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3 things to know this week in Houston's energy transition ecosystem

A geothermal startup from Houston made a global list of climate tech companies to watch — and more things to know this week. Photo via Getty Images

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

Photo via fervoenergy.com

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

People huddled in groups for networking

Photo via Getty Images

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

Photo via Getty Images

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.

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A View From HETI

A new report estimates that more than 90 percent of data center-related carbon dioxide emissions could potentially be mitigated through carbon capture and storage. Photo via Unsplash

A new study out of Rice University points to carbon capture and storage methods as pivotal solutions to addressing emissions from AI-driven data centers.

The study was authored by Hon Chung Lau, an adjunct professor in the Department of Chemical and Biomolecular Engineering at Rice University and founder of Low Carbon Energies LLC, and Steve C. Tsai, an energy transition consultant at Low Carbon Energies LLC, and published in the journal Energy & Fuels.

According to the study, U.S. data center power capacity could more than quadruple in five years, growing from 40 gigawatts in 2025 to 169 gigawatts by 2030. Without proper regulation of emissions, the report estimates that carbon dioxide produced by fossil-fuel power plants supplying electricity to data centers could grow at the same scale, increasing from 90 million metric tons to more than 404 million metric tons over the same time period.

The researchers analyzed publicly available data on announced U.S. data centers, which included energy sources, locations, and projected power capacity before estimating data center-related carbon emissions based on each state’s electricity mix. From there, they examined whether those emissions could be captured and stored underground in saline aquifers.

The team estimates that 34 states have enough saline aquifer storage capacity to store more than 100 years of projected data center-related carbon dioxide emissions beyond 2030. Aquifers could store an estimated 59 million metric tons of data center-related carbon dioxide, or about 66 percent of the sector’s emissions in 2025. However, that calculation could grow to 299 million metric tons, or about 74 percent of projected data center-related emissions by 2030.

The researchers found that more than 90 percent of data center-related carbon dioxide emissions could potentially be mitigated through carbon capture and storage when out-of-state storage options are included, even though they note that carbon capture isn’t the only solution.

“It does show that the geology exists to make a meaningful impact, especially in states where data center growth is strongest,” Lau said in a news release.

Rapid growth in states including Texas, Virginia, Pennsylvania, Ohio, Arizona, Colorado, Utah and Illinois was considered in the study. According to the findings, Texas would need to add 25 gigawatts of power capacity by 2030 to meet projected data center demand, as data centers require reliable electricity 24/7.

“Data centers are becoming one of the defining energy challenges of the AI era,” Lau added in the news release. “The question is not only whether we can build enough computing infrastructure, but whether we can power it in a way that is reliable, affordable and compatible with decarbonization goals.”

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