new to the crew

Greentown Labs names GE affiliate as latest top-level partner

GE Verona joins Greentown Labs as a top-tier partner. Photo via gevernova.com

Greentown Labs, dually located in Houston and Somerville, Massachusetts, has announced its latest Terawatt Partner, which is the climatetech incubator's highest-level partnership.

Greentown Labs announced this week that GE Vernova, a global energy company that focusing on moving the energy transition through "continuing to electrify the world," has joined its top tier of partners. Greentown has over 20 of these Terawatt Partners, and GE Verona joins the ranks of Chevron, Amazon, Aramco, Microsoft, Shell, and more.

“GE Vernova embodies what we’re looking for in a partner: energy transition expertise with a deep commitment and passion for innovation, collaboration, and decarbonization,” Greentown Labs CEO and President Kevin Knobloch says in a statement. “Equally important, the team at GE Vernova has a real sense of urgency to accelerate global decarbonization and is eager to engage with our community of climatetech startups—I can’t wait to see all that we’ll accomplish together.”

GE Vernova specializes in power, wind, and electrification while keeping decarbonization at the forefront of its business. The company opened its global headquarters in Cambridge, Massachusetts just down the street from where Greentown got its start in 2011 and only a few miles from the incubator today.

“I am thrilled to join as a new partner with Greentown Labs and look to support the climatetech ecosystem in many different ways,” GE Vernova CEO Scott Strazik says in the news release. “Whether it’s innovating new technologies, the industrialization of products, or leveraging our relationships globally, we are eager to collaborate with this unique and important group of entrepreneurs, innovators, and leaders.”

With the arrangement, Limor Spector, president of Ventures and Incubation at GE Vernova, will serve on the Industry Leadership Council.

Founded in 2022, GE Verona is expected to spin off from GE in the second quarter of next year.

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A View From HETI

Ten climatetech startups were named most-promising at this annual Rice Alliance Energy Tech Venture Forum. Photo courtesy Rice Alliance.

Investors at the Rice Alliance Energy Tech Venture Forum have named the 10 most-promising startups among the group of 100 clean tech companies participating in the event.

The 22nd annual event was held yesterday, Sept. 18, at Rice University’s Jones Graduate School of Business and was part of the second Houston Energy and Climate Startup Week.

The most-promising startups will receive $7,000 in in-kind legal services from Baker Botts.

The 10 most-promising companies included:

  • Houston-based Xplorobot, which has developed laser gas imaging technology for the first handheld methane detection device approved by the EPA as an alternative test method
  • Seattle-based Badwater Alchemy, a desalination company that uses nano materials to purify saline water at a fraction of the cost of traditional methods
  • San Francisco-based Ammobia, which is developing a clean ammonia production process
  • Illinois-based Celadyne Technologies, which is building hydrogen for industrial decarbonization with durable and efficient fuel cells and electrolyzers
  • Massachusetts-based MacroCycle Technologies, which converts plastic waste in the form of bottles, food trays and polyester textiles into virgin-grade mPET resin
  • Yorkshire, England-based AtoMe, a global developer of zero-carbon fertiliser products
  • Colorado-based Advanced Thermovoltaic Systems (ATS) Energy, a renewable energy semiconductor manufacturing company
  • North Carolina-based Lukera Energy, which is converting waste methane into high-value fuel
  • Midland, Texas-based AI Driller, a company that uses AI and machine learning to enable remote operations and provide historical drilling data for survey management, anti-collision monitoring and iob reporting
  • New York-based Fast Metals Inc., which has developed a chemical process to extract valuable metals from complex toxic mine tailings that is capable of producing iron, aluminum, scandium, titanium and other rare earth elements using industrial waste and waste CO2 as inputs

Arculus Solutions won the People's Choice Award. The New Jersey-based company retrofits natural gas pipelines for safe hydrogen transportation. It also won Track A: Hydrogen, Fuel Cells, Buildings, Water, & Other Energy Solutions at the Energy Venture Day and Pitch Competition during CERAWeek earlier this year.

The 100 energy technology ventures selected to participate in the forum were named earlier this year. See the full list here.

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