Editor's note: It's a new week — start it strong with three quick things to know in Houston's energy transition ecosystem: solar projects makke headlines, Fervo named an energy company to keep an eye on, and more.
Fervo Energy named an energy tech startup to watch
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MIT Technology Review released its list of 15 Climate Tech Companies to Watch this year, and Fervo Energy, a Houston-based, rapidly scaling geothermal energy company made the cut.
"Fervo’s enhanced geothermal approach promises to significantly expand the areas where we could tap into the carbon-free and nearly limitless source of energy beneath our feet. Geothermal offers the added advantage of generating electricity around the clock and calendar, making it an ideal clean source to fill in the gaps as grids increasingly come to rely on fluctuating renewables like solar and wind," reads the writeup on the company.
"It could provide a much cheaper or less controversial way of fixing that fundamental challenge in cleaning up the grid than building giant battery plants or adding nuclear power reactors, respectively," the MIT Technology Review continues.
Fervo, which announced earlier this year that its commercial pilot project has resulted in continuous carbon-free geothermal energy production, has raised $187 million since it was founded in 2017.
The article points to not only the accomplishments of the startup, but also the challenges it faces, including further proving out its technology's "effectively, affordably, and consistently on larger scales."
Events not to miss
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Put these upcoming events on your radar.
- October 10-11 — SPRINT Robotics World Conference and Exhibition will show that many robots are in use and that the industry is accelerating and starting to scale. Learn more.
- October 11-12 — Hydrogen North America 2023 will showcase the hydrogen economy and provoke thought leadership from the industry's experts. Learn more.
- October 30-31 — Fuze is a must-attend event for executives, investors, and founders serious about solving the energy crisis and boosting company efficiency. Learn more.
A moment for the solar energy news
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Last week, there was a few big stories across solar energy.
- Sunnova announced a loan from the DOE for up to $5 billion. Read more.
- A Houston nonprofit powers its community outreach to Houston's food deserts with mobile solar energy. Read more.
- BP broke ground on its Texas solar farm that it plans to open next year. Read more.
