3 clean energy innovators make Forbes list of top young energy professionals

under 30

Three young professionals have made the cut for this year's Forbes Under 30 list in the Energy and Green Tech list for 2025. Photos via Forbes

A handful of Houstonians have been named to the Forbes 30 Under 30 Energy and Green Tech list for 2025.

Kip Daujotas is an investment associate at Aramco Ventures, a $7.5 billion venture capital arm of the world's largest energy company. Houston is the Americas headquarters for Saudi Aramco. Since its inception in 2012, Aramco Ventures has invested in more than 100 tech startups. Daujotas joined the team over two years ago after studying for an MBA at Yale University. He led Aramco’s first direct air capture (DAC) investment — in Los Alamos, New Mexico-based Spiritus.

Also representing the corporate side of the industry, Wenting Gao immigrated from Beijing to obtain an economics degree from Harvard University, then got a job at consulting giant McKinsey, where she recently became the firm’s youngest partner. Gao works on bringing sustainability strategies to energy and materials companies as well as investors. Her areas of expertise include battery materials, waste, biofuels, and low-carbon products.

Last but not least, Houston entrepreneur Rawand Rasheed is co-founder and CEO of Houston-based Helix Earth. He co-founded the startup after earning a doctoral degree from Rice University and co-inventing Helix’s core technology while at NASA, first as a graduate research fellow and then as an engineer. The core technology, a space capsule air filtration system, has been applied to retrofitting HVAC systems for commercial buildings.

Each year, Forbes 30 Under 30 recognizes 600 honorees in 20 categories. The 2025 honorees were selected from more than 10,000 nominees by Forbes staff and a panel of independent judges based on factors such as funding, revenue, social impact, scale, inventiveness, and potential.

Specifically, the Energy & Green Tech category recognizes young entrepreneurs driving innovation that’s aimed at creating a cleaner, greener future.

“Gen Z is one of the fastest-growing groups of entrepreneurs and creators, who are reshaping the way the world conducts business, and our Under 30 class of 2025 proves that you can never begin your career journey too early,” says Alexandra York, editor of Forbes Under 30. “With the expansion across AI, technology, social media, and other industries, the honorees on this year’s list are pushing the boundaries and building their brands beyond traditional scopes.”

------

This article originally ran on EnergyCapital.

From Your Site Articles
Houston adds yet another feather to its cap and has been recognized as the best place to be after graduating college. Photo via Getty Images

Houston ranks as top spot for young professionals based on standard of living

moving to Houston

Recruiting talent in the Houston area? Might want to share this tidbit of information.

A new study by two California researchers names Houston as the No. 1 place among the country’s 50 largest spots for college graduates to enjoy the highest standard of living. Why? Because, the study says, “local income is relatively high, cost of living is moderate, and there are no state taxes.”

Among places of all sizes, the study ranks Houston second in terms of the standard of living for college graduates. McAllen nabs the No. 1 spot, followed by Houston; Huntington, West Virginia; Beaumont; and Charleston, South Carolina.

In December, job website Indeed named Houston one of the 10 best cities in 2022 for recent college graduates. The 10 cities offer “many outstanding entry-level positions in a range of industries,” Indeed says.

More good news for Houston: The study ranks puts it at No. 2 (behind Buffalo, New York) among the 50 largest places in the U.S. for providing the highest standard of living for high school graduates.

According to the study, the five places with the highest standard of living for those with a high school diploma are Gallup, New Mexico; Summersville, West Virginia; Natchez, Mississippi; Graham, a town in North Texas; and Marquette, Michigan.

The study characterizes Houston and other regions as “commuter zones.” Each zone encompasses urban, suburban, and rural areas that feed into a single labor market.

As NPR explains, the researchers — Stanford University economist Rebecca Diamond and University of California, Berkeley economist Enrico Moretti — spent four years assembling and crunching data about the finances of 3 million U.S. households to come up with their findings.

“With their treasure trove of data, Diamond and Moretti constructed a cost-of-living index that paints a vivid picture of prices and typical consumption patterns throughout the United States,” NPR says.

That index puts Houston in a good light when it comes to the standard of living for both high school and college graduates.

“When we look at the factors that go into where a person chooses to live and work, overall standard of living and quality of life are critical components,” says Susan Davenport, chief economic development officer at the Greater Houston Partnership. “Houston today offers abundant parks and green spaces with millions of dollars in new investments, a world-class arts and culinary scene that continues to grow in global awareness, and the lowest cost of living among major cities.”

These combined attributes create a quality of life that enables Houston employers to attract and retain a highly skilled workforce, Davenport says. This, in turn, helps Houston woo employers seeking access to that workforce.

“It’s a robust and thriving ecosystem,” she says, “and it continues to work to our advantage.”

Houston entrepreneur, Allie Danziger, wanted to create a program for young professionals looking to gain experience in unprecedented times. Photo courtesy of Ampersand

New Houston career training program is helping young professionals and businesses amid pandemic

a new option

Last March, school districts abruptly closed as the threat of the coronavirus grew. In-person classes were cancelled, graduation ceremonies were held virtually, and the future career plans of new graduates were suspended in uncertainty. Through the incertitude, a Houston-based company formed to offer a path forward for young professionals impacted by a newly changed world.

In the early weeks of the pandemic, Allie Danziger sat down with her husband and tried to imagine what she would tell her children to do if they were graduating college. The University of Texas graduate relished her college experience before founding Integrate, an award-winning marketing firm in Houston.

"I wouldn't want them to go to virtual college and not have the same type of experience we were all fortunate to have," she explains.

Simultaneously, Danziger's email began to overflow with young people looking for advice on how to move forward or questioning a gap year. "I've always loved coaching and mentoring young professionals right out of college," she says.

In her 11 years at Integrate, she had mentored more than 100 interns and first-year employees. After researching gap year programs, Danziger launched a new career training program, Ampersand.

Danziger and her co-founder Scott Greenberg created Ampersand with a mission to democratize access to career-building opportunities by providing mentorship and three one-month internships to young professionals. (Disclaimer: InnovationMap is a part of the Spring 2021 Ampersand program.) The curriculum includes personality assessments, career mapping, one-on-one training, and basic career skills to know as an entry-level employee.

The flexible program includes five hours of curriculum-focused learning and 15 hours of interning, allowing participants with outside engagements and college classes to also participate.

"When I speak to universities all over the country, I always tell them that while I valued my college undergraduate experience, I got so much more out of my internships," she says.

The beta launched in August with a group of ten professionals and ten businesses. Each month, the participants rotate to a position at a different business, allowing them to be exposed to new industries and departments. The program is a flexible 20-hour commitment — five hours of curriculum-based learning and 15 hours of interning — done remotely. While Danziger created the program to serve as a way to be productive during a "gap year" or "gap semester," Ampersand can be balanced with outside activities or college classes.

During Brené Brown's 2020 commencement speech for the University of Texas graduation, she predicted that interviewers would soon tell them, "I see you're a 2020 graduate. That was tough. How did you handle it?"

The quote struck Danziger and "was probably the overall inspiration for this business," she reflects. She feels Ampersand is "a way to put that anxiety into a productive place and actually use the downtime, or use the time that you're considering your options, really mindfully."

"I really believe that it scales way beyond this pandemic," says Danziger. In her research, she saw a lack of career-focused gap curriculums and resources available. "There are no programs that help you determine what the right path for you is—to really do that self-exploration and then apply it to your career path," she explains.

Textbooks and classroom learning are important, but to Danziger, "real-world experience is invaluable." In her research and through first-hand experience, she notes there are "big issues with the higher education industry as a whole not really preparing their students for careers."

At Integrate, Danziger noticed newly-hired graduates would sometimes struggle with "basic things to know for day one," like how to ask for time-off or schedule a calendar invitation. "It ends up frustrating managers while also frustrating the entry-level employees because they're not able to succeed at the pace that they expected to," she says. "These students are graduating with tons of student debt, great skills focused in the major that they chose, but very few of the soft skills that they need in order to be successful professionally," she continues.

Student loan debt in the United States reached $1.7 trillion last year with more than 44 million borrowers; the crisis has exceeded the nation's credit card debt by more than $900 billion. A 2015 study from the University of South Carolina linked student loan debt to poor psychological functioning and stress.

According to the National Center for Education Statistics, one in 10 students have changed their major more than once—a figure that can be correlated to the increasing student loan crisis.

"People are taking fifth and sixth years because they had to change their major, or they move careers after a year of their first job, which then costs them and the company significant dollars in lost wages," says Danziger.

Danziger feels Ampersand also answers the prominent issue of diversity in the workplace.

"If businesses get a more diverse workforce at that very entry-level space, who are prepared and ready to take on the jobs just like anyone else, these interns will grow through the ranks and have significantly more opportunities in management and in the boardrooms," she says.

Young professionals aren't the only beneficiaries of Ampersand. Businesses, too, have reaped the perks of interns hungry for new experiences and a resume boost. From competitive analyses to marketing plans, interns are contributing tasks companies "didn't have time to make it a priority, especially amid the pandemic," says Danziger.

Through weekly one-on-one virtual sessions, the Ampersand team works with the professionals to go over their to-do lists and act as their project managers.

"We do all the mentorship and coaching, so that the business just has to receive the end product," she explains.

"This definitely beats the option of a career day and sets them up to make more informed career choices," Liz Cordell, co-founder and COO at Mak Studio. Cordell, who participated in the first cohort, assigned interns to social media marketing projects her company didn't have the capacity to work on. Knowing the Gen Z and millennial-aged professionals excel social media, she has enjoyed working with interns who've "become a part of the team," despite a remote work environment.

"The training the interns receive with Ampersand prior to joining your team gives them access to fundamental skills, concepts, and tools used in business today. This levels up your interns to be able to meaningfully contribute to your company from day one," says Cordell. As a business owner, she feels the program provides "a unique opportunity to have an intern with professional support."

One Louisiana State University student used Ampersand to discover his creative strengths and land a job offer from one of his internships. At the beginning of the program, he confided in Danziger that he "wasn't feeling motivated to pursue this career accounting," and didn't find enjoyment in his classes.

The student's Ampersand personality assessment identified his inclination to creativity; he participated in a series of internships that included an architecture firm, furniture company, and a finance startup. "He's able to really see how he can keep his accounting degree and apply it to these other career paths. It's just amazing to see how he's blossomed from this," says Danziger.

While the nation prepares for a shift in power, the incoming president has outlined support for workforce training programs that aligns with Ampersand's mission. President-elect Joe Biden plans to make a $50 billion investment into workforce training programs when he takes office. The proposal announces that money will fund partnerships between community colleges, businesses, unions, state, local, and tribal governments, universities, and high schools to identify in-demand skills in and modernize training programs.

Ampersand kicked off its second cohort with 30 professionals and 30 participating businesses from around the country on Jan. 5, and is currently accepting applications for its summer program. She anticipates the growing startup will begin raising a seed round during the first quarter. While Danziger emanates with excitement about the launch and balances her role as President of Integrate, she has big plans for the future of Ampersand.

Danziger dreams of scaling Ampersand to serve as many young professionals and businesses who are interested in participating.

"With that, I really want to be able to bring this to the low-income community so we can fulfill the mission of democratizing access to internships and professional development to everyone," she says.


Ampersand // Professional Development & Internship Programwww.youtube.com

Young professionals can dive into fun travel with this Houston-based company. Photo courtesy of Here and Now Travel

New travel startup plans the perfect vacations for Houston's busy young professionals

GET THERE NOW

Work-life balance for a young professional is hard. There's the dream of travel but the nightmare of planning. Then there's the challenge of working with limited vacation days and finding a friend whose schedule lines up.

To the rescue comes Houston-based Here & Now Travel, which aims to create a vacation free of stress and full of memorable experiences and offers adventurous group travel specifically for young professionals.

When discussing the inspiration for starting their company, cofounder Alex Coleman tells CultureMap that he and his wife and fellow cofounder, Elise, were caught between the benefits and drawbacks of individual versus group travel.

They loved the freedom of solo traveling but not the potential feelings of isolation and vulnerability. When it came to traveling with friends, they enjoyed the bonding and security in a group but not all the work involved with navigating everyone's schedules and preferences during planning.

"We decided to create a travel company that combined the best of both worlds," Coleman says. "A company that gave people the flexibility of going to their desired destinations at their desired time, without losing the experience of traveling with a group of awesome people."

As young professionals themselves, the Colemans also wanted their company to consider the typically low number of vacation days their target clients have. That's why Here & Now trips take advantage of weekends and holidays so participants only have to take a maximum of three days off from work.

Here & Now Travel currently has six trips planned for 2020: two to Costa Rica, two to Colombia, and two to Mexico. On these trips, the itineraries lean towards adventure activities and cultural experiences.

For example, their next trip scheduled for January 9 to January 13 to Costa Rica includes exploring Juan Castro Blanco National Park, zip lining through the rainforest, learning how to make tortillas with a local family, and more.

"We shy away from crowded tourist attractions. We pride ourselves on showing travelers hidden gems of our destinations, be it the hidden Mayan cenote in Tulum where we have to be blessed by the community's Mayan Shaman before entering, or one of the region's largest waterfall in Costa Rica which sits on the land of a small farming family," says Coleman. "Through these tucked away, amazing places, we get to see things others typically don't, and have true interaction with the communities we are visiting.

Each Here & Now package includes private transportation to and from the airport and for the duration of the trip, shared three or four-star accommodation, all breakfasts and lunches, and all entrance fees and itinerary activity costs. Flights, dinners, and the required travel insurance are not included.

If you decide to join one of their trips, you can expect to be in a group of between six and 14 young professionals — with 14 being the absolute max as Here & Now Travel doesn't want to overrun the visited communities or contribute to the overuse of their resources.

"Large groups in charter buses feel clunky and seem like you are trampling or disrupting the destinations you are visiting," says Coleman. "We cap our trips at 14 people, allowing us to be good stewards of the communities we visit, and maintain our feel as a small group of travelers...and not tourists."

Each travel group is also accompanied by a Here & Now host who handles all the logistics as well as a local guide, which is a feature that Coleman believes sets their company apart from others.

"Travelers on Here & Now trips are always led by someone who calls that destination home," he explains. "Our guides have an emotional bond to the places we explore. Their passion and connection to their homes is something that can't be replicated."

Along with employing these local guides, Here & Now Travel works with local drivers, restaurants, and lodging as a way to ensure the money they spend in each community stays in that community.

As a further testament to their commitment to sustainable tourism, Here & Now Travel plans to offset their carbon footprint, which is mainly caused by airline travel, by donating to the nonprofit Trees for Houston in 2020.

The company also has plans to increase their number of trips to once per month and to eventually include European destinations.

------

This article originally ran on CultureMap.

Three Houston companies made Fortune's list of best places for millennials. Photo by Katya Horner

Houston energy company with big perks named among best workplaces for millennials

Young life

When it comes to keeping young professionals happy in the workplace, Houston is doing a bang-up job — some companies more than others. A new report released by Fortune magazine and Great Place to Work finds three Houston companies, and a total of 11 Texas companies, among the top 100 Best Workplaces for Millennials 2018.

Making the national list is Hilcorp Energy Company, an organization known for giving its employees huge bonuses, such as $100,000 in 2015 and $50,000 toward a new car in 2010. The Houston-based company has 93 percent of employees saying their workplace is great, likely because of these aggressive financial incentives, which include a revenue sharing program, a bonus program, "helping hands" community assistance programs, and a generous referral incentive, according to the Fortune piece.

Hilcorp, even with its big perks, isn't actually the top Houston company on the national list. That distinction goes to Houston-based David Weekley Homes. The construction and real estate powerhouse, leads the Texas pack at No. 19. Houston's construction/real estate company Camden Property Trust comes in at No. 94, and manufacturing/production firm Hilcorp appears at No. 95.

More than 434,000 survey respondents from Great Place to Work-Certified companies provided input into this annual list. The study analyzed how millennials rated their organizations on more than 50 different metrics defining great workplaces, such as managers' competence, respect and fairness in the workplace, opportunities for meaningful work, executive leadership, and opportunities to innovate and contribute to the organization's success.

The report also analyzed an index of factors where millennials often lag behind other workers, such as access to meaningful work, fair pay, and plans for a future with their organizations. Companies were evaluated as to whether they were creating great workplaces for all millennials — regardless of who they are or what they do for the organization.

Surveys were anonymous, and companies needed to employ at least 50 millennials to be considered. Employees rated the companies on challenges, atmosphere, rewards, pride, communication, and bosses with a numerical ranking. Here's what made the other Houston companies shine:

David Weekley Homes, where 96 percent of employees say their workplace is great, was lauded for offering an employee's children's scholarship program, product discounts, profit sharing, sabbaticals, and even spiritual assistance.

At Camden, where 92 percent of employees say their workplace is great, employees are given apartment discounts, holiday suites, scholarships, tuition assistance, an aggressive stock purchase plan, and even tickets to hot sporting events.

Elsewhere In Texas, familiar San Antonio insurance/financial service brand USAA (United Services Automobile Association) comes in at No. 40, followed by Dallas professional services firm Ryan, Inc. at No. 44 and Dallas' Prime Lending at No. 58.

Austin is represented by tech firm WP Engine, Inc. at No. 61. Dallas' Encompass Home Health checks in at No. 66, while San Antonio transportation company NuStar Energy L.P. follows at No. 69. Abilene makes an appearance with Funeral Directors Life Insurance Company at No. 92, and rounding out the Texas representation is Arlington's Texas Health Resources, Inc. at No. 96.

------

This story originally appeared on CultureMap.

Ad Placement 300x100
Ad Placement 300x600

CultureMap Emails are Awesome

Property Showcase

Houston startup is off to the races with its innovative running shoes

running start

Despite Houston’s reputation as a sneaker town, there are few actual shoe companies headquartered in the Bayou City. One that is up and running is Veloci Running, an innovative enterprise that combines the founder’s history as a track runner for Rice University with the realities of running in a changing world.

Tyler Strothman started running cross country growing up in Wisconsin and Indiana before moving to Texas to attend Rice in 2020. Naturally, his college life was altered significantly by the COVID-19 pandemic. Unfortunately, Strothman contracted the virus, leading to pneumonia and causing him to consider other plans for his future.

One thing that stood out from Strothman’s running career was how bad his shoes fit.

“Traditional shoes narrowed in, cramped the front of my feet, and it was causing foot pain,” he said in a video interview. “But any other shoes that were shaped to better fit the natural foot shape were more barefoot (style)—they were more minimalist overall. And that was hurting my calf and Achilles. It was pulling on it, kind of like a rubber band.”

Strothman decided to start Veloci and went on to win the annual Liu Idea Lab for Innovation and Entrepreneurship's H. Albert Napier Rice Launch Challenge in 2025. The win secured $50,000 in startup money, which Strothman used to immediately launch his new runner-centered shoe design with himself as the CEO at the age of 24.

Along for the jog was Strothman’s college friend, Austin Escamilla, who serves as chief operating officer. Escamilla believed in Strothman’s vision, but the project immediately ran into snags beyond Veloci’s control, particularly with manufacturing in Asia.

“It was quite a year to start a shoe business, especially dealing with tariffs and global economic trade tensions,” he said in the same video interview. “We've luckily had some really good partners and really solid advisors throughout the journey who've either done it or had some good feedback and advice. It certainly takes a village, but every day is different. So, it's fun to come into work every day and problem solve.”

The flagship Veloci shoe is the Ascent, which comes in both men’s and women’s sizes. It combines the wide toe cage that Strothman wanted with extra support cushion for a softer, easier run. They retail at $180. Strothman has personally been testing them for a year, noticing reduced lower leg pain when he runs.

At the same time, Veloci has attended to some of the more unique running problems in Houston and other hot, Southern states. A combination of heat and humidity makes for a very soggy shoe if not designed with such environments in mind. The Ascent is built to be very open and breathable, allowing hot air to flow and keeping sweat from building up. These various comfort improvements have made the Ascent Strothman’s favorite running shoe.

“I put on more pairs of this Veloci shoe than I have in my other running shoes in the last seven years,” he said

Currently, Veloci is still a very niche brand. Since the company launched last year, they’ve sold roughly 10,000 pairs. Those sales come either directly through their website or from specialty running stores, most of which are located around the Houston area, like Clear Creek Running Company in League City.

Building community around the shoe through these specialty retailers has been a prime marketing strategy. Part of the $50,000 grant went to a custom van that Veloci can take to various 5Ks, runs and events to get people interested in the brand. The personal touch has helped news of Veloci spread through the running world.

“We went to many run clubs throughout the last year,” said Escamillia. “We've been to pretty much every one of the major run clubs at least once or twice. Folks who try on the shoes, love them, become fans and post and repost…. The marketing side's been a lot of fun.”

Intuitive Machines lands $180M NASA contract for lunar delivery mission

to the moon

NASA has awarded Intuitive Machines a $180.4 million Commercial Lunar Payload Services (CLPS) award to deliver science and technology to the moon.

This is the fifth CLPS award the Houston spacetech company has received from NASA, according to a release. It will be the first mission to utilize Intuitive Machines' larger cargo lunar lander, Nova-D.

Known as IM-5, the mission is expected to deliver seven payloads to Mons Malapert, a ridge near the Lunar South Pole, which is a "compelling location for future communications, navigation, and surface infrastructure," according to the release.

“We believe our space infrastructure provides the scalability and flexibility needed to support an increased cadence of new Artemis missions and advance national objectives. This CLPS award accelerates our expansion efforts as we build, connect, and operate the systems powering that infrastructure,” Steve Altemus, CEO of Intuitive Machines, said in the release. “We look forward to working closely with NASA to deliver mission success on IM-5 and to provide sustained operations and persistent connectivity in the cislunar environment and across the solar system.”

The delivery will include the Australian Space Agency’s lunar rover, known as Roo-ver, and another lunar rover from Honeybee Robotics, a part of Jeff Bezos' Blue Origin. Intuitive Machines will also deliver chemical analysis instruments, radiation detectors and other technologies, as well as a capsule named Sanctuary that shows examples of human achievements.

Intuitive Machines previously completed its IM-1 and IM-2 missions, which put the first commercial lunar lander on the moon and achieved the southernmost lunar landing, respectively.

Its IM-3 mission is expected to deliver international payloads to the moon's Reiner Gamma this year. It’s IM-4 mission, funded by a $116.9 million CLPS award, is expected to deliver six science and technology payloads to the Moon’s South Pole in 2027.

The company also announced a $175 million equity investment to fuel growth earlier this month.

TotalEnergies exits U.S. offshore wind sector in $1B federal deal

Energy News

TotalEnergies, a French company whose U.S. headquarters is in Houston, has agreed to redirect nearly $930 million in capital from two offshore wind leases on the East Coast to oil, natural gas and liquefied natural gas (LNG) production.

In its agreement with the U.S. Department of the Interior, TotalEnergies has also promised not to develop new offshore wind projects in the U.S. “in light of national security concerns,” according to a department press release.

Federal agency hails ‘landmark agreement’

The Department of the Interior called the deal a “landmark agreement” that will steer capital “from expensive, unreliable offshore wind leases toward affordable, reliable natural gas projects that will provide secure energy for hardworking Americans.”

Renewable energy advocates object to what they believe is the Trump administration’s mischaracterization of offshore wind projects.

Under the Department of the Interior agreement, the federal government will reimburse TotalEnergies on a dollar-for-dollar basis for the leases, up to the amount that the energy company paid.

“Offshore wind is one of the most expensive, unreliable, environmentally disruptive, and subsidy-dependent schemes ever forced on American ratepayers and taxpayers,” Interior Secretary Doug Burgum said in the announcement. “We welcome TotalEnergies’ commitment to developing projects that produce dependable, affordable power to lower Americans' monthly bills while providing secure U.S. baseload power today — and in the future.”

TotalEnergies cites U.S. policy in move away from U.S. wind power

In the news release, Patrick Pouyanné, chairman and CEO of TotalEnergies, says the company was “pleased” to sign the agreement to support the Trump administration’s energy policy.

“Considering that the development of offshore wind projects is not in the country’s interest, we have decided to renounce offshore wind development in the United States, in exchange for the reimbursement of the lease fees,” Pouyanné says.

TotalEnergies redirects capital to LNG, oil, and natural gas

TotalEnergies will use the $928 million it spent on the offshore wind leases for development of a joint venture LNG plant in the Rio Grande Valley, as well as for production of upstream oil in the Gulf of Mexico and for production of shale gas.

“These investments will contribute to supplying Europe with much-needed LNG from the U.S. and provide gas for U.S. data center development. We believe this is a more efficient use of capital in the United States,” Pouyanné says.

TotalEnergies paid $133.3 million for an offshore wind lease at the Carolina Long Bay project off the coast of North Carolina and $795 million in 2022 for a lease covering a 1,545-megawatt commercial offshore wind facility off the coast of New Jersey.

“TotalEnergies’ studies on these leases have shown that offshore wind developments in the United States, unlike those in Europe, are costly and might have a negative impact on power affordability for U.S. consumers,” TotalEnergies said in a company-issued press release. “Since other technologies are available to meet the growing demand for electricity in the United States in a more affordable way, TotalEnergies considers there is no need to allocate capital to this technology in the U.S.”

Since 2022, TotalEnergies has invested nearly $12 billion to promote the development of oil, LNG, and electricity in the U.S. In 2025, TotalEnergies was the No. 1 exporter of LNG from the U.S.

Industry groups push back on offshore wind pullback

The American Clean Energy Association has pushed back on the Trump administration’s characterization of offshore wind projects.

“The offshore wind industry creates thousands of high-quality, good-paying jobs, and is revitalizing American manufacturing supply chains and U.S. shipyards,” Jason Grumet, the association’s CEO, said in December after the Trump administration paused all leases for large-scale offshore wind projects under construction in the U.S. “It is a critical component of our energy security and provides stable, domestic power that helps meet demand and keep costs low.”

Grumet added that President Trump’s “relentless attacks on offshore wind undermine his own economic agenda and needlessly harm American workers and consumers.” He called for passage of federal legislation that would prevent the White House “from picking winners and losers” in the energy sector and “placing political ideology” above Americans’ best interests.

The National Resources Defense Council offered a similar response to the offshore wind leases being paused.

“In its ongoing effort to prop up waning fossil fuels interests, the administration is taking wilder and wilder swings at the clean energy projects this economy needs,” said Pasha Feinberg, the council’s offshore wind strategist. “Investments in energy infrastructure require business certainty. This is the opposite. If the administration thinks the chilling impacts of this action are limited to the clean energy sector, it is sorely mistaken.”

---

This article originally appeared on EnergyCapitalHTX.com.

View All Listings