Texas company lines up hundreds electric-hybrid planes for takeoff

flying green

Behold the future JSX Aura Aero Era 19-seat hybrid-electric aircraft. Rendering courtesy of JSX

Hop-on jet service JSX is soaring into a more eco-friendly future with plans to acquire more than 300 hybrid-electric airplanes.

The Dallas-based air carrier revealed in a release that they'll add up to 332 small hybrid planes in 2028, allowing them to connect to smaller, underserved communities around the country.

"Following the Biden Administration’s call last week for the aviation industry to cut carbon emissions ... JSX expects to take delivery of its first hybrid-electric aircraft in 2028, shepherding the next chapter of regional aviation as the first in its category to adopt this impactful cutting-edge renewable energy technology," JSX says in the release. "While commercial airlines can serve just 480 airports in the United States, JSX’s small community-friendly Part 135 and Part 380 Public Charter operations, combined with the exceptional performance capabilities of these hybrid-electric airplanes, enables service opportunities to thousands of federally funded airports otherwise inaccessible to people who can’t own or charter an entire aircraft."

The new cutting-edge airplanes will come from manufacturers Electra, Aura Aero, and Heart Aerospace and will include:

up to 82 Electra eSTOL 9-seat aircraft (32 firm orders and 50 options)
up to 150 Aura Aero Era 19-seat planes (50 firm orders and 100 options)
up to 100 Heart Aerospace ES-30 30-seat planes (50 firm orders and 50 options)

JSX currently operates about 50 semi-private planes configured with 30 seats, from private terminals in major cities including Dallas (Love Field) and Houston (Hobby Airport), and in "leisure" markets such as Destin, Florida and the Bahamas. The company recently shifted part of its operational focus to small markets (such as Midland-Odessa).

JSX promises a "no crowds, no lines, and no fuss" travel experience, allowing customers to check in and "hop on" just 20 minutes before departure. The carrier recently came under fire from federal regulators and major commercial airlines for its looser security regulations that more closely resemble those of charter providers than those of domestic airlines.

JSX is now doubling down on its pledge to service underserved cities, declaring in the release, "JSX has mastered the trifecta of marketing, selling, and operating attainable by-the-seat public charter air service to numerous small communities that have no other regular air service."

The future Heart Aerospace ES-30 30-seat hybrid-electric aircraft in JSX livery. Rendering courtesy of JSX

The new smaller, electric-hybrid aircraft will allow JSX to "dramatically lower the cost of its service and open new flight options at over 2,000 U.S. airports," they say, "stimulating local economies and empowering regional mobility and connectivity for communities devoid of regular air service today."

They point specifically to Del Rio, Texas, which has lost all commercial air service since the pandemic, they say, as an example of a small city that now can be reconnected to major cities in a cost-effective, sustainable way.

"The favorable operating economics of the Aura Aero Era, Heart ES-30, and Electra eSTOL can create thousands of new and expanded air travel options across the United States without the need for government subsidy," the company says.

In a statement, JSX CEO and cofounder Alex Wilcox adds, "As the network airlines order ever-larger aircraft it is inevitable that more and more small markets will be abandoned. Electra, Aura Aero, and Heart Aerospace are visionary organizations that share in JSX’s commitment to serving smaller communities, working together with us to weave sustainable regional air travel back into the fabric of American commerce and freedom of movement.”

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This article originally ran on CultureMap.

An innovative water production company has plans to create Houston-area plants — and more trending Houston energy transition news. Photo via skyh2o.com

M&A moves, innovative water co. expands, and more trending Houston energy transition news

well read

Editor's note: It's been a busy news week for energy transition in Houston, and some of this week's headlines resonated with EnergyCapital readers on social media and daily newsletter. Trending news included a unique water-producing company expanding in Texas new deals and partnerships, and more.

Innovative California company taps Houston area for purified water projects

A California tech company is planning on rolling out a handful of atmospheric water generation projects near Houston. Photo via skyh2o.com

Houstonians are used to filtering their water, but few really ponder why they’re doing it.

“Most people, when they think about water stress, they think about water scarcity, like what you see happening in Northern Africa or maybe the Southern U.S.,” says Alexander von Welczeck, chairman, president and CEO of SkyH2O. “A bigger, creeping issue, particularly in the industrialized world, is water toxicity.”

Some Houston tap water contains “forever chemicals” that can be toxic, as some reports have found. In fact, says von Welczeck, water toxicity is a problem across the Gulf Coast. That’s why the California-based businessman has identified Houston as the first region to benefit from SkyH2O’s technology. Read more.

Houston company closes offshore JV deal to drive innovation, efficiency in subsea production

The new joint venture, OneSubsea, is based in Oslo, Norway, and Houston. Photo courtesy

A new joint venture with co-headquarters in Houston will explore opportunities in the market for subsea systems that tap into offshore energy reserves.

The business, called OneSubsea, is a joint venture of Houston-based energy technology company SLB (Schlumberger), Norwegian energy engineering company Aker Solutions, and Luxembourg-based energy engineering company Subsea7. SLB holds a 70 percent stake in OneSubsea, with Aker’s share at 20 percent and Subsea7’s share at 10 percent.

The financial foundation of the joint venture is a combination of $700.5 million in stock, cash, and a promissory note. In addition, SLB and Aker folded their subsea businesses into the joint venture, which was announced in 2022. Read more.

Clean tech co. with U.S. HQ selected for UAE carbon capture project

Carbon Clean develops carbon capture technology for customers such as cement producers, steelmakers, refineries, and waste-to-energy plants. Photo via Carbon Clean

Abu Dhabi National Oil Co. (ADNOC), the state-owned oil company of the United Arab Emirates, has chosen technology from United Kingdom-based company Carbon Clean for a carbon capture project in Abu Dhabi. Carbon Clean’s U.S. headquarters is in Houston.

Carbon Clean’s modular CycloneCC technology will be used for a carbon capture project at a Fertiglobe nitrogen fertilizer plant. Fertiglobe is a joint venture between ADNOC and OCI Global, a Netherlands-based chemical company.

“This project is hugely significant given it’s the first industrial deployment of our award-winning CycloneCC technology anywhere in the world,” says Aniruddha Sharma, chairman and CEO of Carbon Clean. “We are moving a step closer to achieving full commercialization of this modular solution, which will play a vital role in decarbonizing heavy industries and achieving net-zero targets.”Read more.

Houston carbon storage solutions company names new energy transition leader at pivotal time of growth

Graham Payne, the new director of energy transition at Caliche Development Partners II, is bullish on Houston. Photo courtesy

Graham Payne sees a bright future for the multibillion-dollar energy transition economy in Houston.

“It’s been said that Houston is poised, like no other city, to lead the energy transition. And I’d have to agree, because we have all the requisite natural resources, industry, and talent,” says Payne, the new director of energy transition at Houston-based carbon capture, utilization, and storage (CCUS) company Caliche Development Partners II.

Caliche and other Houston-based energy transition companies secured $6.1 billion in private funding last year, up 62 percent from 2022, according to the Greater Houston Partnership. Read more.

Airline fuels up for new flights from Houston to oil-and-gas country

It's wheels up to Midland-Odessa in January. Photo courtesy of JSX

Hop-on jet service JSX is adding a new, year-round destination for the millions of Texans who work in oil and gas: Midland-Odessa.

Starting January 15, 2024, JSX will fly nonstop from Houston and Dallas to Odessa Airport-Schlemeyer Field (ODT). Read more.

It's wheels up to Midland-Odessa in January. Photo courtesy of JSX

Airline fuels up for new flights from Houston to oil-and-gas country

Hop-on jet service JSX is adding a new, year-round destination for the millions of Texans who work in oil and gas: Midland-Odessa.

Starting January 15, 2024, JSX will fly nonstop from Houston and Dallas to Odessa Airport-Schlemeyer Field (ODT). According to a release, the schedule and fares will be:

From Houston (HOU) to Odessa (ODT)

Regular flight service between Houston Hobby (HOU) and Odessa Airport-Schlemeyer Field (ODT), Monday through Thursday, two flights per day.
Introductory fares start at $309 (one-way) and include at least two checked bags (with weight/size restrictions), onboard cocktails and snacks, and free Starlink Wi-Fi.

FromDallas (DAL)toOdessa (ODT):

Regular flight service between Dallas Love Field (DAL) and Odessa Airport-Schlemeyer Field (ODT), Monday through Thursday, two flights per day.
Introductory fares start at $279 (one-way) and include at least two checked bags (with weight/size restrictions), onboard cocktails and snacks, and free Starlink Wi-Fi.

As with all JSX domestic flights, customers may check in just 20 minutes before departure (hence, the "hop-on" idea) and fly out of crowd-free private terminals. In Houston, that terminal is at Houston Hobby airport (8919 Paul B Koonce St.) and in Dallas, at Dallas Love Field (8555 Lemmon Ave.).

“JSX is proud to support Texas' energy economy by introducing our unique 'hop-on' jet service with daily flights connecting business commuters from Dallas and Houston to Odessa at the start of 2024,” says JSX CEO Alex Wilcox in the release. “Not only is Odessa central to the Permian Basin, but it's also home to companies powering some of the nation's largest wind and solar farms. We take pride in supporting those who supply the energy we all depend on every single day.”

JSX continues to tout its "no crowds, no lines, and no fuss" travel experience that made them especially popular during the pandemic.

Passengers have access to valet parking, touchless check-in, Wi-Fi lounges, and speedy baggage retrieval. The 30-seat planes are now beaming up to SpaceX's Starlink Wifi, and there's a pet-friendly policy that allows small dogs and cats to fly for a small fee.

The air carrier now serves routes across more than two dozen key North American markets. In 2023 and beyond, JSX plans to expand both its domestic and international flight service with new routes and expansion plans underway, they say.

View their full route map here. All flights are available for booking via the JSX website.

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This article originally ran on CultureMap.

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Panel: Houston's access to talent, strong network drives it as a city for scaling energy transition business

thought leadership

Time is of the essence when it comes to scaling energy transition businesses in Houston — at least that's what a group of panelists agreed on at a recent event from the Greater Houston Partnership.

The GHP's Future of Global Energy event, which took place on October 9, featured a panel entitled, "Epicenter of Energy Innovation for Scale" and was moderated by Barbara Burger, former president of Chevron Technology Ventures and current startup adviser and mentor. Joining Burger was Kristina Lund, president of Pattern Energy; Brooke Vandygriff, COO of HIF Global: and Bud Vos, CEO of MetOx International. All three companies have and plan to continue scaling in Houston.

The conversation covered some of the unique achievements each of the panelists' companies have reached recently, including HIF Global's millions raised to create e-fuels, MetOx's $25 million series B extension, and Pattern Energy's Southern Spirit project scoring $360 million from the Department of Energy to connect Texas's ERCOT to other states.

After covering the momentum each company has right now, Burger asked each of the panelists why Houston makes sense as a place for scaling their energy transition business.

"The U.S. has a great regulatory environment, ERCOT specifically. Texas is in the business of permitting projects," Vandygriff says. "If you take the right steps, you can get your permits. They are very responsive to attracting and recruiting businesses here."

Also attractive is Houston's existing energy workforce. Even when it comes to technology roles, Houston delivers.

"There is great tech talent here," Vos says, pointing out that Bill Gates called Houston the "Silicon Valley of energy" when he was here for CERAWeek. "I think there's an element of that that's very true. There's a lot innovation, there's a lot of creative thinking, and being able to come out of these businesses with huge momentum then go into startups and innovate is a culture change that I think Houston is going through."

The panelists, most of whom are not Houston natives, agreed in a welcoming culture within the business sector.

"I really think that Houston offers great hospitality, and the energy networks here are so strong," Lund says. "You feel the energy of the city."

Dallas-area business to acquire Houston renewable energy co.

M&A moves

Houston-based developer of utility-scale renewable energy Proteus Power is being acquired by JBB Advanced Technologies for an undisclosed amount after founder, chairman, and CEO, John B. Billingsley signed a letter of intent to purchase.

"I know the potential of renewable energy, both for our country and for the small landowners and communities we work with," Billingsley says in a news release. "Proteus Power is just the type of company I have known and grown in the past, and we're perfectly positioned to make it a very profitable company for our investors. In the near term, this very substantial business will provide a multi-billion-dollar boost to the Texas economy, from Lubbock to Midland, across West Texas and down to the Gulf Coast."

Proteus Power currently incorporates a total of 15.5 gigawatts of utility-scale renewable energy projects, which include utility-scale solar and battery energy storage systems. Nearly 5 gigawatts of both utility-scale solar and battery energy storage should be developed at an estimated EPC (Engineering, Procurement, and Construction) cost of $3.38 billion over the next four years.

Proteus Power projects also include multiple independent system operators: ERCOT West, ERCOT Houston, ERCOT North, ERCOT South, Miso LA/MS, Miso Illinois, Miso Texas, and SPP South.

Billingsley, who launched one of the nation's largest renewable energy companies, Tri Global Energy, with the purchase of Proteus Power, continues JBB’s efforts for “clean, affordable solar energy systems to commercial concerns” according to the company.

Proteus Power headquarters in Houston will move to JBB Advanced Technologies' headquarters in Carrollton, Texas, with all current employees being retained, pending the final acquisition, which is expected in the fourth quarter of 2024.A branch office is also planned to be located in Lubbock, Texas.

"The Proteus Power development team is clearly among the best in the renewable industry today," Billingsley adds. "The company has thrived under the leadership of Chief Development Officer Dan Phillips, and we at JBBAT are fortunate to inherit such a strong team to work with us as we move forward to jump back in the energy transition."

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

big deal

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.

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.

Ammann told Forbes that when it comes to available acreage in the Gulf Coast, this site is “the largest and most attractive from a geological point of view.”

The initial customer for the newly purchased site will be Northbrook, Illinois-based CF Industries, Forbes reported.

This summer, ExxonMobil sealed a deal to remove up to 500,000 metric tons of CO2 each year from CF’s nitrogen plant in Yazoo City, Mississippi. CF has earmarked about $100 million to build a CO2 dehydration and compression unit at the plant.

A couple of days before the lease announcement, Ammann said in a LinkedIn post that ExxonMobil had agreed to transport and annually store up to 1.2 metric tons of CO2 from the $1.6 billion New Generation Gas Gathering (NG3) pipeline project in Louisiana. Houston-based Momentum Midstream is developing NG3, which will collect and treat natural gas produced in Texas and Louisiana and deliver it to Gulf Coast markets.

This is ExxonMobil’s first CCS deal with a natural gas processor and fifth CCS deal agreement overall. To date, ExxonMobil has contracts in place for storage of up to 6.7 metric tons of CO2 per year.

“I’m proud that even more industries are choosing our #CCS solutions to meet their emissions reduction goals,” Ammann wrote on LinkedIn.

ExxonMobil says it operates the largest CO2 pipeline network in the U.S.

“The most fundamental thing we’re focused on is making sure the CO2 is stored safely and securely,” Ammann told Forbes in addressing fears that captured CO2 could seep back into the atmosphere.

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