Rice University and Greentown Labs are partnering to boost Houston’s climate tech innovation. A $4 million investment will expand Greentown Labs’ Houston operations, supporting entrepreneurs and accelerating the energy transition. This collaboration aligns with Rice’s strategic plan for sustainable solutions and features a new board of directors to guide the initiative.
ETCH, a groundbreaking company developing clean hydrogen and solid carbon from natural gas, has appointed Katie Ellet, a seasoned energy leader, as its new CEO. Ellet, with her extensive experience in the chemicals and energy sectors, will spearhead ETCH’s commercialization efforts, focusing on expanding into new markets, forging strategic partnerships, and accelerating the deployment of its innovative technology. Her leadership will be instrumental in positioning ETCH at the forefront of the clean energy transition.
ITC Holdings Corp., the largest independent electricity transmission company in the United States, has appointed two new members to its board of directors: Geoffrey Chatas and Brian Walker. Chatas brings extensive experience in finance and leadership from the University of Michigan, while Walker boasts a successful career in business leadership, most notably at Herman Miller, Inc. The additions aim to bolster ITC’s efforts in delivering essential investments for the energy transition and grid strengthening.
Eni S.p.A. has announced the sale of its Alaskan oil and gas assets to Hilcorp for $1 billion. This move accelerates the company’s strategy of streamlining its upstream portfolio and focuses on high-growth, low-carbon energy solutions. The sale also allows Eni to exceed its financial goals ahead of schedule, generating $8 billion in net portfolio inflows by 2025.
The 40th edition of ADIPEC, the world’s largest energy event, opened in Abu Dhabi with a powerful call to action. Dr. Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, urged the energy industry to lead the world toward sustainable socioeconomic growth. The event featured ministerial panels, CEO discussions, and a dedicated AI Zone, all focused on accelerating the energy transition and tackling climate change challenges.
Despite global efforts to transition to renewable energy sources, coal continues to play a significant role in meeting electricity demand. This article explores the reasons behind coal’s persistence, the challenges of a rapid phaseout, and emerging solutions like two-shift operations that could pave the way for a smoother transition.
The Clean Energy Education & Empowerment (C3E) Initiative has recognized nine exceptional women for their transformative contributions to the clean energy sector. These leaders are making waves in areas like business, education, entrepreneurship, finance, research, government, international development, policy, and advocacy, driving the transition to a sustainable energy future. The awards highlight the crucial role women play in shaping a cleaner, more equitable energy landscape.
Terna, the Italian transmission system operator, hosted the Innovation Zone Forum in San Francisco, bringing together leading industry players, startups, and investors to discuss and drive technological solutions for a sustainable and digitalized energy future. This event, Terna’s first initiative in its Silicon Valley Innovation Zone, highlights the company’s commitment to open innovation and collaboration in building a more resilient and accessible electric grid.
A new report by Wood Mackenzie highlights the hefty financial burden of achieving net-zero emissions by 2050. The energy transition could cost a staggering $3.5 trillion annually, driven by rising energy demand, the need for massive renewable energy infrastructure, and the increasing demand for critical minerals. The report outlines four pathways for achieving a low-carbon future, with the most ambitious scenario requiring a significant acceleration in renewable energy adoption and government policies to incentivize low-carbon technologies.
GERI, a Canadian energy transition tech company, has unveiled its groundbreaking Direct Contact Steam Generation (DCSG) technology that promises to significantly enhance heavy oil recovery while dramatically reducing CO2 emissions. This innovative process combines steam and non-condensable gas injection into oil reservoirs, resulting in increased oil production and significantly lowered carbon intensity.
