ready to pitch

Houston startup selected for inaugural climatetech global entrepreneur competition

Syzygy Plasmonics is going to be competing in Gastech's new startup competition. Photo via Getty Images

A global natural gas, LNG, hydrogen, low-carbon solutions, and climate technology convention is coming to Houston next month — but only one Houston startup is geared up for the event's new startup competition.

Gastech invited 20 promising companies for its inaugural Gastech Start-Up Competition, and 11 companies have signed on to participate so far. Houston-based Syzygy Plasmonics, which created and is scaling a sustainable photocatalytic reactor, is currently the only local company among the participants.

“Gastech's focus on creating a low-carbon, affordable energy future aligns perfectly with Syzygy's drive to produce low-carbon, low-cost hydrogen, liquid fuels, and syngas," Syzygy Plasmonics CEO Trevor Best says. "We can't wait to represent Houston as the only startup from the area to be included among the 11 finalists in the Gastech Climatetech Global Entrepreneur Competition.”

It's the first year Gastech, which was announced to be returning to Houston last year, is hosting the competition, which invited startups from the Gastech Hydrogen and Climatetech & AI hubs. The program will allow the participants to promote their projects, benchmark in a competitive setting, and receive critical feedback from experts.

The selected companies are innovating scalable solutions across technologies in climatetech, alternative fuels, industrial decarbonization, AI, hydrogen, and more. Each company will have five minutes to pitch and three minutes of feedback. The winner receives the Gastech 2024 Leading Start-up Trophy.

“We were very impressed by the ability of Syzygy to provide deep decarbonization technology which hit the mark on each of the requirements above – we hadn’t seen it before at Gastech and there is real potential to deliver at scale,” Simon Ford, vice president at Gastech, says.

The other selected and confirmed companies are:

  • General Galactic
  • Element One
  • Stars Technology
  • Modcon System
  • Fluid-7
  • Divigas
  • Gusty.ai
  • Omega Black
  • Kayrros
  • Mitis

The competition is in partnership with Houston Energy Transition Initiative and will take place beginning at 1:30 pm on Wednesday, September 18. Networking will follow the competition. Judges include Jane Stricker of the Houston Energy Transition Initiative, Mahdi Aladel and/or Bruce Niven of Aramco Ventures, and Daniel Palmer of Climate Investment.

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A View From HETI

SunPower is expanding its solar and VPP business in Texas. Photo via Unsplash

Utah-based solar technology and battery storage company SunPower has announced its expansion into Texas by acquiring “prime project assets” from Houston installer Green Light Solar.

As part of the deal, Green Light Solar CEO James Garrett will lead SunPower’s U.S. installation group. Garrett is based in the Houston area, according to LinkedIn.

Green Light Solar focuses on residential and commercial solar installations, battery backups and whole-home generators throughout Texas, Louisiana, Oklahoma and Colorado. As of press time, SunPower had not disclosed which specific projects or assets were included in the acquisition.

In addition to the Green Light acquisition, SunPower also announced its second strategic partnership with Fort Worth-based SOLRITE Energy, which provides solar and battery project financing and virtual power plant capabilities.

Through the partnership, SunPower plans to expand its residential solar and battery storage business and grow its virtual power plant (VPP) network in Texas.

A virtual power plant is a network of connected energy sources that can supply electricity to the grid when demand is high. The network draws on energy stored in individual residential and commercial battery systems. VPPs can also help participating homeowners generate additional revenue by selling their stored power.

“SOLRITE not only sources projects to us but also provides project funding for innovative systems with large batteries connected to a VPP, enabling power sales into the open market,” T. J. Rodgers, SunPower CEO, said in a news release. “That VPP capability provides an extra source of income that SOLRITE shares with homeowners and EPCs, making SOLRITE an attractive partner.”

SunPower will bring its sales, installation and lifetime warranty support to the partnership, while SOLRITE will provide its virtual power plant platform and solar financing capabilities, according to the release.

"Building our VPP business is a key part of SunPower’s growth strategy going forward,” Kapil Rai, EVP of Direct at SunPower, added in the release. “Our partnership with SOLRITE gives us a path to bring together customer acquisition, solar, storage deployment, and financing to develop this business in Texas and beyond.”

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