To accommodate the growing demand for skilled workers, major energy companies are investing in local universities and colleges to equip the future workforce with the necessary skills needed to achieve an energy-abundant and low carbon future.    Shell Energy and bp America recently made a $1.7 million donation to Prairie View A&M (PVAM) to support the establishment of an energy trading program that aims to increase diversity in the industry. The two-year program will offer classroom and corporate training and individual mentoring experience, according to PVAM’s news release.  “The students at Prairie View A&M University are primed to bring new perspectives and voices into the energy sector,” said Carolyn Comer, President, Shell Energy North America. “The Energy Trading Program is a significant step in attracting the best and most diverse talent and giving them the training, mentoring and hands-on experience needed to forge successful paths after graduation.”  This isn’t the first investment into PVAM for Shell or bp. Last year, bp awarded the university $1.35 million through its HBCU Fellowship Program, providing students with scholarship funding, exposure to the energy industry and career development experience.  “We need the best and the brightest talent as we transform our company,” said Mark Crawford, bp’s senior vice president, global diversity, equity and inclusion. “We are thrilled to work with [Prairie View A&M University] and provide students with an opportunity to earn a degree while giving them real-world experience in the exciting and evolving energy sector.”  LyondellBasell has also taken major strides to advance this effort by partnering with San Jacinto College. In 2019, the energy giant helped the university open its Center for Petrochemical Energy and Technology through a $5 million donation. Featuring an array of interactive classrooms, labs, workstations and collaborative spaces, the center aims to provide students with hands-on training and experience to equip them for a job in the industry.   "The need for a facility like this has never been greater," Jim Griffin, CPET associate vice chancellor and senior vice president, said in a news release. "We're seeing a growing industry that's investing more than $60 billion in new capital locally. At the same time our baby boomers are exiting the workforce, so the workforce needs are growing along with the job opportunities. This new facility expands the College's capabilities to bridge that gap by developing and training the industry's current and future workforce in a technologically advanced environment designed with industry input."  Recently, Woodside Energy provided $12.5 million to support Rice University’s decarbonization initiative that aims to bring breakthrough decarbonization technology from the Rice labs to market, focusing on manufacturing products derived from captured carbon dioxide and methane.  Additionally, Accenture is also working to bridge the middle-skills gap in Houston’s emerging Hydrogen economy through its collaboration with the Partnership’s Houston Energy Transition Initiative (HETI) and Upskill Houston. This effort will map key hydrogen careers and offer new opportunities for Houston’s disadvantaged communities to be part of the energy transition.    Learn more about Houston's Energy Transition Initiative. 

In recent years, Houston's academic landscape has witnessed a remarkable surge in endowments among its universities and colleges, garnering substantial support from donors for their efforts in driving innovation, advancing research and bolstering the region’s future workforce.  In 2021, Rice University exemplified this trend by achieving an endowment exceeding $8 billion. Building upon this success in 2022, the university maintained its strong position by securing the second-largest endowment assets in the Houston area, totaling an impressive $7.8 billion, as reported in the university's Endowment Report.  These substantial endowment assets serve as the cornerstone of Rice's financial stability, enabling the institution to fuel various initiatives aimed at advancement. From expanding faculty and introducing innovative programs to constructing cutting-edge facilities, the university's investments pave the way for groundbreaking research endeavors.  In 2023, Rice unveiled its most ambitious project yet—the Ralph S. O'Connor Building for Engineering and Science, sprawling 250,000 square-foot facility devoted to research, the university’s largest to date. Designed to foster collaboration among students and researchers, the building promises to be a hub for groundbreaking discoveries. Its realization was made possible by a generous $57 million donation from the founder of Ralph S. O'Connor & Associates.  San Jacinto College saw the largest growth in endowment assets among local universities and colleges, jumping from $7.4 million in 2019 to $25.2 million in 2022, according to the university’s Donor Impact Report.   In 2021, the college received its most substantial donation in history, a $30 million contribution from philanthropist Mackenzie Scott. This gift now supports the Student Success Fund Endowment to expand Promise @ San Jac Scholarships, which provides free tuition to recent graduates from local ISDs.  Additionally, in 2023, the college received $1.5 million from Houston Endowment to launch its second bachelor’s degree – a Bachelor of Applied Science in Education with an emphasis in early childhood education, which aims to fill the region’s teacher shortage.   As these institutions continue to see a rapid flow of philanthropic investments, the growth in endowments plays a pivotal role in enhancing educational opportunities and resources for students. Simultaneously, this serves as a catalyst for attracting top talent and cultivating a skilled pool of graduates prepared to meet the evolving needs of the region’s workforce.  Learn more about Houston’s universities and colleges.