Kinder Morgan, one of the largest energy infrastructure companies in North America, announced the launch of a new Energy Transition Ventures group, tasked with identifying, analyzing and pursuing commercial opportunities emerging from the low carbon energy transition.
According to Kinder Morgan, the group will focus on new ventures in areas including including carbon capture and sequestration, renewable natural gas capture, hydrogen production, renewable power generation, electric transmission and renewable diesel production.
Steve Kean, CEO of Kinder Morgan, said:
“While we continue to remain disciplined and focused on attractive returns when evaluating investment opportunities in these new ventures, we are extremely pleased to announce the formation of this new group at a time when energy markets are evolving both nationally and abroad. Jesse and Anthony have the ideal skill sets to lead this organization, with more than 50 years of combined experience in the energy and banking industries.”
Energy Transition Ventures will be led by President Jesse Arenivas, and Vice President Anthony Ashley, and feature a team consisting of in-house financial, commercial and engineering talent that will focus on analyzing and quantifying opportunities for additional assets and service offerings tailored to the ongoing energy transition.
“This is an exciting time in the energy sector. As public policies, including tax and other government incentives, align with ESG objectives, our unparalleled asset footprint provides a solid footing to facilitate the energy transition.”