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Emerging Energy
University Lands (UL) continues to advance its commitment to diversify revenue streams and foster sustainable energy development through its Emerging Energy (EE) initiatives. With a strategic focus on market engagement and opportunity assessment in fiscal year 2024, the UL team made significant strides in positioning PUF Lands as a premier location for alternative energy solutions while complementing traditional resource management. Key accomplishments include:
Standardized Diligence Process The team established formal processes to evaluate and assess opportunities efficiently, ensuring clear pathways for engagement with potential partners. Expanded Project Pipeline Dozens of opportunities spanning over 10 unique project types (wind, solar, battery storage, carbon capture, etc.) were identified, reflecting the broad scope of interest and potential applications on PUF Lands. Market Intelligence and Strategic Focus By gathering critical commercial and legal insights and identifying high-demand regions, the EE team has sharpened its strategic focus to align with market trends and developer needs.
Organizational Enhancements Internal capacity was bolstered with the hiring of the Vice President of Emerging Energy, a new leadership position strengthening the team’s ability to evaluate and execute deals effectively. Bureau of Economic Geology Project Completion The Bureau of Economic Geology (BEG) research project concluded successfully, delivering foundational EE data and insights to guide future decision-making and energy planning on PUF Lands.
A VISION FOR THE FUTURE UL continues to lay the groundwork for long-term success in emerging energy markets. By fostering collaboration with industry leaders, refining processes, and remaining adaptive to new technologies, the EE team is setting a strong foundation for sustainable growth. The pipeline of projects reflects a diverse and innovative approach, underscoring the potential of PUF Lands to support a variety of energy solutions beyond oil and gas. This year’s accomplishments reflect a commitment to stewardship and a forward-looking vision to enhance the value of PUF Lands through strategic energy diversification. UL remains steadfast in its mission to harness the full potential of these resources for the benefit of Texas’ education and research institutions.
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Solar Facility
GAINES
DAWSON
Wind Farm
ANDREWS
MARTIN
Battery Energy Storage System (BESS)
Midland
Odessa
LOVING
ECTOR
WINKLER
Monahans
CULBERSON
WARD
Pecos
CRANE
UPTON
REAGAN
IRION
SCHLEICHER
PECOS
CROCKETT
Ozona
TERRELL
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