Skip to main content

Energy Transition, Resiliency and Innovation Among Key Topics of London Visit

Published Nov 25, 2019 by Javier Vargas

London Stock Exchange.JPG

An international delegation led by the Greater Houston Partnership traveled to London earlier this month to strengthen business ties between Houston and the British capital. 

Headed by President and CEO Bob Harvey and Senior Vice President of Economic Development Susan Davenport, the group met with several firms who have headquarters in London but also have significant operations here in Houston. 

U.S.-U.K. Business and Trade Ties

In 2018, trade between Houston and the United Kingdom was valued at $7.3 billion, an increase of nearly 34% from the previous year, making Houston the fourth busiest gateway for U.S.-U.K. trade by value. 

The Partnership’s visit to London began with updates from the Department for International Trade (DIT) and London & Partners. Both are key organizations advancing business and trade relations in the U.K. 

DIT is the U.K. department responsible for striking and extending trade agreements between the United Kingdom and non-EU states, as well as for encouraging foreign investment and export trade. DIT officials provided an overview of the current U.K. energy market, as well as recent developments, including CCUS (carbon capture, utilization, and storage), oil and gas, and offshore wind. The group also discussed the U.K.’s smart cities initiatives, an area of increased focus for Houston. 

As the London counterpart of the Greater Houston Partnership, London & Partners works to build the city’s international reputation, attract foreign investment to the region and retain and grown London’s businesses. CEO Laura Citron led a conversation on the organization’s operations model, as well as the growing ties between London and U.S. businesses.

London & Partners.JPG
With London & Partners

Global Energy Transition

With global energy demand growing and an increasing global effort to transition to a low-carbon economy, another key theme of the mission focused on the future of energy. The delegation met with the London office of Royal Dutch Shell to discuss the company’s renewable energy plans and the desire to attract and expand this sector in Houston. Its subsidiary, Shell Oil Company, is based in Houston, along with the largest of Shell’s three technology centers working to find solutions for current and future energy challenges.

The Greater Houston Partnership also visited BP’s global headquarters to discuss similar opportunities for renewable operations in Houston. Houston is home to BP’s U.S. headquarters and the company’s largest employee base anywhere in the world. The company’s current renewables presence in Houston includes BP Wind Energy’s Remote Operations Center, which centrally monitors all BP-operated wind farms, as well as the Center for High-Performance Computing, which is home to one of the world’s largest supercomputers for commercial research.

Flooding and Resiliency

The delegation met with Bechtel to discuss ongoing efforts to make the Houston region more resilient to severe flooding events by designing, building and financing flood mitigation infrastructure. Bechtel’s large presence in Houston includes the company’s Oil, Gas & Chemicals division, as well as the Downstream and Technology Center. The London office has taken a lead role in some of the U.K.’s most important projects, including the West Coast Main Line, Channel Tunnel and High Speed 1, the nation's first high-speed rail line. 

The group also met with Jacobs to provide a briefing on the federal, state and local funding appropriated to the Houston region following Hurricane Harvey and discuss ways to strengthen our cooperation and collaboration in sustainability and infrastructure development. Jacobs partners with government, cities and businesses in more than 50 countries, with projects which include designing master plans for entire regions and critical infrastructure. 

Jacobs.JPG
With Jacobs

Innovation 

At the conclusion of the trip, the delegation met with Here East, a tech-focused campus and co working space that occupies a building constructed for the 2012 Olympics. The former International Broadcast Centre and Main Press Centre of the London Olympics now provide 1.2 million square feet of dedicated and versatile space for startups and entrepreneurs to co-exist and collaborate with top global businesses and world-renowned academic institutions. 

After a tour of the complex, Here East representatives discussed challenges and best practices of establishing and running a major innovation center in a global city, a timely conversation for Houston with July’s groundbreaking of The Ion. Anchoring the 16-acre South Main Innovation District in Midtown Houston, the 270,000-square-foot innovation hub will bring together entrepreneurs, venture capital, corporations and academia to collaborate under one roof. 

Overall, the delegation’s trip to London yielded several discussions and new ideas for the Houston region.

Learn more about Houston’s trade relationship with the United Kingdom here. Read more on our region’s innovation ecosystem. The Greater Houston Partnership’s efforts to address resiliency can be found here.
 

Related News

Economic Development

Houston Remains Top Texas City in New National Ranking

6/27/24
Houston has once again topped the rankings of an annual list of America’s Best Cities, claiming first in the state and No. 10 in the nation, surpassing Dallas and Austin.  The report, compiled by international consulting firm Resonance, ranks cities with a population of more than 500,000 based on livability, lovability and prosperity. The Bayou City has consistently ranked high on Resonance’s list over the years, placing No. 9 in 2023 and No. 11 in 2022, drawing praise for its cultural diversity, award-winning restaurant scene, number of Fortune 500 companies and quality of life.  Houston’s population gains can be attributed to its quality of life and strong economy. According to a Greater Houston Partnership analysis, Houston added nearly 140,000 residents in 2023, marking the second highest population growth among U.S. metros.  “Austin may get the attention, but the promise of the Lone Star State drawing Californians and New Yorkers is quietly being fulfilled in Houston,” the report stated.  This year’s report again recognizes Houston as one of the most diverse cities in the nation, with one in four residents being foreign-born and over 145 languages spoken, earning it the No. 21 spot in the report’s Culture category. The report also highlights the city's wealth of international festivals, world-class museums and cultural centers, including the new Ismaili Center set to open next year.  Houston’s dining scene ranked fourth in the report’s restaurant subcategory, ahead of popular foodie destinations including San Francisco, Las Vegas and Miami. The city earned acclaim for its diverse blend of dishes, described in the report as “Southern Soul and barbecue with Mexican that’s then seasoned with global cuisine.” Earlier this year, 11 Houston restaurants and chefs were named semifinalists for the 2024 James Beard Awards.   The report also applauded Houston’s robust economy, ranking No. 3 in the country for the number of Fortune 500 companies and patents. Houston is home to 26 Fortune 500 companies, making it the third-largest hub for Fortune 500 headquarters in the nation. As a hub for business development and opportunity, Houston was also recently named the best city to grow a business, according to a new study by The RevOps Team.  Additionally, Resonance recognized the Bayou City for its leadership in the global energy transition, with an estimated $250 billion in potential investment in the region over the next 15 years, according to a recent McKinsey report. The report also highlighted Houston’s reputation as Space City, noting key facilities and investments such as the Houston Spaceport, which is anchored by NASA-contract-winning companies Axiom Space, Collins Aerospace and Intuitive Machines.  Learn more about living in Houston.  
Read More
Economic Development

Fulshear Lands as Second Fastest-Growing City in Nation

6/7/24
Fulshear, a bustling community in Fort Bend County, has seen significant growth, emerging as the second fastest-growing city in the nation. According to the U.S. Census Bureau, Fulshear’s population increased by 25.6 percent in 2023. The Greater Houston Partnership’s monthly report also shows that Fulshear’s population has grown by over 70 percent since 2021, with over 42,000 residents.   To accommodate the ongoing growth, numerous new projects are in development, offering residents places to live, work and play. Among these is Fulshear Junction, a recently announced 126.9-acre mixed-use development. Situated north of FM 1093 and west of Wallis Street, this project will bring 251 single-family homes and feature a variety of shops, restaurants, offices, parks, recreational areas and a daycare facility, according to Community Impact.   Click to expand Additionally, Fulshear Gateway, a 20,000 square foot retail center, recently broke ground at the intersection of Wallis Road and FM 359, near the city’s downtown district. The development will have three buildings, featuring a mix of restaurants, retail, medical and beauty services. According to Community Impact, construction is expected to be completed in 2025.   Click to expand Meanwhile, developers are also addressing the influx of new residents by launching master-planned communities to meet the demand. Cross Creek West, a 1,258-acre development, will add more than 3,000 homes upon completion. Additionally, Cross Creek Ranch, a 3,200-acre community, will bring over 5,000 homes to the area.  To continue to draw people, businesses and developers to the area, the city recently proposed a nearly $70 million Capital Improvement Plan for projects in fiscal year 2024-25. The plan encompasses various projects, including drainage, facilities, parks and technology, streets and traffic, water and wastewater initiatives. Notably, the plan allocates the largest portion of funding, $40.82 million, to wastewater projects. The proposed funding for drainage includes the Downtown Eastside drainage project, which aims to eliminate the need for on-site detention for businesses. Additionally, the city is also working to add concrete paving, a pedestrian plaza and street parking to Harris Street from FM 1093 to Fifth Street, making the area more walkable. Construction on Harris Street is set to begin this summer and is expected to be completed in 2025. “[We are] hoping to see that mixed-use lifestyle type of place, where we will have retail and restaurants and things to do for our young families, our teenagers—really everyone of all ages,” said Annel Guadalupe, Economic Development Director of the Fulshear Development Corporation in a statement. “We’re starting with Harris Street, but the hope is to really do all of downtown, one street at a time, so we can really see that come to life.”  Discover more about the ongoing growth in Fulshear. 
Read More

Related Events

Economic Development

Future of Global Energy Conference Presented by Shell USA, Inc.

The Greater Houston Partnership, Houston Energy Transition Initiative (HETI) and the Center for Houston's Future invite you to the annual Future of Global Energy presented by Shell USA, Inc. …

Learn More
Learn More
Executive Partners