Skip to main content

Partnership Statement on Houston CCS Hub Announcement

Published Sep 16, 2021 by A.J. Mistretta

H_GHP_Downtown_Freeways_2_2019

Statement Attributable to Bob Harvey, President and CEO, Greater Houston Partnership

“The Houston region is committed to leading the global energy transition to a low-carbon future. We know a key component of this effort is expanding carbon capture and storage capabilities here in the U.S. and abroad. We applaud this coalition of Houston companies that have recognized our region as the ideal location for a global-scale CCS network that would serve as the model for developments elsewhere in the world.

Solving the dual challenge of meeting the demand for ever-increasing amounts of energy to support a growing, modernizing global population while also achieving net zero emissions by 2050 will require novel solutions and technologies. This coordinated, widescale deployment of CCS in Houston will be of the scale and magnitude to drive real results.”

Learn more about the project

Related News

Economic Development

Greentown Labs Launches Cross-Collaboration with Startups, Universities to Jumpstart Innovations

10/31/22
Greentown Labs continues to show its support for fostering energy innovation in Houston as the city aims to lead the world’s energy transition. The climatetech startup incubator has launched the Texas Entrepreneurship Exchange for Energy (TEX-E) to support students in developing next-generation innovations. The collaborative initiative includes MIT’s Martin Trust Center for Entrepreneurship, a research and teaching center that provides expertise, support and connections to MIT students, and five Texas universities, including Rice University, the University of Houston, Texas A&M University, Prairie View A&M University and the University of Texas. “Houston has long been known as the energy capital of the world, but to lead the world’s energy transition, the city must create a strong, vibrant innovation ecosystem to support the next generation of entrepreneurs and energy companies,” said Lara Cottingham, Chief of Staff at Greentown Labs, in a press release.  Students participating in the program will have access to mentorship with Greentown Labs’ entrepreneurs, networking events, career opportunities and cross-learning with MIT. The initiative will help continue to pave the way for Houston to solidify its role as the leader of the global energy transition. “The TEX-E collaboration will provide valuable opportunities to our students, and Houston is a natural location to create such an ecosystem,” said Ramanan Krishnamoorti, vice president for energy and innovation at the University of Houston, in a press release. “Training new talent and supporting their pursuit of innovative ideas are vital in addressing the growing global need for affordable, reliable, and environmentally sustainable energy.” Greentown Houston experienced a successful first year, attracting more than 60 startups, including several that relocated from outside the U.S., proof that Houston is where Energy 2.0 companies want to be. From 2017 to 2021, venture capital funding in Houston’s energy space totaled more than $327 million. More than 4,700 energy-related firms are located within the Houston metro. “Boston and Houston might seem like an odd pairing, but they complement one another beautifully,” said Ben Soltoff, Ecosystem Builder and Entrepreneur in Residence at the Martin Trust Center for MIT Entrepreneurship. Despite Boston’s strong climate innovation ecosystem, startups looking to scale up “look towards Texas, where they can find talent, space, and industry knowhow in spades. Together, these two regions are unstoppable,” Soltoff said. TEX-E is also in line with the Partnership’s Houston Energy Transition Initiative, which aims to position Houston to lead the global energy transition to a more efficient and sustainable, low-carbon future, by deploying key strategies, including jumpstarting emerging technologies. 
Read More
Energy

Energy Forum Aims to Inform Lawmakers on Key Topics Ahead of Texas Legislative Session

10/19/22
Ahead of the upcoming legislative session, the Greater Houston Partnership's Public Policy Division held the first in a series of legislative energy forums aimed at educating legislative and policy staffers on Houston's leadership in the energy transition and the need for lawmakers to act on central issues such as carbon capture. The forum included a presentation and an industry panel moderated by Scott Nyquist, Vice Chairman of Houston Energy Transition Initiative (HETI) for the Greater Houston Partnership. During his presentation, Nyquist discussed the vital role energy plays in funding our state budget, creating jobs and strengthening energy security. "Texas is a global energy leader, and the state needs the energy sector to remain a growth engine for the region by leveraging opportunities within the energy transition," Nyquist said. Through HETI, Houston's incumbent energy industry is nurturing the rapidly growing energy transition ecosystem and seeing measurable successes leading to investments, jobs and meaningful innovation.  The panel portion of the event featured critical conversations about who is driving the transition and why Texas companies like Baker Hughes are leading investors in innovative, emissions-reducing technologies. "There's the dual challenge of climate change and the need for reliable energy," Bruce Wilcoxon, Senior Public Policy Manager at Baker Hughes analogized, “it's like saying we're going on vacation, do we bring the kids or the luggage – you have to do both.” Nick McKenna, Vice President of Midland Basin at ConocoPhillips, provided context to the transition conversations happening today, "the energy industry has always been in a state of transition." He highlighted how Texas companies like ConocoPhillips are raising the bar to meet growing energy demand in cleaner and more efficient ways. Just as the Partnership serves as a strategic partner for the industry to lead on the energy transition, we need lawmakers and regulators to recognize their role in supporting the policies needed for Texas to remain a global energy leader. For more information on the legislative energy forum series, please contact Caroline Wylie at cwylie@houston.org  
Read More

Related Events