With the area known for being a leader in energy production, a potential 10-year investment is being planned to make it a future energy innovation hub.
ODESSA, Texas — The Permian Basin is known for being a leader in energy production, but the future could also see it become a region of energy innovation. The University of Texas in Austin, along with the University of Texas Permian Basin, Midland College, Odessa College and many other institutions are working with a $1 million grant to propose a plan that could ultimately lead to a 10-year investment.
The goal is to bring resources to the Permian Basin and have it lead in new energy technology. With hydrogen and carbon capture part of exciting developments in energy innovation, the energy footprint in the Permian Basin has it positioned to benefit.
“So just thinking about the resources in the Permian Basin, how can those …