Editor's note: From NRG's new virtual power plant plans to Pelican Energy Partners' $450 million fund announcement, these are the top headlines that resonated with EnergyCapital readers on social media and daily newsletter this week.
NRG Energy partners to launch Texas' largest AI-powered virtual power plant
NRG and Renew Home expect the virtual power plant program to arrive for Texas customers in spring of 2025. Photo via Getty Images
NRG Energy is partnering with a virtual power plant company to distribute hundreds of thousands of VPP-enabled smart thermostats by 2035 in an overall effort to improve the Texas grid's resiliency and help households manage and lower their energy costs.
Renew Home will create a nearly 1 gigawatt AI-powered VPP, which will be enabled by Google Cloud technology and be the largest AI-enabled VPP in Texas. NRG and Renew Home expect the VPP program to arrive for Texas customers in spring of 2025. Continue reading.
Houston PE firm unveils oversubscribed $450M fund to advance nuclear power innovation
Pelican Energy Partners has raised more than it intended with its new nuclear-focused fund. Photo via Getty Images
Houston-based private equity firm Pelican Energy Partners has raised a $450 million fund to invest in nuclear energy services and equipment companies.
Pelican had aimed to raise $300 million for Pelican Energy Partners Base Zero LP and had imposed an initial “hard cap” of $400 million. Investors include endowments, foundations, family offices, and pension plans.
As of the fund’s closing date, the fund had wrapped up six investments, with several more deals expected to close by the end of this year. Continue reading.
Houston-area solar farm to light up Texas with clean power for 15,000 homes
Recurrent Energy's Liberty Solar project near Houston is now operational, adding 134 megawatts of clean energy capacity to power 15,000 homes annually in the MISO market. Photo via recurrentenergy.com
A clean energy developer and operator of solar and energy storage assets has announced the completion and commercial operation of a Houston-area farm that will power 15,000 homes a year.
Recurrent Energy's Liberty Solar project outside of Houston has powered on and will expand solar energy capacity in the Midcontinent Independent System Operator market. Recurrent Energy is an Austin-based a subsidiary of Canadian Solar.
“Projects like Liberty Solar are instrumental to meeting the soaring demand for electricity in Texas,” Executive Director of Texas Solar Power Association Mark Stover says in a news release. "We commend Recurrent Energy for pushing through the development process and working with corporate buyers to deliver new, predictable, clean power to the MISO region of Texas.” Continue reading.
Unlocking climate tech’s potential in Houston: What health innovation's rise can teach us
If we can channel the same sense of urgency and public commitment toward climate change as we did for health crises in the past, climate tech could overcome its current obstacles. Photo via Getty Images
Over the past several decades, climate tech has faced numerous challenges, ranging from inconsistent public support to a lack of funding from cautious investors. While grassroots organizations and climate innovators have made notable efforts to address urgent environmental issues, we have yet to see large-scale, lasting impact.
A common tendency is to compare climate tech to the rapid advancements made in digital and software technology, but perhaps a more appropriate parallel is the health tech sector, which encountered many of the same struggles in its early days.
Observing the rise of health tech and the economic and political support it received, we can uncover strategies that could stabilize and propel climate tech forward. Continue reading.
Podcast: How this Houston energy tech startup transforms innovation into scalable success
Through Dsider’s techno-economic analysis platform, Sujatha Kumar is helping startups bridge the critical gap between vision and execution, ensuring they can navigate complex markets with confidence. Photo via LinkedIn
What if the future of clean energy wasn’t just about invention, but execution? For Sujatha Kumar, CEO of Dsider, success in clean tech hinges on more than groundbreaking technology—it’s about empowering founders with the tools to make their innovations viable, scalable, and economically sound.
Through Dsider’s techno-economic analysis (TEA) platform, Kumar is helping startups bridge the critical gap between vision and execution, ensuring they can navigate complex markets with confidence.
In a recent episode of the Energy Tech Startups Podcast, Kumar shared her insights on the growing importance of TEA in the hard tech space. While clean energy innovation promises transformative solutions, the challenge lies in proving both technical feasibility and economic sustainability. Kumar argues that many early-stage founders, especially in fields like carbon capture, microgrids, and renewable energy, lack the necessary financial tools to assess market fit and long-term profitability—a gap Dsider aims to fill. Continue reading.
