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Texas to receive $70M to build EV charging network

follow the funding

The federal grants will fund 47 EV charging stations and related projects in 22 states and Puerto Rico, including 7,500 EV charging ports. Photo by Andrew Roberts/Unsplash

The Biden administration is awarding $623 million in grants to help build an electric vehicle charging network across the nation, and Texas is expected to see a chunk of that funding.

Grants being announced Thursday will fund 47 EV charging stations and related projects in 22 states and Puerto Rico, including 7,500 EV charging ports, officials said.

“America led the arrival of the automotive era, and now we have a chance to lead the world in the EV revolution — securing jobs, savings and benefits for Americans in the process,” said Transportation Secretary Pete Buttigieg. The new funding “will help ensure that EV chargers are accessible, reliable and convenient for American drivers, while creating jobs in charger manufacturing, installation and maintenance for American workers.”

Congress approved $7.5 billion in the 2021 infrastructure law to meet President Joe Biden's goal of building out a national network of 500,000 publicly available chargers by 2030. The charging ports are a key part of Biden's effort to encourage drivers to move away from gasoline-powered cars and trucks that contribute to global warming.

But progress on the network has been slow. Ohio and New York are the only states that have opened charging stations under the National Electric Vehicle Infrastructure program. Several other states, including Pennsylvania and Maine, have broken ground on federally funded projects and are expected to open stations early this year. A total of 28 states, plus Puerto Rico, have either awarded contracts to build chargers or have accepted bids to do so.

The grants announced Thursday include $311 million to 36 “community” projects, including two Native American Tribes in Alaska and Arizona. The projects will boost EV charging and hydrogen fueling infrastructure in urban and rural communities, including at high-use locations such as schools, parks, libraries and apartment buildings.

About $70 million will go to the North Central Texas Council of Governments to build up to five hydrogen fueling stations for medium- and heavy-duty freight trucks in Dallas-Fort Worth, Houston, Austin and San Antonio. The project will help create a “hydrogen fueling corridor” from southern California to Texas.

Another $312 million in funding will go to 11 highway “corridors” along roadways designated as Alternative Fuel Corridors. The projects include $19.6 million for publicly accessible EV charging facility in Riverside County California, located midway between Los Angeles and Phoenix on the I-10 corridor. The project includes installation of six large chargers for heavy-duty vehicles and 30 fast chargers for light-duty vehicles; solar and battery energy storage systems; and amenities such as rest areas.

A pollution district in San Joaquin Valley, California will receive $56 million to build two state-of-the-art truck charging sites in Taft and Gustine, California, to support two of the nation’s busiest freight corridors along I-5. The sites will feature 90 fast chargers for passenger vehicles, 85 fast chargers for medium to heavy-duty EVs and 17 large chargers. The sites will also enhance grid stability with 63 acres of solar panels and battery electric storage systems.

Another $15 million will go to the Maryland Clean Energy Center to build 87 EV charging stations in urban, suburban and low- and moderate-income communities across the state. Proposed sites include Coppin State University, a historically Black school in Baltimore, and 34 disadvantaged communities with multi-family housing.

Since Biden took office in 2021, EV sales have more than quadrupled and reached more than 1 million last year. The number of publicly available charging ports has grown by nearly 70 percent to 168,426, White House climate adviser Ali Zaidi said.

That number is about one-third of the way to Biden's goal, with six years remaining.

“We are on an accelerating trajectory to meet and exceed the president’s goal to hit 500,000 chargers and build that nationwide backbone,'' Zaidi told reporters Wednesday.

Widespread availability of chargers is crucial to meet another Biden administration goal: ensuring that EVs make up half of all new car sales by 2030. Along with cost, “range anxiety” about a lack of available charging stations is a key impediment to buying an EV. About 80 percent of respondents cited concerns about a lack of charging stations as a reason not to purchase an electric vehicle, according to an April survey from The Associated Press-NORC Center for Public Affairs Research and the Energy Policy Institute at the University of Chicago.

Seven in 10 respondents said they would not purchase an EV because they take too long to charge and the battery technology isn’t ready.

Buttigieg and other administration officials brushed those concerns aside and said the future of auto travel is electric.

“We’re at a moment now where the electric vehicle revolution isn't coming. It is very much here,'' Buttigieg told reporters. EV sales now represent about 9 percent of all passenger vehicle sales, Buttigieg said — a huge increase since Biden took office. He cited a new study showing that EV's cost just 4 percent more than gasoline-powered cars.

"There's been a really remarkable drop in the prices that consumers face for EVs. And we believe we are fast approaching the period when EVs, on average, will be cheaper than internal combustion vehicles,'' Buttigieg said.

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Oil giant BP ousts new chairman over serious conduct concerns

Sudden Exit

BP has ousted its chairman over what it called serious concerns related to “important governance standards, oversight and conduct.”

The departure was abrupt and unexpected, with Albert Manifold having been appointed to the position late last year.

“Albert has helped bring a welcome focus and pace to BP’s transformation," Amanda Blanc, senior independent director, said in a statement Tuesday, May 26. "However, the board has been surprised and disappointed to learn of governance oversight and conduct issues it deems unacceptable and has taken decisive action.”

BP's board named Ian Tyler as interim chair, effective immediately.

BP, based in London and with North American headquarters in Houston, is a “supermajor,” one of the five largest oil production and exploration companies in the world when measured by revenue and profit.

Manifold, who had been the top executive at Dublin-based global building materials company CRH for 10 years, became the chair at BP in October. BP was looking for someone to revamp the oil giant and went with an industry outsider in Manifold, who had made major strategic changes at CRH.

After a new focus on renewable energy at BP in 2020, by 2025 the company was seeking a return to its roots. BP's hard reset was criticized by environmentalists, as well as some shareholders.

CEO Murray Auchincloss said last year that optimism over opportunities in renewable energy was misplaced, with the company moving “too far and too fast.”

Changes in leadership at BP in recent years has been tumultuous.

CEO Bernard Looney resigned in late 2023 after BP determined that he had misled the company over his past relationships with colleagues.

Auchincloss stepped down in December, and the company named Meg O'Neill as his successor.

Manifold’s was challenged almost immediately when shareholders defeated company resolutions this spring that would have allowed BP to reduce climate reporting requirements and move its annual meetings fully online. Some 18% of shareholders voted against Manifold’s election as chairman, a high level of opposition for an appointment that is generally rubber stamped by investors.

Legal & General, one of Britain’s largest insurers and investment companies, said at the time that Manifold was responsible for resolutions that would have had “a negative impact on shareholders’ insight into how the company is addressing financially material long-term risks, and seizing long-term value creation opportunities, associated with the energy transition,” the Times of London reported on April 23.

Glass Lewis, an influential shareholder advisor, urged investors to vote against Manifold’s election. It held that BP took “unprecedented action” by refusing to consider a resolution from a group of climate activists and pension funds hoping to force the board to create an alternative strategy should demand for fossil fuels decline, the Times reported.

Like other big oil companies, BP has struggled with falling demand in recent years.

BP’s 2025 earnings fell 16% from a year earlier to $7.49 billion as the price of Brent crude, a benchmark for international oil prices, dropped 16.9%. The company’s preferred measure of earnings is underlying replacement cost profit, which adjusts for one-time items and fluctuations in the market value of inventories. Net income plunged 86% to $55 million.

Last year there were media reports that British oil giant Shell was in talks to buy rival BP. Shell denied the reports at the time.

The search for a new chair is underway, BP said Tuesday. Shares of BP Plc slid nearly 5% in midday trading on the NYSE.

Houston startup nets new funding to accelerate methane leak detection

fresh funding

Houston climatech startup Aquanta Vision has secured pre-seed funding to accelerate the commercialization of its methane leak detection software.

EIC Rose Rock participated in the round, joining investors like Marathon Petroleum Corporation, Chevron Technology Ventures, Ecosphere Ventures, and Odyssey Energy Advisors. The investment follows successful field trials for Aquanta Vision’s optical gas imaging (OGI) detection software, according to the company.

“This investment highlights our shared excitement as our patented novel technology improves detection levels for OGI camera operators,” Babur Ozden, Aquanta Vision’s CEO and founder, said in a news release. “The funding from EIC Rose Rock enables us to strategically accelerate this impact.”

Aquanta Vision’s OGI technology features an automated detection layer through an add-on app that improves methane detectability without requiring new hardware. It installs in minutes, runs locally and provides real-time, in-flight plume visualization for inspections with drone-mounted and handheld cameras.

“We are excited to partner with Aquanta Vision to scale and deploy this world-class technology that enables the energy industry to continue to deliver the secure, reliable and affordable energy that drives the American economy,” David Clouse, managing director of the EIC Rose Rock fund, added in the news release.

The company has partnered with Teledyne Flir and Sierra Olympia, makers of one of the world’s largest deployed fleet of handheld and drone-mounted optical gas imaging cameras used in industrial inspections. AquantaVision is now working with Teledyne Flir’s product team, as well as Sierra Olympia and its OEM partners.

Aquanta Vision has estimated that methane leaks cost the U.S. energy industry billions of dollars each year, with 60 percent of leaks going undetected, and methane leaks accounting for around 10 percent of natural gas's contribution to climate change, according to MIT’s climate portal.

Houston trio lands on Time’s list of 10 most influential energy companies

making an impact

Three companies with headquarters in Houston made Time magazine’s new list of the 10 most influential energy companies.

The unranked list includes:

  • Houston-based oil and gas giant Chevron
  • Houston-based Fervo Energy, a geothermal power provider that just went public in a $1.9 billion IPO
  • Saudi Aramco, the world’s largest oil company, whose U.S. headquarters is in Houston

In naming Chevron to the list, Time cites the company’s standing as the only major American oil company operating in Venezuela. Time says Chevron wields “extraordinary power” over Venezuela’s massive oil reserves.

Despite pressure from the White House on U.S. oil and gas producers to ramp up investments in Venezuela, “Chevron has pumped the brakes, pledging to boost output gradually and not chase price fluctuations,” Time says.

“Chevron has been in Venezuela for over a century,” CEO Mike Wirth told shareholders in January. “We remain committed to leveraging our deep expertise and long-standing partnerships for the benefit of our shareholders and the people of Venezuela.”

Time points out that Fervo sits “at the front of the pack” in generation of geothermal energy. The Houston-based company uses fracking techniques borrowed from the oil and gas industry to create underground hot-rock reservoirs that heat water to generate electricity.

Fervo’s Cape Station in Utah is scheduled to start delivering power to the grid this year. At full capacity of 500 megawatts, it will be the first large-scale commercial geothermal plant in the U.S. Time says another site in Utah, Project Blanford, is Fervo’s hottest well yet, highlighting the potential for harnessing geothermal heat for at-scale clean energy.

“It’s hard to find something that can [deliver] reliable 24/7 energy, that’s carbon-free, and can be constructed in a timely manner,” Fervo CEO Tim Latimer said. “It’s energy without a lot of the compromises.”

Government-owned Saudi Aramco, which last year earned $104.7 billion in profit, not only is a dominant player in the Mideast oil and gas sector, but Time says it holds “global clout in politics and business” that reaches far beyond oilfields. For example, the company finances big projects spearheaded by Crown Prince Mohammad Bin Salman, who chairs Saudi Arabia’s sovereign wealth fund. These include initiatives in global sports, tourism, and AI.
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