seeing green

Greater Houston Partnership names former BP exec to lead energy transition

The former BP executive will lead Houston's role in the energy transition as the executive director of the Houston Energy Transition Initiative, a brand new position at the Greater Houston Partnership. Photo courtesy of GHP

Jane Stricker, a longtime Houston-based executive at oil and gas giant BP, has been tapped to lead the Greater Houston Partnership's new initiative designed to boost the Bayou City's profile in the shift toward low-carbon energy.

The partnership announced Stricker's hiring November 11. She'll join the organization effective January 1 as executive director of the Houston Energy Transition Initiative (HETI) and senior vice president of energy transition.

The Greater Houston Partnership unveiled HETI in June. As the partnership explained then, HETI "aims to drive sustainable and equitable economic growth in the Greater Houston region through a portfolio of technology, policy, and market initiatives that scale and export solutions for realizing a low-carbon energy world."

A report from the University of Houston's Gutierrez Energy Management Institute, UH Energy, and the Center for Houston's Future suggests the region is poised to become the "low-carbon energy capital."

In a business-as-usual scenario, Houston's energy-based economy stands to lose anywhere from 270,000 to 650,000 jobs if it fails to act in response to the low-carbon transition, according to a partnership report published in June. But if Houston takes "decisive action" to lead the energy transition, the region could gain as many as 560,000 jobs.

Among other things, HETI says it will:

  • Jumpstart carbon-reduction efforts, such as carbon capture, hydrogen production, and battery technology.
  • Attract companies operating in spaces like wind energy, solar power, and biofuels.
  • Bolster companies involved in projects like development of electric vehicles, decarbonization of oil and natural gas, and production of geothermal energy.

It now will be Stricker's responsibility to oversee the multifaceted initiative, bringing together industry, academic, and community partners to advance the Houston area's role in global energy transition.

"Jane is a thought leader in the energy industry who brings an extensive knowledge of the global energy ecosystem and the pathways to a low-carbon future," Bob Harvey, president and CEO of the partnership, says in a news release. "She understands the importance of collaboration across the ecosystem to get results, and I am confident the work she will facilitate will position Houston as the global hub of the energy transition, driving our region's long-term economic success."

Stricker has spent more than 20 years at BP, most recently as a senior relationship manager working with an array of organizations on issues such as carbon capture and energy decarbonization. While at BP, she spearheaded the National Petroleum Council's 2019 study on carbon capture, use, and sequestration.

"This is an exciting time for Houston and our energy ecosystem as we focus our efforts on leading the global energy transition," Stricker says. "The challenge of our lifetime is addressing this dual challenge of meeting increased global energy demand while confronting global climate change. Houston is known for solving problems that matter. I believe through innovation, collaboration, and focus, our region can lead the way and deliver solutions that change the world."

Aside from her previous role at BP, Stricker is a contributing faculty member for the University of Houston's Sustainable Energy Development Program, an advisory board member of the Energy Industries Council Connect Energy USA, and a graduate of the Center for Houston's 2020 Future Leadership Forum.

Stricker takes the helm of the energy initiative at a critical time.

The International Energy Agency predicts energy-related carbon emissions will soar by more than 1.65 billion tons this year, or nearly 5 percent, driven in large part by coal-fueled generation of electricity. That would be the second largest rise in annual carbon missions in history.

In a report released earlier this year, the International Monetary Fund noted that additional public investments in infrastructure to support the move to net-zero emissions will need to equal roughly 2 percent of gross domestic product (GDP) over the next decade. That would easily amount to billions of dollars in global spending.

Taken together — the jump in carbon emissions and the need for more spending to combat them — the Global Commission on the Economy and Climate conservatively estimated in 2018 that the low-carbon economy could deliver at least $26 trillion in economic benefits through 2030. Lux Research forecasts the global market solely for carbon capture and recycling could reach $70 billion by 2030.

Looking farther down the road, the United Nations Development Programme says a heightened commitment to green energy — propelled largely by low-carbon strategies — could boost global GDP by $98 trillion by 2050.

"The investments needed for low-carbon infrastructure are substantial but manageable, and economic recovery in the wake of the COVID-19 crisis presents an opportunity to speed up the low-carbon transition," the Global Commission on the Economy and Climate observes.

Trending News

Building Houston

 
 

Fluence Analytics has exited to a multinational Japanese engineering and software giant. Image via FluenceAnalytics.com

A Houston company that provides analytics solutions within the chemicals industry has exited to a Japanese company.

Yokogawa acquired Fluence Analytics Inc. in a deal announced today. The terms of the deal were not disclosed and, effective immediately, the company operate as Yokogawa Fluence Analytics. Jay Manouchehri, who joined the company in 2022, will continue to serve as CEO of the entity.

“Combining forces with Yokogawa Electric enables us to capture the full value of our unique data sets, and we can't wait to deliver this added value to our customers," Manouchehri says in a news release. "Together, we will enable autonomous operations and digital transformation in the polymer and biopharma industries."

Founded in 2012 in New Orleans, Fluence Analytics moved to Houston in 2021 following a $7.5 million venture capital raise led by Yokogawa Electric Corp., which has its North American headquarters in Sugar Land.

The company's technology — automatic continuous online monitoring of polymerizations (ACOMP) product — provides real-time analytics solutions to polymer and biopharmaceutical companies worldwide. According to the company, its ACOMP product is the only commercially available system that can measure and analyze multiple polymer properties in real time, which leads to an improved system and less energy consumption and waste.

“Polymers are used in nearly every aspect of modern society in the form of plastics, rubber, paint, and so on," says Kenji Hasegawa, a Yokogawa Electric vice president and head of the Yokogawa Products Headquarters, in the release. "Combining Fluence Analytics' ACOMP system and other technology with our industry know-how will enable us to work with our customers to digitalize and automate polymerization processes that are currently monitored and adjusted manually.

"This will assist customers to improve worker safety, profitability, and environmental performance. We also plan to apply this technology to polymer re-use. We believe this is truly a game-changer for the industry,” he continues.

Fluence Analytics offices in Stafford, just southwest of Houston and has a team of 25 employees. Last fall, Fluence Analytics won in the Hardtech Category of the Houston Innovation Awards.

Trending News