getting recognized
2 Houston cleantech companies rank on most innovative energy companies lists
A pair of Houston energy startups have been named among the 10 most innovative energy companies for 2024.
Fast Company magazine just placed Fervo Energy and Syzygy Plasmonics on its energy innovation list. In all, 606 companies and organizations across a variety of industries were recognized for “reshaping industries and culture.”
Fervo produces carbon-free geothermal energy. Its existing geothermal project is in Nevada, and it’s building a geothermal project in Utah. The company recently raised $244 million.
“Solar and wind are cheap, but they don’t provide the kind of always-on dispatchable electricity that hydropower, hydrogen, and nuclear do; even at current high prices, enhanced geothermal is still cheaper than those other sources,” Fast Company notes.
The Fast Company accolade comes shortly after Time and Statista named Fervo one of the top greentech companies for 2024.
By relying on light rather than combustion to generate chemical reactions, Syzygy is taking on the use of fossil fuels in the chemical industry, Fast Company points out. Fossil fuels account for about 18 percent of the world’s industrial CO2 emissions.
Fast Company outlines some of Syzygy’s accomplishments in 2023:
- Gained an undisclosed amount of funding from Mitsubishi Heavy Industries.
- Completed its Pearland manufacturing facility.
- Wrapped up 1,000 cumulative hours of testing on its ammonia-splitting reactor cell, capable of producing 200 kilograms of hydrogen per day.
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This article originally ran on InnovationMap.