New energy networking app, events you can't miss, and more things to know in Houston this week

Hou knew?

Events not to miss, a new app launches for the energy industry, and more things to 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. Meet the new leaders of ERCOT, an app you probably should download, and events not to miss this week.

Energy networking: There's an app for that

This Houston-based media company launched a networking platform to help solve the energy crisis. Screenshots via apps.apple.com

The Digital Wildcatters have created a platform for individuals to get their questions answered by experts and a space for companies seeking qualified talent. Collide is structured to ignite the next generation of energy innovators, as Collin McLelland, co-founder and CEO of Digital Wildcatters, tells EnergyCapital.

“If you look at what we’ve done historically with Digital Wildcatters, we’ve built an extremely engaged community of energy professionals — it’s a next generation community, very young forward thinking professionals that are working towards solving the world’s energy crisis,” McLelland says.

The roll out of Collide has been intentionally gradual, McLelland says because they want to shape the user experience based on feedback from ongoing focus groups. Currently they have about 1,000 users and are examining how they can make the app valuable to them before providing the platform to a wider audience.

McLelland says there are two major issues within the energy sector that Collide hopes to address — a lack of knowledge about energy verticals and difficulty recruiting talent.

“What we really see with our platform is being able to bring people together where if you want to find a piece of information, you need to find a subject matter expert, or if you want to find your next job, it happens on the Collide platform,” McLelland says. Read the full story.

Upcoming must-attend events to put on your radar

Two events this month the energy transition community needs to know about. Photos by Jeff Fitlow/Rice University

September 14-15 — The Ninth Annual Digitalization in Oil & Gas Conference will focus on digitalization, decarbonization, and innovation within the energy industry across five tracks: IoT, blockchain, digital twins, edge computing, and connectivity for upstream, midstream, and downstream operators.
September 21 — The Rice Alliance Energy Tech Venture Forum is an opportunity to learn about the latest emerging technologies, meet investors to seek funding, see promising companies, and more.

People to know this week

A quick who's who roundup from last week's EnergyCapital coverage. Photo via Getty Images

Missed some of EnergyCapital's news from last week? Catch up on who to know here.

The Electric Reliability Council of Texas, or ERCOT, announced a reorganization amongst its leadership. Effective September 1, four ERCOT leaders have new titles and positions: Woody Rickerson has been named to the newly created position of senior vice president and COO; Kristi Hobbs, who previously served as vice president of corporate strategy and public utility commission relations, will replace Rickerson as vice president of system planning and weatherization and will report directly to Rickerson; Betty Day, vice president of security and compliance and chief compliance officer, has assumed oversight of business continuity; and Rebecca Zerwas will serve as director of state policy and public utility commission relations, board liaison. Read the full story.
Launched in 2022, The Texas Southern University Division for Research & Innovation is spearheading the institutions efforts in attaining the highest-tier classification for research in higher education institutions. Michelle Penn-Marshall, who serves as vice president for the division, recently sat down with the Houston Energy Transition Initiative to talk about the university’s mission to become a leader in research and the long-term goals for engaging students in the energy sector and advancing the energy transition. Read the full story.
With over a billion cars currently on the road — each with four tires that will eventually end up discarded, one Houstonian is hoping to create the infrastructure to sustainably dispose of tire waste now and into the future. Vibhu Sharma founded InnoVent Renewables to establish production facilities that utilize a proprietary continuous pyrolysis technology that is able to convert waste tires, plastics, and biomass into fuels and chemicals. In a Q&A with EnergyCapital, Sharma explains his plans to sustainably impact the tire waste space and his vision for his company. Read the full story.

ERCOT has made four leadership changes. Photo courtesy of ERCOT

ERCOT makes major leadership changes, names COO

reorganization

Last week, the Electric Reliability Council of Texas, or ERCOT, announced a reorganization amongst its leadership.

“These changes were designed to harness the collaborative talents and strengths of our experienced team in supporting the delivery of reliable and efficient energy to the millions of Texans that we serve,” Pablo Vegas, ERCOT President and CEO, says in a news release.

Effective September 1, four ERCOT leaders have new titles and positions.

Woody Rickerson has been named to the newly created position of senior vice president and COO of ERCOT. He previously served as vice president of system planning and weatherization. In his new role, he will maintain control over weatherization and planning while adding grid and commercial operations to his responsibilities.

“This new position will leverage Rickerson’s deep operations experience and support ERCOT’s continued investments in grid innovations,” adds Vegas.

Kristi Hobbs, who previously served as vice president of corporate strategy and public utility commission relations, will replace Rickerson as vice president of system planning and weatherization and will report directly to Rickerson. She will oversee transmission planning, generator interconnection activities, modeling, and weatherization in her new role.

ERCOT announced two other appointments:

Betty Day, vice president of security and compliance and chief compliance officer, has assumed oversight of business continuity.
Rebecca Zerwas will serve as director of state policy and public utility commission relations, board liaison.

“As our industry faces dynamic changes, ERCOT is continuously evolving and making the necessary improvements to the grid to support the needs of a growing population and robust economy," Vegas says. "This reorganization allows us to sharpen our focus on daily operations while implementing our long-term strategic plan."

Images via ERCOT.com

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1PointFive secures new buyer for Texas CO2 removal project

seeing green

Houston’s Occidental Petroleum Corp., or Oxy, and its subsidiary 1PointFive have secured another carbon removal credit deal for its $1.3 billion direct air capture (DAC) project, Stratos.

California-based Palo Alto Networks has agreed to purchase 10,000 tons of carbon dioxide removal (CDR) credits over five years from the project, according to a news release.

The company joins others like Microsoft, Amazon, AT&T, Airbus, the Houston Astros and the Houston Texans that have agreed to buy CDR credits from 1Point5.

"Collaborating with 1PointFive in this carbon removal credit agreement highlights our proactive approach toward exploring innovative solutions for a greener future,” BJ Jenkins, president of Palo Alto Networks, said in the release.

The Texas-based Stratos project is slated to come online this year near Odessa. It's being developed through a joint venture with investment manager BlackRock and is designed to capture up to 500,000 metric tons of CO2 per year. The U.S Environmental Protection Agency recently approved Class VI permits for the project.

DAC technology pulls CO2 from the air at any location, not just where carbon dioxide is emitted. Under the agreement with Palo Alto Networks and others, the carbon dioxide that underlies the credits will be stored in a below-the-surface saline aquifer and won’t be used to produce oil or gas.

“We look forward to collaborating with Palo Alto Networks and using Direct Air Capture to help advance their sustainability strategy,” Michael Avery, president and general manager of 1PointFive, said in the release. “This agreement continues to build momentum for high-integrity carbon removal while furthering DAC technology to support energy development in the United States.”

Houston researchers develop strong biomaterial that could replace plastic

plastic problem

Collaborators from two Houston universities are leading the way in engineering a biomaterial into a scalable, multifunctional material that could potentially replace plastic.

The research was led by Muhammad Maksud Rahman, an assistant professor of mechanical and aerospace engineering at the University of Houston and an adjunct assistant professor of materials science and nanoengineering at Rice University. The team shared its findings in a study in the journal Nature Communications earlier this month. M.A.S.R. Saadi, a doctoral student in material science and nanoengineering at Rice, served as the first author.

The study introduced a biosynthesis technique that aligns bacterial cellulose fibers in real-time, which resulted in robust biopolymer sheets with “exceptional mechanical properties,” according to the researchers.

Biomaterials typically have weaker mechanical properties than their synthetic counterparts. However, the team was able to develop sheets of material with similar strengths to some metals and glasses. And still, the material was foldable and fully biodegradable.

To achieve this, the team developed a rotational bioreactor and utilized fluid motion to guide the bacteria fibers into a consistent alignment, rather than allowing them to align randomly, as they would in nature.

The process also allowed the team to easily integrate nanoscale additives—like graphene, carbon nanotubes and boron nitride—making the sheets stronger and improving the thermal properties.

“This dynamic biosynthesis approach enables the creation of stronger materials with greater functionality,” Saadi said in a release. “The method allows for the easy integration of various nanoscale additives directly into the bacterial cellulose, making it possible to customize material properties for specific applications.”

Ultimately, the scientists at UH and Rice hope this discovery could be used for the “next disposable water bottle,” which would be made by biodegradable biopolymers in bacterial cellulose, an abundant resource on Earth.

Additionally, the team sees applications for the materials in the packaging, breathable textiles, electronics, food and energy sectors.

“We envision these strong, multifunctional and eco-friendly bacterial cellulose sheets becoming ubiquitous, replacing plastics in various industries and helping mitigate environmental damage,” Rahman said the release.

America's only rare earth producer announces $500M agreement with Apple

Digging In

MP Materials, which runs the only American rare earths mine, announced a new $500 million agreement with tech giant Apple on Tuesday to produce more of the powerful magnets used in iPhones as well as other high-tech products like electric vehicles.

This news comes on the heels of last week’s announcement that the U.S. Defense Department agreed to invest $400 million in shares of the Las Vegas-based company. That will make the government the largest shareholder in MP Materials and help increase magnet production.

Despite their name, the 17 rare earth elements aren’t actually rare, but it’s hard to find them in a high enough concentration to make a mine worth the investment.

They are important ingredients in everything from smartphones and submarines to EVs and fighter jets, and it's those military applications that have made rare earths a key concern in ongoing U.S. trade talks. That's because China dominates the market and imposed new limits on exports after President Donald Trump announced his widespread tariffs. When shipments dried up, the two sides sat down in London.

The agreement with Apple will allow MP Materials to further expand its new factory in Texas to use recycled materials to produce the magnets that make iPhones vibrate. The company expects to start producing magnets for GM's electric vehicles later this year and this agreement will let it start producing magnets for Apple in 2027.

The Apple agreement represents a sliver of the company's pledge to invest $500 billion domestically during the Trump administration. And although the deal will provide a significant boost for MP Materials, the agreement with the Defense Department may be even more meaningful.

Neha Mukherjee, a rare earths analyst with Benchmark Mineral Intelligence, said in a research note that the Pentagon's 10-year promise to guarantee a minimum price for the key elements of neodymium and praseodymium will guarantee stable revenue for MP Minerals and protect it from potential price cuts by Chinese producers that are subsidized by their government.

“This is the kind of long-term commitment needed to reshape global rare earth supply chains," Mukherjee said.

Trump has made it a priority to try to reduce American reliance on China for rare earths. His administration is both helping MP Materials and trying to encourage the development of new mines that would take years to come to fruition. China has agreed to issue some permits for rare earth exports but not for military uses, and much uncertainty remains about their supply. The fear is that the trade war between the world’s two biggest economies could lead to a critical shortage of rare earth elements that could disrupt production of a variety of products. MP Materials can't satisfy all of the U.S. demand from its Mountain Pass mine in California’s Mojave Desert.

The deals by MP Materials come as Beijing and Washington have agreed to walk back on their non-tariff measures: China is to grant export permits for rare earth magnets to the U.S., and the U.S. is easing export controls on chip design software and jet engines. The truce is intended to ease tensions and prevent any catastrophic fall-off in bilateral relations, but is unlikely to address fundamental differences as both governments take steps to reduce dependency on each other.

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