The Rice Alliance Clean Energy Accelerator, a hybrid program based out of the Ion, has named its latest cohort. Photo courtesy of the Ion

The Rice Alliance Clean Energy Accelerator has named 12 early-stage energy technology companies to its latest cohort.

The companies, which hail from six states and two countries, are providing solutions across carbon management, advanced materials, hydrogen, solar, and more. The program, which operates in a hybrid capacity based out of the Ion, will run for 10 weeks beginning July 9 and culminating in a demo day alongside the 21st Rice Alliance Energy Tech Venture Forum on September 12. Throughout the duration, the companies will come to Houston three times.

"As Houston’s preeminent energy startup accelerator, this is an open door to the region’s energy ecosystem for ventures from around the world and puts them through a rigorous curriculum to bolster their fundraising efforts, prepare them for accelerated adoption into the marketplace and expand their connections for potential pilots, partnerships and sales," per a Rice Alliance news release.

This cohort's executives-in-residence, or XiRs, include Tim Franklin-Hensler, John Jeffers, Ritu Sachdeva and Nick Tillmann. In addition to these innovators — who bring their expertise, mentorship, and strategic growth planning — the program is ed by the Rice Alliance’s Kerri Smith and Matt Peña.

Class 4 for the Rice Alliance Clean Energy Accelerator includes:

  • 1s1 Energy, based in Portola Valley, California, develops electrolyzers with boron-based materials so that utilities and heavy industry can produce low-cost green hydrogen to decarbonize existing and future businesses.
  • Houston-based Capwell provides a cost-effective, modular, and easily transportable system that eliminates methane emissions from wells for state governments and oil and as companies.
  • CarboMat, from Calgary, Alberta, provides a clean technology that produces low-cost, sustainable, and mid-tier grade carbon fibers at a 60 percent reduced production cost and 50 percent reduced GHG emissions to composite manufacturers in industries that require large volumes of inexpensive carbon fibers for production of commodity grade products.
  • Cleveland, Ohio-headquartered Corrolytics offers cutting-edge technology that detects corrosion on-site and in near real-time, providing accurate insights into microbial corrosion and general corrosion.
  • Geolabe, from Los Almos, New Mexico, provides an automated methane monitoring system that helps organizations measure environmental performance and introduce and prioritize remedial actions.
  • Kaizen, which operates in Tomball just outside of Houston, provides hydrogen based microgrids that enable fleet electrification at sites that are grid constrained or off grid. The solutions emit no local emissions and reduce global emissions.
  • Los Angeles-based Mitico offers services and equipment to capture carbon dioxide with a patent-pending granulated metal carbonate sorption technology captures over 95 percent of the CO2 emitted from post-combustion point sources.
  • OceanBit, headquartered in Honolulu, provides ocean thermal energy technologies and power plants that delivers abundant, affordable, base load power to utilities and companies who need a firm, dispatchable, and 24/7 carbon-free source of electricity.
  • From Ontario, Canada, QEA Tech provides detailed building envelope energy audits using drones, thermography, and proprietary AI based software.
  • Houston-based Sensytec offers patented sensors, delivering real-time, accurate material performance data of concrete and advanced building materials.
  • Vroom Solar, based in Springfield, Missouri, provides Smart Solar Management technology that optimizes solar and optional AC power differently at a lower cost and smaller footprint for solar customers who need affordable, efficient, and user-friendly power anywhere.
  • VulcanX, from Vancouver, Canada, provides hydrogen and solid carbon to gas utilities, steel manufacturers and ammonia producers who require low-cost and low-emission hydrogen.

Since launching in 2021, the Clean Energy Accelerator has accelerated 43 ventures that have raised more than $166 million in funding. According to the program, these companies have piloted their technologies, connected with investors, created jobs, and many relocated to Houston.

The 2023 cohort included 15 clean energy companies.

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$21.5 billion merger to create Houston-based energy powerhouse

Major Merger

Oklahoma City, Oklahoma-based Devon Energy has agreed to buy Houston-based Coterra Energy in a $21.5 billion all-stock deal, forming an energy powerhouse that will be headquartered in Houston. The combined company, boasting an enterprise value of $58 billion, will adopt the Devon brand name.

Revenue for the two publicly traded companies totaled nearly $18.8 billion in the first nine months of 2025. Devon is a Fortune 500 company, but Coterra doesn’t appear in the most recent ranking.

The deal, already approved by the boards of both companies, is expected to close in the second quarter of 2026. Once the transaction is completed, Devon shareholders will own about 54 percent of the combined company and Coterra shareholders will own 46 percent.

“This transformative merger combines two companies with proud histories and cultures of operational excellence, creating a premier shale operator,” says Clay Gaspar, Devon’s president and CEO.

The combined company will be one of the world’s largest shale producers, with third-quarter 2025 production exceeding 550 thousand barrels of oil per day and 4.3 billion cubic feet of gas per day. A significant presence in the Delaware Basin, encompassing hundreds of thousands of acres, will anchor the company’s operations. The 10,000-square-mile Delaware Basin is in West Texas and southeastern New Mexico.

The new Devon also will operate in the Permian Basin, located in West Texas and New Mexico; Marcellus Shale, located in five states in the East; and Anadarko Basin, located in the Texas Panhandle, Colorado, Kansas, and Oklahoma.

Gaspar will be president and CEO of the combined company, and Tom Jorden, chairman, president, and CEO of Coterra, will be non-executive chairman.

Houston climatech startup closes $5M seed round to scale copper alternative

seeing green

Houston-based material science and climatech startup DexMat has closed a $5 million seed round.

The round was led by non sibi ventures, with participation from Governance Partners, Tailwind Futures, BetterWay, Capital Factory and other investors. The company additionally announced that it has secured $3 million of non-dilutive funding.

DexMat plans to use the recent round to commercially scale Galvorn, its carbon-based conductive fiber. The high-performance copper alternative, originally developed at Rice University, is made from carbon nanotube (CNT) fibers, which are less energy- and CO2-intensive to produce.

The company says it will grow its technical and commercial teams and advance pilot-scale production to meet demand from new and existing customers in aerospace, defense and manufacturing industries.

"We’re seeing clear customer pull, particularly in wire and cable applications, as manufacturers look for conductive materials that are less dense, more durable, and resilient at scale,” Bryan Guido Hassin, CEO of DexMat, said in a news release. “This funding allows us to meet near-term demand and expand production capabilities in response to evolving supply-chain constraints."

The recent funding comes after a year of impressive growth. According to the news release, DexMat more than doubled its production and sales of Galvorn in 2025 compared to the previous year.

“We consistently hear the same message from customers: the material performs really well, and they need more of it at a lower cost,” Dmitri Tsentalovich, co-founder and CTO of DexMat, added in the release. “This round supports the production scale-up and cost reductions required to move Galvorn into broader commercial use.”

DexMat raised $3 million in funding in a round led by Shell Ventures in 2023. The company reports a 20-fold increase in capacity since its pre-seed round, along with a 96 percent reduction in production costs.

DexMat's technology was originally developed in the Rice University lab of co-founder Matteo Pasquali, who also serves as director of Rice’s Carbon Hub. According to previous reports, the company was built on over $20 million in non-dilutive funding—including grants from the Air Force Research Laboratory, Air Force Office of Scientific Research, U.S. Department of Energy, NASA, Advanced Functional Fabrics of America and the National Science Foundation—with Rice University included in the list of original investors.

Here are 5 must-attend Houston energy events for February 2026

Mark Your Calendar

Editor's note: The second half of February is buzzing with must-attend events for those in the Houston energy sector. We've rounded up a host of events to put on your calendar for the month, with topics ranging from AI in energy to emissions management for a sustainable future. Get the details below, and register now.

Feb. 18-20 — NAPE Summit Week 2026

NAPE is the energy industry’s marketplace for the buying, selling, and trading of prospects and producing properties. NAPE brings together all industry disciplines and companies of all sizes, and in 2026 it will introduce three new hubs — offshore, data centers, and critical minerals — for more insights, access, and networking opportunities. The event includes a summit, exhibition, and more.

This event begins Feb. 18 at George R. Brown Convention Center. Register here.

Feb. 23-25 — AI in Energy Summit

The third annual AI in Energy Summit will bring together 200 senior leaders from the utilities, oil and gas, power generation, and renewables sectors for three days of conversation in Houston, the heart of energy innovation. Attendees will hear directly from operators who’ve taken AI projects from proof of concept to full deployment; learn how make data AI-ready and align AI with business goals; and discover what’s working in GenAI, ML Ops, Agentic AI, and more.

This event begins Feb. 23 at Norris Conference Center. Register here.

Feb. 24-26 — 2026 Energy HPC & AI Conference

The 2026 Energy HPC & AI Conference marks the 19th year for the Ken Kennedy Institute to convene experts from the energy industry, academia, and national labs to share breakthroughs for HPC and AI technologies. The conference returns to Houston with engaging speaker sessions, a technical talk program, networking receptions, add-on workshops, and more.

This event begins Feb. 24 at Rice University's BRC. Register here.

Feb. 25-26 — Energy Emissions Management Conference

The fifth annual Energy Emissions Management Conference is the premier gathering for energy leaders who are committed to staying ahead of the rapidly evolving emissions landscape. The conference aims to foster collaboration, drive technological innovation, and strengthen transparency, supporting organizations in meeting their regulatory obligations and sustainability goals.

This event begins Feb. 25 at Hilton Houston Westchase. Register here.

Feb. 26 — February Transition on Tap

Mix and mingle at Greentown Labs' first Transition on Tap event of the year. Meet the accelerator's newest startup members, who are working on innovations ranging from methane capture to emissions-free manufacturing processes to carbon management.

This event begins at 5:30 pm on Feb. 26 at Greentown Labs Houston. Register here.