With an estimated $3 billion impact on the local economy, OTC 2024 featured a 1,300-company showcase as well as over 50 sessions. Photo via OTC/LinkedIn

That's a wrap on Offshore Technology Conference, which took place at NRG Park from Monday, May 6, to Thursday, May 9. The 55th annual conference welcomed over 30,000 participants from 107 countries to discuss the evolving offshore energy sector.

"It was inspiring to see the global energy community come together to discuss and partner in solutions that will shape a sustainable future," Alex Martinez, chair of the OTC board, says in a news release. "As the world’s population continues to grow and require more energy, there is no other event that provides attendees with more diverse conversations focused on the latest developments needed to accelerate the global energy mix.”

With an estimated $3 billion impact on the local economy, the four-day event featured a 1,300-company showcase as well as over 50 sessions, including panels, fireside chats, and networking events. Many of these sessions included thought leadership from Houston professionals overseeing energy transition initiatives at their respective companies.

Click here to read a round up of four fireside chats discussing clean energy, the future of work, and more.

In fact, OTC returned its Energy Transition Pavilion for 2024 to highlight innovative solutions within energy transition, which included geothermal energy, rig electrification, and the role of AI and data analytics. Additionally, the event featured its Offshore Wind Thread across three days of discussion.

OTC honored two sets of honorees throughout the week too. Three Distinguished Achievement Award recipients were honored at a reception ahead of the official conference and nine young professionals were named as the 2024 Emerging Leaders cohort on May 7.

The organization has already committed to returning to Houston next year. OTC 2025 will take place May 5 to 8, again at NRG Center.

Photo via OTC/LinkedIn

Here's what you need to know before you go out to the event, which will take place Monday, May 6, to Thursday, May 9. Photo via NRG Park

Know before you go: Offshore Technology Conference 2024

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An annual conference that showcases technology for the offshore energy business is taking over Houston's NRG Park for the majority of the week.

Here's what you need to know before you go out to the event, which will take place Monday, May 6, to Thursday, May 9.

Attend the Distinguished Achievement Awards on Sunday, May 5

OTC's annual awards reception, the Distinguished Achievement Awards, will kick off the week on May 5. The three award honorees for OTC 2024 have been named and will be honored at the event. Click here to learn more about this year's honorees.

Visit the Energy Transition Pavilion 

The Energy Transition Pavilion will feature panels and presentations about the future of sustainability in the energy industry. The programming takes place Monday through Wednesday, and the exhibit is located at NRG Center in Hall C.

Zoom in on offshore wind

This year, OTC is featuring a dedicated thread to offshore wind technology. A mix of panels, keynotes, and technical presentations, the programming will take place over Monday through Wednesday.

Don't miss the exhibition hall

Over a thousand companies will be exhibiting at OTC this year, and the hall can be a bit overwhelming. Check the program or the map online to see who's exhibiting and where to find them.

Catch the three university showcases 

OTC's University R&D Showcase will feature three schools — the University of Houston, Texas A&M International University, and the University of São Paulo. You can find each university's booth open all four days of OTC.

The improvements are expected to reduce emissions by 241,000 metric tons a year and save over $54 million by 2043. Photo courtesy of NRG

NRG Park announces historic complex-wide sustainability project

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A Houston organization has announced a major energy efficiency and sustainability project that, in 20 years, will end up paying for itself with the savings alone.

The project is a collaboration between Wisconsin-based Johnson Controls (NYSE: JCI), Harris County Sports & Convention Corporation (HCSCC), NRG Park, and Harris County. The 20-year savings of the improvements are estimated to generate more than $54 million.

"We remain committed to maintaining NRG Park's distinct position as a part of the fabric of our community and a landmark for visitors globally," Ryan Walsh, CEO and executive director of HCSCC and NRG Park, says in a news release. "These enhancements allow us to maintain our reputation for excellence and continue to deliver the best fan experiences, while exploring innovative and financially responsible approaches to sustainability."

The project, according to the news release, is expected to reduce carbon dioxide emissions by over 241,000 metric tons a year. The plan includes: upgrades to HVAC equipment, building automation systems, water conservation, life safety systems and lighting improvements, and the high-efficiency chiller system.

The teams from Johnson Controls and NRG celebrated the partnership earlier this summer. Photo courtesy of Johnson Controls

Additionally, the park will integrate a system from Johnson Controls — OpenBlue Central Utility Plant — and the company will continue to measure and track results through an ongoing service agreement.

"Our partnership with Harris County and HCSCC's team to guide the enhancement initiative at NRG Park is paving the way for more sustainable practices across the sports and entertainment sector," Julie Brandt, president of Building Solutions North America at Johnson Controls, says in a statement. "We look forward to seeing how this project will inspire other industry leaders and drive smart savings and significant emissions reduction, not only in Harris County but on a national scale."

NRG Park, comprised of NRG Center, NRG Stadium and NRG Arena, is home to the annual 20-day Houston Livestock Show and Rodeo and the NFL Houston Texans. The 350-acre complex will also host the College Football Playoff Championship, the FIFA World Cup, and more than 500 other events this year.

"NRG Park is a premier destination that welcomes more than 5.5 million people annually," says Rodney Ellis, Harris County Commissioner for Precinct 1, in the release. "These enhancements will create a more enjoyable and resilient environment for people traveling from near and far to attend the multitude of events hosted there."

It's not the first time NRG has invested in energy efficiency. In 2014, NRG Stadium became the first professional football stadium in the country with LED lights, Elizabeth Killinger, executive vice president of NRG Retail, said at the time. NRG also became the first professional sports stadium in Texas to install solar panels. At the time, the organization also announced electric vehicle charging stations.

Earlier this year, the Houston Texans announced a sustainability project of their own. In partnership with 1PointFive, the Texans’ Preferred Carbon Removal Partner, the team launched the Touchdown for Trees program the Touchdown for Trees program to recapture carbon emissions. For every touchdown scored by the Texans in the 2022, 2023, and 2024 seasons, the team pledges to plant 1.5 trees in the greater Houston area.

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Houston-area plastic company debuts state-of-the-art headquarters

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Ultra-high-performance plastics company Drake Plastics officially opened its new state-of-the-art, 140,000-square-foot manufacturing center and corporate office in Cypress last month.

Dubbed “Drake HQ, ” the new facility was built to align with Harris County’s clean energy goals and features a 1.3-megawatt solar generation plant designed to offset 50 percent of the plant’s power consumption.

The facility is designed as a “factory ranch,” and is intended to blend in with its natural surroundings. With the expanded campus, Drake says it looks to serve existing and new customers in the semiconductor, aerospace, energy and defense industries.

The new headquarters is designed as a "factory ranch" and features a solar generation plant to offset half of its power consumption. Photo via LinkedIn

“We are thrilled to open the doors of our new headquarters in the area where it all began,” Drake Plastics President Steven Quance said in a news release. “We are honored to have reinvested in the community that has supported our growth and success over the past three decades.”

Drake Plastics cut the ribbon on March 26 at the new facility, which also marked the company’s 30th anniversary in the Cypress area. The company launched in 1996 with four employees and has grown to employ more than 100 staff members, according to a LinkedIn post.

Drake Plastics is a globally recognized leader in ultra-high-performance polymer manufacturing and specializes in extrusion, injection molding, precision machining, machine building, engineering and distribution. According to the company, its new Cypress facilty is one of the largest in the world that processes these high-performance polymers.

Energy expert on powering Texas by leading globally and acting locally

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Texas is known around the world for shaping energy trends, including conservation efforts. As we reflect on Earth Day this month, let’s take a closer look at where Texas is getting things right and where there is still room for improvement.

Texas is the nation’s top producer of energy across oil, gas, wind and solar power. We have built our identity on the idea of leading the world as a powerhouse for energy production, but Texas also has to deliver results to its residents and the United States; otherwise, our global leadership falls flat.

Measuring Texas’ Global Leadership

Texas is the nation’s largest energy producer, leading the U.S. in wind-powered electricity generation and rapidly expanding its solar capacity, according to the U.S. Energy Information Administration. Our state continues to lead nationally in large-scale energy investments, business-friendly policies and abundant natural resources.

Texas is not standing still or simply doing what it has always done. The state recognizes that to stay competitive, we must adapt and change. Diversification in the areas of liquefied natural gas exports and new investments in carbon and hydrogen capture are defining what the next chapter of Texas’ leadership will look like.

Energy leadership requires production, innovation and influence. Together, these will keep Texas as a formidable force in global energy production.

Our Local Texas Reality Is Important, Too

When we zoom in to look more closely at what is happening in Texas, the picture becomes a bit more nuanced. Our energy independence creates both flexibility and vulnerability, especially during major weather events such as winter storms and hurricanes.

Five years later, the effects of Winter Storm Uri remain in many of our minds. Demand for home generators has risen quickly in the state, with Houston leading the way due to grid uncertainty. As our population continues to rise quickly and more data centers are built in the state, grid stability remains a major factor in Texas’ ability to lead in energy innovation to meet the demands of residents.

ERCOT has developed a three-part plan to help mitigate the risk of grid failure during periods of extreme demand or emergencies. While this is an improvement over five years ago, Texas still needs to invest significantly in grid resiliency.

Texas’ Energy Market and Affordability

Often, proponents of our deregulated energy market in Texas hold it up as an example of healthy competition and consumer choice. Lawmakers claim that it gives residents the ability to select an energy plan that best meets their needs.

In practice, however, the market can be difficult to navigate. There are many electricity plans and providers, so residents often feel overwhelmed when navigating the energy market. With fluctuating rates, complex contracts and peak pricing structures, monthly energy bills can be surprising.

Additionally, as utility companies seek to distribute energy infrastructure costs to customers, prices are rising rapidly. According to TEPRI, electricity rates have risen by 30% since 2021, and the organization predicts an additional 29% increase by 2030.

A 60% increase in electricity prices over less than a decade will affect more than 4.1 million LMI (low- to moderate-income) households in Texas. Conservative projections by TEPRI estimate that by 2030, LMI households will pay an additional $863 annually for electricity, representing an electricity-pricing burden of 8.2%.

The energy affordability crisis is just beginning here in Texas, and greater education and proactive legislation are needed to help LMI households navigate the changing market and rising energy costs. LMI households are already choosing between paying for electricity and healthcare for their family members.

If Texas wants to remain a global leader in energy production, innovation, reliability and affordability, the rising cost of energy needs urgent attention.

Grid Resilience Is Mandatory

In addition to energy affordability, Texas frequently experiences extreme weather, making grid resilience foundational to its continued leadership in both local and global markets.

Between 1980 and 2024, Texas experienced 190 weather-related events with financial losses exceeding $ 1 billion. From hurricanes along the Gulf Coast to prolonged heat waves and drought, the state’s energy infrastructure is under increasing strain. These events necessitate that Texas invest in long-term planning and preparedness for its energy infrastructure.

Next Steps for Local Leadership

Texas needs to strengthen every part of its energy infrastructure. Leading locally means strengthening the grid by building out transmission, scaling battery storage, and deploying smarter, more responsive technology. At the same time, we need to make the market easier to navigate and ensure Texans are better educated and protected as they make energy decisions.

Additionally, as Texans become more informed about the energy landscape, it is crucial to equip them with the knowledge to use energy conservation tools such as programmable thermostats, mobile apps to monitor and adjust energy usage, shifting away from peak-hour usage and selecting energy plans without gimmicks or tricky clauses.

These important intersections are where Texas’ global leadership meets local impact in a critical time of change and transition in the Texas energy landscape.

Going Forward

Beyond addressing the critical issues of reliability and affordability at home here in Texas, it is important to recognize that they are also global. While we already export our energy products to the world, we have a unique opportunity to also export solutions in grid innovation, market design and technologies that are applicable to varied environments and markets around the world.

If we get it right, Texas will be known for not only producing energy but also for shaping how energy systems evolve globally. In order for Texas to lead both locally and globally, we need to focus on performance through smarter infrastructure, thoughtful policy and informed consumers.

Because true energy leadership isn’t just about how much we produce, it’s about performance, access and impact from Texas communities to the global stage, which is an imperative that goes far beyond Earth Day.

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Sam Luna is director at BKV Energy, where he oversees brand and go-to-market strategy, customer experience, marketing execution, and more.

Houston energy transition hub opens applications for new fundraising cohort

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EnergyTech Cypher has opened applications for its second Liftoff fundraising program.

Applications close May 20 for the 10-week virtual fundraising sprint. The program is geared toward energy and climatech founders preparing to raise their first institutional round. It will cover fundraising requisites, like pitch materials, term sheet negotiation and round closing, according to a release from EnergyTech Cypher.

The program kicks off June 1 and runs every Monday from 1-3 p.m. CST. It will conclude with an in-person capstone simulation in Houston on August 3, where founders will work to close a mock round.

Jason Ethier, EnergyTech Cypher founder and CEO, will lead the program with Payal Patel, an EnergyTech fellow and entrepreneur in residence.

The program is available through Cephyron, EnergyTech Cypher's new investor relationship management platform, built specifically for energy and climatech founders. Users must have a Cephyron Boost membership to participate in the Liftoff program.

The Cephyron IRM app recently went live and is available to founders at any point in their fundraising process, according to the news release. The platform aggregates investor data, tracks market signals and delivers curated weekly recommendations.

EnergyTech Cypher launched Liftoff last year. The inaugural cohort included 19 startups, including Houston-based AtmoSpark Technologies, The Woodlands-based Resollant and others. Each participant closed at least one fundraising deal, according to EnergyTech Cypher.

EnergyTech Cypher rebranded from EnergyTech Nexus earlier this year. It also launched its CoPilot accelerator in 2025. The inaugural group presented its first showcase during CERAWeek last month.

EnergyTech Cypher's annual Pilotathon Pilot Pitch and Showcase applications also opened this month. Find more information here.