UH's winning team, ECHO, or Electrochemical CO2 Harvester from the Ocean, was awarded a $25,000 award from Chevron. Photo courtesy of UH

UH Energy named its second Innovation Commercialization Competition winners earlier this month with the goal of identifying promising ideas within the university that could have an impact in the energy transition.

The winning team, ECHO, or Electrochemical CO2 Harvester from the Ocean, was awarded a $25,000 award from Chevron, the event's sponsor, after presenting their pitch in front of a live Houston audience earlier this month.

“You don’t see the full impact of a good idea until someone figures out a way to convert it to a usable product or service that has value, brings it to market and makes money off of it—this is what makes it a sustainable business,” S. Radhakrishnan, the competition's coordinator and a retired University of Houston business professor, says in a statement. “To have a successful energy transition, we need many innovative ideas to be commercialized.”

Eighteen teams of University of Houston graduate students competed in the months-long competition and focused on projects related to carbon capture, carbon sequestration and lithium extraction from geothermal operations. Each team received a $2,000 stipend and mentoring throughout the competition.

The ECHO team was named the UH-Chevron Energy Transition Energy Innovation Challenge Winner. Comprised of four UH environmental engineering doctoral students (Prince Aleta, Ahmad Hassan, Mohsen Afshari and Abdelrahman Refale) and advised by Mim Rahimi, assistant professor of environmental engineering at the UH Cullen College of Engineering, the team pitched a membrane-less electrochemical process to capture carbon dioxide efficiently and sustainably. According to a statement from UH, the technology "seamlessly integrates with existing seawater intake infrastructure."

“As we’re from the STEM field, we normally work in lab environments, and I hear people say that what we’re working on has less commercial value and that it would take ages for them to commercialize,” Hassan adds in the statement. “This (competition) gave us the confidence and motivation to move forward.”

UH-based startup GeOME Analytics, led by UH's Moores Professor of Biology and Biochemistry and GeOME's president Preethi Gunaratne, was named the UH Energy Innovation Challenge Winner. The team pitched a new method for reservoir drainage diagnostics that uses the company's personalized DNA biomarkers. Other team members include Marcus Phillips, GeOME's vice president; postdoctoral researchers Partha Bhagavanthula and Nuwan Acharige; and UH graduate students, Micah Castillo, Dishan Adhikari and Shiyanth Thevasagayampillai.

Additional finalists included:

  • Team LiQuidium – Pitched lithium extraction from geothermal brines
  • Aldrogen – Pitched an A.I.-powered solution to improving grid resiliency while reducing emissions
  • MacAlgae – Pitched an environmentally conscious method of mycelium production

“The technology that was on display was fascinating,” Liz Schwarze, vice president of global exploration for Chevron, said in a statement. “I’m optimistic we can continue to grow this program, because it’s all about creating a culture where we can pursue our scientific and engineering dreams while partnering with business and entrepreneurship along the way to spinoff value to our community faster.”

Last month, UH and Chevron also partnered up to name its first-ever cohort of UH-Chevron Energy Graduate Fellows. The PhD and doctoral students will each receive a one-year $12,000 fellowship, along with mentoring from experts at UH and Chevron.
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ExxonMobil invests over $200M in Texas advanced recycling sites

doubling down

ExxonMobil announced that it plans to invest more than $200 million to expand its advanced recycling operations at its Baytown and Beaumont sites that are expected to start in 2026. The new operations can help increase advanced recycling rates and divert plastic from landfills, according to ExxonMobil.

“We are solutions providers, and this multi-million-dollar investment will enhance our ability to convert hard-to-recycle plastics into raw materials that produce valuable new products,” says Karen McKee, president of ExxonMobil Product Solutions, in a news release.

The investment plans to add 350 million pounds per year of advanced recycling capacity at Baytown and Beaumont, which will bring ExxonMobil’s total capacity to 500 million pounds annually. The first Baytown facility started in 2022 and represents one of the largest advanced recycling facilities in North America by having processed more than 70 million pounds of plastic waste.

“At our Baytown site, we’ve proven advanced recycling works at scale, which gives us confidence in our ambition to provide the capacity to process more than 1 billion pounds of plastic per year around the world,” McKee said in a news release. “We’re proud of this proprietary technology and the role it can play in helping establish a circular economy for plastics and reducing plastic waste.”

Advanced recycling works by transforming plastic waste into raw materials that can be used to make products from fuels to lubricants to high-performance chemicals and plastics. Advanced recycling allows for a broader range of plastic waste that won't be mechanically recycled and may otherwise be buried or burned.

ExxonMobil will continue development of additional advanced recycling projects at manufacturing sites in North America, Europe and Asia with the goal of reaching 1 billion pounds per year of recycling capacity by 2027.

Houston-based Fervo Energy collects $255M in additional funding

cha-ching

A Houston company that's responding to rising energy demand by harnessing geothermal energy through its technology has again secured millions in funding. The deal brings Fervo's total funding secured this year to around $600 million.

Fervo Energy announced that it has raised $255 million in new funding and capital availability. The $135 million corporate equity round was led by Capricorn’s Technology Impact Fund II with participating investors including Breakthrough Energy Ventures, CalSTRS, Congruent Ventures, CPP Investments, DCVC, Devon Energy, Galvanize Climate Solutions, Liberty Mutual Investments, Mercuria, and Sabanci Climate Ventures.

The funding will go toward supporting Fervo's ongoing and future geothermal projects.

“The demand for 24/7 carbon-free energy is at an all-time high, and Fervo is one of the only companies building large projects that will come online before the end of the decade,” Fervo CEO and Co-Founder Tim Latimer says in a news release. “Investors recognize that Fervo’s ability to get to scale quickly is vital in an evolving market that is seeing unprecedented energy demand from AI and other sources.”

Additionally, Fervo secured a $120 million letter of credit and term loan facility from Mercuria, an independent energy and commodity group that previously invested in the company.

“In surveying power markets across the U.S. today, the need for next-generation geothermal is undeniable,” Brian Falik, group chief investment officer of Mercuria, adds. “We believe in Fervo not just because their EGS approach is cost-effective, commercially viable, and already being deployed at scale, but because they set ambitious targets and consistently deliver.”

In February, Fervo secured $244 million in a financing round led by Devon Energy, and in September, the company received a $100 million bridge loan for the first phase of its ongoing project in Utah. This project, known as Project Cape, represents a 100x growth opportunity for Fervo, as Latimer explained to InnovationMap earlier this year. As of now, Project Cape is fully permitted up to 2 GW and will begin generating electricity in 2026, per the company.

Other wins for Fervo this year include moving into its new headquarters in downtown Houston, securing a power purchase agreement with California, growing its partnership with Google, and being named amongst the year's top inventions by Time magazine.


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This article originally ran on InnovationMap.