Recently, two HETI members announced acquisition and investment into carbon capture businesses. Photo via htxenergytransition.org

2 Houston energy leaders bet on carbon capture with recent acquisitions

the view from heti

CCUS will play a pivotal role in the global energy transition by decarbonizing carbon-intensive industries, including energy, chemicals, cement, and steel. CCUS is one of the few proven technologies to significantly lower net emissions. However, the unique nature of decarbonization presents many complex challenges. With greater funding and growing policy support, the widespread adoption of CCUS technologies is becoming more technically feasible and economically viable than ever before.

Houston, with its existing CCUS infrastructure, large concentration of CCUS expertise, and high storage capacity, is the ideal location to deploy and derisk CCUS projects at unprecedented speed and scale. Recently, two HETI members announced acquisition and investment into carbon capture businesses.

SLB + Aker Carbon Capture (ACC)

SLB, a pioneer in carbon capture technologies, announced an agreement to acquire major ownership in Aker Carbon Capture (ACC), a pure-play carbon capture company. The move combines SLB’s established CCUS business with ACC’s innovative CCUS technology to support accelerated industrial decarbonization at scale.

“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,” said Olivier Le Peuch, chief executive officer, SLB. “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. 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.”

Chevron New Energies + ION Clean Energy

Chevron New Energies, a division of Chevron U.S.A. Inc., announced a lead investment in ION Clean Energy (ION), which provides post-combustion point-source capture technology through its third-generation ICE-31 liquid amine system. This investment expands and complements Chevron’s growing portfolio of CCUS technologies.

“ION’s solvent technology, combined with Chevron’s assets and capabilities, has the potential to reach numerous emitters and support our ambitions of a lower carbon future,” said Chris Powers, vice president of CCUS & Emerging, Chevron New Energies. “We believe collaborations like this are essential to our efforts to grow carbon capture on a global scale.”

“This investment from Chevron is a huge testament to the hard work of our team and the potential of our technology,” said ION founder and executive chairman Buz Brown. “We appreciate their collaboration and with their investment we expect to accelerate commercial deployment of our technology so that we can realize the kind of wide-ranging commercial and environmental impact we’ve long envisioned.”

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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.

This expert acknowledges the energy transition is not happening overnight — but it's never too early for Texans looking to get in on the ground floor. Photo via Shutterstock

Expert shares 5 key factors for evolving the energy transition in Texas

GUEST COLUMN

Humanity faces an inflection point in the coming decade. In order for the world’s population to survive and, ultimately, prosper, especially the population of developing countries such as India, China, and Brazil, significant investment in all forms of energy will be needed. Texas-based energy companies will play a crucial role in developing, advancing and supplying environmentally sensitive forms of energy to meet the world’s insatiable demand.

According to the U.S. Energy Information Administration, global energy consumption is expected to increase by a staggering 50 percent in the next 25 years. Fueled by rapid economic and population growth, this spike in demand is particularly focused within developing Asian countries outside of the Organization for Economic Cooperation and Development (OECD). Taking steps toward energy evolution today is crucial not only for economic progress but also to address the long-term impact of climate change. Research compiled by JLL highlights five key factors to consider.

1. Embracing a gradual evolution

Historically, energy transitions require significant time to be fully realized, often spanning over 50 years. Coal took more than 60 years to grow from a mere 5 percent to a dominant 50 percent share of the world's primary energy supply. Similarly, natural gas took nearly 70 years to increase its market share from 1 percent to 20 percent in the United States. Widespread commercialization of nuclear energy spans as much as 80 years, from the point of initial discovery and application. Major pendulum swings do not occur overnight; the next energy evolution will require adaptability and resilience.

2. Increase in global energy consumption

As non-OECD countries experience periods of economic growth, particularly driven by a growth of the manufacturing sector, these countries’ energy consumption naturally follows suit. Approximately 2.5 billion people live in these regions, which today heavily rely on non-renewable sources to meet basic energy needs.

As OECD countries continue to introduce sustainable technologies like battery power and other alternatives at scale, a transfer of more efficient and eco-friendly sources and technologies to developing communities must occur to reduce the world’s overall carbon footprint.

3. Surging investment in global energy transition

Investments in the global energy transition surpassed $1 trillion in 2022 – a stunning year-over-year increase of 31 percent. These investments are propelling innovative, sustainable solutions and driving the research and development necessary for a more environmentally conscious energy landscape.

4. Diversification and revised renewables forecast

Countries are actively diversifying their energy generation away from natural gas, specifically as a response to the energy crisis sparked by Russia's invasion of Ukraine. This push towards sustainable alternatives has received further validation with the International Energy Agency (IEA) recently revising its five-year renewables forecast, emphasizing a significant 28.4 percent increase. This revision serves as a testament to the increasing significance of sustainable energy sources in ensuring a resilient energy future.

5. United States energy production

Even with the implementation of the Inflation Reduction Act of 2022 (IRA), the United States will maintain its production and export of oil, natural gas, and derivatives. While recognizing the continued role of these traditional energy sources in meeting global energy demands, the United States also acknowledges the imperative of transitioning towards sustainable energy sources. Encouraging companies to embrace alternative energy solutions in line with this transition is now big business, as significant incentives are being provided at federal and state levels.

And what about here in Texas?

In this critical era of global energy evolution, Texas has the opportunity to take center stage, holding the keys not only to its own future but also to those far beyond the state’s borders. With abundant wind power production, vast solar energy potential, a favorable regulatory environment, and attractive tax incentives, Texas is well positioned to be a leader in innovation, research, and production of alternative energy sources. Combined with the presence of many of the country’s leading energy companies, Texas must be a powerhouse for driving a sustainable energy transition on a large scale.

Transforming the global energy landscape will not be accomplished overnight. It requires the collective efforts of governments, industries, companies, and individuals working together towards a common goal. Texas and Texans can serve as a beacon of inspiration, leading the charge in alternative energy adoption and investing today in the next century of energy production and consumption. Ultimately, our example should be one the world can follow.

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Louis Rosenthal is executive managing director at JLL and the global leader of the company's energy and renewables practice group.

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Houston company wins contract to operate South Texas wind farm

wind deal

Houston-based Consolidated Asset Management Services (CAMS), which provides services for owners of energy infrastructure, has added the owner of a South Texas wind power project to its customer list.

The new customer, InfraRed Capital Partners, owns the 202-megawatt Mesteño Wind Project in the Rio Grande Valley. InfraRed bought the wind farm from Charlotte, North Carolina-based power provider Duke Energy in 2024. CAMS will provide asset management, remote operations, maintenance, compliance and IT services for the Mesteño project.

Mesteño began generating power in 2019. The wind farm is connected to the electric grid operated by the Energy Reliability Council of Texas (ERCOT).

With the addition of Mesteño, CAMS now manages wind energy projects with generation capacity of more than 2,500 megawatts.

Mesteño features one of the tallest wind turbine installations in the U.S., with towers reaching 590.5 feet. Located near Rio Grande City, the project produces enough clean energy to power about 60,000 average homes.

In June, CAMS was named to the Financial Times’ list of the 300 fastest-growing companies in North and South America. The company’s revenue grew more than 70 percent from 2020 to 2023.

Earlier this year, CAMS jumped into the super-hot data center sector with the rollout of services designed to help deliver reliable, cost-effective power to energy-hungry data centers. The initiative focuses on supplying renewable energy and natural gas.

Google's $40B investment in Texas data centers includes energy infrastructure

The future of data

Google is investing a huge chunk of money in Texas: According to a release, the company will invest $40 billion on cloud and artificial intelligence (AI) infrastructure, with the development of new data centers in Armstrong and Haskell counties.

The company announced its intentions at a meeting on November 14 attended by federal, state, and local leaders including Gov. Greg Abbott who called it "a Texas-sized investment."

Google will open two new data center campuses in Haskell County and a data center campus in Armstrong County.

Additionally, the first building at the company’s Red Oak campus in Ellis County is now operational. Google is continuing to invest in its existing Midlothian campus and Dallas cloud region, which are part of the company’s global network of 42 cloud regions that deliver high-performance, low-latency services that businesses and organizations use to build and scale their own AI-powered solutions.

Energy demands

Google is committed to responsibly growing its infrastructure by bringing new energy resources onto the grid, paying for costs associated with its operations, and supporting community energy efficiency initiatives.

One of the new Haskell data centers will be co-located with — or built directly alongside — a new solar and battery energy storage plant, creating the first industrial park to be developed through Google’s partnership with Intersect and TPG Rise Climate announced last year.

Google has contracted to add more than 6,200 megawatts (MW) of net new energy generation and capacity to the Texas electricity grid through power purchase agreements (PPAs) with energy developers such as AES Corporation, Enel North America, Intersect, Clearway, ENGIE, SB Energy, Ørsted, and X-Elio.

Water demands

Google’s three new facilities in Armstrong and Haskell counties will use air-cooling technology, limiting water use to site operations like kitchens. The company is also contributing $2.6 million to help Texas Water Trade create and enhance up to 1,000 acres of wetlands along the Trinity-San Jacinto Estuary. Google is also sponsoring a regenerative agriculture program with Indigo Ag in the Dallas-Fort Worth area and an irrigation efficiency project with N-Drip in the Texas High Plains.

In addition to the data centers, Google is committing $7 million in grants to support AI-related initiatives in healthcare, energy, and education across the state. This includes helping CareMessage enhance rural healthcare access; enabling the University of Texas at Austin and Texas Tech University to address energy challenges that will arise with AI, and expanding AI training for Texas educators and students through support to Houston City College.

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This article originally appeared on CultureMap.com.

Texas A&M's micro-nuclear reactor tops energy transition news to know

Trending News

Editor's note: The top energy transition news of November includes major energy initiatives from Texas universities and the creation of a new Carbon Measures coalition. Here are the most-read EnergyCapitalHTX stories from Nov. 1-15:

1. Micro-nuclear reactor to launch next year at Texas A&M innovation campus

Last Energy will build a 5-megawatt reactor at the Texas A&M-RELLIS campus. Photo courtesy Last Energy.

The Texas A&M University System and Last Energy plan to launch a micro-nuclear reactor pilot project next summer at the Texas A&M-RELLIS technology and innovation campus in Bryan. Washington, D.C.-based Last Energy will build a 5-megawatt reactor that’s a scaled-down version of its 20-megawatt reactor. The micro-reactor initially will aim to demonstrate safety and stability, and test the ability to generate electricity for the grid. Continue reading.

2. Baker Hughes to provide equipment for massive low-carbon ammonia plant

Baker Hughes will supply equipment for Blue Point Number One, a $4 billion low-carbon ammonia plant being developed in Louisiana. Photo courtesy Technip Energies.

Houston-based energy technology company Baker Hughes has been tapped to supply equipment for what will be the world’s largest low-carbon ammonia plant. French technology and engineering company Technip Energies will buy a steam turbine generator and compression equipment from Baker Hughes for Blue Point Number One, a $4 billion low-carbon ammonia plant being developed in Louisiana by a joint venture comprising CF Industries, JERA and Mitsui & Co. Technip was awarded a contract worth at least $1.1 billion to provide services for the Blue Point project. Continue reading.

3. Major Houston energy companies join new Carbon Measures coalition

The new Carbon Measures coalition will create a framework that eliminates double-counting of carbon pollution and attributes emissions to their sources. Photo via Getty Images.

Six companies with a large presence in the Houston area have joined a new coalition of companies pursuing a better way to track the carbon emissions of products they manufacture, purchase and finance. Houston-area members of the Carbon Measures coalition are Spring-based ExxonMobil; Air Liquide, whose U.S. headquarters is in Housto; Mitsubishi Heavy Industries, whose U.S. headquarters is in Houston; Honeywell, whose Performance Materials and Technologies business is based in Houston; BASF, whose global oilfield solutions business is based in Houston; and Linde, whose Linde Engineering Americas business is based in Houston. Continue reading.

4. Wind and solar supplied over a third of ERCOT power, report shows

A new report from the U.S. Energy Information Administration shows that wind and solar supplied more than 30 percent of ERCOT’s electricity in the first nine months of 2025. Photo via Unsplash.

Since 2023, wind and solar power have been the fastest-growing sources of electricity for the Electric Reliability Council of Texas (ERCOT) and increasingly are meeting stepped-up demand, according to a new report from the U.S. Energy Information Administration (EIA). The report says utility-scale solar generated 50 percent more electricity for ERCOT in the first nine months this year compared with the same period in 2024. Meanwhile, electricity generated by wind power rose 4 percent in the first nine months of this year versus the same period in 2024. Continue reading.

5. Rice University partners with Australian co. to boost mineral processing, battery innovation

Locksley Resources will provide antimony-rich feedstocks from a project in the Mojave Desert as part of a new partnership with Rice University that aims to develop scalable methods for extracting and utilizing antimony. Photo via locksleyresources.com.au.

Rice University and Australian mineral exploration company Locksley Resources have joined together in a research partnership to accelerate the development of antimony processing in the U.S. Antimony is a critical mineral used for defense systems, electronics and battery storage. Rice and Locksley will work together to develop scalable methods for extracting and utilizing antimony. Continue reading.