Author: Lauren Ohnesorge

Net Power has bold ambitions and is already planning its first plant, a $950 million project in the Permian Basin of West Texas, which is scheduled to come online in 2025. The company’s demonstration facility is in La Porte in the Houston area.

Airline executives say travel behavior continues to evolve, forcing business models to adapt on the fly.

Fuel derived from biomass has become a buzzword in the airline industry, whose executives repeatedly say they’re willing to get on board with sustainable alternatives.

Houston-based Avelo Airlines has picked Raleigh-Durham International Airport (RDU) for its fifth base, a move that adds six new routes and at least 50 jobs. The low-cost startup airline also canceled a route this month, just days after it launched.

When it comes to remote work, the leader of one of the largest investment banks in the country told business leaders gathered at UNC he’s ready to cancel the Zoom calls.

It’s been a scramble for Andrew Levy and his Avelo Airlines team as they’ve battled Covid resurgence, sky-high fuel prices and economic uncertainty.

Texas had offered up an incentives package that — including free land, tax abatements and training — would have been worth more than $300 million.

The company says its investment could total $550 million. And it’s planning to hire more than 350 workers at average salaries of nearly $119,000.