Editor'snote: From two Houston geothermal companies scoring military projects to the newest cleantech fund from Chevron, these are the top headlines that resonated with EnergyCapital readers on social media and daily newsletter this week.
US military enlists 2 Houston companies for geothermal projects
Houston-based companies, Fervo Energy and Sage Geosystems, have been tapped for a new geothermal exploration efforts. Photo via Getty Images
Two clean energy companies in Houston have been recruited for geothermal projects at U.S. military installations.
Fervo Energy is exploring the potential for a geothermal energy system at Naval Air Station Fallon in Nevada.
Meanwhile, Sage Geosystems is working on an exploratory geothermal project for the Army’s Fort Bliss post in Texas. The Bliss project is the third U.S. Department of Defense geothermal initiative in the Lone Star State. Continue reading.
Texas ranked as among the worst states for EV drivers
A new list from EV Charger Reviews puts Texas in the No. 2 position among the worst states for owning an EV. Photo via Getty Images
You’d think that producing tens of thousands of Teslas might help drive up Texas’ standing among the best states for owning an electric vehicle. To the contrary, Texas ranks among the worst states to be an EV owner.
A new list from EV Charger Reviews puts Texas in the No. 2 position among the worst states for owning an EV. Washington leads the pack of the worst EV states. Topping the list of the best states for EV owners is Maine, followed by Colorado and Vermont. Continue reading.
New report calls for Houston-area health care providers to take action amid climate change
What can hospital systems do to combat climate change? A lot, according to a new report from the Center for Houston's Future. Photo via TMC.org
A new report underscores an “urgent need” for health care systems in the Houston area to combat climate change and avoid an environmental “code blue.”
“By adopting collaborative strategies and leveraging technological innovations, health care providers can play a pivotal role in safeguarding the health of Houston’s residents against the backdrop of an evolving climate landscape,” says the report, published by the Center for Houston’s Future. Continue reading.
Chevron launches $500M clean energy fund to target low carbon fuels, advanced materials
CTV has announced its newest fund to deploy capital to innovative clean energy tech. Photo via Getty Images
Chevron Technology Ventures has announced its latest fund raised to deploy capital into clean energy technology.
CTV's Future Energy Fund III has reportedly launched with $500 million — an increase from its second fund from 2021 that was valued at $400 million. The inaugural Future Energy Fund was established in 2018. Each fund has targeted separate technologies — from capture, emerging mobility, and energy storage in fund I to industrial decarbonization, emerging mobility, energy decentralization, and circular economy in fund II. Continue reading.
3 organizations in Houston receive funding for DOE-backed programming
Houston-based Rice Alliance Clean Energy Accelerator, as well as Activate Global and Greentown Labs, which each have Houston locations, will provide clean tech workshops at the DOE-backed event. Photo via Getty Images
A clean technology program backed by the Wells Fargo Foundation and co-administered by the United States Department of Energy's National Renewable Energy Laboratory has named three Houston organizations as recipients to an annual awards program.
The Wells Fargo Innovation Incubator, a $50 million program, announced its eighth cycle of IN2 Channel Partner Strategic Awards. The program is distributing $767,000 across 15 organizations within the Channel Partner network to create impactful workshops at the upcoming Camp Cleantech event in August at CSU Spur in Denver, Colorado.
Houston-based Rice Alliance Clean Energy Accelerator, as well as Activate Global and Greentown Labs, which each have Houston locations, have been named among the awards recipients. The organizations will present workshops aimed at providing critical tools and insights for clean tech startups. Continue reading.