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Fervo Energy adds former eBay CEO Meg Whitman, other leaders to board

power players

Meg Whitman, former CEO of eBay, Hewlett-Packard and HPE, has joined the Fervo board as lead independent director. Photo courtesy of U.S. State Department

As it prepares for a highly anticipated IPO, Houston-based geothermal power provider Fervo Energy has added four heavyweights to its board of directors.

The most notable new board member is Meg Whitman, former CEO of eBay, Hewlett-Packard, and Spring-based HPE, and former U.S. ambassador to Kenya. She joined the Fervo board as lead independent director.

One of the other high-profile new board members at Fervo is Jessica Uhl. She was chief financial officer of Shell from 2017 to 2022 and spent a little over a year as president of GE Vernova, a GE energy spinoff. She is a former board member of GE, Goldman Sachs and Shell. Today, Uhl advises investment firms on energy matters.

Another energy industry veteran, Trey Lowe, also joined the Fervo board. Lowe is senior vice president and chief technology officer at oil and gas producer Devon Energy, a Fervo investor that’s moving its headquarters from Oklahoma City to Houston. Before Devon, Lowe worked in the U.S. and Norway for Houston-based energy technology company SLB.

The fourth new director at Fervo is Robert Keehan, who spent 37 years at professional services firm PwC. He most recently was PwC’s chief global auditor and earlier was a partner in the firm’s energy practice.

Keehan and Uhl will serve as independent directors, which are non-executive governance and oversight roles, while Lowe is a non-independent director, which is a more hands-on role.

With the four new directors, Fervo has seven board members.

The arrival of the four new board members comes at a monumental time for Fervo, a provider of utility-scale geothermal energy:

“Energy markets are demanding dependable, carbon-free power at an unprecedented scale, and Fervo is uniquely positioned to supply it,” Tim Latimer, co-founder and CEO of Fervo, said in December.
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EnergyTech Nexus will move into Greentown Labs and plans to open an investor lounge on-site. Photo courtesy Greentown Labs.

Greentown and EnergyTech Nexus announce ecosystem partnership

green team

Two of Houston’s leading energy transition organizations are joining forces.

Climatetech incubator Greentown Labs and founder community EnergyTech Nexus announced a "strategic ecosystem partnership," aimed at accelerating growth for clean energy startups. EnergyTech Nexus will move into Greentown Labs and plans to open an investor lounge on-site.

“Greentown Labs is the nexus for the energy transition, where startups can gather, collaborate and grow. Positioning our own extended community within the hallowed walls of Greentown will further foster the creation of authentic connections between founders and reduce friction to critical resources, bringing the village together will only accelerate the flywheel on innovation here in Houston, Texas,” Jason Ethier, EnergyTech Nexus founding partner, said in a news release.

Additionally, EnergyTech Nexus will launch Cephyron IRM, an AI-driven investor platform that will help founders of early-stage technologies connect with sources of capital. Greentown members will be granted early access to the platform.

According to the organizations, the ecosystem partnership represents years of collaboration. Ethier, whose startup Dynamo Micropower was one of the first to join Greentown's Cambridge, Massachusetts, incubator, previously served on Greentown's board of directors and in other leadership positions. He and Juliana Garaizar, a fellow founding partner of EnergyTech Nexus, were also instrumental in bringing Greentown Labs to Houston. Garaizar has also held numerous leadership roles at Greentown Houston.

“This partnership has been a long time coming—our organizations are kindred spirits that need to be working together to enhance the entrepreneurial support systems available to climate innovators in Houston,” Lawson Gow, Greentown’s Head of Houston, added in the release. “Capital is a top priority for climate and energy founders, and this team-up will directly address this challenge.”

Interim CEO Joseph Mills, CEO of Samson Resources II since March 2017, joined Talos as a board member in March. Photo via LinkedIn

Houston energy CEO steps down, interim named

transition moves

Houston-based Talos Energy Inc. announced its transition plans for it's top executive position.

Tim Duncan stepped down from his role as president and CEO, the company announced last week. Duncan, who held the position since 2012, will be replaced by board member, Joseph A. Mills, who will serve as interim president and CEO as the Talos board of directors searches for a successor.

"On behalf of the Board and the entire Talos team, I want to express our gratitude to Tim for his invaluable contributions to the Company," Neal P. Goldman, chairman of Talos' Board of Directors, says in a news release. "We have complete confidence in Joe's capabilities to carry out Talos' strategy as we search for a new CEO to lead Talos into the future and unlock further value. Mills brings a wealth of industry experience and knowledge, boasting over 42 years in senior leadership positions and serving on the boards of both public and private companies in the oil and gas sector."

Mills, CEO of Samson Resources II since March 2017, joined Talos as a board member in March. He has 42 years of experience in oil in gas.

"I'm honored to step in as interim CEO of Talos," Mills adds. "The Board has played an active role guiding and evaluating our strategic approach, and I am confident about Talos's direction and strategy. Our commitment remains firm in delivering compelling value for our shareholders. I look forward to working closely with the Board and leadership team, drawing on their extensive knowledge to advance our strategic priorities during this transitional period."

Talos Energy is an upstream exploration and production business operating in the United States Gulf of Mexico and offshore Mexico. Talos is a part owner of the Bayou Bend CCS LLC joint venture, a carbon capture and storage project. Earlier this year, Talos made a $1.29 billion acquisition to expand deepwater assets.

The newly named interim Greentown Labs CEO is based in Boston. Photo via Greentown

Greentown Labs names interim leader as hunt for CEO continues

at the helm

Greentown Labs, after announcing its CEO is stepping down at the end of the month, has named the climatetech incubator's interim leader.

Kevin Dutt, a recently named member of Greentown's board of directors based in the Boston area, has been appointed interim CEO. The decision, made by the board, is effective July 8. Dutt is a management consultant at Sustainable Edge Consulting, as well as an environmental entrepreneur, executive, and adviser with 25 years of experience.

"We continue to believe deeply in Greentown and are proud to have one of our board members step into this role before our next long-term CEO is identified," the nonprofit writes in the announcement. "We are confident Kevin is best suited to lead Greentown through this time of transition—his experience in climate and sustainability, philanthropy, and venture will play a key role in helping seamlessly guide Greentown in the coming months."

Dutt will lead the organization, which has dual locations in Houston and Somerville, Massachusetts, following outgoing CEO and President Kevin Knobloch. Knobloch announced in May that he will be stepping down after less than a year in the position. He was named CEO last September, previously serving as chief of staff of the United States Department of Energy in President Barack Obama’s second term.

The news of Knobloch's departure came just over a month after the organization announced that it was eliminating 30 percent of its staff, which affected 12 roles in Boston and six in Houston.

Dutt is the fourth person to take the help of Greentown since Emily Reichert, who held the position from 2013 to 2022, stepped down. Prior to Knobloch's appointment, Greentown's Co-Founder Jason Hanna and former CFO Kevin T. Taylor, who each served in an interim capacity.

Three climatetech experts have joined Greentown's board. Photo via Greentown Labs

Greentown Labs names 3 new board members

onboarding

With dual locations in the Houston and Boston areas, Greentown Labs has added three new members of its board of directors.

The climatetech incubator has added the following individuals to its board:

All three of the new board members are based in the Boston area, joining 10 existing members, which includes Houstonians Barbara Burger, Dawn James, and Nisha Desai.

“On behalf of the entire Board of Directors, we enthusiastically welcome Kevin, Elizabeth, and John to Greentown Labs’ Board,” James, who serves as the board chair, says in a news release. “They each bring impressive experience and deep expertise across the climate and energy transition ecosystem that will play an important role as we chart Greentown’s next chapter of impact.”

The nonprofit has seen some big changes this year, announcing that its CEO and President Kevin Knobloch will be stepping down at the end of July. Knobloch assumed his role last September, previously serving as chief of staff of the United States Department of Energy in President Barack Obama’s second term.

The news of Knobloch's departure came several weeks after the organization announced that it was eliminating 30 percent of its staff, which affected 12 roles in Boston and six in Houston.

Maria Jelescu Dreyfus is CEO and founder of Ardinall Investment Management, which is an investment firm that works in “sustainable investing and resilient infrastructure.” Photo via ExxonMobil

ExxonMobil adds energy transition leader, investor to board

all aboard

An energy transition expert and investor has joined Houston-headquartered ExxonMobil Corp.’s board of directors.

Maria Jelescu Dreyfus is CEO and founder of Ardinall Investment Management, which is an investment firm that works in “sustainable investing and resilient infrastructure.”

She previously spent 15 years at Goldman Sachs as a portfolio manager and managing director in the Goldman Sachs Investment Partners Group that focused on energy, industrials, transportation and infrastructure investments across the capital structure.

She currently serves as a director on the board of Cadiz Inc. and on the board of CDPQ. She also works in the energy transition space as a director on several companies' boards.

“We welcome Maria to the ExxonMobil Board as the company executes its strategy to grow shareholder value by playing a critical role in a lower-emissions future, even as we continue to provide the reliable energy and products the world needs,” Joseph Hooley, lead independent director for Exxon Mobil Corporation, says in a news release. “Her deep financial background combined with her extensive work in sustainability will complement our Board’s existing skill set.”

Dreyfus is the vice chair of the advisory board of Columbia University’s Center on Global Energy Policy, and serves as co-chair of its Women in Energy program.

“With the close of our Pioneer merger, we gained a premier, tier-one Permian asset, exceptional talent and a new Board member who brings keen strategic insight,” says ExxonMobil Chairman and CEO Darren Woods in the release. “Our boardroom, shareholders and stakeholders will greatly benefit from Maria’s experience.”

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3 must-know fall application deadlines for Houston energy innovators

Editor's note: As fall reaches full swing, Houston's innovation and cleantech scene is calling on the latest batch of founders and startups looking to make a difference. A number of accelerators have opened applications. Read below to see which might be a good fit for you or your venture. And take careful note of the deadlines. Please note: this article may be updated to include additional information and programs.

Did we miss an accelerator or competition accepting applications? Email innoeditor@innovationmap.com for editorial consideration.

Greentown Lab's Go Make 2027: Advanced Carbon Materials with ExxonMobil

Deadline: Oct. 9

Details: Greentown Labs is seeking applications from startups developing novel carbon-based technologies for its latest Go Make cohort in conjunction with ExxonMobil. The structured accelerator is designed to facilitate validation activities and explore potential long-term collaborations with Exxon, according to Greentown. Founders will have the opportunity to engage directly with industry leaders to test, validate and scale their carbon technologies in real commercial contexts. The program tentatively starts on Jan. 20, 2027 and concludes June 16, 2027. Find more information here.

Activate's U.S. Fellowship Cohort 2027

Deadline: Oct. 30

Details: Activate supports scientists at "the outset of their entrepreneurial journey." It partners with U.S.-based funders and research institutions to support its fellows in developing high-impact technology. Its fellows receive a living stipend, research and development funding, connections from Activate's robust network of mentors and access to a curriculum specific to the program for two years. Applicants must have a bachelor’s degree and 4-plus years of post-baccalaureate scientific research, engineering or technology development experience. Their work must be based in the physical or biological sciences or related engineering disciplines. Find more information here.

Rice Innovation Fellows

Deadline: Oct. 30

Details: The Liu Idea Lab for Innovation and Entrepreneurship (Lilie)'s Rice Innovation Fellows program supports Rice Ph.D. students and postdocs in turning their research into real-world ventures. Participants receive $10,000 in translational research funding, co-working space and personalized mentorship. Candidates from all Rice engineering and science-related disciplines are encouraged to apply. Find more information here.

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A version of this article originally appeared on our sister site, InnovationMap.

Houston carbon removal company secures $35M in financing

national scale

Houston-based Vaulted Deep, a waste management and carbon removal company, has announced a major $35 million debt facility from Italian investment bank Mediobanca to support its national expansion.

U.K.-based market energy solutions CFP Energy arranged the deal, which is “the largest publicly disclosed U.S. commercial debt deal in durable carbon removal to be secured by long-term purchase contracts,” according to a news release from the companies.

The financing will support new waste disposal sites for Vaulted Deep and advancements of the company’s AI-enabled site development platform. The platform helps identify locations, navigate permitting and optimize injection operations. When candidates are looking for sites, the platform will pull from regulatory, geology and waste-supply data to assist, which Vaulted Deep says will help streamline the permitting process. After the site is operating, the platform helps control algorithms to maximize safe disposal capacity and monitor the process along the way.

"Waste operators across the country need new options as traditional disposal options become limited,” Julia Reichelstein, CEO and co-founder of Vaulted Deep, said in the release. “This financing lets us take on more projects and invest in the tools that help us evaluate and develop new sites faster. This is a meaningful milestone for Vaulted as we move into the next phase of building infrastructure at a much larger scale."

The deal is supported by Vaulted Deep's long-term waste service and carbon removal purchase contracts. The company says it delivered more than 20,000 tons of carbon removal to buyers in the first half of 2026, which is more than it delivered in all of 2025.

"By facilitating these types of transactions, we connect institutional capital with innovative climate technologies, helping accelerate the deployment of high-integrity carbon removal solutions,” Tyler Manchester, head of voluntary carbon for CFP Energy, added in the release. “It reflects growing investor confidence in these solutions, driven by rising demand from corporate buyers seeking permanent pathways to support net-zero commitments and long-term climate strategies."

Beyond the facility, Vaulted Deep has secured $48 million in equity financing in addition to its $8 million from the XPRIZE Carbon Removal competition, backed by Elon Musk’s charitable organization, The Musk Foundation.

The company's well injection technology is used to store organic waste deep underground in stable geologic formations. In 2025, it inked a 12-year deal with Microsoft to remove up to 4.9 million metric tons of carbon dioxide from the environment.

Houston's power future report and more top energy transition headlines

Hot News

Editor's note: It's time to look back at the top Houston energy transition news in recent weeks, from a report that examines Houston's power future, to exciting funding raises for a local startup and a member of a local incubator. Here are the five most-read EnergyCapitalHTX stories from September 16-30, 2026:

Houston’s power future: The role of energy efficiency and demand response

A new report from the Houston Energy Transition Initiative, “Role of Efficiency & Demand Response to Meet Near-Term Regional Power Demand,” examines how Houston can get more from the grid it has today. Its central finding: energy efficiency (EE) and demand response (DE) can create measurable grid “headroom” while new major infrastructure projects are being planned, financed, permitted and built. Explore the key takeaways from the report. Continue reading.

ExxonMobil secures approval for $5B East Texas carbon capture project

Spring-based ExxonMobil has won approval from the Texas Railroad Commission for a $5 billion carbon capture and storage project in East Texas. The project will enable the company to inject about 53 metric tons of industrial customers’ carbon emissions into three underground wells it drilled in the Beaumont-Port Arthur area. Over a 13-year period, ExxonMobil plans to inject about 4 million metric tons per year into the Fleming and Upper Frio rock formations, according to Carbon Herald. Continue reading.

Houston-based ‘grid in a box’ provider Branch Energy raises $33M

Houston-based startup Branch Energy, which offers a self-contained “grid in a box,” has collected $33 million in a Series B round. Piva Capital and Clean Energy Ventures led the round. Active Impact Investments, Whitecap Venture Partners, Prelude Ventures, Zero Infinity Partners and Inovia Capital also contributed to the round. In 2024, Branch raised $10.8 million in an oversubscribed Series A round. Continue reading.

Kanin Energy raises up to $100M for waste-heat-to-power projects

Kanin Energy, a member of the Greentown Labs climatech and energy incubator in Houston, recently raised as much as $100 million in capital to grow its energy-as-a-service platform. S2G Investments led a round of up to $50 million, and the Canada Growth Fund chipped in an additional $50 million. The money will primarily support Kanin’s development and operation of waste-heat-to-power projects. Continue reading.

Houston-based ENGIE wins national award for clean energy leadership

Houston-based ENGIE has been recognized for its work in the clean energy space. The battery storage and energy infrastructure company recently won the 2026 Green Power Leadership Award in the Market Innovation category for its work advancing 24/7 renewable energy solutions. The awards honor individuals and companies advancing sustainability and renewables in the energy industry through innovation and leadership. Continue reading.

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