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Houston startup secures $5M to turn oilfield wastewater into critical minerals

fresh funding

The company's technology extracts critical minerals like iodine, lithium and copper from oilfield-produced water. Photo courtesy Altillion

Houston-based startup Altillion has secured $5 million in seed funding to accelerate the commercialization of its proprietary IRIS and ALIX technologies, which convert oilfield-produced water into valuable minerals.

San Francisco-based EIC Rose Rock and Houston-based Flathead Forge led the round. Altillion says the funding will go toward pilot facilities and commercial deployments as the company looks to scale in the U.S.

“Altillion’s efficient and scalable technologies are needed more than ever to reshape critical mineral recovery and facilitate beneficial use of oilfield brines,” Jay Keener, Altillion’s CEO and co-founder, said in a news release. “We’re uniquely positioned to provide a stable, domestic supply of the critical minerals needed for electronics, batteries, healthcare and national defense technologies. This investment from EIC Rose Rock and Flathead Forge enables us to strategically accelerate this impact and is very timely given the current geopolitical dynamics.”

Altillion's IRIS and ALIX platforms extract minerals like iodine, lithium and copper from oilfield-produced water, geothermal brines and salars. This process allows companies to unlock new sources of revenue while also boosting the domestic critical minerals supply chain. The company announced earlier this summer that it will launch a feasibility project in the Permian Basin and aims to develop a path to commercial-scale implementation in the field.

“We are excited to partner with Altillion to scale and deploy these world-class technologies to access the vast wealth hidden in wastewater,” David Clouse, Managing Director of EIC Rose Rock, added in the release. “With Altillion, we’re expanding our ability to empower the energy industry to domestically source the critical minerals America needs for a robust economy and supply chain.”

Altillion was founded by Keener and COO Scott Buckwald in 2023. Keener previously founded KDH Trading, where Buckwald also serves as COO, according to his LinkedIn page.

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Babur Ozden is the founder and CEO of Aquanta Vision. Photo via LinkedIn

Houston startup nets new funding to accelerate methane leak detection

fresh funding

Houston climatech startup Aquanta Vision has secured pre-seed funding to accelerate the commercialization of its methane leak detection software.

EIC Rose Rock participated in the round, joining investors like Marathon Petroleum Corporation, Chevron Technology Ventures, Ecosphere Ventures, and Odyssey Energy Advisors. The investment follows successful field trials for Aquanta Vision’s optical gas imaging (OGI) detection software, according to the company.

“This investment highlights our shared excitement as our patented novel technology improves detection levels for OGI camera operators,” Babur Ozden, Aquanta Vision’s CEO and founder, said in a news release. “The funding from EIC Rose Rock enables us to strategically accelerate this impact.”

Aquanta Vision’s OGI technology features an automated detection layer through an add-on app that improves methane detectability without requiring new hardware. It installs in minutes, runs locally and provides real-time, in-flight plume visualization for inspections with drone-mounted and handheld cameras.

“We are excited to partner with Aquanta Vision to scale and deploy this world-class technology that enables the energy industry to continue to deliver the secure, reliable and affordable energy that drives the American economy,” David Clouse, managing director of the EIC Rose Rock fund, added in the news release.

The company has partnered with Teledyne Flir and Sierra Olympia, makers of one of the world’s largest deployed fleet of handheld and drone-mounted optical gas imaging cameras used in industrial inspections. AquantaVision is now working with Teledyne Flir’s product team, as well as Sierra Olympia and its OEM partners.

Aquanta Vision has estimated that methane leaks cost the U.S. energy industry billions of dollars each year, with 60 percent of leaks going undetected, and methane leaks accounting for around 10 percent of natural gas's contribution to climate change, according to MIT’s climate portal.

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Houston’s power advantage: Key takeaways from 2026 HETI Power Summit

The view from heti

Power has become a defining economic development issue as electricity demand rises across Texas.

Industrial expansion, advanced manufacturing, AI and data center growth are increasing the importance of reliable, affordable power delivered on the timelines major projects require.

The 2026 HETI Power Summit, titled Houston’s Power Advantage: Competing for Large-Load Growth, brought together leaders from utilities, power producers, large energy customers, technology and infrastructure providers, professional services firms and the public sector to examine how Houston can meet this moment.

Across keynotes, research report-outs, panel discussions and a fireside chat, a consistent theme emerged: Houston’s power advantage comes from the region’s ability to align utilities, customers, infrastructure, flexible demand, emerging solutions and regional partners around reliable, affordable and timely growth.

Reliability and Readiness

Public Utility Commission of Texas Commissioner Kathleen Jackson opened the summit by emphasizing reliability as the foundation for continued growth as Texas electricity demand rises.

Commissioner Jackson underscored the importance of sustained planning and investment to support new industrial, manufacturing and digital demand while maintaining a reliable power system. Remarks framed the morning’s broader discussion of how Houston can pair reliability with speed, affordability and long-term system readiness.

Scott Cockerham of FTI Consulting previewed HETI and FTI’s “Texas Power Market & Industry Assessment”. The research identifies accessibility, reliability, affordability, market flexibility and infrastructure readiness as key dimensions of regional competitiveness.

Leaders from FTI Consulting, Kroll, AWS and Constellation also discussed factors shaping major investment decisions, including reliability, infrastructure timelines, cost certainty, site readiness, community support and regional coordination.

For large customers, these factors must translate into credible project-level execution. Confidence in system performance, energization timelines and infrastructure plans can materially influence major capital commitments.

Building for the Houston We Want to Become

Jason Ryan of CenterPoint Energy challenged participants to plan now for the infrastructure needed to support Houston’s next phase of growth. Drawing on the idea that “what got you here won’t get you there,” Ryan urged the region to build infrastructure for “the Houston we want to become” and stay ahead of large-load demand.

A fireside discussion between CenterPoint Energy and Foxconn brought that challenge to the customer level. The conversation explored how early coordination between utilities and large customers can help advanced manufacturing projects move from site selection and planning to construction and operation.

Long-term growth will require continued investment in generation, transmission and distribution. In the near term, better use of existing infrastructure can create additional capacity.

HETI also shared findings from its Role of Efficiency & Demand Response to Meet Near-Term Regional Power Demand report. Energy efficiency can lower baseline electricity use, while demand response can shift or reduce demand during critical periods. Combined with supply-side investment, these tools can create grid headroom as longer-term infrastructure advances.

The summit’s closing panel, featuring leaders from Amperon, Enchanted Rock, EY and Quanta Services, expanded the discussion to emerging solutions. Panelists explored modular and flexible generation, advanced forecasting, grid intelligence and greater coordination among utilities, customers, infrastructure providers and communities.

Houston’s broader regional power landscape adds another dimension. Entergy Texas President and CEO Eli Viamontes described Southeast Texas as experiencing an “extraordinary trifecta of residential, industrial and data center growth.” His remarks highlighted how the MISO-facing portion of the region complements Houston’s ERCOT strengths through utility planning, generation and infrastructure investment, resource adequacy and coordination with major industrial customers.

Together, these approaches point to a broader strategy: invest for long-term demand while using flexibility, technology and regional coordination to create capacity for growth today.

From Power Advantage to Economic Advantage

Taken together, the Power Summit discussions point to a clear priority for Houston: translating power market and infrastructure strengths into coordinated execution.

Priority areas include earlier infrastructure planning, stronger site and project readiness, clearer pathways from projected demand to reliably served load, expanded efficiency and flexibility, and sustained coordination among utilities, customers, policymakers, communities, technology providers and economic development organizations.

HETI is advancing this work through research and convening efforts focused on Houston’s evolving power needs and economic competitiveness.

The 2026 Power Summit reinforced Houston’s strong foundation for power-intensive growth and the importance of aligning investment, reliability, flexibility and regional coordination around the next generation of economic opportunity.

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This article originally appeared on the Greater Houston Partnership's Houston Energy Transition Initiative blog. HETI exists to support Houston's future as an energy leader. Gain more insights from HETI’s Energy Efficiency and Demand Response Report.

Houston geothermal companies secure more than $45M in DOE funding

geothermal boost

Three Houston-based companies—Fervo Energy, Quaise Energy and XGS Energy—have been selected by the U.S. Department of Energy to advance geothermal technologies and field tests.

Combined, the companies will receive more than $45 million in funding from the DOE's Next-Generation Geothermal Field Tests and Geothermal Resource Characterization and Confirmation initiative. The projects were among 21 selected from around the country to receive a total of $99 million.

Fervo was selected to conduct two projects under the initiative for approximately $20 million in funding. For the first project, the geothermal unicorn, which achieved first power at its flagship geothermal plant last week, will drill and complete enhanced geothermal systems (EGS) wells in Elmore County, Idaho, and will deploy high-temperature seismic monitoring technology at record-high temperatures at or above 200°C.

For the second project, the company will conduct an appraisal drilling campaign at a "high-priority" site in Humboldt County, Nevada, to confirm if the reservoir is suitable for EGS development.

“We are grateful to the Department of Energy for funding these grants. We believe this is a clear indication from the federal government that expanding geothermal energy to new states is a national priority,” Jack Norbeck, CTO and co-founder of Fervo Energy, said in a news release. “We expect this funding to accelerate Fervo’s pipeline and advance the cutting edge of geothermal technologies.”

Fresh off a $180 million Series B, Quaise Energy also received $25 million in DOE funding through the initiative to support its Project Obsidian super hot geothermal plant in Central Oregon. The funding will go toward the analysis of the drilling, stimulation and flow results of the first two wells at the Project Obsidian site, which will help the company optimize its third well on site.

“This DOE support is a recognition of what we are building at Quaise and the progress we are making in the field, including the confirmation well currently being drilled at Project Obsidian,” Carlos Araque, CEO and president of Quaise, said in a release. “Our ambition has always been to make superhot geothermal a commercial reality, and Project Obsidian is where we first deliver on that promise.”

XGS Energy, which recently relocated its headquarters from Palo Alto, California, to Houston, was also selected for an exploration drilling project. The company will drill a deep vertical appraisal well in Socorro County, New Mexico, to determine if the site is a viable source of geothermal energy. XGS had not disclosed a funding estimate at press time.

The full value of the proposed DOE funding is subject to completion of award negotiations, according to Quaise.

Data from these projects will be shared through DOE’s Geothermal Data Repository (GDR), providing valuable information to researchers and stakeholders in the geothermal sector.

“This is an excellent example of how public and private entities can partner together to scale critical energy technologies,” Tim Latimer, CEO and co-founder of Fervo, added in a release. “With this funding, the Department of Energy is making important investments to help Americans across the country gain access to clean, affordable geothermal energy.”

Other geothermal companies and institutions from around the country will complete the 17 remaining projects. They include:

  • Denver-based 400C Energy Inc.
  • Salt Lake City-based AlterG Resources
  • Denver-based DAVINCI EP LLC
  • Anchorage-based GeoAlaska LLC
  • Oklahoma City-based GreenFire Energy Inc.
  • Virginia-based Hexagon Energy LLC
  • Virginia-based INTEK Inc.
  • Chicago-based Invenergy Geothermal Development LLC
  • Massachusetts-based LiPower Geothermal LLC
  • Fort Worth-based Oriah Geothermal LLC
  • Reno-based Raser Power Systems LLC
  • Santa Fe-based San Ildefonso Services LLC
  • Salt Lake City-based The University of Utah
  • Reno-based TLS Geothermics Corp.
  • Salt Lake City-based Zanskar Geothermal and Minerals

Read more about the full list of projects here.

CenterPoint gets $50M DOE grant to improve Houston power grid

grid grant

A $50 million federal grant will help Houston-based CenterPoint Energy strengthen Houston’s power grid.

The U.S. Department of Energy (DOE) grant will support power substation upgrades in the Houston area.

“Our mission is to build the most resilient coastal grid in the nation for the 2.9 million customers we proudly serve in the greater Houston area … [The grant] will directly fund industry-leading technology improvements that are expected to strengthen resiliency, reliability, and meet the growing energy needs of our region,” Jason Ryan, CenterPoint Energy’s executive vice president for regulatory services and government affairs, said in a release.

CenterPoint says the project will make it one of the first U.S. utilities to install Siemens Energy’s grid-stabilizing technology.

The project will create more than 500 construction and installation jobs, CenterPoint says.

“Generations of CenterPoint customers and families in the region will benefit from the advanced technology this grant is funding,” said Kathleen Jackson, a member of the Public Utility Commission of Texas. “And any time companies make improvements like this to their systems, the long-term impact is making the entire grid stronger for Texans.”

The $176.7 million substation project is part of CenterPoint’s Greater Houston Resiliency Initiative, which launched in 2024.

So far, the initiative has:

  • Installed nearly 82,400 storm-resilient poles and equipment
  • Trimmed and cleared more than 13,700 miles of trees and vegetation near power lines
  • Added nearly 820 grid automation and intelligence devices
  • Put more than 880 miles of power lines underground

The initiative kicked off three years after Winter Storm Uri. CenterPoint received harsh criticism for what customers complained was the utility’s slow response to the 2021 storm. Uri caused a massive power outage and at least 246 deaths across Texas.

CenterPoint blamed the Electric Reliability Council of Texas (ERCOT), which operates the power grid for most Texans, for not supplying the utility with enough electricity during and after the storm.

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