seeing green

New global report names top cleantech startups to keep an eye on

Fervo Energy — and a few other Greentown Labs companies — made a global list of clean tech companies. Photo via fervoenergy.com

Nine Greentown Labs members were recognized on a global list honoring cleantech companies.

Houston-based Fervo Energy was named to Cleantech Group’s Global Cleantech 100 report. Cleantech Group is a research-driven company that aids the public sector, private sector, investors, and also identifies, assesses, and engages with the innovative solutions around climate challenges.

Fervo, a geothermal energy company that specializes in a renewable energy technology that uses hot water to produce electricity, debuted in 2022 on the list, and was honored in the “Energy & Power” category for the second straight year.

The other Greentown Labs, which is dual located in Houston and Somerville, Massachusetts, companies recognized on the list include:

  • Amogy, a New York-based novel carbon-free energy system using ammonia as a renewable fuel
  • Carbon Upcycling Technologies, a Canadian waste and carbon utilization company
  • Dandelion Energy, New York-based company offering ground source heat pumps for most homes
  • Energy Dome, a Milan-based company addressing the problem of long-duration energy storage
  • e-Zinc, a Canadian company with a breakthrough electrochemical technology for energy storage
  • Nth Cycle, a Massachusetts company with sustainable metal refining
  • Raptor Maps, a Massachusetts company with a software platform for solar assets' performance data management
  • Sublime Systems, a Massachusetts companydeveloping a breakthrough process for low-carbon cement
  • WeaveGrid, a California company working with utilities, automakers, EVSEs, and EV owners to enable and accelerate the electrification of transportation

The number of nominations from the public, a panel, i3, awards and Cleantech Group totaled 25,435 from over 65 countries, which is a 61% increase from the 2023 nomination process. Winners were chosen from a short list of 330 companies by a panel of over 80 industry experts.

While not on the list, Beaumont-based Fortress Energy was mentioned for its electrolyzer supply agreement with Cleantech Group 100 winner Electric Hydrogen.

The Cleantech Group 100 was started 15 years ago.

“In 15 more years, we will be at 2039—by which time, a mere decade out from the ‘net-zero’ target of 2050,” Cleantech Group CEO Richard Youngman says in the report. “I would expect the composition of our annual list to have markedly changed again, and the leading upcoming private companies of that time to reflect such.”

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A View From HETI

Houston-based Rice Alliance Clean Energy Accelerator, as well as Activate Global 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 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.

"We are celebrating this year's Strategic Award winners and looking forward to Camp Cleantech," says Robyn Luhning, chief sustainability officer at Wells Fargo, in a news release. "As the real economy demands more lower-carbon solutions, Wells Fargo continues to support the scaling of new solutions for a successful shift to a low-carbon economy."

Registration for the event opens May 1. A full itinerary is available online.

The selected participants represent IN²'s broader goals of diversity, equity, and inclusion, per the release.

"The significance of this year's awards goes beyond the recognition of innovation; it embodies a concerted effort to elevate collaboration and engagement across the board," adds Sarah Derdowski, IN² program director at NREL. "Through Camp Cleantech, we're setting a new standard in how we gather, inspire, and propel our community forward."

Around $435,000 of the funding will go toward select recipients who will receive additional follow-on funding to enhance and expand their workshop content and insights towards entrepreneurs in their local networks.

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