive and intricate global shipments happening every day. Founded in 2018 by Costello and COO Bret Smart, Voyager Portal became a integral tool for the industry that helps users manage the full lifecycle of their voyages — from planning to delivery.

"The software landscape has changed tremendously in the maritime space. Back in 2018, we were one of a small handful of technology startups in this space," Costello, who serves as CEO of Voyager, says on the Houston Innovators Podcast. "Now that's changed. ... There's really a huge wave of innovation happening in maritime right now." Read more.

Big deal: Houston clean hydrogen producer teams up with O&G for series of pilots

Gold H2 has aligned itself with an oil and gas company, making its Black 2 Gold microbial technology available for the first time. Photo via cemvita.com

Gold H2, a Houston-based producer of clean hydrogen, is teaming up with a major U.S.-based oil and gas company as the first step in launching a 12-month series of pilot projects.

The tentative agreement with the unnamed oil and gas company kicks off the availability of the startup’s Black 2 Gold microbial technology. The technology underpins the startup’s biotech process for converting crude oil into proprietary Gold Hydrogen. Read more.

Events not to miss

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

  • CCS/Decarbonization Project Development, Finance and Investment, taking place July 23 to 25, is the deepest dive into the economic and regulatory factors driving the success of the CCS/CCUS project development landscape. Register now.
  • The 5th Texas Energy Forum 2024, organized by U.S. Energy Stream, will take place on August 21 and 22 at the Petroleum Club of Houston. Register now.
  • Hart Energy's New Energies Summit is taking place on August 27 to 28 at the Hilton Americas - Houston. Register now.