Changing the Future

Major energy conference returns to Rice University with invaluable networking opportunities

Photo by Natalie Harms

The 20th Annual Rice Alliance Energy Tech Venture Forum, which unites energy ventures with industry investors, is returning Thursday, September 21, at Rice University’s Jones Graduate School of Business.

For two decades, the Energy Tech Venture Forum — hosted by the Rice Alliance for Technology and Entrepreneurship — has served as the premier conference, bringing together energy industry leaders, venture capital investors, and promising energy and cleantech ventures to propel the future of energy.

Across interactive panels, keynotes speeches, and venture pitches, attendees can explore emerging energy sources, enhancements and efficiencies within existing energy resources, and advances in clean or renewable technologies — and, perhaps most importantly, learn where investors are contributing to the acceleration of these advancements.

More than 90 startup technology ventures commercializing energy transition innovations will participate and meet investors looking for disruptive energy technologies that can accelerate clean and renewable energy.

The full list of both presenting companies and pitching startup can be found here.

Keynote speakers include:

  • Christina Karapataki, partner at Breakthrough Energy Ventures, the venture capital fund cofounded by Bill Gates
  • Scott Nyquist, vice chairman at Houston Energy Transition Initiative, founded by the Greater Houston Partnership
  • Jeff Tillery, chief operating officer at Veriten, founded by Rice alumus Maynard Holt, formerly with Tudor Pickering Holt

The event also includes pitches from Rice Alliance’s Clean Energy Accelerator Class 3 Demo Day, plus the announcement of “Most Promising Company” chosen by the energy tech industry experts and participating investors.

You'll want to register now for this invaluable conference, but if you still need some convincing then check out the forum's agenda here.

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A View From HETI

ExxonMobil Chairman and CEO Darren Woods said during the company’s recent second-quarter earnings call that the company is "concerned about the development of a broader market" for its low-carbon hydrogen plant in Baytown. Photo via exxonmobil.com

Spring-based ExxonMobil, the country’s largest oil and gas company, might delay or cancel what would be the world’s largest low-carbon hydrogen plant due to a significant change in federal law. The project carries a $7 billion price tag.

The Biden-era Inflation Reduction Act created a new 10-year incentive, the 45V tax credit, for production of clean hydrogen. But under President Trump’s "One Big Beautiful Bill Act," the window for starting construction of low-carbon hydrogen projects that qualify for the tax credit has narrowed. The Inflation Reduction Act mandated that construction start by 2033. But the Big Beautiful Bill switched the construction start time to early 2028.

“While our project can meet this timeline, we’re concerned about the development of a broader market, which is critical to transition from government incentives,” ExxonMobil Chairman and CEO Darren Woods said during the company’s recent second-quarter earnings call.

Woods said ExxonMobil is working to determine whether a combination of the 45Q tax credit for carbon capture projects and the revised 45V tax credit will help pave the way for a “broader” low-carbon hydrogen market.

“If we can’t see an eventual path to a market-driven business, we won’t move forward with the [Baytown] project,” Woods said.

“We knew that helping to establish a brand-new product and a brand-new market initially driven by government policy would not be easy or advance in a straight line,” he added.

Woods said ExxonMobil is trying to nail down sales contracts connected to the project, including exports of ammonia to Asia and Europe and sales of hydrogen in the U.S.

ExxonMobil announced in 2022 that it would build the low-carbon hydrogen plant at its refining and petrochemical complex in Baytown. The company has said the plant is slated to go online in 2027 and 2028.

As it stands now, ExxonMobil wants the Baytown plant to produce up to 1 billion cubic feet of hydrogen per day made from natural gas, and capture and store more than 98 percent of the associated carbon dioxide. The company has said the project could store as much as 10 million metric tons of CO2 per year.

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