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Acquisitions and agreements fuel Houston energy news to know right now

Devon Energy will buy Houston-based Coterra Energy. Photo via Coterra Energy

Editor's note: The top Houston energy news for the first half of February includes acquisitions, agreements, and must-attend events. Below are the five most-read EnergyCapitalHTX stories from Feb. 1-15, 2026:

Here are 5 must-attend Houston energy events for February 2026

Acquisitions and agreements fuel the top Houston energy news to knowCatch up on our top news for the first half of February. Courtesy photo

The second half of February is buzzing with must-attend events for those in the Houston energy sector. We've rounded up a host of events to put on your calendar for the month, with topics ranging from AI in energy to emissions management for a sustainable future. Continue reading.

ERCOT to capture big share of U.S. solar power growth through 2027

A new report predicts solar power supplied to the ERCOT grid will jump by 89 percent by the end of 2027. Photo by Red Zeppelin/Pexels

Much of the country’s growth in utility-scale solar power generation will happen in the grid operated by the Electric Reliability Council of Texas (ERCOT), according to a new forecast. Continue reading.

Syzygy inks long-term offtake agreement for first commercial SAF plant

Syzygy Plasmonics has secured an offtake agreement for 100% of the production from its first commercial SAF plant. Photo courtesy of Syzygy.

Houston-based Syzygy Plasmonics has secured a six-year official offtake agreement for the entire production volume of its first commercial-scale biogas-to-sustainable aviation fuel project in Uruguay, known as NovaSAF-1. Continue reading.

Spring-based private equity firm acquires West Texas wind farm

Spring-based Arroyo Investors has purchased Whirlwind Energy Center in Amarillo, Texas. Photo by Sam LaRussa on Unsplash.

Spring-based private equity firm Arroyo Investors has teamed up with ONCEnergy, a Portland, Oregon-based developer of clean energy projects, to buy a 60-megawatt wind farm southeast of Amarillo. Continue reading.

$21.5 billion merger will create Houston-based energy powerhouse

Devon Energy will buy Houston-based Coterra Energy. Photo via Coterra Energy

Oklahoma City, Oklahoma-based Devon Energy has agreed to buy Houston-based Coterra Energy in a $21.5 billion all-stock deal, forming an energy powerhouse that will be headquartered in Houston. The combined company, boasting an enterprise value of $58 billion, will adopt the Devon brand name. Continue reading.

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A View From HETI

The company is known for its Orbital AI platform, which is tailored for the energy sector. Photo via solutions.kbr.com

London-based AI firm Applied Computing has announced a $20 million Series A round and a new office in Houston.

The new Bayou City office is Applied Computing’s first in the United States and part of its North American expansion. The company is known for its Orbital AI platform, which is tailored for energy operations.

The funding round was led by Houston-based KBR Inc., with participation from San Francisco-based Databricks Ventures. KBR’s investment was first announced in March.

KBR and Applied Computing have also entered into a multi-year agreement to deliver exclusive AI products for the energy sector. KBR already has integrated Orbital into its INSITE 3.0 platform for energy projects, and is also using the product for ammonia production.

Applied Computing’s Orbital platform combines physics-grounded intelligence with models across chemical engineering, time-series forecasting and language, according to the company. The system analyzes sensor readings and can recognize a facility’s equipment constraints and operator activity. The platform can also allow technicians to run simulations of how a change to a facility could affect the rest of its operations.

According to TechCrunch, Applied Computing will use the $20 million to further explore projects and deployments with the energy sector, hire engineering and research positions, and continue to expand internationally, potentially into the Middle East.

The company is also working on deals with a major U.S. stream operator, TechCrunch reports. And Applied Computing shared on LinkedIn that it plans to announce its first partnership with a major European oil company in the coming weeks.

“Yesterday we showed Orbital live in deployments at our demo day at the Energy Institute in London,” Callum Adamson, CEO and co-founder of Applied Computing, posted on LinkedIn on July 16. “Today, we're announcing the capital to scale it globally as well as the launch of our new offices in Houston and Bangalore. In the weeks following, there will be more announcements on our progress, partnerships and deployments.”

The company opened its Bangalore offices in December.

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This article originally appeared on our sister site, InnovationMap.com.

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