Houston energy hub announces first cohort for new accelerator

green team

Energytech Nexus has named its first COPILOT accelerator cohort. Photo via Getty Images.

Energytech Nexus, a Houston-based hub for energy startups, has named its inaugural cohort of 14 companies for the new COPILOT accelerator.

COPILOT partners with Browning the Green Space, a nonprofit that promotes diversity, equity and inclusion (DEI) in the clean energy and climatech sectors. The Wells Fargo Innovation Incubator (IN²) at the National Renewable Energy Laboratory backs the COPILOT accelerator.

The eight-month COPILOT program offers mentorship, training and networking for startups. Program participants will be tasked with developing pilot projects for their innovations.

Two Houston startups are members of the first COPILOT class:

GeoFuels, housed at Houston’s Greentown Labs, has come up with a novel approach to hydrogen production that relies on geothermal power and methane decomposition.
PolyQor, which converts plastic waste into eco-friendly construction materials. Its flagship EcoGrete product is an additive for concrete that enhances its properties while reducing carbon emissions. PolyQor’s headquarters is at Houston’s Greentown Labs.

Other members of the COPILOT cohort are:

Birmingham, Alabama-based Accelerate Wind, developer of a wind turbine for commercial buildings.
Ann Arbor, Michigan-based Aquora Biosystems, which specializes in organic waste biorefineries.
Phoenix-based EarthEn Energy, a developer of technology for thermo-mechanical energy storage.
New York City-based Electromaim, which installs small hydro-generators in buildings’ water systems.
Chandler, Arizona-based EnKoat, an advanced materials company whose flagship product, the IntelliKoat System, is a patented two-layer thermal and weather barrier roof coating for flat and low-slope commercial buildings.
Calgary, Canada-based Harber Coatings, which manufactures electroless nickel coating and electroless nickel plating.
Dallas-based Janta Power, which designs and makes 3D solar towers.
Miami-based NanoSieve, a developer of gas remediation technology.
Palo Alto, California-based Popper Power, which has developed a platform that turns streetlight networks into resilient, maintenance-free distributed charging infrastructure.
Buffalo, New York-based Siva Powers America, developer of small wind turbines for farms, utility companies and others with annual energy needs of 300,000 to 2 million kilowatt-hours.
Los Angeles-based Thermoshade, which specializes in cooling panels for outdoor environments.
Waukesha, Wisconsin-based V-Glass, Inc., developer of a vacuum-insulated glass for affordable high-efficiency windows.

“These startups reflect the future of energy access and resilience innovation,” said Juliana Garaizar, founding partner of Energytech Nexus. “By connecting them directly with partners through

COPILOT, we’re helping them overcome the ‘pilot gap’ to build solutions that scale.”

The startups will run pilot projects along the Gulf Coast for their inventions.

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Manas Pathak's insights offer a glimpse into the future of energy storage and the innovations that companies like Earthen are bringing to the table. Photo via earthen.energy

Q&A: The breakthrough energy tech that could replace batteries forever

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In the rapidly evolving world of energy technology, few innovations hold as much promise as the solutions being developed by Earthen.

We recently had the opportunity to sit down with Manas Pathak, the CEO and co-founder of Earthen, to delve into the company's groundbreaking thermo-mechanical energy storage system. In this Q&A, we explore the core of Earthen's technology, its potential impact on the energy sector, and what the future holds.

Manas Pathak's insights offer a glimpse into the future of energy storage and the innovations that companies like Earthen are bringing to the table. As the energy sector continues to evolve, solutions like these will play a pivotal role in shaping a sustainable future.

Energy Tech Startups: Can you explain the unique approach Earthen takes with its thermo-mechanical energy storage using supercritical CO2?

Manas Pathak: Certainly. At Earthen, we've developed a thermo-mechanical energy storage solution that leverages supercritical CO2. This phase of CO2, achieved at high pressures and temperatures, behaves both as a liquid and a gas. It's central to our technology, offering a compact, safe, and cost-effective solution for long-duration energy storage. Think of it as a modern take on compressed air storage but using CO2 for superior results.

Q: With so many energy storage solutions emerging, what sets Earthen's system apart in terms of efficiency?

MP: Our system boasts a competitive round-trip efficiency of 78%, which is quite remarkable. To put it in perspective, this efficiency rivals that of lithium-ion batteries. The use of supercritical CO2 is central to achieving this efficiency, allowing us to harness its unique properties for optimal energy storage and retrieval.

Q: How does Earthen's technology integrate with existing infrastructure, like pipelines?

MP: One of the exciting applications of our technology is its ability to retrofit pipelines, converting them into energy storage assets. This means that existing infrastructure, like pipelines initially designed for other purposes, can be repurposed and utilized for energy storage, maximizing the use of resources and reducing the need for new constructions.

Q: What are Earthen's plans for the future, especially in terms of product launches and market presence?

MP: We're quite ambitious about our roadmap. We aim to launch our first commercial product by 2026-2027. As for our market strategy, we're targeting a diverse range of customer segments, from utility-scale energy storage to commercial-industrial spaces. Our mission is to democratize access to clean energy on a global scale, and we're taking concrete steps to realize that vision.

Q: Lastly, what inspired the creation of Earthen and its focus on equitable energy distribution?

MP: Growing up in India, I witnessed firsthand the disparities in energy consumption. The smallest homes often faced the longest power outages. This early realization highlighted the need for equitable energy distribution. At Earthen, our end goal is to see clean electrons reaching every corner of the globe, ensuring that everyone has access to reliable and sustainable energy.

———

This conversation has been edited for brevity and clarity. Click here to listen to the full episode.

Hosted by Jason Ethier and Nada Ahmed, the Digital Wildcatters’ podcast, Energy Tech Startups, delves into Houston's pivotal role in the energy transition, spotlighting entrepreneurs and industry leaders shaping a low-carbon future. Digital Wildcatters is a Houston-based media platform and podcast network, which is home to the Energy Tech Startups podcast.

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SLB to expand data center cooling business via $4 billion acquisition

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Houston’s SLB has announced plans to acquire German thermal management and heat exchange technology organization Kelvion for approximately $4 billion.

SLB reports in a news release that the acquisition is expected to boost its Data Center Solutions business, as thermal management technologies are key to cooling artificial-intelligence-related infrastructure. Data centers continue to pose numerous challenges, but SLB believes thermal management technology can help ease energy burdens.

“Data centers are becoming more sophisticated and energy-intensive, and customers are increasingly looking for partners that can optimize how critical systems work together across the facility and help bring new capacity online faster,” Gavin Rennick, president of SLB’s New Energy and Industrial business, said in the release. “Thermal management is central to that challenge, and this acquisition allows us to address it directly by delivering more integrated cooling solutions, accelerating innovation, optimizing thermal efficiency, and more directly embedding thermal management into our modular infrastructure offering.”

SLB will acquire Kelvion from funds managed by New York-based financial services group Apollo Global Management Inc. for approximately $3.4 billion in cash and will assume about $700 million of debt, according to the release. The deal is expected to close in Q1 of 2027.

SLB says the acquisition will help it dramatically scale revenue generated by the data center sector.

“This transaction accelerates our ambition to become an industrial technology partner to the data center industry and help customers address the growing infrastructure complexity required to scale AI,” Olivier Le Peuch, CEO of SLB, added in a news release. “Kelvion advances our path toward more integrated data center infrastructure solutions, expands our addressable market — more than doubling our revenue opportunity per gigawatt of delivered capacity — and allows us to scale both our offerings and the global reach of the business.”

SLB reports that it expects its Data Center Solutions business revenues to grow by more than 90 percent annually between 2024 and 2026.

If the acquisition is approved, the combined company will target revenue of $4.5 billion to $5 billion for its data center solutions business in 2028, according to the release.

Kelvion has previously served customers in AI infrastructure, energy system transformation and energy/ industrial markets. Its past work focuses on heat pumps, renewables, carbon capture and processing solutions for thermal management. According to the news release, Kelvion's data center revenue is expected to reach about $1.2 billion in 2026, and the sector is considered the company’s "largest and fastest-growing end market.

Tesla files plans for Houston-area solar plant & more top energy news

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Editor's note: Houston energy news in August was fueled by Tesla solar plans, a massive deal for ERock, and Halliburton Labs' newest cohort. Below are the five most-read EnergyCapitalHTX stories published during the second half of the month.

Telsa eyes Houston area for $10 billion solar manufacturing plant

Electric vehicle and clean energy company Tesla is considering building a new $10.1 billion solar cell manufacturing facility in Fort Bend County, according to documents filed with the Texas Comptroller’s Office. If approved, the plant, called Project Sun City, would be located on a 3,050-acre site off FM 762 and FM 1994 in Richmond, Texas. Tesla aims to finish construction in 2028, with the plant being operational by early 2029. Continue reading.

Houston’s data center capacity set to grow 80%, report says

Houston stands to benefit from constraints dogging data center markets elsewhere in Texas, a new report indicates. This comes against the backdrop of Texas surpassing Virginia as the country’s top state for data centers — and amid deepening opposition to these facilities. The report, published by commercial real estate services provider JLL, foresees Houston continuing to gain traction in data center development as occupants seek “scalable alternatives” to Texas markets experiencing supply-and-demand imbalances. Continue reading.

EV surge could shutter 40 refineries by 2040, Wood Mackenzie report warns

The rise of electric vehicles could spell trouble for Houston’s oil and gas sector, a new report suggests. But the oil and gas industry stands to benefit from potential sluggishness in U.S. adoption of EVs. If worldwide EV adoption rises as expected, global oil demand could fall by five million barrels per day by 2040, accelerating the closure of about 40 oil refineries, says the report, published by energy research and consulting firm Wood Mackenzie. The firm’s North American hub is in Houston. Continue reading.

ERock scores Anthropic deal, sees order backlog soar to $1.7B

Two months after its $400 million IPO, Houston-based ERock (NYSE: EROC) has landed a power-generator deal with AI powerhouse Anthropic, owner of the Claude platform. In its Q2 earnings report, ERock says it will provide equipment to Anthropic with a 470-megawatt capacity. ERock specializes in utility-grade, onsite microgrid power systems for data centers and other customers. The company previously did business as Enchanted Rock. Continue reading.

Halliburton Labs adds 3 energy, materials startups to Houston incubator

Three new companies have joined Halliburton Labs, the incubator for early-stage energy and hardtech startups run by Houston energy giant Halliburton. Halliburton Labs provides the emerging companies with mentorship, industry connections, laboratory access and other resources as they work toward commercialization. The latest companies to join the incubator focus on battery materials, resource recovery and gas separation solutions to address some of the "key bottlenecks in the energy and industrial landscape." Continue reading.

Houston geothermal startup bumps Series B to $180M with Nabors investment

fresh funding

Houston-based geothermal startup Quaise Energy has closed its Series B fundraising round at $180 million after inking a significant investment from another local energy leader.

Quaise, which is developing a 50-megawatt superhot geothermal plant in Oregon, announced a "first close" of the round last month at $134 million, led by San Francisco-based investment firm Prelude Ventures. The $46 million bump has been fueled by a $35 million investment from Houston-based Nabors Industries.

The funding will go toward the continued development of the company's superhot geothermal plant, Project Obsidian, as well as the commercialization of Quaise's millimeter-wave drilling system, according to a news release.

“We are unlocking the most powerful clean energy source on Earth, and the Series B signals deep conviction across a wide range of investors,” Carlos Araque, Quaise CEO and president, said in the release. “Nabors is an invaluable partner as we move millimeter wave drilling to full commercial operations at Project Obsidian and beyond.”

Nabors, a repeat investor in Quaise, has also entered into a strategic framework agreement with Quaise. Under the agreement, Quaise will have access to a dedicated Nabors land rig and drilling platform. Nabors will also provide expertise in reservoir modeling, well design and drilling strategy.

Last year, Quaise drilled to a depth of about 330 feet using its millimeter-wave technology at its field site in Central Texas. Canary Media previously reported that Quaise plans to drill to nearly 3,300 feet later this year and to deploy its millimeter-wave technology at its power plant in 2027. The plant is expected to deliver power to the Pacific Northwest in 2030.

Quaise and Nabors say the partnership will improve drilling performance, reduce costs and accelerate project timelines.

“Superhot geothermal has the potential to make clean energy ubiquitous. That is why we are excited about our close relationship with Quaise,” Anthony Petrello, president and CEO of Nabors, added in the release. “Quaise’s millimeter wave technology changes the equation entirely by reaching superhot rock at temperatures and depths that are inaccessible with conventional drilling, transforming geothermal from a location-dependent resource into a global energy solution. Combined with Nabors’ drilling expertise and infrastructure, we see a path to gigawatt-scale geothermal power that no other company can offer today.”

Quaise reports that with the latest funding, it has now raised $280 million. It raised $21 million in a Series A1 financing round in 2024 and a $52 million Series A in 2022.

The company announced in March that it was aiming to raise $200 million for Project Obsidian through $100 million in Series B funding, plus an additional $100 million from grants, debt and project-level finance.

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