ADVERTISEABOUT USSUBMIT A STORYSUBSCRIBETERMS OF USEPRIVACY POLICY
Visit our family of Brands

top honor

Houston unicorn startup named North American Company of the Year by cleantech firm

John Egan
Feb 6, 2025, 1:03 pm
Fervo Energy has been named North American Company of the Year, and two other Houston companies made the Global Cleantech 100 list. Photo via fervoenergy.com

Houston-based geothermal energy startup Fervo Energy has been named North American Company of the Year by research and consulting firm Cleantech Group.

Fervo appears on this year’s Global Cleantech 100, Cleantech Group’s annual list of the world’s most innovative and promising cleantech companies

Houston companies Syzygy Plasmonics and Vaulted Deep also made the Global Cleantech 100 list this year.

“These innovators give us reasons to be optimistic about the future. Their groundbreaking work demonstrates that progress toward net zero remains possible and inspires us to double down on the challenge of addressing climate change,” says Richard Youngman, CEO of Cleantech Group.

Fervo was honored during a Jan. 27 awards dinner at Cleantech Forum North America, an event hosted by Cleantech Group. Co-founder and CEO Tim Latimer accepted the North American Company of the Year award on behalf of Fervo.

“We have always been honored to be part of the Global Cleantech 100,” Latimer says in a LinkedIn post. “Being recognized for the fourth consecutive year and named the ‘North American Company of the Year’ is a testament to our relentless pursuit of innovation in the energy sector. The demand for clean, firm power has never been more urgent, and we are proud to lead the way.”

Founded in 2017, Fervo is now a unicorn, meaning its valuation as a private company has surpassed $1 billion. The startup’s valuation is estimated at $1.4 billion. According to PitchBook data, the company raised $634 million in VC funding in Q4. Read more here.

From Your Site Articles
richard youngmansyzygy plasmonicstim latimervaulted deepglobal cleantech 100north american company of the yearfervo energy

Trending News

fresh funding

Houston cleantech startup closes $17M round to tap into hot geothermal sector

Ammonia Acquisition

Texas City ammonia plant acquired by Yara in $1.3 billion deal

where to work

13 Houston energy sector companies make U.S. News' best places to work

A View From HETI

The View from HETI

How Mitsubishi Heavy Industries America is advancing the hydrogen economy

The View from HETI

Shell expands lower-carbon energy solutions while cutting emissions

The View from HETI

3 strategies to strengthen the Gulf Coast as a global energy hub

Making Moves

KBR appoints C-suite duo to lead forthcoming spinoff

Michael LaRouche will join the KBR spinoff as CEO. Nicholas Veasey will join as CFO. Photos courtesy KBR.

In advance of the spinoff of its Mission Technology Solutions unit, Houston-based KBR has made two C-suite hires for the new business.

Michael LaRouche is coming aboard as president and CEO of the spinoff, currently called SpinCo, on Sept. 26. Nicholas Veasey joined as executive vice president and chief financial officer earlier this month, on July 1.

“Michael and Nick bring a highly complementary combination of operational leadership, financial expertise, and mission-driven experience, and together they will accelerate our impact for stakeholders,” Stuart Bradie, chairman, president and CEO of publicly traded KBR, said in a news release.

LaRouche currently is CEO of Serco North America, a Herndon, Virginia-based government services contractor. Veasey most recently was CFO of MAG Aerospace, a Fairfax, Virginia-based defense contractor.

SpinCo, a government services contractor, will launch with more than $5.3 billion in annual revenue and 20,000 employees. KBR’s total headcount is around 36,000. Branding for SpinCo, including a formal name, will be revealed in July.

“SpinCo is positioned as a top-tier provider of differentiated technology solutions, anchored by deep mission expertise, global scale, and a relentless commitment to delivering for our customers,” LaRouche says.

After the spinoff, the slimmed-down KBR will focus on its Sustainable Technology Solutions business, a provider of energy and industrial technology that generated $2.5 billion in revenue in 2025 and is designed to reduce carbon emissions and support energy transition efforts. Bradie will remain chairman, president and CEO of the business.

Both SpinCo and the new KBR will be public companies. The spinoff is scheduled to be completed in January 2027.

---

This article first appeared on InnovationMap.com.

From Your Site Articles
new hirespinoffkbr

Trending News

fresh funding

Houston cleantech startup closes $17M round to tap into hot geothermal sector

Ammonia Acquisition

Texas City ammonia plant acquired by Yara in $1.3 billion deal

where to work

13 Houston energy sector companies make U.S. News' best places to work