Published May 25, 2023 by Ernesto Becerra
Houston is reaffirming its global leadership in the energy transition as two major carbon capture and storage technology companies expand their presence in the region.
Carbon Clean, a UK-based startup specializing in carbon capture technology, recently selected Houston as the location for its U.S. headquarters, marking a significant milestone in the company's North American expansion.
This decision comes in the wake of the U.S. Inflation Reduction Act, which has driven up demand for industrial carbon capture technology. As a result, Carbon Clean says it has experienced a 64 percent increase in U.S. inquiries since August 2022.
Aniruddha Sharma, Chairman and CEO of Carbon Clean, said he recognizes the favorable conditions created by the IRA, making the U.S. one of the best places in the world to develop industrial carbon capture projects.
With over four years of active presence in the U.S., Carbon Clean foresees the country becoming its largest market. In response to this growing demand for its CycloneCC technology, the company has announced its intention to double its U.S. workforce.
In addition to Carbon Clean's expansion, Drax, a renewable energy company, has also chosen Houston as the location for its North American headquarters focused on attracting more Bioenergy with Carbon Capture and Storage (BECCS) projects to the U.S. and Canada. This strategic move positions Drax at the forefront of the sustainable bioenergy revolution combined with carbon capture and storage.
“With the growing global demand for high-quality carbon removals, Houston was a natural fit for our BECCS headquarters as it is the energy capital of the world with a proven, highly skilled workforce that will be needed to lead the world’s clean energy transition,” said Drax CEO Will Gardiner.
These types of business announcements serve as a testament to Houston’s position as a leader in accelerating global solutions for an energy-abundant, low-carbon future.
Learn more about how the Partnership’s Houston Energy Transition Initiative and the region are leading the energy transition at the Future of Global Conference June 7-9.