Editor's note: Dive headfirst into the new week with three quick things to catch up on in Houston's energy transition.
Gastech returns to Houston this week
Gastech, billed as the world’s largest exhibition and conference for the natural gas, LNG, hydrogen, low carbon solutions, and climate technologies, returns to Houston beginning Tuesday, September 17. It'll be the first time the event takes place in Houston since 2019.
“Gastech is a global event that draws tens of thousands of attendees and millions of dollars in economic impact to its host city, and we are incredibly excited to have in Houston," Michael Heckman, president and CEO of Houston First Corp., says in a press release announcing the news last fall.
"The conversation around the future of the energy industry is a different one today than it was just five years ago when Gastech was last here," he continues. "We believe the role Houston is playing in leading the energy transition to a low carbon future makes this an ideal place to host this important global event and we look forward to expanding on the success we had in 2019 when Gastech returns."
The program's full agenda is available online and features a series of climate-focused panels on hydrogen, carbon capture, nuclear energy, grid stability, and more.
Activate Houston opens applications for 2025 cohort
Activate's application is live from now through October 23, and all founders of early-stage, research-backed hardtech companies in Houston are encouraged to apply. Photo via Getty Images
Applications are officially open for a hardtech-focused incubation and fellowship program's second Houston cohort.
Activate's application is live from now through October 23, and all founders of early-stage, research-backed hardtech companies in Houston are encouraged to apply. The Berkley, California-based program launched in Houston last year and recently named its inaugural Houston cohort.
“The Activate Fellowship provides an opportunity for approximately 50 scientists and engineers annually to transform into entrepreneurial leaders, derisk their technologies, define first markets, build teams, and secure follow-on funding,” says Activate’s executive managing director, Aimee Rose, in a news release. “With an average 30 percent annual growth in applications since 2015, we know there is high demand for what we do, and we’re excited to see the talent and impactful ideas that come through the pipeline this year.
The application is available online, and fellows will be selected in April of next year. The 2025 program will begin in June. Read more.
Big deal: Fervo Energy secures $100M for 'world’s largest geothermal energy plant'
Fervo Energy received $100 million loan for its Utah Cape Station project. Photo via fervoenergy.com
Houston-based geothermal energy company Fervo Energy has secured a $100 million bridge loan for the first phase of its ongoing project in Utah.
The loan came from an affiliate of Irvington, New York-based X-Caliber Rural Capital. Proceeds will support construction of Fervo’s Cape Station project, which is being touted as the world’s largest geothermal energy plant.
The first phase of Cape Station, which is on track to generate 90 megawatts of renewable energy, is expected to be completed in June 2026. Ultimately, the plant is supposed to supply 400 megawatts of clean energy by 2028 for customers in California.
“Helping this significant project advance and grow in rural America is a true testament to how investing in communities and businesses not only has local influence, but can have a global, long-lasting impact by promoting sustainability and stimulating rural economies,” Jordan Blanchard, co-founder of X-Caliber Rural Capital, says. Read more.