eyes on the ion

Microsoft announces lease in rising Houston innovation hub

Microsoft has announced it will be leasing space in The Ion. Courtesy of Rice University

Microsoft and Rice Management Company — the owner and management of The Ion, a rising innovation hub in Houston — announced that the tech company will be leasing space on the 288,000 square-foot building's fifth floor.

"Over the last several years, Microsoft has made it clear it is committed to Houston," says Mayor Sylvester Turner in a press release. "With the work Microsoft is already doing with the City and The Ion to support entrepreneurs, workforce development and energy transition, it is only fitting its new home should be in our City's hub for innovation. This news is an exciting next step in our partnership with Microsoft as we continue to grow Houston's innovation ecosystem and become a leader in the global energy transition."

Microsoft has an existing partnership with The Ion and is a founding sponsor of its Smart and Resilient Cities Accelerator. Earlier this year, the technology leader has also committed $1 million to skills programming.

"The Ion is fast becoming a hub for Houston's startup community and driving forward innovation in energy transition technologies," says Ravi Krishnaswamy, corporate vice president of Azure Global Industry at Microsoft, in the release. "My team and I are excited to get to work there, supporting Microsoft's vision of powering a sustainable future and accelerating energy transition with the expertise of partners, customers, and industry."

According to the press release, Microsoft will also be a programming partner for The Ion and will host advancement opportunities and events, including a monthly executive forum and virtual symposiums, and support future accelerators for advanced manufacturing, digital skilling, and smart and resilient city innovation.

"The Ion and Microsoft will provide the necessary tools and knowledge needed to become more resilient, strengthen our workforce and create new innovations to accelerate the energy transition," says Jan E. Odegard, interim executive director, in the release. "We were delighted this summer when we announced Microsoft's sponsorship of The Ion programming and are now even more ecstatic to welcome a division of Microsoft to its new home. My team and I look forward to showcasing our great programs that are enabled by corporate sponsors like Microsoft to the entrepreneurs, academics, corporations and community in Houston and around the world."

Microsoft's partnership with The Ion, which is set to open in just a few months, is due in part to the city's collaboration with Microsoft.

"Having Microsoft as a major tenant is a huge step forward in realizing the vision for The Ion as a dynamic hub bringing together key elements of innovation in Houston," Rice President David Leebron says in the release. "We are very grateful to Microsoft and Mayor Turner for advancing this vision."

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Building Houston

 
 

Business and government leaders in the Houston area hope the region can become a hub for CCS activity. Photo via Getty Images

Three big businesses — Air Liquide, BASF, and Shell — have added their firepower to the effort to promote large-scale carbon capture and storage for the Houston area’s industrial ecosystem.

These companies join 11 others that in 2021 threw their support behind the initiative. Participants are evaluating how to use safe carbon capture and storage (CCS) technology at Houston-area facilities that provide energy, power generation, and advanced manufacturing for plastics, motor fuels, and packaging.

Other companies backing the CCS project are Calpine, Chevron, Dow, ExxonMobil, INEOS, Linde, LyondellBasell, Marathon Petroleum, NRG Energy, Phillips 66, and Valero.

Business and government leaders in the Houston area hope the region can become a hub for CCS activity.

“Large-scale carbon capture and storage in the Houston region will be a cornerstone for the world’s energy transition, and these companies’ efforts are crucial toward advancing CCS development to achieve broad scale commercial impact,” Charles McConnell, director of University of Houston’s Center for Carbon Management in Energy, says in a news release.

McConnell and others say CCS could help Houston and the rest of the U.S. net-zero goals while generating new jobs and protecting current jobs.

CCS involves capturing carbon dioxide from industrial activities that would otherwise be released into the atmosphere and then injecting it into deep underground geologic formations for secure and permanent storage. Carbon dioxide from industrial users in the Houston area could be stored in nearby onshore and offshore storage sites.

An analysis of U.S Department of Energy estimates shows the storage capacity along the Gulf Coast is large enough to store about 500 billion metric tons of carbon dioxide, which is equivalent to more than 130 years’ worth of industrial and power generation emissions in the United States, based on 2018 data.

“Carbon capture and storage is not a single technology, but rather a series of technologies and scientific breakthroughs that work in concert to achieve a profound outcome, one that will play a significant role in the future of energy and our planet,” says Gretchen Watkins, U.S. president of Shell. “In that spirit, it’s fitting this consortium combines CCS blueprints and ambitions to crystalize Houston’s reputation as the energy capital of the world while contributing to local and U.S. plans to help achieve net-zero emissions.”

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