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Chevron names SaaS startup to Houston accelerator program

Cerebre is a software-as-a-service company that works with its customers to unlock and leverage data to tap into AI tools and digitization. Photo via cerebre.io

A Boston-based startup that provides software for manufacturing plants has joined a Houston-based corporate accelerator.

Cerebre, a software-as-a-service company that works with its customers to unlock and leverage data to tap into AI tools and digitization, has joined Chevron Technology Ventures as part of its Catalyst Program.

“We are thrilled and honored to be selected by Chevron as part of the Catalyst Program," Founder and CEO Jeff Robbins says in a news release. "We are witnessing an explosion and convergence of technology never seen before.

"As the world races to build AI, we have worked extensively to help companies feed their AI models with high-quality data that represents the plant and their business," he continues. "We are energized to be recognized by Chevron as having a potential role to play in the industry’s transformation.”

Founded in 2017, the Catalyst Program accelerates early-stage companies that are working to transform the energy sector. CTV launched in 1999 to support externally developed technologies and new business solution.

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A View From HETI

Baker Hughes and H&P are joining forces to help accelerate geothermal development in the U.S. Photo courtesy Baker Hughes

In recent months, Houston-based energy corporation Baker Hughes has launched multiple partnerships to expand geothermal energy extraction across the United States. The latest, a deal with Oklahoma-based Helmerich & Payne Inc. (H&P), was announced Wednesday.

As part of the deal, H&P will provide a geothermal-capable land drilling rig, while Baker Hughes will contribute technology and expertise. The rig is expected to be deployed later this year, according to a news release.

“Geothermal energy plays a critical role in meeting growing power demand by providing clean, reliable baseload generation,” Amerino Gatti, executive vice president of oilfield services & equipment for Baker Hughes, said in the release. “This collaboration reflects a deliberate step to move its development in the U.S. from concept to reality. By working together, Baker Hughes and Helmerich & Payne are helping customers advance these critical energy projects with greater confidence and deliver reliable, sustainable power.”

Investment in the geothermal energy sector is currently exploding in the U.S., having grown by at least 1,000 percent just in the last seven years, according to a recent report by Rocky Mountain Institute.

On one hand, only about 1 percent of the American energy grid currently uses geothermal, but on the other, the U.S. holds roughly 25 percent of the world’s geothermal capacity. Harnessing that power becomes even more attractive as conflicts in Russia and Iran continue to hamstring energy markets from those countries and revitalize interest in renewable energy.

Baker Hughes has been at the forefront of the geothermal boom. This new deal with H&P combines H&P’s drilling platform technology with Baker Hughes’s subsurface and energy extraction support technologies.

“This agreement underscores Helmerich & Payne’s commitment to supporting emerging energy opportunities through our drilling technologies and operational expertise,” H&P President and CEO Trey Adams added in the release. “We are pleased to collaborate with Baker Hughes to support the advancement of geothermal development in the United States.”

The deal with H&P is just one of several recent ones Baker Hughes has closed. In March, they announced support for XGS’s geothermal extraction projects in New Mexico, which are being used to meet the increasing demands of data centers in the state. Last May, Fervo Energy selected Baker Hughes to supply equipment for its flagship geothermal project in Utah.

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