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New CEO officially takes helm of growing Houston batteries co.

ready to lead

Announced earlier this summer as incoming CEO of International Battery Metals, Iris Jancik has officially started her new job. Photo courtesy of IBAT

A Houston batteries company officially has a new CEO.

Originally announced as incoming CEO earlier this summer, Iris Jancik has taken the helm of International Battery Metals Ltd., a Houston and Vancouver-based developer of patented modular direct lithium extraction (DLE) plants.

She takes on the new role following IBAT's July announcement that it achieved the "first lithium from the only modular DLE operation in the world and the first commercial DLE operation in North America," according to the company. The milestone was achieved at IBAT's facility outside Salt Lake City, Utah, a plant co-located at the operations of US Magnesium.

With IBAT achieving its first commercial operations, Jancik will focus on its continued conversations with large industrial companies — automakers, oil and gas companies, and more — to expand prospects and stakeholders.

"The timing of IBAT's breakthrough technology is ideal given soaring demand for lithium batteries to power EVs and energy storage. I look forward to accelerating our growth as we expand commercially to meeting this demand with an unmatched lithium extraction technology that can be cost-effectively and quickly deployed, sustainably operated to respect water resources, and easily scalable in a variety of brine resources," Jancik says in a news release. "I can think of no one better to partner with on this journey than our chief technology officer, founder and DLE pioneer, John Burba."

Garry Flowers, who joined IBAT as president in July 2022 before being named CEO in December of the same year, preceded Jancik as CEO. Prior to joining IBAT, Jancik served as CEO of IDE Americas. She holds an MBA in international business from Texas A&M University.

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The plant, expected to go online later this year, will process brine produced from lithium-containing waste-magnesium salts. Photo via ibatterymetals.com

Houston company plans to install the first commercial direct lithium extraction plant in the US

coming soon

Houston-based International Battery Metals, whose technology offers an eco-friendly way to extract lithium compounds from brine, is installing what it’s billing as the world’s first commercial modular direct-lithium extraction plant.

The mobile facility is located at US Magnesium’s operations outside Salt Lake City. The plant, expected to go online later this year, will process brine produced from lithium-containing waste-magnesium salts. The resulting lithium chloride product will provide feedstock for high-purity lithium carbonate generated by US Magnesium.

Under its agreement with US Magnesium, International Battery Metals (IBAT) will receive royalties on lithium sales, as well as payments for equipment operations based on lithium prices and performance.

IBAT says its patented technology is the only system that delivers a 97 percent extraction rate for lithium chloride from brine water, with up to 98 percent of water recycled and with minimal use of chemicals.

“Commercial operations will serve growing lithium demand from automakers for electric vehicle batteries, as well as energy storage batteries to support growing electricity demand and to balance the grid from increased renewable energy integration,” IBAT says in a news release.

Initially, the less than three-acre plant will annually produce 5,000 metric tons of lithium chloride. The modular plant was fabricated in Lake Charles, Louisiana.

“Our commercial operations with US Mag will advance a productive lithium extraction operation,” says Garry Flowers, CEO of IBAT. “Given current lithium demand, supply dependence on China, and permitting challenges, our expected commercial operations are coming at an ideal time to produce lithium at scale in the U.S.”

IBAT says the technology has been validated by independent reviewers and has been tested in Texas, California, Michigan, Ohio, and Oklahoma, as well as Argentina, Canada, Chile, and Germany.

IBAT says its modular concept positions the company to be a key supplier for rising U.S. lithium demand, providing an alternative to China and other global suppliers.

John Burba, founder, CTO and director of IBAT, says the modular extraction technology “will be the basis of future lithium extraction from brine resources around the world.”

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Houston cleantech company closes $12M seed round

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Houston-based Helix Earth Technologies has closed a $12 million Seed 2 funding round to scale manufacturing of its energy-efficient commercial HVAC add-on technology.

Veriten, a Houston-based energy investment firm, led the round. Rua Ventures, Carnrite Ventures, Skywriter LLC and Textbook Ventures also participated.

Helix Earth—which was founded based on NASA technology, spun out of Rice University and has been incubated at Greentown Labs—is developing high-efficiency retrofit dehumidification systems that aim to reduce the energy consumption of commercial HVAC units. The company reports that its technology can lead to "healthier indoor air, lower energy bills, reduced building maintenance, and more comfortable spaces for building owners and occupants."

"Building owners are dealing with rising energy costs, uncontrolled humidity, and aging infrastructure with no viable, cost-effective path forward. We are in the field today solving these problems for commercial customers, and this capital puts us on an aggressive path to scale,” Rawand Rasheed, Helix Earth co-founder and CEO, said in a news release.

“The strength of this round reinforces our team's conviction that we can transform innovation-starved sectors with transformational solutions that deliver order-of-magnitude improvements to owners and operators, for both their bottom line and the environment,” Rasheed added.

Maynard Holt, Veriten’s founder and CEO, said that the investment firm is tripling its investment in Helix Earth.

"The team has built breakthrough technology with real applicability across multiple industries,” Holt said in the release. “Their first product will have an immediate and measurable impact on our energy system, and they are already pursuing adjacent innovations to help heavy industries operate more efficiently and with less waste. This is a well-rounded team with a proven track record of strong execution and disciplined capital management.”

Helix Earth also closed a $5.6 million seed funding round in 2024, led by Veriten.

Last year, the company secured a $1.2 million Small Business Innovation Research (SBIR) Phase II grant and won in the Smart Cities, Transportation & Sustainability contest at the 2025 SXSW Pitch Showcase. Rasheed was also named to the Forbes 30 Under 30 Energy and Green Tech list for 2025.

SLB and NVIDIA expand partnership to scale AI across energy sector

AI partnership

Houston-based energy technology company SLB has expanded its 18-year tech collaboration with chipmaker NVIDIA to include the development of an “AI factory for energy.”

Through their partnership, SLB and NVIDIA will create AI infrastructure and models built around SLB’s existing digital platforms to help energy companies scale AI for data and operations.

In addition to the development of the “AI factory,” SLB will:

  • Provide modular design services to enhance NVIDIA’s blueprint for building, launching and operating gigawatt-scale AI data centers. In this case, modular design involves manufacturing data center components off-site.
  • Use NVIDIA’s AI infrastructure to improve the processing of large datasets and AI models across SLB’s digital platforms.

Energy companies generate vast amounts of operational data, which can slow down and silo decision-making, SLB says. By combining NVIDIA’s Omniverse libraries and its Nemotron open models with SLB’s digital and AI platforms, the companies aim to more rapidly transform data into actionable insights.

Omniverse libraries are sets of prebuilt 3D elements, such as objects, surfaces and interactive features, that make it easier to construct detailed virtual spaces without having to design everything manually. They’re commonly used for building immersive environments, digital replicas of real-world systems and simulation scenarios.

Nemotron open models are AI models that are freely available to download and modify. Instead of relying on a hosted service, you can run them on your own infrastructure and tailor them to fit specific needs.

Vladimir Troy, vice president of AI infrastructure at NVIDIA, says the energy sector is at the forefront of AI driving a “new industrial revolution.”

“The winners in AI will be companies with the best data, the deepest domain expertise, and the ability to scale,” Demos Pafitis, SLB’s chief technology officer, added. “By collaborating with NVIDIA to advance modular data center construction and harness our domain expertise and digital platforms, we’re enabling the energy industry to deploy AI at scale and transform operational data into smarter decisions.”

Houston poised for Texas-sized data center growth and more energy news

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Editor's note: The top energy transition news of the month looks at the future of data centers in Houston; a big step for Fervo; and what hotter, longer summers mean for Texans. Below are the five most-read EnergyCapital stories published March 16-30, 2026:

1. Houston data center capacity could more than double by 2028, CBRE report says

Houston's data center scene has received its latest bullish forecast. Photo via serverfarmllc.com

The Houston market could more than double its data center capacity by the end of 2028, a new report indicates. The report, published by commercial real estate services provider CBRE, says greater demand for data center capacity in the Houston area is being fueled by energy companies, along with large-scale cloud services and AI-driven tenants. In the second half of 2025, the Houston market had 154 megawatts of data center capacity, which was on par with capacity in the second half of 2024. Another 28.5 megawatts of capacity was under construction during that period. Continue reading.

2. Fervo secures $421M in financing for Cape Station construction

Fervo Energy has closed financing to support the remaining construction costs for the first phase of Cape Station. Photo via fervoenergy.com

Houston geothermal unicorn Fervo Energy has closed $421 million in non-recourse debt financing for the first phase of its flagship Cape Station project in Beaver County, Utah. Fervo believes Cape Station can meet the needs of surging power demand from data centers, domestic manufacturing and an energy market aiming to use clean and reliable power. According to the company, Cape Station will begin delivering its first power to the grid this year and is expected to reach approximately 100 megwatts of operating capacity by early 2027. Fervo added that it plans to scale to 500 megawatts. Continue reading.

3. Energy expert: What record heat and extended summers mean for Texans

Extreme weather in Texas is not only increasing but also becoming more hazardous for communities, infrastructure, and the economy. Photo by Jarosław Kwoczała on Unsplash

Earth’s third-warmest year on record occurred in 2025, reinforcing a decades-long pattern of rising global temperatures. This warming trend is increasingly reflected in regional weather patterns across the United States, particularly in Texas, where hotter summers, prolonged droughts, and heavier rainfall events are becoming more common. A 2024 report from Texas A&M University highlights how these shifts are already reshaping weather conditions across the Lone Star State. The assessment analyzes climate and weather data from 1900 through 2023 and projects likely trends through 2036. Continue reading.

4. TotalEnergies strikes $1B federal deal to exit offshore wind sector

TotalEnergies is canceling its U.S. offshore wind projects. Photo via totalenergies.com

TotalEnergies, a French company whose U.S. headquarters is in Houston, has agreed to redirect nearly $930 million in capital from two offshore wind leases on the East Coast to oil, natural gas and liquefied natural gas (LNG) production. In its agreement with the U.S. Department of the Interior, TotalEnergies has also promised not to develop new offshore wind projects in the U.S. “in light of national security concerns.” Continue reading.

5. 30+ CERAWeek events featuring Houston energy leaders

Heading to CERAWeek? Here's where to find Houston energy leaders on the Agora track. Photo courtesy of CERAWeek

CERAWeek returned to Houston March 23-27, bringing more than 1,000 speakers, executives and energy innovators to Houston.Here are some of the many events that featured Houston leaders on the Agora track. Continue reading.

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