Texas Firms & Energy: Betting on Hydrogen as Clean Energy

Texas Firms & Energy: Betting on Hydrogen as Clean Energy

Energy firms and business organizations are promoting clean hydrogen as crucial for Texas to maintain its status as the global energy hub. However, the road ahead is unclear, and the outcome is uncertain. Hydrogen, the most abundant element in the universe, plays a significant role in hydrocarbons, which power oil and natural gas. It has…

Austin Energy’s Power Plant Proposal Opposed by Oversight Board

Austin Energy’s Power Plant Proposal Opposed by Oversight Board

Austin Energy’s proposal to construct a new power plant faced rejection this week from a crucial working group of the city’s Electric Utility Commission. The group cautioned that the project was excessively costly and did not align with the city’s climate objectives. This criticism, although anticipated, further exacerbates the divide between the city-run utility and…

Sunoco’s $7.3B Acquisition of NuStar Energy: Key Points

Sunoco’s $7.3B Acquisition of NuStar Energy: Key Points

Sunoco LP, based in Dallas, is set to acquire NuStar Energy LP, an oil pipeline and terminal operator, in a substantial $7.3 billion deal. The acquisition aims to diversify Sunoco’s business and secure a crucial segment of its supply chain. By incorporating NuStar’s existing pipelines and terminals for fuel-related products, including oil and ammonia in…

Sunoco to Buy NuStar in $7.3B Deal

Sunoco to Buy NuStar in $7.3B Deal

In a significant move, Sunoco LP and NuStar Energy L.P. have jointly declared a definitive agreement, outlining Sunoco’s acquisition of NuStar in a transformative all-equity transaction valued at an impressive $7.3 billion. Under the terms of the deal, NuStar common unitholders are set to receive 0.400 Sunoco common units for each NuStar common unit, implying…

Fort Worth Firm Aims to Lead Hydrogen Energy Production

Fort Worth Firm Aims to Lead Hydrogen Energy Production

Fort Worth-based company Harnyss is set to revolutionize the hydrogen energy production and storage market with its proprietary technology. Using a patented process, Harnyss offers low-pressure hydrogen storage solutions using non-rare earth minerals, providing a safer alternative to lithium-ion batteries. The technology enables the creation of a hydrogen power system that captures atmospheric water, producing…

Federal Grant to Bring Public EV Chargers to Dallas-Fort Worth

Federal Grant to Bring Public EV Chargers to Dallas-Fort Worth

North Texas is set to benefit from a significant boost in electric vehicle (EV) infrastructure with the allocation of $85 million in federal energy funding. The North Central Texas Council of Governments is slated to receive $15 million to install 100 new public EV charging stations, along with an additional $70 million earmarked for the…

CPS Energy Secures 150MW Solar Power in GCI Agreement

CPS Energy Secures 150MW Solar Power in GCI Agreement

CPS Energy has successfully finalized an agreement to acquire 150 megawatts of solar power through a new collaboration with a Dallas-based energy company, as confirmed by the city-owned utility on Monday. Genesis Consolidated Industries Holdings Inc. is set to construct the solar farm in Caldwell County, making a significant contribution to CPS Energy’s ambitious goal…

Austin Faces Hurdles in Closing Coal Power Plant for Green Goals

Austin Faces Hurdles in Closing Coal Power Plant for Green Goals

In 2020, the city greenlit a strategy to close the Fayette Power Project plant, intending to eradicate carbon emissions. However, various political, economic, and technological challenges have arisen since then. Two Pivotal Dates Define the Struggles of Fayette Power Project’s Future: In recent years, two significant dates have come to define the uncertain path of…

Exxon’s Divestment: XTO’s Freestone Trend Assets in East Texas Set for Sale

Exxon’s Divestment: XTO’s Freestone Trend Assets in East Texas Set for Sale

Exxon Mobil’s subsidiary, XTO Energy, has recently entered into an agreement to divest its oil and gas assets situated in the Freestone Trend area of East Texas. The buyer is Houston-based oil company Hilcorp Energy, as confirmed in filings made with the Texas Workforce Commission. The Freestone Trend area encompasses six Texas counties: Freestone, Limestone,…

CenterPoint Energy: Powering Texas Business Growth

CenterPoint Energy: Powering Texas Business Growth

How the company isn’t just a utility company for consumer servitude Texas, known for its vast landscapes and thriving industries, is a state where energy holds a paramount role. Among the key players in the Texan energy landscape, CenterPoint Energy stands as a prominent figure. This Houston-based utility company has been instrumental in powering Texas…

DOE Unveils $400 Million Initiative to Enhance Building Energy Codes

DOE Unveils $400 Million Initiative to Enhance Building Energy Codes

On September 19, 2023, the U.S. Department of Energy issued program guidance and initiated the application process for $400 million in funding dedicated to promoting the adoption of enhanced building energy codes In the fight against climate change, elevating energy efficiency and reducing carbon emissions in existing buildings has taken center stage in federal initiatives….

Federal Funding Awarded to CPS Energy for Enhanced Resiliency and Reliability

Federal Funding Awarded to CPS Energy for Enhanced Resiliency and Reliability

CPS Energy has been chosen by the U.S. Department of Energy (DOE) to receive an allocation of approximately $30.2 million. These funds will further bolster CPS Energy’s ongoing efforts to fortify grid reliability and resilience. This financial support from the DOE will be directed toward advancing CPS Energy’s Community Energy Resiliency Program, which is primarily…

TotalEnergies Energizes 380MW Solar-Plus-Storage Venture in Texas

TotalEnergies Energizes 380MW Solar-Plus-Storage Venture in Texas

French energy company TotalEnergies has initiated commercial operations for its 380MWp solar-plus-storage venture, named Myrtle Solar, situated in Texas, United States. This project, located to the south of Houston, is accompanied by a 225MWh energy storage system supplied by TotalEnergies’ affiliate, Saft, and features a colossal array of 705,000 solar panels. The majority of the…

Baker Hughes Moves to New HQ in Houston’s Energy Corridor, Embracing Hybrid Work

Baker Hughes Moves to New HQ in Houston’s Energy Corridor, Embracing Hybrid Work

Baker Hughes Transitions to Modern Hybrid Work Headquarters in Houston’s Energy Corridor Baker Hughes, a prominent energy company, recently made a significant move by relocating hundreds of its Houston-area employees to a newly refurbished corporate headquarters in the heart of the Energy Corridor. This move marks the latest addition to the growing trend of companies…

How Exxon’s New Spring Headquarters Showcases the Industry’s Resilience

How Exxon’s New Spring Headquarters Showcases the Industry’s Resilience

Exxon Mobil Corporation announced on Wednesday, during an event held at its headquarters in northern Houston, that the demand for its refineries will persist even as gasoline demand diminishes. The company unveiled detailed plans to produce new products at its refineries in response to the decreasing value of petroleum-based transportation fuels and the increasing need…

Inside the $200 Million Financing of a Solar Farm North of Houston

Inside the $200 Million Financing of a Solar Farm North of Houston

Recurrent Energy, the U.S. branch of Canadian Solar, a solar developer, announced on Tuesday that it has secured financing for its solar farm currently under construction in Liberty County, located 50 miles northeast of Houston. Recurrent will receive $120 million in construction debt, a letter of credit facility, and a term loan for the project…

Fueling the Future: Port Arthur LNG’s Ambitious Expansion Plans

Fueling the Future: Port Arthur LNG’s Ambitious Expansion Plans

Following clearance from the Federal Energy Regulatory Commission, Sempra has the option to increase the size of its liquefied natural gas project in Port Arthur, valued at $13 billion. The proposed Phase II expansion project would entail the addition of two production units, thereby doubling the number of units and increasing the project’s capacity to…

FERC’s Warning on Winterizing Power and Gas Systems After Storm Elliott

FERC’s Warning on Winterizing Power and Gas Systems After Storm Elliott

A report issued by the Federal Energy Regulatory Commission (FERC) has emphasized the urgent need for Congress and state legislatures to implement stricter regulations for natural gas pipelines and power plants in order to enhance their resilience against extreme cold weather conditions. The report, which examined the causes of the Winter Storm Elliott that occurred…

How Texas Leads the Way in Wind Energy

How Texas Leads the Way in Wind Energy

Renewable energy has become a significant contributor to America’s energy mix, with wind and solar leading the way as the fastest-growing sources of green power. According to the American Clean Power Association, over 27,000 megawatts of new wind, solar, and energy storage were installed in the United States in 2021, accounting for approximately 20% of…