Houston energy leader Barbara Burger shared her key takeaways from CERAWeek 2025 with InnovationMap. Photo courtesy of CERAWeek

What a difference a year makes.

I have been coming to CERAWeek for as long as I can remember and the Agora track within CERAWeek since it originated. Although freshness likely distorts my thinking, I cannot remember a CERAWeek that seemed so different from the previous year's than this one.

This certainly isn’t a comprehensive summary of the conference, but some of my key take forwards from last week's events.

It’s all about power.

It seemed like everyone associated with the power value chain showed up. Developers, turbine manufacturers, utilities, oil and gas, renewables, geothermal, nuclear, storage, hyperscalers, and lots of innovative companies that aim to squeeze more out of the grid we already have. Most of the companies embraced the “all of the above” sentiment and despite moderators (and some key notes) attempt to force technology picks, most didn’t take the bait.

Practical is in.

Real issues – choke points in supply chains and the workforce, permit timing, cost increases in new generation – were openly discussed both on the stage and in the countless meetings and meet ups in partner rooms and in open spaces throughout the Hilton Americas and the GR Brown.

AI was everywhere.

While there was an understanding that not all the power load growth is coming from AI and Data Centers, that segment was getting all the attention. AI went beyond the retail and human enablement to AI for Optimization and AI for Innovation. The symbiosis of Tech and Energy was evident – power is a constraint, and AI is a game changer. S&P (CERAWeek’s organizer) did a great job of weaving this theme across the conference in both the Executive and Agora sessions.

More gas… and less hydrogen.

Whether it was LNG or gas to power or methane emission management, the US’s dominance in gas was front and center. Hydrogen was largely absent from the Executive talks and where it was topical in the Agora sessions, the need for better economics was made clear.

Consistency and balance are needed for this sector.

I am unsure whether it is a “stay calm and carry on” approach, as one leader fashioned, or rather a “carry on” message and imperative. Phrases like “one extreme to another” were heard on stage and in the hallways. The oil and gas CEOs talked more openly about their base business than they had in the last four years but they also talked about their decarbonization activities as well as commercialization of new technologies and value chains.

The macro-economic picture cast long shadows.

While few talks onstage addressed tariffs, consumer sentiment, inflation and unemployment (including those from government officials), the talks in the halls and private meetings certainly did. And while some argued that “the end justifies the means,” it wasn’t an argument that most seemed to buy into.

There is a lot of tripping up on labels.

Politics makes our sector more polarizing than it should or needs to be. Climatetech, Sustainability, Cleantech – some were labels with broad objectives, and some were meant to be binary or exclusionary. "Energy Transition" for some meant a binary replacement of fossil fuels with renewables, and for others, it meant an evolution of a system in multiple dimensions. In any event, a lot of energy is being spent on the labels and the narratives. I don’t have an easy answer for this other than to fall back to longer discussions and less use of labels that have lots of meanings and can quickly move a constructive discussion onto the third rail.

Collaboration is key and vital in this uncertain world.

The attendance of approximately 10,000 spanned the breadth of energy, those who make, move, and use it from around the globe—in other words, everyone—with a strong tone of inclusion. CERAWeek, after all, is all about convening and collaboration, and this played out in the programming and the networking. The messages about practicality, consistency, balance and “all of the above” and the storm clouds of the extremes seemed to put everyone in a similar boat: Am I being too hopeful that this will lead to more and more collaboration within the sector to advance the multiple aims of affordability, reliability, security, resiliency and sustainability?

The next-generation workforce is a strategic imperative.

The NextGen cohort in Agora was launched with 100+ graduate students from all over coming to see the energy sector close up. Kudos to S&P for making this investment and to all the conference attendees who spent time talking to the students about their research, their interests, and, importantly, sharing their career stories. Relationships were born at CERAWeek.

Houston showed well for the conference and Mother Nature played nice. The days were sunny and dry, and the evening temperatures fit the outdoor events well. The schedule and pace of CERAWeek is exhausting, and most people were worn out by Thursday.

CERAWeek 2025 is in the books; the connections made, and messages heard set the tone for the year ahead.

Until CERAWeek 2026.

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Barbara J. Burger is a startup adviser and mentor. She is the independent Director of Bloom Energy and is an advisor to numerous organizations, including Lazard Inc., Syzygy Plasmonics, Energy Impact Partners and others. She previously led corporate innovation for two decades at Chevron and served on the board of directors for Greentown Labs.

Fervo Energy received $100 million loan for its Utah Cape Station project. Photo via fervoenergy.com

Houston company secures $100M for 'world’s largest geothermal energy plant'

loan guarenteed

Houston-based geothermal energy company Fervo Energy has secured a $100 million bridge loan for the first phase of its ongoing project in Utah.

The loan came from an affiliate of Irvington, New York-based X-Caliber Rural Capital. Proceeds will support construction of Fervo’s Cape Station project, which is being touted as the world’s largest geothermal energy plant.

The first phase of Cape Station, which is on track to generate 90 megawatts of renewable energy, is expected to be completed in June 2026. Ultimately, the plant is supposed to supply 400 megawatts of clean energy by 2028 for customers in California.

“Helping this significant project advance and grow in rural America is a true testament to how investing in communities and businesses not only has local influence, but can have a global, long-lasting impact by promoting sustainability and stimulating rural economies,” Jordan Blanchard, co-founder of X-Caliber Rural Capital, says in a news release.

X-Caliber Rural Capital is an affiliate of commercial real estate financing company X-Caliber Capital Holdings.

Fervo says its drilling operations Utah’s Cape Station show a 70 percent reduction in drilling times, paving the way for advancement of its geothermal energy system.

Tim Latimer, co-founder and CEO of Fervo, says his company’s drilling advancements, purchase deals, transmission rights, permit approvals, and equipment acquisitions make Fervo “an ideal candidate” for debt financing. In May, Latimer joined the Houston Innovators Podcast to discuss the company's growth and latest project.

With a new office in downtown Houston, Fervo recently signed up one of the country’s largest utilities as a new customer and expanded its collaboration with Google.

To date, Fervo has raised $531 million in venture capital funding, per Crunchbase data.

A new program at Rice University will educate recent graduates or returning learners on key opportunities within energy transition. Photo via Rice

Rice University introduces new program for energy transition, sustainability

future of energy

A Houston university has committed to preparing the workforce for the future of energy with its newest program.

Rice University announced plans to launch the Master of Energy Transition and Sustainability, or METS, in the fall. The 31 credit-hour program, which is a joint initiative between Rice's George R. Brown School of Engineering and the Wiess School of Natural Sciences, "will train graduates to face emergent challenges in the energy sector and drive innovation in sustainability across a wide range of domains from technology to economics and policy," according to the university.

“We believe that METS graduates will emerge as leaders and innovators in the energy industry, equipped with the skills and knowledge to drive sustainable solutions,” Rice President Reginald DesRoches says in the release. “Together we can shape a brighter, more resilient and cleaner future for generations to come.”

Some of the focus points of the program will be geothermal, hydrogen, and critical minerals recovery. Additionally, there will be education around new technologies within traditional oil and gas industry, like carbon capture and sequestration and subsurface storage.

“We are excited to welcome the inaugural cohort of METS students in the fall of 2024,” Thomas Killian, dean of the Wiess School of Natural Sciences and a professor of physics and astronomy, says in the release. “This program offers a unique opportunity for students to delve into cutting-edge research, tackle real-world challenges and make a meaningful impact on the future of energy.”

The new initiative is just the latest stage in Rice's relationship with the energy industry.

“This is an important initiative for Rice that is very much aligned with the university’s long-term commitment to tackle urgent generational challenges, not only in terms of research — we are well positioned to make significant contributions on that front — but also in terms of education,” says Michael Wong, the Tina and Sunit Patel Professor in Molecular Nanotechnology, chair and professor of chemical and biomolecular engineering and a professor of chemistry, materials science and nanotechnology and of civil and environmental engineering. “We want prospective students to know that they can confidently learn the concepts and tools they need to thrive as sustainability and energy transition experts and thought leaders.”

GA Drilling opened its Houston office in 2013 to tap into the region’s oil and gas industry. Photo via Getty Images

Drilling tech co. with Houston HQ to partner on European geothermal power plant

growing abroad

GA Drilling, a provider of geothermal drilling technology whose U.S. headquarters is in Houston, is teaming up with a European energy company to develop a geothermal power plant in Germany.

GA Drilling and ZeroGeo Energy, a Swiss company specializing in renewable energy, say the 12-megawatt Hot Dry Rock Geothermal Power Plant (Project THERMO) is the first of several geothermal power and geothermal energy storage projects they’re planning in Europe. GA Drilling will supply technology for Hot Dry Rock, and ZeroGEO will operate the plant.

“The need for clean baseload power is real, and geothermal has the highest potential to deliver that safely and securely. We’re excited to be collaborating with ZeroGeo to help address the power needs in Europe,” Dusan Kocis, co-founder and chief operating officer of Slovakia-based GA Drilling, says in a news release.

GA Drilling opened its Houston office in 2013 to tap into the region’s oil and gas industry.

Last year, GA Drilling conducted the first public demonstration of its latest deep drilling tool, ANCHORBIT. GA Drilling says it developed the tool to cut the cost of deep geothermal drilling by doubling drilling speeds and extending the life of drill bits.

GA Drilling performed the ANCHORBIT test at Nabors Industries’ technology center in Houston. Nabors, a drilling contractor based in Houston, is using GA Drilling’s technology in its drilling operations.

In 2022, Nabors invested $8 million in GA Drilling.

“Given the expected sharp growth in global energy consumption over the next decades, the world will require an even sharper growth in sustainable energy supply. I am convinced that geothermal energy will be a key contributor to the necessary increase in clean energy generation,” Anthony Petrello, chairman, president, and CEO of Nabors, said in an announcement about the GA Drilling investment.

Fervo Energy says its drilling operations Utah’s Cape Station show a 70 percent reduction in drilling times, paving the way for advancement of its geothermal energy system. Photo via fervoenergy.com

Houston geothermal startup reports 'dramatic acceleration' of drilling operations at Utah project

optimization station

Early drilling results indicate a geothermal energy project operated in Utah by Houston-based startup Fervo Energy is performing better than expected.

Fervo says its drilling operations Utah’s Cape Station show a 70 percent reduction in drilling times, paving the way for advancement of its geothermal energy system. Fervo began construction last year on Cape Station, which is set to deliver clean power to the grid in 2026 and be fully operating by 2028.

The company recently published early drilling results from Cape Station that it says exceed the U.S. Department of Energy’s expectations for enhanced geothermal systems. Fervo says these results “substantiate the rapid learning underway in the geothermal industry and signal readiness for continued commercialization.”

Founded in 2017, Fervo provides carbon-free energy through development of next-generation geothermal power.

Fervo began drilling at Cape Station, a 400-megawatt project in southwest Utah, in June 2023. Over the past six months, the company has drilled one vertical well and six horizontal wells there. The company reports that costs for the first four horizontal wells at Cape Station fell from $9.4 million to $4.8 million per well.

“Since its inception, Fervo has looked to bring a manufacturing mentality to enhanced geothermal development, building a highly repeatable drilling process that allows for continuous improvement and, as a result, lower costs,” Tim Latimer, Fervo’s co-founder and CEO, says in a news release. “In just six months, we have proven that our technology solutions have led to a dramatic acceleration in forecasted drilling performance.”

Trey Lowe, chief technology officer of Oklahoma City-based oil and gas producer Devon Energy, likens Fervo’s drilling results to “the early days of the shale revolution.” Last year, Devon invested $10 million in Fervo.

“When you operate continually and understand the resource, you dramatically streamline operations. That’s the unique value of Fervo’s approach to enhanced geothermal,” says Lowe.

Last summer, Fervo reported the results of another one of its projects, Project Red, which is in northern Nevada and made possible through a 2021 partnership with Google. That site officially went online for the tech company in December.

Things are heating up in Utah for Fervo Energy. Photo via fervoenergy.com

Houston company breaks ground on 'world's largest' geothermal project with next-generation tech

coming soon

Houston-based cleantech startup Fervo Energy has broken ground on what it's describing as the "world’s largest next-gen geothermal project."

Fervo says the a 400-milliwatt geothermal energy project in Cape Station, Utah, will start delivering carbon-free power to the grid in 2026, with full-scale production beginning in 2028.

The project, in southwest Utah, is about 240 miles southwest of Salt Lake City and about 240 miles northeast of Las Vegas. Cape Station is adjacent to the U.S. Department of Energy’s Frontier Observatory for Research in Geothermal Energy (FORGE) and near the Blundell geothermal power plant.

The company says Cape Station will generate about 6,600 construction jobs and 160 full-time jobs.

“Beaver County, Utah, is the perfect place to deploy our next-generation geothermal technology,” Tim Latimer, co-founder and CEO of Fervo, says in a news release. “The warmth and hospitality we have experienced from the communities of Milford and Beaver have allowed us to embark on a clean energy journey none of us could have imagined just a few years ago.”

In February, the U.S. Bureau of Land Management gave its blessing to the project, allowing Fervo to undertake exploration activities at the site.

“Geothermal innovations like those pioneered by Fervo will play a critical role in extending Utah’s energy leadership for generations to come,” says Utah Gov. Spencer Cox, who attended the groundbreaking ceremony.

Since being founded in 2017, Fervo has raised more than $180 million in funding. Its highest-profile investors are billionaires Jeff Bezos, Richard Branson and Bill Gates. They’re backing Fervo through Breakthrough Energy Ventures, whose managing director sits on Fervo’s board of directors.

Other investors include the Canada Pension Plan Investment Board (CPP Investments), DCVC, Devon Energy, Liberty Energy, Helmerich & Payne, Macquarie, the Grantham Foundation for the Protection of the Environment, Impact Science Ventures, and Prelude Ventures.

Fervo aims to generate more than one gigawatt of geothermal energy by 2030. On average, one gigawatt of power can provide electricity for 750,000 homes. Two coal-fired power plants can generate roughly the same amount of electricity.

Earlier this year, Fervo announced results of a test at Nevada’s Project Red site, which will supply power to Google data centers in the Las Vegas area. Fervo says the 30-day well test established Project Red as the “most productive enhanced geothermal system in history,” the company says. The test generated 3.5 megawatts of electricity.

In 2021, Fervo and Google signed the world’s first corporate agreement to produce geothermal power. Under the deal, Fervo will generate five megawatts of geothermal energy for Google through the Nevada project, which is set to go online later this year.

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Here are 10+ must-attend Houston energy transition events for Q2 2025

On the Agenda

Editor's note: Spring is here, and this quarter is packed with must-attend events for those in the energy transition sector. Houston plays host to myriad summits, conferences, and expos that you won't want to miss. Mark your calendars and begin registering today. Please note: this article may be updated to include additional events.

March 31-April 2 — World Hydrogen North America 2025

Seize the opportunity to connect with industry leaders from across the hydrogen value chain, fostering long-term business partnerships and exploring potential collaborations. Engage with prominent off-takers, both nationally and internationally, and gain first-hand insights into the latest projects shaping the future of hydrogen in the USA and Canada.

This event begins March 31 at the Marriott Marquis. Click here to register.

April 1-2 — 8th Annual LNG Summit USA

The LNG Summit USA brings together leaders in the LNG sector, who in turn bring solutions to glaring industry challenges. The event addresses key challenges and opportunities within the LNG industry and the broader energy landscape. The conference will also provide insights into alternative energy options that could potentially replace or complement LNG.

This event begins April 1. Click here to register.

April 17 — 2025 UH Energy Symposium Series on Plastics Circularity

Celebrating its 12th year, the UH Energy Symposium Series tackles critical issues impacting the energy sector. This year’s focus on plastics circularity will bring together industry leaders, researchers, and visionaries to explore the intersection of plastics, sustainability, and energy.

This event begins at 8 am on April 17 at UH Student Center South. Click here to register.

April 28-30 — PPDM Energy Data Convention Houston 2025

This flagship conference is dedicated to exploring the latest advancements and trends in energy data, offering opportunities for networking, knowledge exchange, and collaboration. Gain insights into cutting-edge data management practices and how they can enhance operational efficiency, support strategic decision-making, and contribute to achieving long-term objectives. Highlights include keynote presentations from renowned experts, interactive panel discussions, hands-on workshops, and an exhibitor showcase.

This event begins April 28 at Norris Conference Center. Click here to register.

May 12-15 — Enverus Evolve Conference

Staying ahead of the curve in the energy sector is critical. This conference is designed to equip energy leaders with foresight in the energy market, providing cutting-edge technological know-how, sessions and networking opportunities industry leaders, and offering practical guidance on how to apply technology to solve big problems.

This event begins May 12 at Hilton Americas Houston. Click here to register.

May 27-28 — 6th American LNG Forum

Join LNG industry professionals, innovators, and policymakers to discover groundbreaking technologies that are driving the future of liquified natural gas. Topics will include market dynamics and decarbonization strategies, offering attendees the chance to connect, learn, and become part of the LNG revolution.

This event begins May 27 at the Westin Galleria Houston. Click here to register.

May 28-30 — CHARGE North America

This intimate, immersive experience is tailored to forward-thinking energy professionals. The conference includes hands-on interactive workshops led by top strategists; real-world case studies; and insights from leading speakers on resilient branding, consumer expectations, and climate action. Attendees will engage in panel discussions on sustainability and energy diversification and enjoy exclusive networking opportunities with global executives and innovators.

This event begins May 28 at The Ion. Click here to register.

May 29-30 — 5th Annual American Hydrogen Forum

Connect with hydrogen industry leaders, innovators, and policymakers at the American Hydrogen Forum. Discover groundbreaking technologies and strategies focusing on hydrogen fuel cell technology, hydrogen energy, and low-carbon hydrogen solutions.

This event begins May 29 at the Westin Galleria Houston. Click here to register.

June 4-5 — 2025 AWS Energy Symposium

The fourth annual AWS Energy Symposium is the premier AWS event for the energy industry. Hear from leading energy and utility customers, partners, and startups about how they're using AWS to scale innovation and transform their organizations. The event is invitation only and is geared toward senior leaders and director-level executives from across the energy value chain. Click here to submit a registration request.

June 11-12 — Energy Projects Conference & Expo

The Energy Projects Conference & Expo (EPC Show) is the largest event in North America for professionals working at the heart of major energy projects. The show will bring together five leading conferences under one roof for the first time, uniting 3,000-plus engineering, construction, commissioning, supply chain, operations, and maintenance professionals. Conference subjects span LNG exporting, hydrogen and ammonia, midstream, petrochem and refining, and sustainable aviation fuels.

This event begins June 11 at the George R Brown Convention Center. Click here to register.

June 25-26 — Carbon Capture Technology Expo

Tackling climate change is one of the biggest global challenges that requires immediate action, and many industrial sectors are now looking to new technology to help meet net-zero emission targets. The Carbon Capture Technology Expo is North America's leading event for carbon capture, utilization, and storage. The expo offers opportunities to network with industry frontrunners and best-in-class solution providers.

This event begins June 25 at NRG Center. Click here to register. It is co-located with the Hydrogen Technology Conference & Expo North America. Expo passes are free.


8 Houston energy companies land on Time's top greentech list for 2025

top honor

The accolades keep rolling in for Houston-based Fervo Energy, a producer of geothermal power.

Fervo lands at No. 6 on Time magazine and Statista’s new list of America’s Top GreenTech Companies of 2025. The ranking recognizes sustainability-focused companies based on factors such as impact, financial strength, and innovation.

Time notes that Fervo broke ground in 2023 in Utah on what the company claims will be the world’s largest geothermal plant. The plant is scheduled to start supplying carbon-free electricity to the grid next year and to reach its 400-megawatt capacity in three years.

“Technologies like this only make a difference if we deploy them at large-scale in a way that can reduce carbon emissions and increase the reliability of the grid,” Fervo CEO Tim Latimer told Time in 2023.

The startup was named North American Company of the Year by research and consulting firm Cleantech Group for 2025. Fervo topped the Global Cleantech 100, Cleantech Group’s annual list of the world’s most innovative and promising cleantech companies.

Last year, Fervo also made Time’s list of the 200 Best Inventions of 2024. Fervo was recognized in the green energy category for its FervoFlex geothermal power system.

Founded in 2017, Fervo is now a unicorn, meaning its valuation as a private company exceeds $1 billion. The startup’s valuation is estimated at $1.4 billion. According to PitchBook data, the company raised $634 million in the fourth quarter of 2024.

In all, eight Houston-area companies appear among the top 250 greentech companies ranked by Time and Statista. Other than Fervo, they are:

  • No. 43 Lancium Technologies, an energy storage and distribution company
  • No. 50 Solugen, a producer of sustainable chemicals.
  • No. 56 Quaise Energy, which specializes in terawatt-scale geothermal power.
  • No. 129 Plus Power, a developer, owner and operator of battery storage projects.
  • No. 218 Dream Harvest, which promotes sustainable vertical farming.
  • No. 225 Cemvita, which uses synthetic biology to convert carbon emissions into bio-based chemicals.
  • No. 226 Syzygy Plasmonics, which decarbonizes chemical production.
Vermont-based BETA Technologies claimed the No. 1 spot. The company manufactures electric aircraft.