3 things to know this week in Houston's energy transition ecosystem

quick catch up

Here's what you need yo know this week. Photo via Getty Images

Editor's note: It's a new week — start it strong with three quick things to know in Houston's energy transition ecosystem: Baker Hughes makes headlines for new hydrogen tech and grants, three people to know in energy, and more.

Who to know

Last week, EnergyCapital had three stories introducing you to key players within the energy transition:

Patrick Sullivan, president and of Hawaii-based Oceanit, explained the impact the company is having on the energy transition in Houston and beyond. Read more.
Ken Gilmartin, CEO of Wood, shared his company’s strategic mission for the future and their recent wins in the energy space that are driving the energy transition forward. Read more.
Tania Ortiz Mena was named president of Sempra Infrastructure, which is based in Houston. Read more.

What to attend

Here are two events not to miss this month. Photo via Getty Images

Put these upcoming events on your radar.

October 10-11 — SPRINT Robotics World Conference and Exhibition will show that many robots are in use and that the industry is accelerating and starting to scale. Learn more.
October 30-31 — Fuze is a must-attend event for executives, investors, and founders serious about solving the energy crisis and boosting company efficiency. Learn more.

Baker Hughes makes moves

Missed these storied about Baker Hughes? Photo courtesy of Baker Hughes

As you might have seen, Baker Hughes had two pieces of news last week.

Houston-based energy technology company Baker Hughes is rolling out two new products — pressure sensors for the hydrogen sector.

“Hydrogen plays a key role in the transition to a more sustainable, lower-emissions future but also poses challenges for infrastructure and equipment due to hydrogen embrittlement,” Gordon Docherty says. Read more.

Additionally, the Baker Hughes Foundation revealed details on a $75,000 grant to Houston Minority Supplier Development Council, or HMSDC, and a $100,000 grant to Washington, D.C.-based WEConnect International. HMSDC supports economic growth of minority-owned businesses, and WEConnect International is focused on women-owned companies. Read more.

Baker Hughes rolls out new energy tech for hydrogen sector

upgraded

Houston-based energy technology company Baker Hughes is rolling out two new products — pressure sensors for the hydrogen sector.

Designed to provide long-term stability and withstand harsh conditions, the Druck pressure sensors are geared toward gas turbines, hydrogen production electrolysis, and hydrogen filling stations, the company says.

Gordon Docherty, general manager of the Druck product line, calls the new hydrogen technology “an exciting breakthrough in the world of pressure measurement.”

Baker Hughes’ Druck hydrogen pressure sensors will be displayed September 27-28 at the Hydrogen Technology Expo Europe in Bremen, Germany.

The company’s other hydrogen products include compressors, valves, gas turbines, and pumps.

During its second-quarter earnings call in July, Baker Hughes reported that it’s boosting R&D spending for its “New Energy” strategy. This includes money earmarked for hydrogen technology. As of July, Baker Hughes had spent about $40 million this year on small-scale R&D projects.

The company has spent decades working on hydrogen innovations. It created the world’s first hydrogen compressor in 1962. And in 2008, it built the world’s first turbine running solely on hydrogen.

Baker Hughes’ advancements in hydrogen technology come as the market for clean hydrogen grows. A report published this year by professional services firm Deloitte predicts the global market for clean hydrogen will expand to $1.4 trillion per year by 2050, up from a projected $642 billion in 2030.

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Houston company completes orphan well decommission project in the Gulf

temporary abandonment

Houston-based Promethean Energy announced this month that it has successfully decommissioned offshore orphaned wells in the Matagorda Island lease area.

Around this time last year, the company shared that it would work on the temporary abandonment of nine orphan wells on behalf of the Department of Interior's Bureau of Safety and Environmental Enforcement, or BSEE, in the area. Promethean is known for decommissioning mature assets in a cost-effective and environmentally sustainable manner.

“Our team is incredibly proud to have completed this critical work efficiently, safely, and ahead of budget,” Steve Louis, SVP of decommissioning at Promethean Energy, said in a news release. “By integrating our expertise, technologies and strategic partnerships, we have demonstrated that decommissioning can be both cost-effective and environmentally responsible.”

The company plans to use the Matagora Island project as a replicable model to guide similar projects worldwide. The project used comprehensive drone inspections, visual intelligence tools for safety preparations and detailed well diagnostics to plug the wells.

Next up, Promethean is looking to decommission more of the estimated 14,000 unplugged wells in the Gulf.

"Building on our strong execution performance, our strategy is to continue identifying synergies with other asset owners, fostering collaboration, and developing sustainable decommissioning campaigns that drive efficiency across the industry," Ernest Hui, chief strategy officer of Promethean Energy, added in the release.

Oxy opens energy-focused innovation center in Midtown Houston

moving in

Houston-based Occidental officially opened its new Oxy Innovation Center with a ribbon cutting at the Ion last month.

The opening reflects Oxy and the Ion's "shared commitment to advancing technology and accelerating a lower-carbon future," according to an announcement from the Ion.

Oxy, which was named a corporate partner of the Ion in 2023, now has nearly 6,500 square feet on the fourth floor of the Ion. Rice University and the Rice Real Estate Company announced the lease of the additional space last year, along with agreements with Fathom Fund and Activate.

At the time, the leases brought the Ion's occupancy up to 90 percent.

Additionally, New York-based Industrious plans to launch its coworking space at the Ion on May 8. The company was tapped as the new operator of the Ion’s 86,000-square-foot coworking space in Midtown in January.

Dallas-based Common Desk previously operated the space, which was expanded by 50 percent in 2023 to 86,000 square feet.

CBRE agreed to acquire Industrious in a deal valued at $400 million earlier this year. Industrious also operates another local coworking space is at 1301 McKinney St.

Industrious will host a launch party celebrating the new location Thursday, May 8. Find more information here.

Oxy Innovation Center. Photo via LinkedIn.

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This story originally appeared on our sister site, InnovationMap.com.

Houston climatech company signs on to massive carbon capture project in Malaysia

big deal

Houston-based CO2 utilization company HYCO1 has signed a memorandum of understanding with Malaysia LNG Sdn. Bhd., a subsidiary of Petronas, for a carbon capture project in Malaysia, which includes potential utilization and conversion of 1 million tons of carbon dioxide per year.

The project will be located in Bintulu in Sarawak, Malaysia, where Malaysia LNG is based, according to a news release. Malaysia LNG will supply HYCO1 with an initial 1 million tons per year of raw CO2 for 20 years starting no later than 2030. The CCU plant is expected to be completed by 2029.

"This is very exciting for all stakeholders, including HYCO1, MLNG, and Petronas, and will benefit all Malaysians," HYCO1 CEO Gregory Carr said in the release. "We approached Petronas and MLNG in the hopes of helping them solve their decarbonization needs, and we feel honored to collaborate with MLNG to meet their Net Zero Carbon Emissions by 2050.”

The project will convert CO2 into industrial-grade syngas (a versatile mixture of carbon monoxide and hydrogen) using HYCO1’s proprietary CUBE Technology. According to the company, its CUBE technology converts nearly 100 percent of CO2 feed at commercial scale.

“Our revolutionary process and catalyst are game changers in decarbonization because not only do we prevent CO2 from being emitted into the atmosphere, but we transform it into highly valuable and usable downstream products,” Carr added in the release.

As part of the MoU, the companies will conduct a feasibility study evaluating design alternatives to produce low-carbon syngas.

The companies say the project is expected to “become one of the largest CO2 utilization projects in history.”

HYCO1 also recently announced that it is providing syngas technology to UBE Corp.'s new EV electrolyte plant in New Orleans. Read more here.

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