3 things to know this week: Baker Hughes makes moves, events not to miss, and more

Hou knew?

University of Houston gets new funding, events not to miss, and more things to know this week. Photo via UH.edu

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, a new energy innovation leader has been named, and three events to add to your August calendar.

Baker Hughes's energy transition moves

Last week, if you were reading EnergyCapital carefully, you may have noticed two different stories from Houston-based Baker Hughes.

The Baker Hughes Foundation granted $100,000 to the University of Houston Energy Transition Institute. The funding will work towards the ETI’s goals to support workforce development programs, and environmental justice research. UH's ETI launched a year ago through a $10 million grant from Shell USA Inc. and Shell Global Solutions (US) Inc. Read more.

Also last week, Baker Hughes announced 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 a 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." Read more.

Person to know: Timmeko Moore Love

Greentown Labs has named its inaugural Greentown Houston general manager. The climatetech incubator named Timmeko Moore Love to the role last week.

“Greentown Labs is committed to ensuring founders’ success and is an agent of action in the fight against climate change,” says Love in the release. “I am excited to continue my service to the Greater Houston climate innovation ecosystem through this esteemed platform, and partner internally and externally to evolve and expand our services and programs.” Read more.

Upcoming events to put on your radar

It's a slow week for energy transition events, but here are three later this month you need to know about.

August 22-23 — SPE Energy Transition Symposium's goal is to deliver a prominent and dedicated energy transition event by collecting and disseminating the knowledge from industry leaders, technical experts, academicians, practitioners, financial community and ESG leaders, and together through collaboration, advance the conversations, technology and exchanges that will move our industry forward.
August 28-30 — Industrial IMMERSIVE Week attracts the most industrial, energy, and engineering tech professionals making investment, strategy and tactical decisions, or building, scaling and executing pioneering XR/3D/Simulations, digital twin, reality capture, edge /spatial computing, AI/ML, connected workforce & IIoT projects within their enterprise.
August 30-31 — Carbon & ESG Strategies Conference, presented by Hart Energy, will highlight carbon capture and storage projects and technologies onshore and offshore, direct air capture, enhanced oil recovery, responsibly sourced gas, renewable natural gas, federal funding challenges and insurance issues, ESG initiatives, regulatory concerns and much more.

The University of Houston is hosting an open house to introduce its Seismic Data Center. Photo courtesy of UH

Can’t-miss Houston energy event: UH-DGH Center for Hydrocarbon Exploration Symposium

where to be

The University of Houston is hosting a morning full of thought leadership and networking in partnership with the Directorate General Hydrocarbon (DGH), the technical arm of the Indian Ministry of Petroleum and Natural Gas, to showcase the new UH Seismic Data Center.

When: Friday, July 7, from 9 am to noon.

Where: UH Technology Bridge, Building 9, Room 135. 5000 Gulf Freeway Houston, TX 77204

Who: Industry and academic leaders

Learn more and register.

The UH Seismic Data Center, which was announced earlier this year, was established via a five-year agreement between UH and DGH. The center aims to generate reliable information on the energy industry — including seismic, well, reservoir and production data.

“This MoU is essentially an agreement to spur collaboration and combine the strengths of the involved parties for greater good,” Ramanan Krishnamoorti, vice president of energy and innovation at UH, said in a February news release announcing the partnership. “UH is in Houston, the Energy Capital of the World and the DGH has this wonderful wealth of information in its National Data Repository.

"By working together, we will maximize the potential of this important data and it will serve as an excellent research foundation,” he continued.

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Houston robotics company unveils extreme-temperature tank robot

hot new robot

Houston- and Boston-based Square Robot Inc.'s newest tank inspection robot is commercially available and certified to operate at extreme temperatures.

The new robot, known as the SR-3HT, can operate from 14°F to 131°F, representing a broader temperature range than previous models in the company's portfolio. According to the company, its previous temperature range reached 32°F to 104°F.

The new robot has received the NEC/CEC Class I Division 2 (C1D2) certification from FM Approvals, allowing it to operate safely in hazardous locations and to perform on-stream inspections of aboveground storage tanks containing products stored at elevated temperatures.

“Our engineering team developed the SR-3HT in response to significant client demand in both the U.S. and international markets. We frequently encounter higher temperatures due to both elevated process temperatures and high ambient temperatures, especially in the hotter regions of the world, such as the Middle East," David Lamont, CEO of Square Robot, said in a news release. "The SR-3HT employs both active and passive cooling technology, greatly expanding our operating envelope. A great job done (again) by our engineers delivering world-leading technology in record time.”

The company's SR-3 submersible robot and Side Launcher received certifications earlier this year. They became commercially available in 2023, after completing initial milestone testing in partnership with ExxonMobil, according to Square Robot.

The company closed a $13 million series B round in December, which it said it would put toward international expansion in Europe and the Middle East.

Square Robot launched its Houston office in 2019. Its autonomous, submersible robots are used for storage tank inspections and eliminate the need for humans to enter dangerous and toxic environments.

Houston oil giant ConocoPhillips will lay off up to 25% of workforce

Workforce News

Oil giant ConocoPhillips is planning to lay off up to a quarter of its workforce, amounting to thousands of jobs, as part of broader efforts from the company to cut costs.

A spokesperson for ConocoPhillips confirmed the layoffs on Wednesday, September 3, noting that 20% to 25% of the company's employees and contractors would be impacted worldwide. ConocoPhillips currently has a global headcount of about 13,000 — meaning that the cuts would impact between 2,600 and 3,250 workers.

“We are always looking at how we can be more efficient with the resources we have,” a ConocoPhillips' spokesperson said via email, adding that the company expects the “majority of these reductions” to take place before the end of 2025.

ConocoPhillips' shares fell 4.3% last week. The Houston-based company's stock now sits at under $95 per share, down nearly 14% from a year ago.

News of the coming layoffs was first reported by Reuters, with anonymous sources telling the outlet that CEO Ryan Lance detailed the plans in a video message earlier Wednesday. In that video, Reuters reported, Lance said the company needed “fewer roles” while he cited rising costs.

Last month, ConocoPhillips reported second-quarter earnings of $1.97 billion. That beat Wall Street expectations, but was down from the nearly $2.33 billion the company reported for the same period last year.

In its latest earnings, reported on August 7, ConocoPhillips continued to point to cost cutting efforts — noting that it had identified more than $1 billion in cost reductions and margin optimization. The company also said it had agreed to sell its Anadarko Basin assets for $1.3 billion.

Engie launches next-generation data center development in Texas

coming soon

Houston-based Engie North America has entered into an agreement with Wyoming-based Prometheus Hyperscale to develop liquid-cooled data centers at select renewable and battery storage energy facilities along Texas’ I-35 corridor. Its first AI-ready data center compute capacity sites are expected to go live in 2026.

“By leveraging our robust portfolio of wind, solar, and battery storage assets — combined with our commercial and industrial supply capabilities and deep trading expertise — we're providing integrated energy solutions that support scalable, resilient, and sustainable infrastructure," David Carroll, chief renewables officer and SVP of ENGIE North America, said in a news release.

Prometheus plans to use its high-efficiency, liquid-cooled data center infrastructure in conjunction with ENGIE's renewable and battery storage assets. Both companies believe they can meet the growing demand for reliable, sustainable compute capacity, which would support AI and other more demanding workloads.

"Prometheus is committed to developing sustainable, next-generation digital infrastructure for AI," Bernard Looney, chairman of Prometheus Hyperscale, said in the release. "We cannot do this alone—ENGIE's existing assets and expertise as a major player in the global energy transition make them a perfect partner as we work to build data centers that meet market needs today and tomorrow."

On-site power generation provider Conduit Power will assist Prometheus for near-term bridging and back-up solutions, and help tenants to offset project-related carbon emissions through established market-based mechanisms.

More locations are being planned for 2027 and beyond.

"Our collaboration with Prometheus demonstrates our shared approach to finding innovative approaches to developing, building and operating projects that solve real-world challenges,” Carroll added in the release.

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