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

SunPower is expanding its solar and VPP business in Texas. Photo via Unsplash

Utah-based solar technology and battery storage company SunPower has announced its expansion into Texas by acquiring “prime project assets” from Houston installer Green Light Solar.

As part of the deal, Green Light Solar CEO James Garrett will lead SunPower’s U.S. installation group. Garrett is based in the Houston area, according to LinkedIn.

Green Light Solar focuses on residential and commercial solar installations, battery backups and whole-home generators throughout Texas, Louisiana, Oklahoma and Colorado. As of press time, SunPower had not disclosed which specific projects or assets were included in the acquisition.

In addition to the Green Light acquisition, SunPower also announced its second strategic partnership with Fort Worth-based SOLRITE Energy, which provides solar and battery project financing and virtual power plant capabilities.

Through the partnership, SunPower plans to expand its residential solar and battery storage business and grow its virtual power plant (VPP) network in Texas.

A virtual power plant is a network of connected energy sources that can supply electricity to the grid when demand is high. The network draws on energy stored in individual residential and commercial battery systems. VPPs can also help participating homeowners generate additional revenue by selling their stored power.

“SOLRITE not only sources projects to us but also provides project funding for innovative systems with large batteries connected to a VPP, enabling power sales into the open market,” T. J. Rodgers, SunPower CEO, said in a news release. “That VPP capability provides an extra source of income that SOLRITE shares with homeowners and EPCs, making SOLRITE an attractive partner.”

SunPower will bring its sales, installation and lifetime warranty support to the partnership, while SOLRITE will provide its virtual power plant platform and solar financing capabilities, according to the release.

"Building our VPP business is a key part of SunPower’s growth strategy going forward,” Kapil Rai, EVP of Direct at SunPower, added in the release. “Our partnership with SOLRITE gives us a path to bring together customer acquisition, solar, storage deployment, and financing to develop this business in Texas and beyond.”

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