ADVERTISEABOUT USSUBMIT A STORYSUBSCRIBETERMS OF USEPRIVACY POLICY
Visit our family of Brands

TAKE NOTE

Meet the top energy startups in Houston, events not to miss, and more to know in Houston news this week

Natalie Harms
Oct 30, 2023, 8:13 am
Here are three things to know in Houston energy transition news this week. Photo via Getty Images

Editor's note: It's a new week — start it strong with three quick things to know in Houston's energy transition ecosystem: events not to miss, a podcast to stream, and more.

Put it on your calendar

This week's must-attend energy transition events:

  • October 30-31 — Fuze is a must-attend event for executives, investors, and founders serious about solving the energy crisis and boosting company efficiency. Learn more.
  • November 1 — The Greentown Labs Climatetech Summit 2023 will feature energy transition startups, thought leaders, and more both in person and online. Learn more.
  • November 8 — The Houston Innovation Awards will honor the city's startups, entrepreneurs, and ecosystem, including energy tech innovators. Learn more.

Pretty big deals

The 2023 Houston Innovation Awards announced its 52 finalists — a large portion of which are promising energy transition startups.

The awards program — hosted by EnergyCapital's sister site, InnovationMap, and Houston Exponential — will name its winners on November 8 at the Houston Innovation Awards. The program was established to honor the best and brightest companies and individuals from the city's innovation community.

Eighteen startups, which all have an energy transition element to their business, received a finalist position in one or two categories. Click here to reveal this year's finalists.

Stream it: Podcast to listen to

In the rapidly evolving world of energy technology, few innovations hold as much promise as the solutions being developed by Earthen.

We recently had the opportunity to sit down with Manas Pathak, the CEO and co-founder of Earthen, to delve into the company's groundbreaking thermo-mechanical energy storage system. In this Q&A, we explore the core of Earthen's technology, its potential impact on the energy sector, and what the future holds.

Manas Pathak's insights offer a glimpse into the future of energy storage and the innovations that companies like Earthen are bringing to the table. As the energy sector continues to evolve, solutions like these will play a pivotal role in shaping a sustainable future. Click here to read the Q&A.

eventsthings to know

Trending News

Trending Topics

Houston grid's $2.9 billion upgrade tops energy news to know

where to be

UH launches new series on AI’s impact on the energy sector

Guets Column

Houston energy expert: How the U.S. can turn carbon into growth

A View From HETI

The View From HETI

What EPA’s carbon capture and storage permitting announcement means for Texas

The View From HETI

Key takeaways from HETI's Resilient Power Fueling Houston's Economy event

The View From HETI

Texas gets one step closer to CCUS permitting authority

M&A activity

Investors close partial acquisition of Phillips 66 subsidiary with growing EV network

Two investment firms have scooped up the majority stake in JET, a subsidiary of Phillips 66 with a rapidly growing EV charging network. Photo via Jet.de Facebook.

Energy Equation Partners, a London-based investment firm focused on clean energy companies, and New York-based Stonepeak have completed the acquisition of a 65 percent interest in JET Tankstellen Deutschland GmbH, a subsidiary of Houston oil and gas giant Phillips 66.

JET is one of the largest and most popular fuel retailers in Germany and Austria with a rapidly growing EV charging network, according to a news release. It also operates approximately 970 service stations, convenience stores and car washes.

“We are delighted to complete this acquisition and to partner with Stonepeak and Phillips 66 to take JET to the next level,” Javed Ahmed, managing partner of Energy Equation Partners, said in a news release. “This investment reflects EEP’s commitment to investing in established players in the energy sector who have the potential to make a meaningful impact on the energy transition, and we are excited to work alongside the entire JET team, including its dedicated service station operators, to realize this vision.”

The deal values JET at approximately $2.8 billion. Phillips 66 will retain a 35 percent non-operated interest in JET and received about $1.6 billion in pre-tax proceeds.

“Under Phillips 66’s ownership, JET has grown into one of the largest fuel retailers in Germany and Austria," Anthony Borreca, senior managing director and co-head of energy at Stonepeak, added in a news release. "We are excited to join forces with them, as well as Javed and the EEP team, who have long-standing experience investing in and operating retail fuel distribution and logistics globally, to support the next phase of JET’s growth.”

From Your Site Articles
energy equation partnersstonepeakjet tankstellen deutschland gmbhjet ev chargingfuel retailergermany fuel retaileraustria fuel retailerjaved ahmedmergers and acquisitionsmajority stakephillips 66

Trending News

Trending Topics

Houston grid's $2.9 billion upgrade tops energy news to know

where to be

UH launches new series on AI’s impact on the energy sector

Guets Column

Houston energy expert: How the U.S. can turn carbon into growth