Kinder Morgan Inc. (KMI) has formed a new Energy Transition Ventures group within Kinder Morgan to identify, analyze, and pursue commercial opportunities emerging from the low-carbon energy transition. The group, led by Jesse Arenivas, President of Energy Transition Ventures and CO2, and Anthony Ashley, Vice President of Energy Transition Ventures, will focus on broadening Kinder Morgan’s reach beyond the low-carbon energy initiatives currently in development by KMI’s business units.
“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,” said Steve Kean, CEO of KMI.
The team consists of a group 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. They will focus on customer outreach and business development activities in pursuit of those new ventures, which may include services like carbon capture and sequestration, renewable natural gas capture, hydrogen production, renewable power generation, electric transmission, and renewable diesel production.
“This is an exciting time in the energy sector,” said Arenivas. “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.”