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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.

Ken Gilmartin, CEO of Wood, joins HETI for a Q&A. Photo courtesy of HETI

Q&A: Houston engineering, consulting exec on designing a low-carbon future

the view from heti

Global engineering and consulting firm Wood is a pioneering force in the energy transition landscape.

The Houston Energy Transition Initiative recently sat down with Ken Gilmartin, CEO of Wood, to learn more about the company’s strategic mission for the future and their recent wins in the energy space that are driving the energy transition forward.

Houston Energy Transition Institute: Can you give our audience an overview of Wood and your mission to help reach net-zero?

Ken Gilmartin: We are a company of 36,000 remarkable people delivering some of the world’s most complex and transformative projects for our clients. As an engineering and consulting firm, we’re passionate about delivering net-zero solutions across two key markets, energy and materials.

Our passion derives from our people whose curiosity, skills and expertise have always driven the advancement and transformation of industry, pushing the envelope of what is possible. Sustainability is core to us as engineers and consultants and we take our responsibility in delivering the net-zero solutions critical to the world, very seriously.

We live in the future – designing and delivering facilities today that will operate more effectively, efficiently and sustainably tomorrow by integrating technologies to decarbonize and digital solutions that derive data to ensure this.

HETI: Wood was recently selected as an EPCM partner by Canadian battery materials company Euro Manganese Inc. with a mission to design Europe’s largest high-purity manganese processing facility. How critical is this project to the energy transition?  

KG: Hugely critical. As a mineral used in most lithium-ion batteries, it is core to the electric vehicle industry and therefore, the energy transition.

This project is the only significant source of manganese in the European Union today. With mineral reserves of 27 million tonnes, this project could provide up to 20 percent of the projected European demand for high-purity manganese, which will provide battery supply chains with critical raw materials to support the shift to a circular, low carbon economy.

This innovative project holds real significance for Wood as we continue to lead the development of critical mineral projects — with specialist expertise in hydrometallurgy and a passion for designing sustainable energy and materials infrastructure.

HETI: Closer to HETI’s home, what have you got going on in the region in the energy transition space?

KG: As a result of the Inflation Reduction Act and other key government policies and incentives, we’re seeing a significant uptick in the number of decarbonization projects, particularly hydrogen and carbon capture storage (CCS).

Wood is at the forefront of advising our clients on funding opportunities and taking the lead on the development of Department of Energy applications to ensure critical net zero projects go from paper to production. We see ourselves as a collaborator across the entire process, from funding and feasibility to engineering, design, start-up and operations.

Ten years ago, we delivered Century Plant in West Texas, which at the time, was the largest CO2 plant in the world. Our involvement in needle-moving projects in the region hasn’t stopped.

We have near 4000 people in Texas advising and delivering some of the most innovative energy transition projects, including work on the critical CCS and hydrogen hub program proposed right here in Houston and across the U.S. We’re also supporting our clients in the funding and application stages of their direct air capture projects; we’re meeting the demand for low-carbon fuel alternatives in the areas of hydrogen fuel-switching, electrofuels and biofuels; and we’re delivering e-methanol projects along the U.S. Gulf Coast that will target and abate maritime emissions. You name it, we’re doing it.

As the DOE looks to award further funding rounds for hydrogen, carbon capture and industrial decarbonization projects in 2024, we’re excited about the tremendous opportunities this presents for the region and the role we can play in Houston’s future as the world’s energy capital.

Learn more about Wood, and their work in the energy transition.

———

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.

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ExxonMobil expands Gulf Coast CCS business with Louisiana deal

carbon contract

Spring-based energy powerhouse ExxonMobil has picked up another project in the carbon capture and storage (CCS) market.

Natural gas pipeline operator Williams Cos. has tapped ExxonMobil to transport and store up to one metric ton per year of CO2 from Williams’ natural gas collection and processing plant in southwest Louisiana’s Haynesville Shale.

Williams will transport natural gas via its Louisiana Energy Gateway pipeline, then process the natural gas and deliver it to the Gulf Coast for export as liquefied natural gas (LNG). The LNG will be used in power generation, residential and commercial heating, and industrial processes.

Williams recently agreed to acquire Momentum Midstream for up to $5.5 billion to expand Williams’ LNG presence in the Haynesville Shale. Haynesville is the country’s third-largest producer of natural gas.

Once the deal closes, Williams will own a $1.5 billion project in southwest Louisiana that will expand capacity of the Transco natural gas distribution system. The system serves power and LNG-export customers. Williams will also gain over 4,000 miles of pipeline and more than one million acres.

While Williams is based in Tulsa, Oklahoma, it has a significant presence in Houston. Last month, Green Street’s Real Estate Alert reported Williams bought the 64-story, 1.4 million-square-foot Williams Tower south of The Galleria from Invesco Real Estate for more than $300 million. The company will occupy about 360,000 square feet in the skyscraper for its Houston hub.

Williams employs about 800 people in Bayou City, including roughly 700 who work at Williams Tower, and plans to hire another 100 by the end of this year.

The Williams deal is ExxonMobil’s seventh CCS contract. ExxonMobil’s CCS portfolio supports LNG, lower-carbon-intensity steel, ammonia, natural gas processing, industrial gases and methanol.

ExxonMobil has established a “carbon superhighway” along the Gulf Coast to fuel its CCS business. The company owns and operates a more than 1,300-mile CO2 pipeline system, the largest in the U.S.

“Carbon capture is becoming an increasingly important part of industrial operations, but capture alone doesn’t solve the problem of high emissions,” says ExxonMobil. “What matters next is how CO2 is transported, used, and stored.”

ExxonMobil’s CCS initiatives are aimed at capturing a chunk of the rapidly growing CCS market in the U.S. Straits Research forecasts the market will grow from $5.66 billion this year to $13.56 billion by 2034.

“It’s not every day you get to witness the birth of a new American industry, but that’s exactly what’s happening right now at the U.S. Gulf Coast,” Dominic Genetti, senior vice president of CCS at ExxonMobil, wrote in an article published last year on the company’s website.

Fervo Energy, Mercury Fund leaders named first experts in residence for TEX-E

energy mentors

Two leading companies in Houston's clean energy scene have been named the Texas Exchange for Energy & Climate Entrepreneurship's first experts in residence.

TEX-E announced this month that Houston-based geothermal unicorn Fervo Energy and venture capital firm Mercury Fund have joined the nonprofit's new Expert-in-Residence partnership. The program aims to connect TEX-E Fellows with "the people and organizations shaping the future of energy and entrepreneurship."

The 2026 TEX-E Fellows were named in June and include 67 students from six Texas universities and the Massachusetts Institute of Technology. Nineteen are from Houston universities. See the full list here.

Through the Expert-in-Residence program, fellows will be able to network and work with:

"More than anything, students need the determination and creativity to step outside of their comfort zones and tackle problems that lack clear answers. At Fervo, we've consistently bet on young people who lack traditional 'hard skills' but are willing to embrace uncertainty and learn on the job. That open-mindedness will take students far," Jewett said in a prepared statement. Fervo named Jewett as COO in June.

TEX-E was founded in 2022 through partnerships with MIT Martin Trust Center for Entrepreneurship and Greentown Labs. It works with university students from six schools: Rice University, University of Houston, Prairie View A&M University, The University of Texas at Austin, Texas A&M University and MIT.

The organization named Houston venture capital and innovation leader Sandy Guitar as its new executive director last year. Guitar previously served as general partner and managing director at Houston-based VC firm HX Venture Fund and is co-founder of Weathergage Capital.

TEX-E is known for its student track within the Energy Venture Day and Pitch Competition at CERAWeek. It awarded $50,000 to student teams from the University of Texas and Rice University. Read more here.

BP to sell Houston’s Archaea Energy after $4.1 billion bet on biogas

RNG exit

Oil and gas conglomerate BP is unloading its Houston-based U.S. renewable natural gas business just four years after buying it.

The British company announced the planned sale of Archaea during its most recent earnings call but offered few details.

On the call, BP’s new CEO, Meg O’Neill, said her company had put Archaea on the market and already had attracted interest from potential buyers. BP acquired Houston-based Archaea Energy, the country’s largest producer of renewable natural gas (RNG), in 2022 for about $4.1 billion.

BP, whose North American headquarters is in Houston, is streamlining its portfolio. As such, O’Neill said Archaea represents a “capital intense” approach to biogas instead of the “capital light” approach BP now favors.

“If there’s somebody who sees an opportunity to create additional value, who will invest in that business, who will build on the foundation, because our team has made really good progress in improving the profitability of that business, then that will be a good outcome,” O’Neill told Wall Street analysts.

The proposed sale of Archaea is part of BP’s effort to sell about $20 billion in assets by the end of next year.

Archaea captures biogas, a natural byproduct of waste decomposition at landfills and dairy farms, and converts it into electricity or RNG. This process leads to cleaner air, less odor, and more sustainable energy than traditional fossil fuels.

Archaea was slated to be a cornerstone of BP’s plan to boost its biogas supply by roughly 600 percent to the equivalent of about 70,000 barrels of oil per day.

Bioenergy had been identified as one of bp’s five pillars of its multibillion-dollar energy transition initiative.

Another pillar: EV charging. Last month, BP agreed to sell its EV charging business in Austria to Switzerland’s Volenergy, along with 250 BP-branded stores and a fleet of business vehicles.

“By concentrating our capital on the assets and markets where BP can be most competitive and best serve customers, we are strengthening our balance sheet and creating a stronger downstream portfolio,” Richard Harding, interim executive vice president of downstream at BP, said of the Volenergy deal.

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