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This Houston organization is on a mission to shrink the city's carbon footprint — one EV at a time

driving energy transition

Evolve Houston, founded in 2018 through Houston’s Climate Action Plan and relaunched last year, has launched a new tool for EV incentivization. Photo via Evolve

Equity and environmental impact characteristics often used to describe a company’s outlook on increased sustainability and fighting climate change.

Evolve Houston, which was founded in 2018 through Houston’s Climate Action Plan and relaunched last year, is one of the organizations leading the way, and now with their Grant Tracker program, they are giving back to those who are giving back to the planet.

“Raising awareness is a critical part of accelerating a new technology, this includes awareness of incentives that individuals and fleets in the Greater Houston region may be eligible for,” Casey Brown, executive director and president, tells EnergyCapital. “Beyond understanding incentives, most Houstonians have not experienced an EV for themselves. With the support of our Founding Members (Shell, NRG Energy, CenterPoint Energy, University of Houston, and the City of Houston), we offer educational and experiential ways for Houstonians to interact with EVs and learn more about the benefits.”

The Grant Tracker aims to make it easier to find funding opportunities, and assist with current grants available to organizations and individuals that are committed to a goal of zero emissions. The tracker serves as a tool to assist with purchasing an EV and charging equipment. Ultimately, Evolve wants to assist and fund those looking to make the transition to electric.

Anup Parikh and his company Pangea Charging, through EVOLVE, was granted a project to help bring charging capacity for EVs to help build the infrastructure in areas and apartment complexes that traditionally would not have them.

“People see electric vehicles as high-end and a luxury lifestyle, when in fact it can happen for everybody,” Parikh said in a promotional video.

In addition to the Grant Tracker program, Evolve’s Mobility Microgrant Initiative will partner with local nonprofits,community reviewers, and corporate catalysts to award funding to eMobility projects aimed at serving mobility needs in Houston's underserved neighborhoods. In July, Evolve teamed up with RYDE and District D Council Member Carolyn Evans-Shabazz to bring the free on-demand electric local shuttle service to residents in the Third Ward area, which was one of the many microgrants associated with the project. RYDE’s service in the area has been extended recently into the fall and “until further notice” according to a newsletter from EVOLVE.

“Private investments in this sector follow EV adoption,“ Brown says. “Investing in areas early creates more opportunity for EV technology interaction and benefits.

"We are excited about the success of our Equity Program and the exciting projects it has funded across Houston," he continues. "Today, we accomplish this through our eMobility Microgrant Initiative, a community-led investment program focused on historically disadvantaged communities, and aimed to tackle community needs with electric vehicle technologies. We have had a very successful Round 1 of investments this year and we are excited to announce round two grant winners in January of 2024.”

As Evolve continues to evolve its sphere of influence, the company still aims for its goal to have half of the vehicles in the city be electric by 2030. The company says that EVs should be for all Houstonians, not just for some.

“Houston maintains some of the lowest population density and longest commute distances of major U.S. cities, and we have an immense amount of business and goods that flow through Houston,” Brown said. “We see a landscape that can uniquely achieve larger financial and environmental benefits of EV technologies. One way that we share these benefits is being the Presenting Sponsor of the Houston Auto Show. We also summarize the local EV sector through our R.I.S.E. report and maintain an actionable, forward view in our EV Roadmap; both sources can be found on our website and are undergoing a refresh as we close 2023.”

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Solar surpasses coal to become ERCOT’s third-largest power source in 2025

by the numbers

Solar barely eclipsed coal to become the third biggest source of energy generated for the Electric Reliability Council of Texas (ERCOT) in 2025, according to new data.

In 2024, solar represented 10 percent of energy supplied to the ERCOT electric grid. Last year, that number climbed to 14 percent. During the same period, coal’s share remained at 13 percent.

From the largest to smallest share, here’s the breakdown of other ERCOT energy sources in 2025 compared with 2024:

  • Combined-cycle gas: 33 percent, down from 35 percent in 2024
  • Wind: 23 percent, down from 24 percent in 2024
  • Natural gas: 8 percent, down from 9 percent in 2024
  • Nuclear: 8 percent, unchanged from 2024
  • Other sources: 1 percent, unchanged from 2024

Combined, solar and wind accounted for 37 percent of ERCOT energy sources.

Looking ahead, solar promises to reign as the star of the ERCOT show:

  • An ERCOT report released in December 2024 said solar is on track to continue outpacing other energy sources in terms of growth of installed generating capacity, followed by battery energy storage.
  • In December, ERCOT reported that more than 11,100 megawatts of new generating capacity had been added to its grid since the previous winter. One megawatt of electricity serves about 250 homes in peak-demand periods. Battery energy storage made up 47 percent of the new capacity, with solar in second place at 40 percent.

The mix of ERCOT’s energy is critical to Texas’ growing need for electricity, as ERCOT manages about 90 percent of the electric load for the state, including the Houston metro area. Data centers, AI and population growth are driving heightened demand for electricity.

In the first nine months of 2025, Texas added a nation-leading 7.4 gigawatts of solar capacity, according to a report from data and analytics firm Wood Mackenzie and the Solar Energy Industries Association.

“Remarkable growth in Texas, Indiana, Utah and other states ... shows just how decisively the market is moving toward solar,” says Abigail Ross Hopper, president and CEO of the solar association.

New UH white paper pushes for national plastics recycling policy

plastics paper

The latest white paper from the University of Houston’s Energy Transition Institute analyzes how the U.S. currently handles plastics recycling and advocates for a national, policy-driven approach.

Ramanan Krishnamoorti, vice president for energy and innovation at UH; Debalina Sengupta, assistant vice president and chief operating officer at the Energy Transition Institute; and UH researcher Aparajita Datta authored the paper titled “Extended Producer Responsibility (EPR) for Plastics Packaging: Gaps, Challenges and Opportunities for Policies in the United States.” In the paper, the scientists argue that the current mix of state laws and limited recycling infrastructure are holding back progress at the national level.

EPR policies assign responsibility for the end-of-life management of plastic packaging to producers or companies, instead of taxpayers, to incentivize better product design and reduce waste.

“My hope is this research will inform government agencies on what policies could be implemented that would improve how we approach repurposing plastics in the U.S.,” Krishnamoorti said in a news release. “Not only will this information identify policies that help reduce waste, but they could also prove to be a boon to the circular economy as they can identify economically beneficial pathways to recycle materials.”

The paper notes outdated recycling infrastructure and older technology as roadblocks.

Currently, only seven states have passed EPR laws for plastic packaging. Ten others are looking to pass similar measures, but each looks different, according to UH. Additionally, each state also has its own reporting system, which leads to incompatible datasets. Developing national EPR policies or consistent nationwide standards could lead to cleaner and more efficient processes, the report says.

The researchers also believe that investing in sorting, processing facilities, workforce training and artificial intelligence could alleviate issues for businesses—and particularly small businesses, which often lack the resources to manage complex reporting systems. Digital infrastructure techniques and moving away from manual data collection could also help.

Public education on recycling would also be “imperative” to the success of new policies, the report adds.

“Experts repeatedly underscored that public education and awareness about EPR, including among policymakers, are dismal,” the report reads. “Infrastructural limitations, barriers to access and the prevailing belief that curbside recycling is ineffective in the U.S. contribute to public dissatisfaction, misinformation and, in some cases, opposition toward the use of taxpayers’ and ratepayers’ contributions for EPR.”

For more information, read the full paper here.

Investment bank opens energy-focused office in Houston

new to hou

Investment bank Cohen & Co. Capital Markets has opened a Houston office to serve as the hub of its energy advisory business and has tapped investment banking veteran Rahul Jasuja as the office’s leader.

Jasuja joined Cohen & Co. Capital Markets, a subsidiary of financial services company Cohen & Co., as managing director, and head of energy and energy transition investment banking. Cohen’s capital markets arm closed $44 billion worth of deals last year.

Jasuja previously worked at energy-focused Houston investment bank Mast Capital Advisors, where he was managing director of investment banking. Before Mast Capital, Jasuja was director of energy investment banking in the Houston office of Wells Fargo Securities.

“Meeting rising [energy] demand will require disciplined capital allocation across traditional energy, sustainable fuels, and firm, dispatchable solutions such as nuclear and geothermal,” Jasuja said in a news release. “Houston remains the center of gravity where capital, operating expertise, and execution come together to make that transition investable.”

The Houston office will focus on four energy verticals:

  • Energy systems such as nuclear and geothermal
  • Energy supply chains
  • Energy-transition fuel and technology
  • Traditional energy
“We are making a committed investment in Houston because we believe the infrastructure powering AI, defense, and energy transition — from nuclear to rare-earth technology — represents the next secular cycle of value creation,” Jerry Serowik, head of Cohen & Co. Capital Markets, added in the release.
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