University of Houston selected for DOE-backed energy storage innovation initiative

tapping in

The University of Houston has joined the Energy Storage Research Alliance, one of two DOE-backed energy innovation hubs. Photo via Getty Images

The University of Houston was selected for a new energy storage initiative from the United States Department of Energy.

UH is part of the Energy Storage Research Alliance (ESRA), which is one of the two energy innovation hubs that the DOE is creating with $125 million. The DOE will provide up to $62.5 million in ESRA funding over a span of five years.

“To fuel innovation and cultivate a sustainable and equitable energy future, all universities, government entities, industry and community partners have to work together,” Ramanan Krishnamoorti, vice president for energy and innovation at UH, says in a news release. “No one person or entity can achieve all this by themselves. As the Energy University and a Carnegie-designated Tier One research university, located in Houston — a center of diverse talent and experience from across the energy industry — UH has a unique advantage of continuing to build on Houston’s global leadership and demonstrating solutions at scale.

The hubs will attempt to address battery challenges and encourage next-generation innovation, which include safety, high-energy density and long-duration batteries. The batteries will be made from inexpensive, abundant materials, per the release.

The work that will be done at ESRA and other hubs can optimize renewable energy usage, reduce emissions, enhance grid reliability, and assist in growing electric transportation, and other clean energy solutions.

ESRA will bring in 50 researchers from three national laboratories and 12 other universities, including UH. The deputy lead of the soft matter scientific thrust and the principal investigator for UH’s portion of the project will be Yan Yao. Yao is the Hugh Roy and Lillie Cranz Cullen Distinguished Professor at the UH Cullen College of Engineering and principal investigator at the Texas Center for Superconductivity.

UH professor Yan Yao will lead the school's participation in the program. Photo via UH.edu

ESRA will focus on three interconnected scientific thrusts and how they work together: liquids, soft matter, and condensed matter phases. Yao and his team have created next-generation batteries using low-cost organic materials. The team previously used quinones that can be synthesized from plants and food like soybeans to increase energy density, electrochemical stability and safety in the cathode. Yao’s team were the first to make solid-state sodium batteries by using multi-electron conformal organic cathodes. The cathodes had a demonstrated record of recharging stability of 500 charging cycles.

Robert A. Welch Assistant Professor of electrical and computer engineering at UH Pieremanuele Canepa, will serve as co-PI. Both will investigate phase transitions in multi-electron redox materials and conformable cathodes to enable solid-state batteries by “marrying Yao’s experimental lab work with Canepa’s expertise in computational material science,” according to the release.

Joe Powell, founding director of the UH Energy Transition Institute and a professor in the Department of Chemical and Biomolecular Engineering, will create a community benefit plan and develop an energy equity course.

“New energy infrastructure and systems can have benefits and burdens for communities,” Powell says in the release. “Understanding potential issues and partnering to develop best solutions is critical. We want everyone to be able to participate in the new energy economy and benefit from clean energy solutions.”

This project will be led by Argonne National Laboratory and co-led by Lawrence Berkeley National Laboratory and Pacific Northwest National Laboratory.

“This is a once in a lifetime opportunity,” adds Yao. “To collaborate with world-class experts to understand and develop new science and make discoveries that will lead to the next generation of batteries and energy storage concepts, and potentially game changing devices is exciting. It’s also a great opportunity for our students to learn from and work with top scientists in the country and be part of cutting-edge research.”

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Some of the key takeaways include strategies that include partnering for success, hands-on training programs, flexible education pathways, comprehensive support services, and early and ongoing outreach initiatives. Photo via Getty Images

New report maps Houston workforce development strategies as companies transition to cleaner energy

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The University of Houston’s Energy University latest study with UH’s Division of Energy and Innovation with stakeholders from the energy industry, academia have released findings from a collaborative white paper, titled "Workforce Development for the Future of Energy.”

UH Energy’s workforce analysis found that the greatest workforce gains occur with an “all-of-the-above” strategy to address the global shift towards low-carbon energy solutions. This would balance electrification and increased attention to renewables with liquid fuels, biomass, hydrogen, carbon capture, utilization and storage commonly known as CCUS, and carbon dioxide removal, according to a news release.

The authors of the paper believe this would support economic and employment growth, which would leverage workers from traditional energy sectors that may lose jobs during the transition.

The emerging hydrogen ecosystem is expected to create about 180,000 new jobs in the greater Houston area, which will offer an average annual income of approximately $75,000. Currently, 40 percent of Houston’s employment is tied to the energy sector.

“To sustain the Houston region’s growth, it’s important that we broaden workforce participation and opportunities,” Ramanan Krishnamoorti, vice president of energy and innovation at UH, says in a news release. “Ensuring workforce readiness for new energy jobs and making sure we include disadvantaged communities is crucial.”

“The greater Houston area’s journey towards a low-carbon future is both a challenge and an opportunity,” Krishnamoorti continues. “The region’s ability to adapt and lead in this new era will depend on its commitment to collaboration, innovation, and inclusivity. By preparing its workforce, engaging its communities, and leveraging its industrial heritage, we can redefine our region and continue to thrive as a global energy leader.”

The study was backed by federal funding from the Department of the Treasury through the State of Texas under the Resources and Ecosystems Sustainability, Tourist Opportunities, and Revived Economies of the Gulf Coast States Act of 2012.

The projects are among 16 other early-stage research projects at U.S. colleges and universities to receive a total of $17.4 million from the DOE's Office of Fossil Energy and Carbon Management. Photo courtesy of University of Houston

3 Houston energy projects land $17.4M in federal funding for early-stage research

grants granted

Three projects from the University of Houston have been awarded funds from the U.S. Department of Energy for research on decarbonization and emissions.

“These three projects show the relevance and quality of the research at UH and our commitment to making a meaningful impact by addressing society’s needs and challenges by doing critical work that impacts the real world,” Ramanan Krishnamoorti, vice president for energy and innovation at UH, says in a statement. “The success of these project could attract investment, create jobs, produce clean energy, save costs, reduce carbon emissions, and benefit not only the greater Houston area, but the Gulf Coast and beyond.”

The projects were selected under FECM’s University Training and Research program, which aims to support "research and development opportunities for traditionally underrepresented communities and tap into the innovative and diverse thinking of student researchers," according to an announcement from the DOE.

Here are the projects from UH and their funding amounts:

A Comprehensive Roadmap for Repurposing Offshore Infrastructure for Clean Energy Projects in the Gulf of Mexico, $749,992 — Led by Ram Seetharam, UH Energy program officer, this project looks at ways to prolong the life of platforms, wells and pipelines in the Gulf Coast and will create a plan "covering technical, social, and regulatory aspects, as well as available resources," according to UH.

Houston Hydrogen Transportation Pilot, $750,000— Led by Christine Ehlig-Economides, Hugh Roy and Lillie Cranz Cullen, and managed by Joe Powell, this project will demonstrate the potential for a hydrogen refueling pilot in Houston. The first phase will create a system to optimize hydrogen and the second will create a workforce training network. The project is in collaboration with Prairie View A&M University.

Synergizing Minority-Serving Institution Partnerships for Carbon-Negative Geologic Hydrogen Production, $1.5 million — This project is in collaboration with Stanford Doerr School of Sustainability and Texas Tech. The project will create a visiting scholars program for students from UH and TTU, who will spend one month per year at Stanford for three years. While in the program, students will focus on creating carbon-negative hydrogen from rocks beneath the Earth's surface. Kyung Jae Lee, associate professor in the Department of Petroleum Engineering at UH, is working alongside colleagues at TTU and Stanford on this project.

Other projects in the group come from the University of Texas at El Paso, New Mexico Institute of Mining and Technology, Tennessee State University, North Carolina Agricultural and Technical State University, Duke University and more.

Last year the DOE also awarded $2 million to Harris and Montgomery counties for projects that improve energy efficiency and infrastructure in the region. Click here to read about those projects.

The DOE also granted more than $10 million in funding to four carbon capture projects with ties to Houston last summer.

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This article originally ran on InnovationMap.

Two UH-affiliated organizations scored DOE funding for advancing superconductivity projects. Photo courtesy of UH

University of Houston pockets $5M in DOE funding for superconductivity projects

taking on tape

A program within the U.S. Department of Energy has deployed $10 million into three projects working on superconducting tape innovation. Two of these projects are based on research from the University of Houston.

The DOE's Advanced Research Projects Agency-Energy, or ARPA-E, issued the funding through its Novel Superconducting Technologies for Conductors Exploratory Topic. Superconductivity — found only in certain materials — is a focus point for the DOE because it allows for the conduction of direct electric current without resistance or energy loss.

The demand for HTS, or high-temperature superconducting, tapes has risen as the country moves toward net-zero energy, driving up the cost of the materials, which are manufactured outside of the U.S. Here's where the DOE wants to help.

“If we can improve superconductors and manufacture them here in the United States, we can ultimately speed up the energy transition through enabling cost savings, faster production, and improved capability,” ARPA-E Director Evelyn N. Wang says in the DOE press release. “The teams [selected] will all pursue ARPA-E’s mission to lower emissions, bolster national security, increase energy independence and improve energy efficiency through their critical research.”

Selva Research Group, a team from UH focused on scaling HTS tape production and led by Venkat Selvamanickam, M.D. Anderson Chair Professor of Mechanical Engineering and director of the Advanced Manufacturing Institute, received a $2 million grant.

“Even though our superconducting tape is three times better than today’s industry products, for us to be able to take it to full-scale commercialization, we need to produce it faster and at a lower cost while maintaining its high quality,” Selvamanickam says in a UH press release. “This funding is to address this challenge and it’s an important step forward towards commercialization of our technology.”

The other UH-based team is MetOx Technologies, which secured $3 million in funding to support the advancement of its proprietary manufacturing technology for its HTS wire. Co-founded in 1998 by Alex Ignatiev, UH professor emeritus of physics and a fellow of the National Academy of Inventors, who also serves as the company’s chief science officer, MetOx plans to open its new manufacturing facility by the end of the year.

“This ARPA-E funding not only allows MetOx to advance its HTS wire fabrication process that I developed at UH, but also signifies the DOE’s recognition that MetOx is important,” Ignatiev says in the release. “The cost-effective HTS product that MetOx is developing at scale is critical to the national and global application of HTS for the world’s energy needs.”

The ARPA-E funding emphasizes the need for advancement of HTS tape innovation, and UH-affiliated groups receiving two of the three grants indicates the school is a leader in the space — something UH Vice President for Energy and Innovation Ramanan Krishnamoorti is proud of.

“These awards recognize the relevance and quality of the research at UH and our commitment to making a meaningful impact by addressing society’s needs and challenges by transitioning innovations out of research labs and into the real world,” Krishnamoorti says in the release.

High-temperature superconducting tapes have a high potential in the energy transition. Photo courtesy of UH

The PhD and doctoral students will each receive a one-year $12,000 fellowship, along with mentoring from experts at UH and Chevron. Photo via UH.edu

University of Houston names first group of Chevron-backed fellows

meet the chosen ones

The University of Houston has named eight graduate students to its first-ever cohort of UH-Chevron Energy Graduate Fellows.

The PhD and doctoral students will each receive a one-year $12,000 fellowship, along with mentoring from experts at UH and Chevron. Their work focuses on energy-related research in fields ranging from public policy to geophysics and math. The fellowship is funded by Chevron.

“The UH-Chevron Energy Fellowship program is an exciting opportunity for our graduate students to research the many critical areas that impact the energy industry, our communities and our global competitiveness,” Ramanan Krishnamoortil UH's Vice President for Energy and Innovation says in a statement.

“Today’s students not only recognize the importance of energy, but they are actively driving the push for affordable, reliable, sustainable and secure energy and making choices that clearly indicate that they are meaningfully contributing to the change,” he continues.

“We love that Chevron is sponsoring this group of fellows because it’s a fantastic way for us to get involved with the students who are working on some of the biggest problems we’ll face in society,” Chevron Technology Ventures President Jim Gable adds.

The 2023 UH-Chevron Energy Graduate Fellows are:

Kripa Adhikari, a Ph.D. student in the Department of Civil and Environmental Engineering in the Cullen College of Engineering. Her work focuses on thermal regulation in enhanced geothermal systems. She currently works under the mentorship of Professor Kalyana Babu Nakshatrala and previously worked as a civil engineer with the Nepal Reconstruction Authority.

Aparajita Datta, a researcher at UH Energy and a Ph.D. candidate in the Department of Political Science. Her work focuses on the federal Low-Income Home Energy Assistance Program (LIHEAP), a redistributive welfare policy designed to help households pay their energy bills. She holds a bachelor’s degree in computer science and engineering from the University of Petroleum and Energy Studies in India, and master’s degrees in energy management and public policy from UH. She also recently worked on a paper for UH about transportation emissions.

Chirag Goel, a Ph.D. student in materials science and engineering at UH. His work focuses on using High Temperature Superconductors (HTS) to optimize manufacturing processes, which he says can help achieve carbon-free economies by 2050. The work has uses in renewable energy generation, electric power transmission and advanced scientific applications.

Meghana Idamakanti, a third-year Ph.D. student in the William A. Brookshire Department of Chemical and Biomolecular Engineering. Her work focuses on using electrically heated steam methane for cleaner hydrogen production. She received her bachelor’s degree in chemical engineering from Jawaharlal Nehru Technological University in India in 2020 and previously worked as a process engineering intern at Glochem Industries in India.

Erin Picton, an environmental engineering Ph.D. student in the Shaffer Lab at UH. Her work focuses on ways to increase the sustainability of lithium processing and reducing wasted water and energy. “I love the idea of taking waste and turning it into value,” she said in a statement. She has previously worked in collaboration with MIT and Greentown Labs, as chief sustainability officer of a Houston-based desalination startup; and as a visiting graduate researcher at Argonne National Lab and at INSA in Lyon, France.

Mohamad Sarhan, a Ph.D. student and a teaching assistant in the Department of Petroleum Engineering. His work focuses on seasonal hydrogen storage and the stability of storage candidates during hydrogen cycling. He holds a bachelor’s degree and a master’s degree in petroleum engineering from Cairo University

Swapnil Sharma, a Ph.D. student in the William A. Brookshire Department of Chemical and Biomolecular Engineering. His work has been funded by the Department of Energy and focuses on thermal modeling of large-scale liquid hydrogen storage tanks. He works with Professor Vemuri Balakotaiah. He holds bachelor's and master’s degrees in chemical engineering from the Indian Institute of Technology (IIT). He also developed one of the world’s highest fiber-count optical fiber cables while working in India and founded CovRelief, which helped millions of Indians find resources about hospital beds, oxygen suppliers and more during the pandemic.

Larkin Spires, who's working on her doctoral research in the Department of Earth and Atmospheric Sciences in the College of Natural Sciences and Mathematics. Her work focuses on a semi-empirical Brown and Korringa model for fluid substitution and the ties between geophysics and mathematics. She works under Professor John Castagna and holds a bachelor’s degree in math from Louisiana State University and a master’s degree in geophysics from UH.

Earlier this month Evolve Houston also announced its first-ever cohort of 13 microgrant recipients, whose work aims to make EVs and charging infrastructure more accessible in some of the city's more underserved neighborhoods.

The first phase of the Pelican Gulf Coast Carbon Removal project recently received nearly $4.9 million in grants. Photo via Getty Images

Louisiana DAC project supported by UH, Shell gets $4.9M in funding

closer look

The University of Houston is spilling details about its role in a potential direct air capture, or DAC, hub in Louisiana.

The first phase of the Pelican Gulf Coast Carbon Removal project recently received nearly $4.9 million in grants, including almost $3 million from the U.S. Department of Energy. Led by Louisiana State University, the Pelican consortium includes UH and Shell, whose U.S. headquarters is in Houston.

The funding will go toward studying the feasibility of a DAC hub that would pull carbon dioxide from the air and either store it in deep geological formations or use it to manufacture various products, such as concrete.

“This support of development and deployment of direct air capture technologies is a vital part of carbon management and allows us to explore sustainable technological and commercial opportunities,” Ramanan Krishnamoorti, vice president for energy and innovation at UH, says in a news release.

Chemical engineer Joseph Powell, founding executive director of the university’s Energy Transition Institute, will be the primary leader of UH’s work on the Pelican project.

“DAC can be an important technology for addressing difficult-to-decarbonize sectors such as aviation and marine transport as well as chemicals, or to achieve negative emissions goals,” Powell says.

Powell, a fellow of the American Institute of Chemical Engineers, was Shell’s first-ever chief scientist for chemical engineering from 2006 until his retirement in 2020. He joined Shell in 1988.

Shell is the Pelican project’s “technical delivery partner.”

“Advancing carbon management technologies is a critical part of the energy transition, and effectively scaling this technology will require continued collaboration, discipline, and innovation,” says Adam Prince, general manager of carbon capture storage strategy and growth at Shell.

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Expert: Demystifying SBIR grants for Houston energy transition startups

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Grants are everywhere, all the time, but often seem unobtainable for startups. Most companies tell me about their competitors winning grants but don’t know how to secure non-dilutive funding for themselves. It’s true that the SBIR program is competitive — with only 10 to 15 percent of applicants receiving awards — but with a little guidance and perseverance, they are most definitely obtainable.

An SBIR overview

The Small Business Innovation Research program was introduced on the federal level in 1982 with the purpose of de-risking early technologies. While most investors are hesitant to invest in a company that’s still in ideation, the SBIR program would provide an initial level of feasibility funding to develop a prototype. The program issues funds to companies without taking any equity, IP, or asking for the money back.

Since its inception, the SBIR program has funded over 200,000 projects through 11 different federal agencies, including, but not limited to, the Department of Defense, the National Institute of Health, and the National Science Foundation. Federal agencies with R&D budgets over $100 million dedicate at least 3.2 percent of their budget to the SBIR program to fund research initiated by small businesses.

Eligibility and application process

It is no surprise that only small businesses can apply for this non-dilutive funding. For SBIR purposes, a small business is defined as being a for-profit entity, smaller than 500 employees, 51 percent owned by US citizens or permanent residents, and not primarily owned by venture capital groups. This small business must also have the rights to the IP that needs de-risking.

To apply, the small business must have a specific project that needs funding. Normally, this project will have three specific aims that detail the action items that will be attempted during the funded period. Some agencies require a pre-application, like a letter of intent (DOE) or a project pitch (NSF). Others don’t have a screening process and you can simply submit a full application at the deadline. Most agencies published examples of funded or denied applications for you to review.

SBIR phases

Phase I of the SBIR program is the normal entry point for every agency. It takes your product from ideation, through a feasibility study, to having a prototype. While agencies provide various funding amounts, the range is between $75,000 to $300,000 for 3 to 12 months of R&D activities. Applications contain a feasibility research plan (around six pages), an abstract, specific aims, supporting documents, and a budget.

While some programs allow for Direct to Phase II (D2P2) applications, most don’t apply for Phase II until they have secured Phase I funding. This second phase allows companies with completed feasibility studies to test their new prototype at a larger scale. The budgets for this phase range from $600,000 to $3 million and span an average of two years. The research plan is twice as robust and a commercialization plan is also needed.

Tips for success

If you’re wondering if your technology would be a good fit for a certain program, you can start by looking at the SBIR website to see the previously funded projects. The more recent projects will give you an idea of the funding priorities for each agency. Most abstracts will allude to the specific aims, meaning you can get a sense of the research projects that were approved. If you regularly see an agency funding projects similar to yours, you can search sbir.gov/topics for that agency’s research topics and upcoming deadlines.

Your team is one of the most important aspects of the application. Since you will be reviewed by academic experts, it’s helpful to have a principal investigator on your project that has a history of experience or publications with similar technology. Keep in mind that this principal investigator must be primarily employed by your company at the time of the grant. If this individual is employed by a university or nonprofit research organization, consider taking the STTR route so you can utilize their expertise.

Preparing Phase I applications should take no less than eight weeks, and Phase II should take at least ten. Your first step should be read the entire solicitation and create action items. The early action items should be

Completing government registrations, like SAM.gov
Writing your abstract and specific aims
Contacting the program manager or director for early feedback

Any bids, estimates, or letters of support may also take time to receive, so don’t delay pursuing these items.

Don’t stop trying

If you speak to any program officer, they will encourage you to keep applying. For resubmissions, you will have a chance to explain why your previous application was denied and what you’ve done to improve. Most companies receive funding on the resubmission. If you get the feeling that a specific agency isn’t the right fit, reach out to other agencies that may be interested in the technology. You may realize that a small pivot may open up better opportunities.

There are frequently published webinars from different agencies that will give overviews of the specific solicitations and allow for Q&A. If you feel stuck or are still concerned about getting started, reach out to an individual or group that can provide guidance. There are plenty of grant writers, some of which have reviewed for the SBIR program for different agencies, who can provide strategy, guidance, reviews, and writing services to provide different levels of help.

Securing SBIR funding can be a game-changer for startups. While the process may seem daunting at first, with the right approach and persistence, it’s very obtainable. Remember, each application is a learning experience, and every iteration brings you closer to success. Whether you seek support from webinars, program officers, or professional grant writers, the key is to keep pushing forward. The potential rewards far outweigh the challenges, and with determination, your startup could be the next SBIR success story.

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Robert Wegner is the director of business development for Euroleader.

This article originally ran on InnovationMap.

Large pipeline explodes in Houston after a vehicle struck a valve, officials say

breaking news

A massive pipeline explosion that sent a towering flame over neighborhoods near Houston for hours on Monday began after a vehicle drove through a fence and struck an above-ground valve, officials said.

Deer Park officials said police and local FBI agents found no evidence of “terroristic activity" and said it appears to be an isolated incident. The ongoing investigation includes an effort to identify the driver. The blaze forced evacuations and shelter orders in the area, including at schools.

Operators shut off the flow of natural gas liquids in the pipeline, but so much remained in the miles of pipe that firefighters could do nothing but watch and hose down adjacent homes until it burned itself out. That could take hours, perhaps into Tuesday, Deer Park Mayor Jerry Mouton Jr. said.

“The fire, it’s very hot, so a lot of the house structures that are adjacent to that are still catching on fire even though we’re putting a lot of water on them,” Mouton said at an afternoon news conference.

Firefighters were dispatched at 9:55 a.m., after an explosion at a valve station in Deer Park and right next to La Porte rattled adjacent homes and businesses, including a Walmart. Deer Park officials said an SUV drove into the valve after going through a fence on the side of the Walmart parking lot.

Nearly 1,000 homes were in the evacuation area, said Lee Woodward, a spokesperson for La Porte.

At the news conference, officials said only one person, a firefighter, sustained a minor injury. Later, Deer Park spokesperson Kaitlyn Bluejacket said four people were injured. She didn’t provide details about the severity of the injuries.

Harris County Judge Lina Hidalgo said in a statement that 20 miles (32 kilometers) of pipeline between the two closed vales must burn off before the fire stops.

Anna Lewis, who was walking into the nearby Walmart when the explosion happened, said it sounded “like a bomb went off.” She said everyone inside was rushed to the back of the store and then taken across the street to a grocery store before being bussed to a community center.

“It scared me,” she said. “You really don’t know what to do when it’s happening.”

Geselle Melina Guerra said she and her boyfriend heard the explosion as they were having breakfast in their mobile home.

“All of a sudden we hear this loud bang and then I see something bright, like orange, coming from our back door that’s outside,” said Guerra, who lives within the evacuation area.

Guerra’s boyfriend, Jairo Sanchez, said they’re used to evacuations because they live close to other plants near the highway, but he hadn’t seen an explosion before in his 10 years living there.

“We just drove as far as we could because we didn’t know what was happening,” Sanchez said.

Houston, Texas’ largest city, is the nation’s petrochemical heartland and is home to a cluster of refineries and plants and thousands of miles of pipelines. Explosions and fires are a familiar sight in the area, including some that have been deadly, raising recurring questions about the adequacy of industry efforts to protect the public and the environment.

Letting the fire burn out is better, from an environmental perspective, than trying to attack the flames with some kind of suppressing foam or liquid, said Ramanan Krishnamoorti, a petroleum engineering professor at the University of Houston.

“Otherwise it’s going to release a lot of volatile organics into the environment,” he said.

Still, there will undoubtedly be negative environmental consequences, including a release of soot, carbons and organic material, he said.

The pipeline’s owner, Dallas-based Energy Transfer, said air monitoring equipment was being set up near the plume of fire and smoke, which could be seen from at least 10 miles (16 kilometers) away at one point.

A statement from Harris County Pollution Control on Monday afternoon said no volatile organic compounds had been detected. The statement said particulate matter from the smoke was moderate and not an immediate risk to healthy people, although “sensitive populations may want to take precautions.” The Texas Commission on Environmental Quality said it was also monitoring the air.

Natural gas liquids are used primarily in the manufacturing of plastics and basic and intermediate chemicals, Krishnamoorti said.

The fire burned through nearby power lines, and the website PowerOutage.us said several thousand customers were without power at one point in Harris County.

In addition to damage closest to the flame, the area’s extensive pipeline infrastructure will also have to be closely inspected and monitored for damage, Krishnamoorti said.

He said that “in the grand scheme of things,” the fire “won’t be a major disrupter of supply chains.”

The Railroad Commission of Texas, which regulates oil and gas in the state, said its safety inspectors were investigating. The agency said they were receiving information from other pipeline operators about what they were doing to ensure the safety of their systems.

Margaret Newman, who lives on the edge of the evacuation zone, said that when she heard the explosion she went out into her yard and could see the flame shooting above the trees. She lost electricity but has a generator that will keep one of the rooms in her home cool, so she planned to stay.

Newman said that in general, she’s not bothered by living so close to such industry. She said she thought the flame was getting smaller by Monday afternoon.

“I keep waiting for it to go out, poof!” she said. “I’m tired of this.”

Global bank announces new Houston hub for powering energy transition projects

cha-ching

Spanish financial services company BBVA Group has created a hub in Houston for financing energy transition projects in the U.S.

BBVA made the announcement at the first-ever Houston Energy & Climate Week, which the bank sponsored.

“The United States has a unique opportunity to lead the global transition to a more sustainable economy. Our office in Houston, the energy transition capital of the world, will be a key component of our sustainability strategy, complementing and integrated with our New York operations,” Alvaro Aguilar, BBVA’s head of strategic projects in the U.S., says in a news release.

The new Houston office is part of BBVA’s corporate and investment banking unit in the U.S. The local hub will partner with BBVA cleantech finance teams in New York City, London, and Madrid.

“We aim to make sustainability a driver of growth, support decarbonization projects, and position BBVA as the leading player in sustainable finance in the United States,” says Javier Rodríguez Soler, BBVA’s global head of sustainability.

BBVA’s U.S. sustainability strategy supports energy companies and those that promote renewable energy, including wind and solar, as well as emerging cleantech options, such as energy storage systems, hydrogen, and carbon capture. It also covers sectors like electric vehicles and energy efficiency.

As of June 2024, BBVA had amassed $279 billion in sustainability business toward its 2025 goal of $332 billion.

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