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CenterPoint names 40-year industry veteran as exec for emergency response

onboarding

Don Daigler will be tasked to lead CenterPoint Energy's yearly work in preparation for, response to and recovery from all emergencies, which includes both natural disasters and man-made events. Photo via CenterPoint Energy/LinkedIn

CenterPoint Energy announced the hiring of industry veteran Don Daigler as the new senior vice president of CenterPoint’s Emergency Preparedness and Response.

Daigler will be tasked to lead the company’s yearly work in preparation for, response to and recovery from all emergencies, which includes both natural disasters and man-made events. Daigler and his team will coordinate with all public safety partners.

“I’m pleased to join CenterPoint Energy and lead its Emergency Preparedness and Response team to transform how we prepare, mitigate and respond to the impacts of hurricanes, extreme weather and other emergencies,” Daigler says in a news release. ”The year-round work of our team will help position CenterPoint to deliver the service our customers expect and deserve before, during and after emergencies when the need is greatest.”

He brings over 40 years of experience across private and public sectors in emergency management, and national security and business resiliency. Daigler most recently was the CEO and founder of Resilience Advisory Services, which specialized in advancing resilience efforts across critical infrastructure sectors. He also served as director of the Federal Emergency Management Agency’s Response Planning Division and chief of FEMA’s Tactical Incident Support Branch. Daigler also had leadership roles for the Environmental Protection Agency , National Nuclear Security Administration, and Reynolds Electrical and Engineering Company.

This leadership position “underscores CenterPoint’s commitment to improving its emergency response and coordination following Hurricane Beryl, and represents completing another of the more than 40 commitments CenterPoint made as part of the Greater Houston Resiliency Initiative (GHRI) in August,” according to CenterPoint. CenterPoint completed 41 of the 42 overall commitments. The last commitment is scheduled to be completed by the end of 2024.

“After Hurricane Beryl, we heard loud and clear the calls to improve our preparedness for storms and other emergencies,” President and CEO of CenterPoint Energy Jason Wells adds. “Don will play a leading role in enhancing these operations ahead of the 2025 hurricane season and making CenterPoint a model for other utilities in emergency management and preparedness. His hiring underscores our commitment to better serve our customers in the energy capital of the world and building the most resilient coastal grid in the country.”

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Jenny Speck joined Vinson & Elkins as a Houston-based partner in its Energy Transition and Tax Practices. Photo via velaw.com

Law firm expands energy transition-focused, Houston-based team

new hire

An energy transition-focused legal team has on boarded its newest member.

Jenny Speck joined Vinson & Elkins as a Houston-based partner in its Energy Transition and Tax Practices. According to V&E, she will advise clients on energy transition tax incentives. Her experience includes working on renewable projects from onshore and offshore wind, solar, combined heat and power to biogas property, carbon capture, hydrogen, and more.

“Jenny has a commercial sensibility that our clients will value. She knows how to get deals done and is adept at calibrating tax advice to a company’s strategic objectives,” Vinson & Elkins Partner Sean Moran, one of the leaders of the firm’s Energy Transition Practice, says in a news release. “She is another phenomenal addition to our Renewable Energy and Tax Practices, which are booming as the Inflation Reduction Act continues to drive unprecedented investment and development in renewable energy.”

Joining V&E from Bracewell, Speck previously served as the senior manager of tax and regulatory compliance at Navigator CO2 Ventures LLC and also worked in the National Tax practice of Deloitte Tax LLP in Washington, D.C. She earned her undergraduate degree from Northeastern State University and her Juris Doctorate from the University of Tulsa College of Law. She's been ranked by Legal 500 U.S. and included in the Lawdragon 500 Leading US Energy Lawyers guide for “Energy Transition Incentives.”

“I have worked across from Vinson & Elkins on transactions and have seen the depth of their experience, along with the efficiency and camaraderie they bring to projects,” Speck adds. “I look forward to joining my new colleagues and strengthening their tax and energy powerhouse.”

She will work with partners Moran and Lauren Collins, who joined V&E along with four renewable energy and tax lawyers in 2021, as well as Jorge Medina, who was on boarded to the team earlier this year.

Stafford-based Microvast named Yaser Ali as CFO. Photo via LinkedIn

Houston area battery company names new C-level leader

new hire

Houston-based battery technology innovation company, Microvast Holdings, announced the appointment of Yaser Ali as CFO. This is part of Microvast's efforts to strengthen its executive leadership team.

Ali most recently served as CFO of Vision Technologies since August 2022. He also previously held leadership finance roles at companies such as BayWa-R.E Solar and GreenFox Services. He was also a Regional Finance Controller at Amazon.

“I’m happy to share that I’m starting a new position as Chief Financial Officer at Microvast,” Ali said on his LinkedIn. ”Renowned for its cutting-edge cell technology and vertical integration capabilities, Microvast covers core battery chemistry to modules and packs, serving markets such as electric vehicles, energy storage, and battery components.”

Microvast considers itself a leader in the innovation and technology of lithium-ion batteries through the design, development, and manufacture of premier battery cells, modules, and packs for transportation, heavy equipment, and utility-scale energy storage systems.

The Staffford-based Microvast has also recently drawn $12 million from a $25 million secured debt facility provided by the company's founder, chairman, and CEO Yang Wu. The move helps streamline operations, including workforce reductions and consolidations within its U.S. battery division.

Recently, Microvast celebrated four years supplying its high-performance battery packs to eversum mobility solutions GmbH ("eVersum”), which helps support the company’s goals of electrification of next-generation autonomous eShuttle buses from eVersum. The batteries helped enhance “the accessibility and convenience of eShuttle buses while maintaining high performance and efficiency” according to a news release.

Microvast, which is headquartered just southwest of Houston in Stafford, has a market capitalization of $125.16 million, according to InvestingPro.

Weil, Gotshal & Manges announced infrastructure lawyer Jacqui Bogucki has returned to the firm. Photo via weil.com

Global law firm names partner to build growing infrastructure, energy transition business

new hire

An international law firm has named a new partner in the Houston office to help build its growing infrastructure and energy transition capabilities

Weil, Gotshal & Manges announced infrastructure lawyer Jacqui Bogucki has returned to the firm.

"Jacqui will be an extremely valuable addition to our growing Houston team,” says Weil Executive Partner Barry Wolf in a news release. “Her significant infrastructure experience – including in the digital sector – and strong relationships with leading investment professionals will help to advance our fast-growing infrastructure and energy transition capabilities, and will be an immediate value-add to our clients globally.”

She will advise private equity sponsors and strategic clients on a wide range of corporate transactions. Her focus will include infrastructure, digital, technology, energy transition, and oil and gas sectors. Previously, Bogucki was a partner in the Mergers & Acquisitions practice at Simpson Thacher & Bartlett LLP. Her previous stint at Weil was from 2014 through 2018.

“I am so pleased to have the opportunity to return to Weil, where I began my legal career,” says Bogucki in a news release. “It is an incredibly exciting time to be joining the Firm as it further builds out its infrastructure and energy transition capabilities. I look forward to reconnecting with former colleagues and leveraging my experience to provide the highest quality service to our clients.”

Since 2023, notable energy partners Omar Samji, Chris Bennett, Cody Carper, and Irina Tsveklova have joined Weil in Houston – with Steven Lorch joining in New York just last month.

Pulakesh Mukherjee, partner at Imperative Ventures, which specializes in hard tech decarbonization startups, will bring his unique experience to Halliburton Labs' network. Photo via LinkedIn

Halliburton Labs names Bay Area investor to advisory board

all aboard

Halliburton Labs has announced its newest advisory board member — a San Francisco-based venture capital investor.

Pulakesh Mukherjee, partner at Imperative Ventures, which specializes in hard tech decarbonization startups, will bring his unique experience to Halliburton Labs' network.

"We are pleased to welcome Pulakesh as we help emerging companies achieve scale and growth. Pulakesh brings strong expertise and an expansive network throughout the early-stage energy and climate tech ecosystem. We look forward to his guidance to catalyze increased collaboration among innovators, investors, and industry," Managing Director Dale Winger says in a news release.

Mukherjee, who co-founded his firm, previously worked on energy, agriculture, chemical, and industrial deals for BASF Venture Capital

Mukherjee joins Jeff Miller, Reggie DesRoches, John Grotzinger, Jennifer Holmgren, Maynard Holt, Walter Isaacson, and Dale Winger on the Advisory Board, according to Halliburton's news release.

Halliburton Labs, a wholly owned subsidiary of Halliburton Company (NYSE: HAL), has supported energy tech startups since its inception in 2020. Its next pitch day is March 14 in New Orleans, which will also be streamed live.

Scott Gale, executive director of Halliburton Labs, recently joined the Houston Innovators Podcast to discuss Halliburton Labs' mission and commitment to the community.

Top Houston banker Stephen Trauber has joined publicly traded investment bank Moelis & Co. Image via Shutterstock

Firm hires top Houston-based energy banker to grow energy transition team

new hire

Houston energy dealmaker Stephen Trauber has been tapped as chairman and global head of the energy and clean technology business at publicly traded investment bank Moelis & Co.

In 2010, The Wall Street Journalcalled Trauber “one of the best-connected energy bankers in Houston.”

Trauber comes to New York City-based Moelis from Citi, where he recently retired as vice chairman and global co-head of natural resources and clean energy transition. Before that, he was vice chairman and global head of energy at UBS Investment Bank, where he worked with Ken Moelis, who’s now chairman and CEO of Moelis.

“The global energy ecosystem is undergoing major consolidation and change,” Trauber says in a Moelis news release. “I look forward to actively participating in its strategic evolution and working with so many of our clients that are evaluating how best to create value during this period of transformation.”

In conjunction with Trauber’s hiring, Guggenheim Securities executives Muhammad Laghari and Alexander Burpee are joining Moelis as managing directors in Houston. They’ll work with upstream and midstream oil and gas clients. Laghari and Burpee previously were colleagues of Trauber at Citi.

During his career, Trauber has advised on more than $700 billion in energy deals, including mergers, acquisitions, and IPOs. Among the industry heavyweights involved in those deals were BP, Halliburton, Kinder Morgan, Nabors, Occidental Petroleum, Schlumberger, Shell, and Weatherford International.

“Steve is a recognized leader in the industry who has played a key role in many of the energy sector’s landmark transactions,” says Navid Mahmoodzadegan, co-founder and co-president of Moelis.

Three years ago, Trauber made waves when Spring-based ExxonMobil

rejected his pitch “to commit to a target for net-zero emissions even after shareholders staged a revolt over the company’s climate policy,” Bloomberg reported at the time.

Last year, Trauber joined the board of directors of Houston-based NEXT Renewable Fuels, the board of directors of Houston-based ASEAN Energy, and the M&A and transactions advisory board of London-based professional services giant Aon.

The three new hires at Moelis follow the September 2023 launch of its Clean Technology Group. Arash Nazhad of Houston is co-leader of the group.

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Rice researchers' quantum breakthrough could pave the way for next-gen superconductors

new findings

A new study from researchers at Rice University, published in Nature Communications, could lead to future advances in superconductors with the potential to transform energy use.

The study revealed that electrons in strange metals, which exhibit unusual resistance to electricity and behave strangely at low temperatures, become more entangled at a specific tipping point, shedding new light on these materials.

A team led by Rice’s Qimiao Si, the Harry C. and Olga K. Wiess Professor of Physics and Astronomy, used quantum Fisher information (QFI), a concept from quantum metrology, to measure how electron interactions evolve under extreme conditions. The research team also included Rice’s Yuan Fang, Yiming Wang, Mounica Mahankali and Lei Chen along with Haoyu Hu of the Donostia International Physics Center and Silke Paschen of the Vienna University of Technology. Their work showed that the quantum phenomenon of electron entanglement peaks at a quantum critical point, which is the transition between two states of matter.

“Our findings reveal that strange metals exhibit a unique entanglement pattern, which offers a new lens to understand their exotic behavior,” Si said in a news release. “By leveraging quantum information theory, we are uncovering deep quantum correlations that were previously inaccessible.”

The researchers examined a theoretical framework known as the Kondo lattice, which explains how magnetic moments interact with surrounding electrons. At a critical transition point, these interactions intensify to the extent that the quasiparticles—key to understanding electrical behavior—disappear. Using QFI, the team traced this loss of quasiparticles to the growing entanglement of electron spins, which peaks precisely at the quantum critical point.

In terms of future use, the materials share a close connection with high-temperature superconductors, which have the potential to transmit electricity without energy loss, according to the researchers. By unblocking their properties, researchers believe this could revolutionize power grids and make energy transmission more efficient.

The team also found that quantum information tools can be applied to other “exotic materials” and quantum technologies.

“By integrating quantum information science with condensed matter physics, we are pivoting in a new direction in materials research,” Si said in the release.

Oxy subsidiary granted landmark EPA permits for carbon capture facility

making progress

Houston’s Occidental Petroleum Corp., or Oxy, and its subsidiary 1PointFive announced that the U.S Environmental Protection Agency approved its Class VI permits to sequester carbon dioxide captured from its STRATOS Direct Air Capture (DAC) facility near Odessa. These are the first such permits issued for a DAC project, according to a news release.

The $1.3 billion STRATOS project, which 1PointFive is developing through a joint venture with investment manager BlackRock, is designed to capture up to 500,000 metric tons of CO2 annually and is expected to begin commercial operations this year. DAC technology pulls CO2 from the air at any location, not just where carbon dioxide is emitted. Major companies, such as Microsoft and AT&T, have secured carbon removal credit agreements through the project.

The permits are issued under the Safe Drinking Water Act's Underground Injection Control program. The captured CO2 will be stored in geologic formations more than a mile underground, meeting the EPA’s review standards.

“This is a significant milestone for the company as we are continuing to develop vital infrastructure that will help the United States achieve energy security,” Vicki Hollub, Oxy president and CEO, said in a news release.“The permits are a catalyst to unlock value from carbon dioxide and advance Direct Air Capture technology as a solution to help organizations address their emissions or produce vital resources and fuels.”

Additionally, Oxy and 1PointFive announced the signing of a 25-year offtake agreement for 2.3 million metric tons of CO2 per year from CF Industries’ upcoming Bluepoint low-carbon ammonia facility in Ascension Parish, Louisiana.

The captured CO2 will be transported to and stored at 1PointFive’s Pelican Sequestration Hub, which is currently under development. Eventually, 1PointFive’s Pelican hub in Louisiana will include infrastructure to safely and economically sequester industrial emissions in underground geologic formations, similar to the STRATOS project.

“CF Industries’ and its partners' confidence in our Pelican Sequestration Hub is a validation of our expertise managing carbon dioxide and how we collaborate with industrial organizations to become their commercial sequestration partner,” Jeff Alvarez, President of 1PointFive Sequestration, said in a news release.

1PointFive is storing up to 20 million tons of CO2 per year, according to the company.

“By working together, we can unlock the potential of American manufacturing and energy production, while advancing industries that deliver high-quality jobs and economic growth,” Alvarez said in a news release.

Houston energy-focused AI platform raises $5M in Mercury-led seed round

fresh funding

Houston-based Collide, a provider of generative artificial intelligence for the energy sector, has raised $5 million in seed funding led by Houston’s Mercury Fund.

Other investors in the seed round include Bryan Sheffield, founder of Austin-based Parsley Energy, which was acquired by Dallas-based Pioneer Natural Resources in 2021; Billy Quinn, founder and managing partner of Dallas-based private equity firm Pearl Energy Investments; and David Albin, co-founder and former managing partner of Dallas-based private equity firm NGP Capital Partners.

“(Collide) co-founders Collin McLelland and Chuck Yates bring a unique understanding of the oil and gas industry,” Blair Garrou, managing partner at Mercury, said in a news release. “Their backgrounds, combined with Collide’s proprietary knowledge base, create a significant and strategic moat for the platform.”

Collide, founded in 2022, says the funding will enable the company to accelerate the development of its GenAI platform. GenAI creates digital content such as images, videos, text, and music.

Originally launched by Houston media organization Digital Wildcatters as “a professional network and digital community for technical discussions and knowledge sharing,” the company says it will now shift its focus to rolling out its enterprise-level, AI-enabled solution.

Collide explains that its platform gathers and synthesizes data from trusted sources to deliver industry insights for oil and gas professionals. Unlike platforms such as OpenAI, Perplexity, and Microsoft Copilot, Collide’s platform “uniquely accesses a comprehensive, industry-specific knowledge base, including technical papers, internal processes, and a curated Q&A database tailored to energy professionals,” the company said.

Collide says its approximately 6,000 platform users span 122 countries.

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