top project

Houston energy leader wins hydrogen program's competition

The University of Houston's new hydrogen program selected an Houston executive's team as the top project of the course. Photo via Getty Images

An executive from Houston-based SCS Technologies is celebrating a win from his time at the University of Houston Hydrogen Economy Program.

Cody Johnson, CEO of SCS Technologies, a provider of CO2 measurement systems, petroleum LACT units, and methane vapor recovery units, was on the winning 2024 Spring Capstone Project team for the UH program with the project, "Business Roadmap for Utilizing Hydrogen in Houston." The presentation outlined possible profits of $1.8 billion over the contract life with $180 million in green H2 investments.

The winning capstone project demonstrated the implementation of decarbonization processes. It included the enhancement of “capacity utilization in existing industrial hydrogen production along the Houston Ship Channel through amine capture technology,” according to a news release.

The team also identified business opportunities in producing ammonia as a liquid carrier by using the Haber-Bosch process that would leverage maritime ammonia tanker fleets to ship to Western Europe and Northeast Asia markets.

"It was an honor to collaborate with my Hydrogen Economy Program teammates to explore business opportunities using existing technologies to produce clean hydrogen and reinvest profits to further advance decarbonization efforts in the future," Johnson says in a news release. "I extend my gratitude to the University of Houston for assembling top-notch resources on the critical topic of clean hydrogen production. By bringing together students, corporate leaders, engineers, and scientists, we are able to join forces to accelerate the renewable hydrogen economy."

Cody Johnson is the CEO of SCS Technologies, a provider of CO2 measurement systems, petroleum LACT units, and methane vapor recovery units. Photo courtesy of SCS

UH’s Hydrogen Economy Program helps energy professionals and students strategically at the world’s energy hub in the Houston area. The program provides a forum for information from faculty and industry leaders. Participants in the University of Houston Hydrogen Economy Program can develop a capstone project by using knowledge from the completed course and then present a business plan for a clean hydrogen start-up venture. The projects were evaluated by a panel of judges after class presentations.

"At the University of Houston, we are committed to advancing the energy transition by bringing diverse skills and knowledge together," Alan Rossiter, executive director of external relations and educational program development for UH Energy, says in a news release. "The Hydrogen Economy Program is one of the many ways we achieve this. With the new cohort beginning in August and registration now open, we look forward to working with a new group of passionate, curious, and intelligent energy professionals and students."

The Hydrogen Economy is a part of UH Energy's Sustainable Energy Development portfolio. The Hydrogen Economy Program is a joint effort by UH and the American Institute of Chemical Engineers.

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fresh funding

Fervo Energy closes $462M series E

Fervo Energy has closed its latest oversubscribed fundraising round. Photo via Fervo Energy

Houston-based geothermal energy company Fervo Energy has closed an oversubscribed $462 million series E funding round, led by new investor B Capital.

“Fervo is setting the pace for the next era of clean, affordable, and reliable power in the U.S.,” Jeff Johnson, general partner at B Capital, said in a news release. “With surging demand from AI and electrification, the grid urgently needs scalable, always-on solutions, and we believe enhanced geothermal energy is uniquely positioned to deliver. We’re proud to support a team with the technical leadership, commercial traction, and leading execution capabilities to bring the world’s largest next-generation geothermal project online and make 24/7 carbon-free power a reality.”

The financing reflects “strong market confidence in Fervo’s opportunity to make geothermal energy a cornerstone of the 24/7 carbon-free power future,” according to the company. The round also included participation from Google, a longtime Fervo Partner, and other new and returning investors like Devon Energy, Mitsui & Co., Ltd., Mitsubishi Heavy Industries and Centaurus Capital. Centaurus Capital also recently committed $75 million in preferred equity to support the construction of Cape Station Phase I, Fervo noted in the release.

The latest funding will support the continued buildout of Fervo’s Utah-based Cape Station development, which is slated to start delivering 100 MW of clean power to the grid beginning in 2026. Cape Station is expected to be the world's largest next-generation geothermal development, according to Fervo. The development of several other projects will also be included in the new round of funding.

“This funding sharpens our path from breakthrough technology to large-scale deployment at Cape Station and beyond,” Tim Latimer, CEO and co-founder of Fervo, added in the news release. “We’re building the clean, firm power fleet the next decade requires, and we’re doing it now.”

Fervo recently won Scaleup of the Year at the 2025 Houston Innovation Awards, and previously raised $205.6 million in capital to help finance the Cape Station earlier this year. The company fully contracted the project's capacity with the addition of a major power purchase agreement from Shell this spring. Fervo’s valuation has been estimated at $1.4 billion and includes investments and support from Bill Gates.

“This new investment makes one thing clear: the time for geothermal is now,” Latimer added in a LinkedIn post. “The world desperately needs new power sources, and with geothermal, that power is clean and reliable. We are ready to meet the moment, and thrilled to have so many great partners on board.”

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