team work

European co. with Houston HQ enters into collaboration to accelerate AI in energy

Two companies with big presences in Houston are collaborating to provide hybrid intelligence with AI. Photo via Getty Images

Two tech companies have teamed up to accelerate artificial intelligence adaption in the energy industry.

Houston-based Radix announced a strategic partnership with data and artificial intelligence company Cognite, a Norwegian company that's expanded to the U.S. by way of Houston, and will aim to implement AI "to streamline and contextualize data management and asset performance across oil and gas, energy, petrochemicals, and manufacturing industries,” according to a news release.

Radix is a global technology solutions company with expertise in engineering, data and software technology, and operations. The partnership allows Radix to utilize Cognite’s Industrial DataOps platform, and Cognite Data Fusion. The combination of Cognite Data Fusion’s innovative technology and Radix’s engineering intelligence will aim to tackle the problem of extracting information from large data pools in non-integrated systems.

According to Radix, the utilization of hybrid intelligence with AI to sort through data in a more refined manner, companies will be able to more intelligently isolate problem areas and work on solutions. This will help with energy optimization, mass balance for production accounting, and inventory management for critical materials according to Radix. Hybrid intelligence can also help accelerate access to data across various independent systems.

“Our partnership with Cognite has shown that we can bring our unique expertise together to empower companies with the hybrid intelligent tools they need to get to the data that becomes valuable and actionable information," Global Head of Alliances & Practices at Radix Flavio Guimarães says in a news release. “With Cognite Data Fusion, we help businesses streamline their data, thus helping to boost decision-making with real-time insights and drive cost reductions across the organization.”

With Cognite Data Fusionn’s solutions aim to enhance scalability, usability, and overall value for users and businesses, in what Radix has called an Industrial Applications Library. Some solutions will be showcased from October 14-15 at Cognite Impact 2024 in Houston, which will include an operational view on actionable insights, improvement workflows for field process, improvements and operational efficiency, OEE monitoring and control, preventative insights for monitoring.

“The Industrial Applications Library creates added value to the digital transformation journey helping companies to achieve optimal operational excellence and significant cost savings for our customers," Trudi Hable, head of strategic alliances for North America at Radix, adds. “Radix’s expertise and intelligence will ensure that real-time information is being relayed to Cognite Data Fusion in an efficient manner, allowing for the right data to be brought to the right people.”

From left to right: Trudi Hable and Flavio Guimarães of Radix and Laxmi Akkaraji of Cognite. Photos courtesy of Cognite

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A View From HETI

A rendering of a Quaise Energy geothermal plant. Rendering via quaise.com

Houston-based Quaise Energy, a producer of utility-scale geothermal power, raised $134 million in a Series B round to advance its “superhot” geothermal power plant.

Climate-focused San Francisco-based investment firm Prelude Ventures led the round, with participation from JERA Co., Japan’s largest power generation company, and Idemitsu Kosan, one of Japan’s largest energy companies. Nearly all existing investors, including cleantech-focused investment firm Safar Partners, participated in the round.

“We have backed Quaise since the beginning because we believed accessing superhot rock would unlock geothermal energy at a scale the world has never seen,” Mark Cupta, managing director at Prelude Ventures, said in a press release.

The startup expects more equity and debt deals to close “imminently.” Quaise has raised $230 million since its founding in 2018.

Quaise says some of the fresh funding will go toward building the world’s first commercial-scale “superhot” geothermal power plant —Project Obsidian in central Oregon. In addition, Quaise is earmarking money for continued development and commercialization of its millimeter-wave drilling system toward depths exceeding 5 kilometers (about 16,400 feet).

Quaise uses a millimeter-wave drilling system developed at the Massachusetts Institute of Technology to remove rock at depths and temperatures that aren’t economically feasible with conventional drilling. With this technology, Quaise can reach rock at temperatures of around 570 degrees to 930 degrees in most places worldwide, enabling construction of geothermal systems that rival fossil fuels and nuclear energy in power density and that rival renewables in cost.

“Our ambition is to power civilization with Earth's most compelling energy source. This round takes us from field-proven technology to first commercial revenues,” Carlos Araque, co-founder, president and CEO of Quaise, added in the release.

Quaise has demonstrated the capability of its millimeter-wave drilling system at its Central Texas test site, drilling more than about 330 feet through granite in 2025—the first time the technology penetrated basement rock at full scale in the field. The company is approaching a depth of about 3,300 feet at the same site.

Construction of Project Obsidian is underway at Oregon’s Deschutes National Forest. The project, which has the potential to generate gigawatt-scale power, is slated to deliver electricity to the Pacific Northwest grid by 2030.

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