The Houston Energy Transition Initiative spoke with Ramanan Krishnamoorti about the future of energy. Image via htxenergytransition.org

College students stand at the intersection of youth climate activism and emerging academic research that has the power to reshape the future of energy. Dr. Ramanan Krishnamoorti believe that college students have the power to tackle some of the world’s most pressing issues in energy, if given the opportunity. Krishnamoorti serves as University of Houston Vice President for Energy and Innovation and professor of chemical and biomolecular engineering is leading the university’s efforts to establish education, research and outreach partnerships to address energy and innovation challenges.

HETI sat down with Dr. Krishnamoorti to learn more about his journey in the energy industry, the importance of engaging the youth in climate change and how community partners can give college students a seat at the energy transition table.

Q: You have a passionate way of speaking about the energy transition and the mission to get to net zero by 2050. Tell us about your background in the energy industry.

My journey in the energy industry began in academia as a chemical engineer, where my early scientific focus revolved around polymeric materials, which are closely tied to the industrial and societal applications of oil and gas beyond traditional fuels.

During the early 2000s, when our society faced an energy shortage and was grappling with pressing challenges, my interest in the broader energy landscape began to take shape. It was during that time that I assumed the role of chair of the Chemical Engineering Department at the University of Houston, which provided me the remarkable opportunity to establish the petroleum engineering program (eventually department), fostering close collaboration with industry stakeholders.

This experience granted me invaluable insights into the intricate operations of the energy industry as a whole, which ultimately led to me becoming the chief energy officer at UH. Over the past decade, my deep engagement across the energy industry has allowed me to fully grasp the immense value of energy and the critical challenges we face in ensuring that it remains affordable, reliable and sustainable.

Q: When it comes to the renewable energy workforce, you’ve spoken about the need to engage current K-12 students in STEM to ensure a robust talent pool in the future. What are some ways we can help students recognize their potential as change agents in the energy transition?

In today’s rapidly evolving energy landscape, success hinges on attracting a diverse and talented workforce, whether it be in the conventional oil and gas sector, the decarbonization realm (energy transition) or the renewable energy industry. Creating a broad and inclusive pathway that appeals to students from middle school onwards is crucial. We must vividly demonstrate the transformative power of their actions and the power of learning by doing. This would inspire them to explore the fundamental disciplines of science, technology, engineering and mathematics. By connecting these academic foundations to real world challenges, we can show them the immense impact they could have in shaping a sustainable and advancing future.

Energy is the lifeblood of modern society, and providing reliable, affordable and sustainable energy for all is our collective responsibility. We must convey to students the robust career opportunities available within the industry as a whole. The skills and knowledge gained in this field are highly transferable, enabling individuals to navigate various sectors and contribute to positive change across the entire energy spectrum but also help transform the world to one of opportunities for humanity.

Q: At the recent Future of Global Energy conference presented by Chevron, you spoke about the importance of empowering young leaders to act and influence decisions around energy, climate change and sustainability. How can leading energy companies give students and recent graduates a seat at the energy transition table?

Energy companies need to recognize the passion and impatience of this new generation and tap into it. These young individuals are eager to be part of the solution and are driven by a desire for tangible success in the challenge of building an equitable and sustainable energy sector. By providing opportunities for hands-on experience and learning-by-doing, energy companies can channel their enthusiasm and leverage their digital native mindset to develop scalable solutions for the grand challenge of energy solutions across the world.

Moreover, fostering a culture of mentorship and giving back is essential. Students and recent graduates have a strong inclination to make a positive societal impact. By offering organized mentorship programs within K-12 schools and higher education institutions, they can provide avenues for young talent to contribute meaningfully and gain valuable insights and guidance from industry professionals.

Lastly, it’s crucial for energy companies to recognize and embrace the inherent consideration of environmental, social and governance issues by the new generation of entrants. When confronted by complex engineering challenges, these young leaders naturally bring a constructive perspective that incorporates ESG considerations. By actively engaging with their perspectives, companies can benefit from fresh ideas and contribute to the overall advancement of sustainable practices.

Q: Do you believe that actions and initiatives put in place by young people have the power to trigger the momentum needed to help scale energy transition related businesses?

Absolutely! The energy transition demands innovative approaches to rapidly scale up technologies, while simultaneously addressing regulatory, financial and communication engagement challenges that may lag.

The new generation of students and industry entrants have demonstrated their ability to navigate bureaucratic systems that are two steps behind the problems they face, making them adept problem solvers. By empowering and supporting them, we can leverage their strengths to confront energy transition challenges head on. This team effort, combining their fresh perspectives with the necessary resources, will accelerate momentum and drive the scaling of energy transition-related businesses.

Q: Do students today recognize the importance of the energy transition?

Today’s students not only recognize the importance of the energy transition, but they are actively driving it and making choices that clearly indicate that they are meaningfully contributing to the change. They embrace risk-taking and innovative approaches to solve real-world energy challenges –– they are comfortable in a world where they understand the issue of bottlenecks (as is common in the complex energy systems) and the need for trade-offs.

What sets them apart is their dedication to promoting justice and equity. In fact, a recent poll conducted in collaboration with the UH Hobby School of Public Affairs revealed that many UH students prioritize companies committed to addressing societal and environmental issues, even if it means a sacrifice in salary. Their commitment speaks volumes about their desire to drive change.

Q: Looking toward the future of energy, how can universities and community partners provide support that fuels innovation and energy expertise in the youth today?

To fuel innovation and cultivate energy expertise in today’s youth, universities, industry leaders and community partners must collaborate. At the University of Houston, where approximately half of students are first-generation, it is our responsibility as educators to provide vital support. This includes facilitating connections, showcasing role models and expanding their awareness of opportunities. As the energy university located in Houston, a city rich in diverse talent, we have a unique advantage of continuing to build on Houston’s global leadership and demonstrating solutions at scale. By fostering this collaboration, we can inspire and empower the next generation.

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This article originally ran on the Greater Houston Partnership's Houston Energy Transition Initiative blog. 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.

Rising temps could result in rolling brownouts this summer–unless we work together to reduce the strain on the electric grid. Photo via Shutterstock

NERC warns of summer energy shortfalls–what you can do now

THINGS ARE HEATING UP

The North American Electric Reliability Council (NERC) issued a warning with the 2023 Summer Reliability Assessment yesterday – energy shortages could be coming this summer for two-thirds of North America if temperatures spike higher than normal.

“Increased, rapid deployment of wind, solar and batteries have made a positive impact,” Mark Olson, NERC’s manager of reliability assessments says in the release. “However, generator retirements continue to increase the risks associated with extreme summer temperatures, which factors into potential supply shortages in the western two-thirds of North America if summer temperatures spike.”

For Texans, the combined risk of drought and higher-than-normal temperatures could stress ERCOT system resources, especially in the case of reduced wind. But before there’s a mad rush on generators, keep in mind, electricity consumers can take simple actions to minimize the possibility of widespread shortfalls.

Electricity demand begins rising daily around 2 P.M. in the summer and peaks in the final hours of daylight. These hours are generally not only the warmest hours of the day but also the busiest. People return from work to their homes, crank down the air conditioner, turn on TVs, run a load of wash, and prepare meals using multiple electric-powered appliances.

If everyone takes one or two small steps to avoid unnecessary stress on the grid in the hours after coming home from work, we can prevent energy shortfalls. Modify routines now to get into the habit of running the dishwasher overnight, using the washer and dryer before noon or after 8 pm and pulling the shades down in the bright afternoon hours of the day.

Try to delay powering up devices – including EVs – until after dark. Turn off and unplug items to avoid sapping electricity when items are not in use. And if you can bear it, nudge that thermostat up a couple of degrees.

 

Energy sustainability demands consistent collaboration and coordination from every consumer of energy. Let’s get in the habit of acting neighborly now with conservative electricity practices before we start seeing temperatures–of both the literal and figurative kind–flare.

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D.C. energy company secures $233M for ERCOT battery storage projects

fresh funding

The Electricity Reliability Council of Texas’ grid will get a boost courtesy of Lydian Energy.

The D.C.-based company announced the successful financial close of its first institutional project financing totaling $233 million, backed by ING Group and KeyBank. The financing will support three battery energy storage system (BESS) projects in Texas.

Lydian is an independent power producer that specializes in the development, construction and operation of utility-scale solar and battery energy storage projects. The company reports that it plans to add 550 megawatts of energy—which can power approximately 412,500 homes—to the Texas grid administered by ERCOT.

“This financing marks an important step forward as we continue executing on our vision to scale transformative battery storage projects that meet the evolving energy needs of the communities we serve,” Emre Ersenkal, CEO at Lydian Energy, said in a news release.

The projects include:

Pintail 

  • Located in San Patricio county
  • 200 megawatts
  • Backed by ING

Crane

  • Located in Crane county
  • 200 megawatts
  • Backed by ING

Headcamp

  • Located in Pecos county
  • 150 megawatts
  • Backed by KeyBank

ING served as the lender for Pintail and Crane projects valued at a combined total of approximately $139 million.

KeyBank provided a $94 million financing package for the Headcamp project. KeyBanc Capital Markets also structured the financing package for Headcamp.

The three projects are being developed under Excelsior Energy Capital’s Fund II. Lydian’s current portfolio comprises 20 solar and storage projects, totaling 4.7 gigawatts of capacity.

“Our support of Lydian’s portfolio reflects ING’s focus on identifying strategic funding opportunities that align with the accelerating demand for sustainable power,” Sven Wellock, managing director and head of energy–renewables and power at ING, said in the release. “Battery storage plays a central role in supporting grid resilience, and we’re pleased to back a platform with strong fundamentals and a clear execution path.”

The facilities are expected to be placed in service by Q4 2025. Lydian is also pursuing additional financing for further projects, which are expected to commence construction by the end of 2025.

“These financings represent more than capital – they reflect the strong demand for reliable energy infrastructure in high-growth U.S. markets,” Anne Marie Denman, co-founding partner at Excelsior Energy Capital and chair of the board at Lydian Energy, added in the news release. “We’re proud to stand behind Lydian’s talented team as they deliver on the promise of battery storage with bankable projects, proven partners, and disciplined execution. In the midst of a lot of noise, these financings are a reminder that capital flows where infrastructure is satisfying fundamental needs of our society – in this case, the need for reliable, sustainable, domestic, and affordable energy.”

Houston American Energy closes acquisition of New York low-carbon fuel co.

power deal

Renewable energy company Houston American Energy Corp. (NYSE: HUSA) has acquired Abundia Global Impact Group, according to a news release.

Houston American reports that the acquisition will allow it to create a combined company focused on converting waste plastics into high-value, drop-in, low-carbon fuels and chemical products. It plans to move forward with Abundia’s plans for developing large-scale recycling projects, with a new facility previously announced for the Gulf Coast, located in Cedar Port Industrial Park, near the Baytown area of Houston.

New York-based Abundia used its proprietary pyrolysis process to convert plastic and certified biomass waste into high-quality renewable fuels. Its founder, Ed Gillespie, will serve as CEO of the combined company and will join HUSA’s board of directors. Peter Longo, who previously served as HUSA's CEO, will serve as chairman of the board. Lucie Harwood was named CFO and Joseph Gasik will serve as COO.

“The completion of this acquisition represents a pivotal transformation for HUSA,” Longo said in a news release. “Abundia has a commercially ready solution for converting waste into valuable fuels and chemicals, with a backlog of development opportunities utilizing proprietary technologies and key industry partnerships. This transaction gives HUSA shareholders a ready-made platform and project pipeline for future value generation as the fuel and chemical industries accelerate their adoption of low-carbon solutions and sustainable aviation fuel.”

The combined company plans to serve what it estimates is a multi-billion-dollar global demand for renewable fuels, Sustainable Aviation Fuel (SAF) and recycled chemical feedstocks, according to the news release.

“This is a landmark moment for Abundia and a major step forward for the renewable industry,” Gillespie added in the release. “Joining forces with HUSA and entering the public capital markets positions us to accelerate growth, scale our technology and expand our influence within the renewable and recycling industries. I am proud of the hard work and determination of both the AGIG and HUSA teams to finalize this transaction. We look forward to delivering shareholder value and critical technologies to reduce carbon emissions.”

Houston American Energy announced the deal in March. The company also closed a $4.42 million registered direct offering in January.