Houston oilfield services giant makes deal to transition airports to cleaner energy

seeing green

Baker Hughes has entered into an agreement with an airport manager and operator to introduce cleaner, lower-carbon solutions to the industry. Photo courtesy of Baker Hughes

A Houston-headquartered oilfield services company has announced a partnership with an airport manager and operator to develop lower-carbon solutions for the airport industry.

Baker Hughes (NASDAQ: BKR) announced today that it has entered into a memorandum of understanding with Virginia-based Avports. The agreement is "to develop, implement and operate onsite microgrid solutions for the airport industry," according to a news release from Baker Hughes, with a goal of reducing emissions and work toward a future with zero-emission infrastructure, including buildings, vehicles, etc.

"Baker Hughes' commitment to emissions reductions has allowed us to develop and successfully deploy low-carbon and hydrogen technologies to advance the energy transition in many industries," Bob Perez, vice president of project development at Baker Hughes, says in the statement. "The opportunity to bring these solutions to airports, in collaboration with Avports' proven track record in airport management, is very promising as the increasing needs and demands of these infrastructures must be more resilient, efficient and cost-effective."

Avports, which was founded in 1927 as a division of Pan American World Airways, manages and operates small to mid-sized airports across the country, and has already made investments in innovative and sustainable initiatives, including introducing green hydrogen solutions. Baker Hughes will bring its energy technology portfolio, such as hydrogen-ready turbines and heat recovery solutions for grid use, to the table.

"Providing a technical and economic roadmap to airports to meet their energy needs of the future is key as an airport management and operations company," Jorge Roberts, CEO of Avports, says in the release. "Our partnership with Baker Hughes brings world-class technology and know-how together with our ability to support airport customers to realize these solutions at their facility."

Baker Hughes has entered into a few partnerships this year with energy transition goals. In May, the Houston company announced a partnership with ADNOC to explore green and low-carbon hydrogen solutions. In March, Baker Hughes collaborated with HIF Global, an eFuels company, for a direct air capture project. Additionally in March, Ecopetrol, Baker Hughes, and the hydroelectric power plant Central Hidroeléctrica de Caldas of Grupo EPM, signed an MoU to potentially implement a geothermal power generation project in Colombia.

Fervo Energy has raised additional funding to continue executing on its mission of more reliable geothermal energy production. Photo via FervoEnergy.com

Innovative Houston energy startup secures $10M investment

fresh funding

A next-generation geothermal tech company announced a new investment from an Oklahoma City-based oil and gas producer.

Fervo Energy secured the $10 million strategic investment from Devon Energy Corporation (NYSE: DVN) this week. The deal creates a partnership between the two entities.

“We are thrilled to have Devon as a partner,” says Tim Latimer, co-founder and CEO of Fervo, in a news release. “Devon is a technology leader with historic and unparalleled expertise in drilling and completing wells. We expect this partnership will help unlock further potential for geothermal as the primary 24/7 renewable energy source.”

Fervo's technology includes drilling horizontal wells for commercial geothermal production as well as distributed fiber optic sensing to geothermal reservoir development, per the release. The strategy allows for more accessible geothermal power.

“We are excited about this partnership with Fervo, an innovator and leader in the enhanced geothermal space,” says David Harris, chief corporate development officer and executive vice president at Devon. “This investment is a good match for Devon’s new energy ventures strategy.”

Last year, Fervo raised a $138 million series C round to support the completion of power plants in Nevada and Utah and evaluate new projects in California, Idaho, Oregon, Colorado, and New Mexico, as well as in other countries. This latest investment brings the company's total funds raised to $187 million since its inception in 2017.

This article originally ran on Innovation Map.

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Here's how Texas ranks as an energy efficient state

by the numbers

How energy efficient is the Lone Star State? A new report finds that Texas has some room for improvement in that department.

In its 2024 "Most & Least Energy-Efficient States" report, WalletHub ranks Texas at No. 36 out of the 50 states with a score of 47.5 out of 100 points.

The report ranked each state on both its home and auto efficiency. Texas came in No. 32 for home energy efficiency, which factored in the National Weather Service's annual degree days.

For auto efficiency, Texas came in at No. 38, but ranked No. 43 for vehicle-fuel efficiency specifically and No. 20 for transportation efficiency.

"We divided the annual vehicle miles driven by gallons of gasoline consumed to determine vehicle-fuel efficiency and measured annual vehicle miles driven per capita to determine transportation efficiency," according to WalletHub, which used data from the U.S. Census Bureau, National Climatic Data Center, U.S. Energy Information Administration, and U.S. Department of Transportation - Federal Highway Administration.

Source: WalletHub

Texas receives mixed reviews when it comes to energy reports from WalletHub. A June report found that Texas ranked as the fourth cheapest state for energy, and in April the state was found to be the thirteenth least green state.

Zooming in on Houston, the reports don't look any better. Earlier this month, the Bayou City was ranked the third worst metro when it comes to the country's greenest cities.

Texas automaker invests in first-of-its-kind EV charging station initiative

plugging in

A charging network founded by eight of the world’s top automakers have announced that they have broken ground on their first electric vehicle charging station.

IONNA will work to transform a historic district gas station into a new "Rechargery" in North Carolina. The initiative is backed by Plano-based Toyota, along with BMW, General Motors, Honda, Hyundai, Mercedes-Benz, Kia, and Stellantis.

With plans to open locations across the country, the station will provide 10 covered parking bays and will be accessible to both CCS and NAC chargers. The charging ports will be capable of up to 400 kilowatts and 800+ Volts. The site will also include an indoor driver’s lounge, coffee service, food/beverage, restrooms, and WIFI.

“We are excited to announce our support of IONNA to deploy DC fast chargers throughout the U.S. and Canada,” Ted Ogawa, president and CEO of Toyota Motor North America, says in a news release. “We believe this will not only promote the adoption of BEVs and increase customer confidence in the technology, but it will provide our Toyota and Lexus customers with access to IONNA’s rapidly growing charging network in North America.”

IONNA will “enable urban and long-distance EV mobility for all with over 30,000 ultra-fast-and-reliable charging points by 2030” according to the company.

IONNA also announced Jackie Slope as the Chief Technology Officer. Slope previously worked with customer experiences at Crypto.com Arena and Madison Square Garden.

“Having spent my career raising the bar around the customer experience I am excited to find ways to innovate and elevate the charging experience by serving the customer above all else in this new and exciting industry,” Slope said in a news release.

While the North Carolina location is the first of its kind, IONNA plans to expand its Rechargery stations around North America soon.

In other EV news, Hyundai Motor and Kia launched a project on Sept. 25 to develop lithium iron phosphate (LFP) battery cathode material. Hyundai Steel and cathode material market leader EcoPro BM will aim to synthesize materials directly without creating a precursor for LFP battery cathode material production

DOE backs ERCOT-connecting project, ExxonMobil's big CCS deal, and more top Houston energy transition news

what's trending

Editor's note: From the Department of Energy backing a project that will connect ERCOT to other states' grid to energy innovators being named finalists in the Houston Innovation Awards, these are the top headlines that resonated with EnergyCapital readers on social media and daily newsletter this week.

$360M DOE grant to fund project that will connect ERCOT to US power grid

For the first time, Texas's ERCOT grid will be connected to other states' grids thanks to funding from the Department of Energy. Photo via Getty Images

Thanks to recently announced funding, the power grid for the territory served by the Electric Reliability Council of Texas (ERCOT) will be connected to grids in other states.

Officials hope building a 320-mile transmission line that connects the ERCOT electric grid to electric grids in the Southeast will prevent power outages like the massive blackout that occurred in 2022 when a winter storm blasted Texas.

San Francisco-based Pattern Energy says its Southern Spirit project will cost more than $2.6 billion. Full-scale construction is supposed to get underway in 2028, and the project is set to go online in 2031. Continue reading.

ExxonMobil signs biggest offshore CCS lease in the U.S.

The offshore site is adjacent to a CO2 pipeline network that ExxonMobil acquired in 2023 with its $4.9 billion purchase of Plano-based Denbury Resources. Photo via ExxonMobil.com

Spring-based ExxonMobil continues to ramp up its carbon capture and storage business with a new offshore lease and a new CCS customer.

On October 10, ExxonMobil announced it had signed the biggest offshore carbon dioxide storage lease in the U.S. ExxonMobil says the more than 271,000-acre site, being leased from the Texas General Land Office, complements the onshore CO2 storage portfolio that it’s assembling.

“This is yet another sign of our commitment to CCS and the strides we’ve been able to make,” Dan Ammann, president of ExxonMobil Low Carbon Solutions, says in a news release. Continue reading.

Houston-area researchers score $1.5M grant to develop storm response tech platform

OpenSafe.AI, a new platform that utilizes AI, data, and hazard and resilience models to support storm response decision makers, has secured an NSF grant. Photo via Getty Images

Researchers from Rice University have secured a $1.5 million grant from the National Science Foundation to continue their work on improving safety and resiliency of coastal communities plagued by flooding and hazardous weather.

The Rice team of engineers and collaborators includes Jamie Padgett, Ben Hu, and Avantika Gori along with David Retchless at Texas A&M University at Galveston. The researchers are working in collaboration with the Severe Storm Prediction, Education and Evacuation from Disasters (SSPEED) Center and the Ken Kennedy Institute at Rice and A&M-Galveston’s Institute for a Disaster Resilient Texas.

Together, the team is developing and hopes to deploy “Open-Source Situational Awareness Framework for Equitable Multi-Hazard Impact Sensing using Responsible AI,” or OpenSafe.AI, a new platform that utilizes AI, data, and hazard and resilience models "to provide timely, reliable and equitable insights to emergency response organizations and communities before, during and after tropical cyclones and coastal storm events," reads a news release from Rice. Continue reading.

Houston geothermal co. expands DOD partnership with South Texas initiative

Sage Geosystems will onboard its technology at the Naval Air Station in Corpus Christi. Photo via Naval Air Station Corpus Christi/Facebook

Expanding on its partnership with the United States Department of Defense's Defense Innovation Unit, Sage Geosystems has been selected to conduct geothermal project development initiatives at Naval Air Station in Corpus Christi.

Along with the Environmental Security Technology Certification Program, Sage will provide its proprietary Geopressured Geothermal Systems technology, will be able to evaluate the potential for geothermal baseload power generation to provide clean and consistent energy at the Naval Air Station base.

“We’re pleased to expand our partnership with the DOD at NAS Corpus Christi to demonstrate the advantages of geothermal technology for military energy independence,” Cindy Taff, CEO of Sage Geosystems, says in a news release.Continue reading.

Houston energy transition innovators named finalists for annual awards program

Nearly 20 Houston startups and innovators were named finalists for the 2024 Houston Innovation Awards this week. Photo via Getty Images

The Houston Innovation Awards have named its honorees for its 2024 awards event, and several clean energy innovators have made the cut.

The finalists, which were named on EnergyCapital's sister site InnovationMap this week, were decided by this year's judges after they reviewed over 130 applications. More 50 finalists will be recognized in particular for their achievements across 13 categories, which includes the 2024 Trailblazer Legacy Awards that were announced earlier this month.

All of the honorees will be recognized at the event on November 14 and the winners will be named. Registration is open online. Representing the energy industry are 21 finalists. Continue reading.

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