{"id":10747,"date":"2020-05-30T12:08:19","date_gmt":"2020-05-30T09:08:19","guid":{"rendered":"https:\/\/www.al-sindbad.net\/oil-and-gas-refugees-are-being-courted-by-clean-energy-in-texas\/10747\/"},"modified":"2020-05-30T12:08:19","modified_gmt":"2020-05-30T09:08:19","slug":"oil-and-gas-refugees-are-being-courted-by-clean-energy-in-texas","status":"publish","type":"post","link":"https:\/\/www.al-sindbad.net\/oil-and-gas-refugees-are-being-courted-by-clean-energy-in-texas\/10747\/","title":{"rendered":"Oil and Gas Refugees Are Being Courted By Clean Energy in Texas"},"content":{"rendered":"<p><\/p>\n<p>By Brian Eckhouse and David Wethe (Bloomberg) \u2013Jeff Bishop\u2019s LinkedIn post gets right to the point: \u201cHouston Oil &amp; Gas Folks \u2014 we\u2019re hiring in Texas\u201d for jobs in clean tech.<\/p>\n<p><\/p>\n<p>His company, battery developer Key Capture Energy, is making the pitch even as tens of thousands of renewable-energy jobs have dried up amid the coronavirus pandemic. That\u2019s because Bishop and a handful of other clean-power executives see an opportunity to recruit talent from the oil and gas industries, which have been even harder hit.<\/p>\n<p><\/p>\n<p>While there are plenty of overlapping skills, it wasn\u2019t always easy for clean-power companies to lure top talent from oil and gas. Wind and solar were young and niche industries that tended to attract environmentalists. Now they\u2019re big energy, and they appeal to a wider class of workers. Since publishing the post two months ago, Bishop has received about 200 applications.<\/p>\n<p><\/p>\n<p>\u201cWe\u2019ve always wanted oil and gas folks,\u201d said Bishop, Key Capture\u2019s chief executive officer.<\/p>\n<p><\/p>\n<p>When boiled down, much of oil, gas, wind and solar is about building projects and selling the output. That requires workers with backgrounds in geology, land acquisition, engineering, finance, asset management and energy contracts.<\/p>\n<p><\/p>\n<p>\u201cWe are hiring oil and gas refugees for sure,\u201d said Christian Fong, CEO at Spruce Finance Inc. The solar company moved its headquarters from San Francisco to Houston two years ago to recruit more energy veterans. It plans to boost its staff by 30%, or 20 people, during the second and third quarters.<\/p>\n<p><\/p>\n<p>Clean power already has momentum in Texas. It\u2019s long been the top wind-power state in the U.S. Solar has been booming. Houston plans to power all of its city-owned properties \u2014 from fire stations to airports \u2014 with renewable energy. And now the city\u2019s mayor is trying to bring two Elon Musk companies to the city \u2014 Tesla Inc. and SpaceX \u2014 in his push to broaden the city\u2019s economic base beyond oil.<\/p>\n<p><\/p>\n<p>\u201cWe\u2019re having to make certain adjustments,\u201d Houston Mayor Sylvester Turner said. \u201cIt\u2019s about energy transition.\u201d<\/p>\n<p><\/p>\n<p>To be clear, clean-power companies aren\u2019t even close to being in position to absorb the nearly 90,000 fossil-fuel jobs shed in March and April, including drillers, frackers and refiners. Renewables companies shed nearly 96,000 of their own jobs during that period as lockdowns put rooftop solar installations and other larger projects on ice.<\/p>\n<p><\/p>\n<p>But while some furloughed clean-power workers are already being called back to work, the pain in the oil patch continues as the industry suffers its worst downturn ever as the pandemic cripples demand.<\/p>\n<p><\/p>\n<p>On Wednesday, Chevron Corp. said it\u2019s planning a 10% to 15% <a href=\"https:\/\/gcaptain.com\/chevron-planning-to-cut-up-to-15-of-workforce\/\">reduction<\/a> in its global workforce this year, the biggest recent cut to headcount yet among global oil majors. It comes after oil-services giants Halliburton Co. and Schlumberger Ltd. have already made steep jobs cuts, including in Texas.<\/p>\n<p><\/p>\n<p>In the end, clean-power executives say they\u2019re confident they\u2019re better-positioned to bounce back and ultimately prevail in the struggle for the future of energy.<\/p>\n<p><\/p>\n<p>\u201cWe clearly see renewable energy coming out as a relative winner from this Covid crisis,\u201d analysts from Sanford C. Bernstein &amp; Co. including Deepa Venkateswaran wrote Friday in a note to investors. \u201cThe Covid crisis will result in an acceleration of decarbonisation initiatives.\u201d<\/p>\n<p><\/p>\n<p>In some instances, pay is even better in clean power. The median hourly wage for a mid-career wind-industry worker is now $29.79, above the $26.67 for oil, according to the U.S. Energy &amp; Employment Report from the Energy Futures Initiative and the National Association of State Energy Officials.<\/p>\n<p><\/p>\n<p>\u201cBefore 2020, I had never heard of any firm specifically hiring from oil and gas into advanced-energy companies,\u201d said Nat Kreamer, CEO of the trade-group Advanced Energy Economy and a founder of the solar giant Sunrun Inc. \u201cNow you look at a place like Texas with so much work to be done in renewables and so little work to be done in oil &amp; gas \u2014 it\u2019s obvious.\u201d<\/p>\n<p><\/p>\n<p>Houston-based Sunnova Energy International Inc. has hired oil and gas workers before, and CEO John Berger expects to hire more. 8minute Solar Energy is looking for oil and gas people with experience in power trading, greenfield development, land acquisition and mineral rights, according to CEO Tom Buttgenbach.<\/p>\n<p><\/p>\n<p>\u201cTen years ago, the idealistic change-the-world folks were attracted to clean energy,\u201d said Bishop, whose company has installed three 10-megawatt storage projects in Texas. \u201cToday, we still get some of the change-the-world folks, but it\u2019s an increasing number of team members wanting stable jobs in a growth industry.\u201d<\/p>\n<p>gCaptain<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Brian Eckhouse and David Wethe (Bloomberg) \u2013Jeff Bishop\u2019s LinkedIn post gets right to the point: \u201cHouston Oil &amp; Gas Folks \u2014 we\u2019re hiring in Texas\u201d for jobs in clean tech. His company, battery developer Key Capture Energy, is making the pitch even as tens of thousands of renewable-energy jobs have dried up amid the &hellip;<\/p>\n","protected":false},"author":1,"featured_media":10748,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[56],"tags":[4574,7014,2370,43,166,7013,1468],"class_list":["post-10747","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-marine-world","tag-clean","tag-courted","tag-energy","tag-gas","tag-oil","tag-refugees","tag-texas"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/10747","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=10747"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/10747\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/10748"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=10747"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=10747"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=10747"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}