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DOE dishes out funding to 2 Houston carbon caption projects

ccus news

In all, DOE recently allocated $518 million to 23 CCUS projects in the U.S. Photo via Getty Images

Two Houston companies have received federal funding to develop carbon capture and storage projects.

Evergreen Sequestration Hub LLC, a partnership of Houston-based Trace Carbon Solutions and Jacksonville, Mississippi-based Molpus Woodlands Group, got more than $27.8 million from the U.S. Department of Energy for its Evergreen Sequestration Hub project in Louisiana. DOE says the project is valued at $34.8 million.

The hub will be built on about 20,000 acres of timberland in Louisiana’s Calcasieu and Beauregard parishes for an unidentified customer. It’ll be capable of storing about 250 million metric tons of carbon dioxide.

Trace Carbon Solutions, a subsidiary of Trace Midstream Partners, is developing CCS assets and supporting midstream infrastructure across North America. Molpus, an investment advisory firm, buys, manages, and sells timberland as an investment vehicle for pension funds, college endowments, foundations, insurance companies, and high-net-worth investors.

Another Houston company, RPS Expansion LLC, has received $9 million from the DOE to expand the River Parish Sequestration Project. Following the expansion, the project will be able to store up to 384 million metric tons of carbon dioxide. The CCUS hub is between Baton Rouge and New Orleans.

DOE says the River Parish expansion is valued at $11.8 million.

Also receiving DOE funding is a CCUS project to be developed off the coast of Corpus Christi. The developer is the Southern States Energy Board, based in Peachtree Corners, Georgia.

DOE is chipping in more than $51.1 million for the nearly $64 million hub. It’s estimated that about 35 million metric tons of carbon dioxide emissions are released each year from about 50 industrial and power facilities within a 100-mile radius of Mustang Island. Port Aransas is located on the 18-mile-long island.

In all, DOE recently allocated $518 million to 23 CCUS projects in the U.S.

“The funding … will help ensure that carbon storage projects — crucial to slashing harmful carbon pollution — are designed, built, and operated safely and responsibly across all phases of development to deliver healthier communities as well as high-quality American jobs,” Brad Crabtree, assistant DOE secretary for fossil energy and carbon management, says in a news release.

From Your Site Articles
The Texas solar project is expected to go online in 2026. Photo via elawan.com

Houston-based renewable energy developer to power Google with Texas solar project

in the works

A Spanish renewable power company with its United States headquarters in Houston has struck a corporate power purchase agreement with Google.

Elawan Energy, announced that it will supply renewable energy to Google under a PPA for the energy generated by a 37 megawatts defined conditions solar project located in the Texas Hill Country.

The PPA deal was facilitated through LEAP (LevelTen Energy’s Accelerated Process), which was co-developed by Google and LevelTen Energy. The goal is to source and execute clean energy PPAs more efficiently. All of this will contribute to Google’s 2030 goal to run on 24/7 carbon-free energy on every grid where it operates.

Elawan, which has local development teams with offices in Houston, is working to expand its presence in North America by reinforcing its commitment to providing clean energy solutions. The company is part of the ORIX Group, and specializes in the development and operation of wind and solar power plants in 15 countries.

Elawan Energy and ORIX currently manage an operational portfolio of over 300 megawatts across ERCOT, SPP, and PJM regions. Elawan operates 1.8 gigawatts of renewable energy projects and has approximately 8 gigawatts under development.

The current solar project is in an advanced stage of development. The commercial operations are expected to commence in 2026.

Earlier this year, Google reported that it plans to spend more than $1 billion to support its cloud and data center infrastructure and expand its commitment to clean energy.

For the first time, Texas has outpaced California as the top state for new solar energy, according to American Clean Power Association's recent quarterly market report. The Lone Star State added 1.6 gigawatts of new solar, the report found.

Gold H2 has aligned itself with an oil and gas company, making its Black 2 Gold microbial technology available for the first time. Photo via cemvita.com

Houston clean hydrogen producer teams up with O&G for series of pilots

piling on pilots

Gold H2, a Houston-based producer of clean hydrogen, is teaming up with a major U.S.-based oil and gas company as the first step in launching a 12-month series of pilot projects.

The tentative agreement with the unnamed oil and gas company kicks off the availability of the startup’s Black 2 Gold microbial technology. The technology underpins the startup’s biotech process for converting crude oil into proprietary Gold Hydrogen.

The cleantech startup plans to sign up several oil and gas companies for the pilot program. Gold H2 says it’s been in discussions with companies in North America, Latin America, India, Eastern Europe and the Middle East.

The pilot program is aimed at demonstrating how Gold H2’s technology can transform old oil wells into hydrogen-generating assets. Gold H2, a spinout of Houston-based biotech company Cemvita, says the technology is capable of producing hydrogen that’s cheaper and cleaner than ever before.

“This business model will reshape the traditional oil and gas industry landscape by further accelerating the clean energy transition and creating new economic opportunities in areas that were previously dismissed as unviable,” Gold H2 says in a news release.

The start of the Black 2 Gold demonstrations follows the recent hiring of oil and gas industry veteran Prabhdeep Singh Sekhon as CEO.

“With the proliferation of AI, growth of data centers, and a national boom in industrial manufacturing underway, affordable … carbon-free energy is more paramount than ever,” says Rayyan Islam, co-founder and general partner at venture capital firm 8090 Industries, an investor in Gold H2. “We’re investing in Gold H2, as we know they’ll play a pivotal role in unleashing a new dawn for energy abundance in partnership with the oil industry.”

Here's what news trended this week on EnergyCapital. Photo via Getty Images

McKinsey makes acquisition, Shell slows solar, and more trending Houston innovation news

top stories

Editor's note: From recent M&A activity to a recent report on AI, these are the top headlines that resonated with EnergyCapital readers on social media and daily newsletter this week.

Shell shrinks renewable portfolio yet again with latest divestment

Shell’s Savion subsidiary, which the energy giant acquired in 2021, plans to sell about one-fourth of its solar generation and storage assets. Photo via shell.us

In a move aimed at focusing more on its oil and gas business, Houston-based Shell USA continues to scale back its wind and solar energy portfolio.

The Reuters news service reported February 29 that Shell’s Savion subsidiary, which the energy giant acquired in 2021, plans to sell about one-fourth of its solar generation and storage assets. These assets represent as much as 10.6 gigawatts of generation and storage capacity.

This development follows the completion in early February of deals for Kansas City, Missouri-based Savion to sell its 50 percent stake in a solar energy project in Ohio and for Houston-based Shell Wind Energy to sell its 60 percent stake in a wind farm in Texas. Continue reading.

Houston rises as emerging hub for $6B global AI in oil and gas industry, per new report

The research outfit says North America leads global AI growth in oil and gas, with Houston playing a pivotal role. Image via Shutterstock

Houston is emerging as a hub for the development of artificial intelligence in the oil and gas industry — a global market projected to be worth nearly $6 billion by 2028.

This fresh insight comes from a report recently published by ResearchAndMarkets.com. The research outfit says North America leads global AI growth in oil and gas, with Houston playing a pivotal role.

“With AI-driven innovation at its core, the oil and gas industry is set to undergo a profound transformation, impacting everything from reservoir optimization to asset management and energy consumption strategies — setting a new standard for the future of the sector,” says ResearchAndMarkets.com. Continue reading.

McKinsey acquires Houston-area co. to enhance sustainability services

According to McKinsey data, more than $3.5 trillion will be invested in green hydrogen, carbon capture, renewable energy, and other projects that are working toward net-zero transition by 2050. Photo via ses-estimating.com

A global management consulting company has executed on an acquisition key to its plans amid the energy transition.

McKinsey & Company announced the acquisition of Strategic Estimating Systems, a Sugar Land-based consulting firm specializing in cost estimation for oil, gas, and chemical process industries. The acquisition provides McKinsey with enhanced benchmarking capabilities across capital project management — especially within the energy transition. The terms of the deal were not disclosed.

"The capital projects ecosystem is presented with a once-in-a-generation chance to aid in transforming economies to achieve net zero," Justin Dahl, partner and global leader of McKinsey & Company's Capital Analytics, says. Continue reading.

Houston orgs name student, industry teams for CERAWeek pitch competition

Nearly 40 climatetech startups will pitch at this upcoming CERAWeek event from HETI, the Rice Alliance, and TEX-E. Photo by Natalie Harms

The Rice Alliance for Technology and Entrepreneurship, the Houston Energy Transition Initiative and the Texas Entrepreneurship Exchange for Energy announced the 39 energy ventures that will pitch at 2024 Energy Venture Day and Pitch Competition during this month's CERAWeek.

The ventures are focused on driving efficiency and advancements toward the energy transition and will each present a 3.5-minute pitch before venture capitalists, corporate innovation groups, industry leaders, academics, and service providers during CERAWeek's Agora program.

The pitch competition is divided up into the TEX-E university track, in which Texas student-led energy startups compete for $50,000 in cash prizes, and the industry ventures track. Continue reading.

Houston-based female business leader named changemaker amid energy transition

EDP Renewables North America announced its CEO Sandhya Ganapathy has been named to CNBC’s inaugural Changemakers: Women Transforming Business list.

A Houston renewable energy developer CEO has scored a prestigious spot on a list of changemakers.

EDP Renewables North America announced its CEO Sandhya Ganapathy has been named to CNBC’s inaugural Changemakers: Women Transforming Business list. Ganapathy was recognized for ESG and ED&I Initiatives while helping to advance the clean energy transition.

The new list recognizes female leaders at companies and philanthropic organizations that have achieved impactful financial and business milestones.

“Thank you to CNBC for recognizing the leadership and groundbreaking initiatives the women on this list have achieved,” the company said in a statement on LinkedIn. “As our renewable energy market sector continues to progress and expand, we will need everyone in our industry to be a #changemaker to ensure #reliable, #costeffective, #homegrown energy is accessible to all.” Continue reading.

EDP Renewables North America announced its CEO Sandhya Ganapathy has been named to CNBC’s inaugural Changemakers: Women Transforming Business list.

Houston-based female business leader named changemaker amid energy transition

leading lady

A Houston renewable energy developer CEO has scored a prestigious spot on a list of changemakers.

EDP Renewables North America announced its CEO Sandhya Ganapathy has been named to CNBC’s inaugural Changemakers: Women Transforming Business list. Ganapathy was recognized for ESG and ED&I Initiatives while helping to advance the clean energy transition.

The new list recognizes female leaders at companies and philanthropic organizations that have achieved impactful financial and business milestones.

“Thank you to CNBC for recognizing the leadership and groundbreaking initiatives the women on this list have achieved,” the company said in a statement on LinkedIn. “As our renewable energy market sector continues to progress and expand, we will need everyone in our industry to be a #changemaker to ensure #reliable, #costeffective, #homegrown energy is accessible to all.”

EDPR NA has developed 9.9 GW of renewables projects to date and operates close to 9 GW of renewable energy across North America under Ganapathy’s leadership. EDPR NA has won various ESG and ED&I-related awards including A Word About Wind’s ED&I Award, CohnReznick’s Gamechanger in ESG Award, Ally Energy’s GRIT Awards for both Best Energy Workplace and ESG & Climate Change Champion, Top Workplace in the USA and Top Workplace in Houston Awards, the Global Energy Transition Award for Excellence as a Community Leader. EDPR NA also made the Corporate Knight’s 100 Most Sustainable Corporations in the World, and was also a finalist for S&P Global’s Energy Company of the Year Award for 2023.

Headquartered in Houston with 60 wind farms, 12 solar parks, and eight regional offices across North America, EDP is a top five renewable energy operator in the U.S. EDPR NA has developed more than 9,600 megawatts (MW) and operates more than 8,900 MW of onshore utility-scale renewable energy projects.

The full 2024 CNBC Changemakers list is available at cnbc.com/Changemakers.

The research outfit says North America leads global AI growth in oil and gas, with Houston playing a pivotal role. Image via Shutterstock

Houston rises as emerging hub for $6B global AI in oil and gas industry, per new report

by the numbers

Houston is emerging as a hub for the development of artificial intelligence in the oil and gas industry — a global market projected to be worth nearly $6 billion by 2028.

This fresh insight comes from a report recently published by ResearchAndMarkets.com. The research outfit says North America leads global AI growth in oil and gas, with Houston playing a pivotal role.

“With AI-driven innovation at its core, the oil and gas industry is set to undergo a profound transformation, impacting everything from reservoir optimization to asset management and energy consumption strategies — setting a new standard for the future of the sector,” says ResearchAndMarkets.com.

The research company predicts the value of the AI sector in oil and gas will rise from an estimated $3.2 billion in 2023 and $3.62 billion in 2024 to $5.8 billion by 2028. The report divides AI into three categories: software, hardware, and hybrids.

As cited in the report, trends that are sparking the explosion of AI in oil and gas include:

  • Stepped-up use of data
  • Higher demand for energy efficiency and sustainability
  • Automation of repetitive tasks
  • Optimization of exploration and drilling
  • Enhancement of safety

“The oil and gas industry’s ongoing digitization is a significant driver behind … AI in the oil and gas market. Rapid adoption of AI technology among oilfield operators and service providers serves as a catalyst, fostering market growth,” says ResearchAndMarkets.com.

The report mentions the Open AI Energy Initiative as one of the drivers of increased adoption of AI in oil and gas. Baker Hughes, C3 AI, Microsoft, and Shell introduced the initiative in February 2021. The initiative enables energy operators, service providers, and vendors to create sharable AI technology for the oil and gas industry.

Baker Hughes and C3 AI jointly market AI offerings for the oil and gas industry.

Aside from Baker Hughes, Microsoft, and Shell, other companies with a significant Houston presence that are cited in the AI report include:

  • Accenture
  • BP
  • Emerson Electric
  • Google
  • Halliburton
  • Honeywell
  • Saudi Aramco
  • Schlumberger
  • TechnipFMC
  • Weatherford International
  • Wood

Major AI-related trends that the report envisions in the oil and gas sector include the:

  • Digital twins for asset modeling
  • Autonomous robotics
  • Advanced analytics for reservoir management
  • Cognitive computing for decision-making
  • Remote monitoring and control systems

“The digitization trend within the oil and gas sector significantly propels the AI in oil and gas market,” says the report.

———

This article originally ran on InnovationMap.

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10+ Houston energy transition events to attend in September 2025

Must-Attend Meetings

Editor's note: September is here, and the calendar is full of must-attend energy transition events. Get the details on the top energy happenings in September 2025, and begin registering today. Please note: this article may be updated to include additional events.

September 3 — Houston Energy + Climate Tech Startup Week Preview Happy Hour

Head to the Ion for a networking happy hour to preview Houston Energy + Climate Startup Week 2025. Industry leaders, investors, startups, and key partners from Houston’s energy and climate innovation ecosystem will gather to share the inside scoop on the upcoming event's programming and opportunities.

This event takes place Wednesday, September 3 at 5:30 pm at the Ion. Click here to register.

September 3-4 — 11th Annual Digitalization in Oil & Gas Conference

This conference will delve deep into the intersection of digitalization and decarbonization, highlighting the transformation required for the oil and gas sector to stay relevant, resilient, and achieve business value. This year, the focus is on leveraging AI and generative AI, driving sustainability and workforce development, and achieving operational excellence through digitalization. Key objectives include building future-ready facilities, planning for a lower carbon market, and realizing business value through innovative solutions.

This event begins Wednesday, September 3 at Hilton Americas Houston. Click here to register.

September 8-10 — SPE Energy Transition Symposium

The SPE Energy Transition Symposium brings together professionals from multiple disciplines across the energy sector, offering a comprehensive platform for learning, networking, and collaboration. Its primary objective is to facilitate the exchange and dissemination of knowledge drawn from the insights of industry leaders, technical experts, academics, practitioners, representatives from the financial community, and environmental, social, and governance (ESG) leaders. This year's symposium is titled "Synergizing Innovation and Collaboration: Transforming Energy for a Sustainable Future."

This event begins Monday, September 8 at Houston Marriott Sugar Land. Click here to register.

September 12 — Workforce of the Future

UH Energy collaborates with the Society for Underwater Technology and SPRINT Robotics to host an immersive, full-day event spotlighting how AI and robotics are reshaping the energy industry. Industry leaders, innovators, and educators will converge to discuss how to empower the next generation of talent to lead the digital transformation of energy.

This event takes place Friday, September 12 at University of Houston Student Center South – Houston Room. Click here to register.

September 15-19 — Houston Energy & Climate Week

Houston Energy & Climate Week utilizes Houston's potential to propel global climate action. This gathering welcomes an unparalleled selection of global energy leaders and communities, giving participants opportunities to interact and discuss capital, technology, workforce, and policy needs. It is organized by Allies in Energy, a nonprofit dedicated to building energy and climate literacy and a pathway to the workforce of the future.

Following an invite-only dinner on Sunday, September 14, this event begins with Opening Ceremonies on Monday, September 15. Click here for details.

September 15-19 — Houston Energy + Climate Startup Week

Launched in 2024, the official Houston Energy and Climate Startup Week returns for its second year, showcasing how Houston is developing and scaling real solutions for the dual challenge of meeting growing global energy demand while reducing carbon emissions. Join leading energy and climate venture capital investors, industry leaders, and startups from around the world for this showcase of the most innovative companies and technologies that are transforming the energy industry while driving a sustainable, low-carbon energy future.

This event begins Monday, September 15 with a kickoff event at the Ion Plaza. Click here for details.

September 16 — Pilotathon 2025 & Company Showcase

EnergyTech Nexus hosts its annual Pilotathon — a high-impact event designed to fast-track pilot deployments for climate and energy tech startups. Expect a full day of curated startup pitches, a 50-plus company innovation showcase, and direct engagement with corporate partners, investors, and ecosystem leaders. The afternoon will also feature participants from the ETN CoPilot Accelerator. Startup applications and event registration is now open at www.pilotathon.com.

This event takes place Tuesday, September 16 at 8 am at GreenStreet. Click here to register.

September 18 — ACCEL Year 3 Showcase

As part of Houston Energy and Climate Startup Week, Greentown Labs will celebrate ACCEL, an accelerator program for startups led by BIPOC and other underrepresented founders. The third ACCEL cohort will present a showcase featuring their technologies, what they’ve accomplished in the first six months of the program, and where they’re headed next. Attendees will also have the opportunity to network with industry leaders who are passionate about and building an inclusive and sustainable future.

This event takes place Thursday, September 18 at 5 pm at Greentown Labs. Click here to register.

September 18 — 22nd Annual Energy Tech Venture Forum

The Rice Alliance Energy Tech Venture Forum will showcase energy tech innovations to shift towards a more sustainable, reliable and lower carbon future. This anchor event of Houston Energy + Climate Startup Week will showcase quality companies and conversations, giving attendees the chance to connect with other leaders and see where energy is headed.

This event takes place Thursday, September 18 at Rice University. Click here to register.

September 22-23 — Southwest Process Technology Conference

The 16th Southwest Process Technology Conference, with the theme “Process Technology in 2025: Solid Foundation, Dynamic Future,” will feature a diverse range of keynote presentations and technical sessions, addressing key topics in the technology and business environment of the rapidly evolving oil refining and chemical industries along the Gulf Coast.

This event begins September 22 at the University of Houston. Click here to register.

September 29-30 — Energy Tax Equity and Credit Markets

Infocast's Energy Tax Equity and Credit Markets two-day event brings together the top tax equity investors, financial advisors, platform providers, lenders, and insurers to give critical insights into how to accelerate the dealmaking process. They will provide invaluable insights on navigating the impacts of IRA changes, qualifying projects to take advantage of tax equity investments, strategies for accelerating project financing pipelines, and a deep dive into how to obtain tax credit investments via both traditional and transfer markets.

This event begins Wednesday, September 29 at the C. Baldwin. Click here to register.

Floating solar projects take shape and more energy transition news to know

Trending News

Editor's note: We're looking back at the biggest energy transition stories from the second half of August 2025, from floating solar projects to low-carbon ship fuel and the return of Energy Tech Venture Forum. Here are the five most-read EnergyCapitalHTX stories from August 15-31:

Rice Alliance names participants in 22th annual energy forum

Here are the 100 startups selected to participate in this year's Rice Alliance Energy Tech Venture Forum. Photo by Natalie Harms

The Rice Alliance for Technology and Entrepreneurship has named the 100 energy technology ventures that will convene at the 22nd annual Rice Alliance Energy Tech Venture Forum, as part of the second annual Houston Energy and Climate Startup Week. Half of the startups, which hail from nine countries and 19 states, will pitch during the event, which culminates in the annual recognition of the “Most Promising Companies." Continue reading.

Houston environmental firm makes partnership to deliver low-carbon ship fuel

Houston-based Anew Climate will provide renewable natural gas to Canada-based Seaspan. Photo via seaspan.com

Houston-headquartered environmental services firm Anew Climate and Vancouver-based ship-to-ship marine bunkering of liquified natural gas company Seaspan Energy have entered into a first-of-its-kind strategic agreement to offer the delivery of renewable liquefied natural gas (R-LNG) to customers on the North American West Coast. Continue reading.

Houston energy hub announces first cohort for new accelerator

Energytech Nexus has named its first COPILOT accelerator cohort. Photo via Getty Images.

Energytech Nexus, a Houston-based hub for energy startups, has named its inaugural cohort of 14 companies for the new COPILOT accelerator. The eight-month COPILOT program offers mentorship, training and networking for startups. Program participants will be tasked with developing pilot projects for their innovations. Two Houston startups are members of the first COPILOT class. Continue reading.

Houston companies team up on $700M floating solar projects in Texas

Two Houston companies plan to develop 500 megawatts of floating solar installations in Texas by the end of the decade. Photo via Getty Images.

Diamond Infrastructure Solutions has given Third Pillar Solar exclusive rights to access Diamond’s Texas reservoirs for the possible launch of utility-scale floating solar installations. Both companies are based in the Houston area. The potential investment in the floating solar project exceeds $700 million, and the project is expected to generate up to 500 megawatts of solar energy. Continue reading.

Houston energy firm to develop data center projects in Matagorda County

Two new data center projects are coming to the ERCOT South Zone. Photo via Getty Images.

Houston-based Barrio Energy will develop two new projects for 10-megawatt data center sites in Matagorda County. Located in the ERCOT South Zone, the projects will assist in powering advanced computing operations, modular data centers and cryptocurrency mining. Continue reading.

Houston American Energy shares details on Baytown recycling facility, new innovation center

coming soon

Houston American Energy Corp. (NYSE: HUSA) plans to break ground on its new advanced recycling facility in the Cedar Port Industrial Park in Q4, the company shared in an announcement this week.

The company acquired a 25-acre, $8.5 million site for development in July from TGS Cedar Port Partners, which handles approximately 5 billion pounds of plastic resin annually. HUSA also plans to build the Abundia Innovation Center on the site.

HUSA named Houston-based Corvus Construction Company the design and construction partner on both projects.

“The site at Cedar Port is in the largest master-planned rail and barge served industrial park in the United States with direct access to the Houston Ship Channel and the Port of Houston,” Ed Gillespie, CEO of HUSA, said in a news release. “It provides robust logistical advantages for the transportation of both feedstock and our low-carbon drop-in fuels and chemical products. Critically, the region has a deep pool of engineering and operations talent. HUSA looks forward to working with local communities and adding economic growth in the Gulf Coast region.”

The new advanced recycling facility will convert plastic waste into pyrolysis oil and will serve as a hub for a five-year development plan designed to scale production capacity.

The facility will be built around New York-based Abundia Global Impact Group LLC’s technologies and proprietary pyrolysis process, which converts plastic and certified biomass waste into high-quality renewable fuels.

HUSA acquired AGIG this summer. At the time, the combined company shared that it planned to serve a multi-billion-dollar global demand for renewable fuels, Sustainable Aviation Fuel (SAF) and recycled chemical feedstocks.

The Abundia Innovation Center is planned to serve as a state-of-the-art research and development facility for the renewable energy sector, aiding in the commercial and technical validation of new technologies. HUSA previously announced that Nexus PMG, also based in Houston, will provide strategic support and guidance in the development of the innovation hub.

According to HUSA, the recycling facility and innovation center will “create the foundation for HUSA’s long-term vision to be a leader in the low-carbon fuels sector by driving collaborative innovation.”

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