Air Liquide and Hyundai ink partnership to scale hydrogen economy

green team

Air Liquide and Hyundai agreed to expand hydrogen refuelling networks, storage capacity and more at a meeting in Seoul last week. Photo courtesy Air Liquide.

Air Liquide, which maintains its U.S. headquarters in Houston, and South Korea-based Hyundai Motor Group are expanding their strategic partnership to accelerate the growth of the global hydrogen ecosystem.

The renewal of the companies’ Memorandum of Understanding (MoU) was announced at the Hydrogen Council CEO Summit in Seoul last week. Together, the companies will work to scale hydrogen production, storage, transportation and utilization across Europe, Korea and the United States with a concentration on heavy-duty transport, logistics and public transportation.

Hyundai hopes Air Liquide's technical expertise will help contribute to more sustainable energy and carbon neutrality.

The companies plan to develop hydrogen refueling networks and storage capacity that can meet growing demands. They also plan to commercialize fuel cell electric vehicles (FCEVs) for diverse applications like public transportation, logistics fleets and ports.

"We are delighted to strengthen our partnership with Hyundai Motor Group,” Armelle Levieux, vice president of innovation, electronics and hydrogen at Air Liquide, said in a news release. “Collaborations like this between leaders across the value chain are essential to building the hydrogen economy.”

The partnership has already shown strong progress in South Korea, according to the companies, with Hyundai rolling out more than 2,000 hydrogen buses and 37,000 passenger fuel cell vehicles, with more expected by 2026. Additionally, Air Liquide has boosted supply capabilities in the region with the new state-of-the-art high-pressure hydrogen filling center, Lotte-Air Liquide Ener’Hy, in Daesan, an industrial hub near Seoul.

Air Liquide and Hyundai previously signed an MoU in 2018, along with other major South Korean players, agreeing to grow the hydrogen economy.

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HYCO1 has signed an agreement to convert 1 million tons per year of raw CO2 into industrial-grade syngas at a new carbon capture project in Malaysia. Photo via Getty Images.

Houston climatech company signs on to massive carbon capture project in Malaysia

big deal

Houston-based CO2 utilization company HYCO1 has signed a memorandum of understanding with Malaysia LNG Sdn. Bhd., a subsidiary of Petronas, for a carbon capture project in Malaysia, which includes potential utilization and conversion of 1 million tons of carbon dioxide per year.

The project will be located in Bintulu in Sarawak, Malaysia, where Malaysia LNG is based, according to a news release. Malaysia LNG will supply HYCO1 with an initial 1 million tons per year of raw CO2 for 20 years starting no later than 2030. The CCU plant is expected to be completed by 2029.

"This is very exciting for all stakeholders, including HYCO1, MLNG, and Petronas, and will benefit all Malaysians," HYCO1 CEO Gregory Carr said in the release. "We approached Petronas and MLNG in the hopes of helping them solve their decarbonization needs, and we feel honored to collaborate with MLNG to meet their Net Zero Carbon Emissions by 2050.”

The project will convert CO2 into industrial-grade syngas (a versatile mixture of carbon monoxide and hydrogen) using HYCO1’s proprietary CUBE Technology. According to the company, its CUBE technology converts nearly 100 percent of CO2 feed at commercial scale.

“Our revolutionary process and catalyst are game changers in decarbonization because not only do we prevent CO2 from being emitted into the atmosphere, but we transform it into highly valuable and usable downstream products,” Carr added in the release.

As part of the MoU, the companies will conduct a feasibility study evaluating design alternatives to produce low-carbon syngas.

The companies say the project is expected to “become one of the largest CO2 utilization projects in history.”

HYCO1 also recently announced that it is providing syngas technology to UBE Corp.'s new EV electrolyte plant in New Orleans. Read more here.

The two companies will work closely with UH's Repurposing Offshore Infrastructure for Clean Energy Project Collaborative, or the ROICE project. Photo via UH.edu

UH to explore repurposing offshore tech for clean energy with new partnership

teaming up

The University of Houston has signed a memorandum of understanding with two Houston-based companies that aims to repurpose offshore infrastructure for the energy transition.

The partnership with Promethean Energy and Endeavor Management ensures that the two companies will work closely with UH's Repurposing Offshore Infrastructure for Clean Energy Project Collaborative, or the ROICE project. The collaborative is supported by about 40 institutions to address the economic and technical challenges behind repurposing offshore wells, according to a statement from UH. It's funded in part by the Department of the Treasury through the State of Texas.

“These MOUs formalize our mutual commitment to advance the industry's implementation of energy transition strategies,” Ram Seetharam, Energy Center officer and ROICE program lead, said in the statement. “Together, we aim to create impactful solutions that will benefit both the energy sector and society as a whole.”

UH announced the partnership last week. Photo via UH.edu

Promethean Energy develops, produces, and decommissions mature assets in a cost-effective and environmentally sustainable manner. It began working on the temporary abandonment of nine wells located in the Matagorda Island lease area in the Gulf of Mexico earlier this year.

According to Clint Boman, senior vice president of operations at Promethean, it is slated to become the first ROICE operator of a repurposed oil and gas facility in the Gulf of Mexico.

"Promethean Energy is focused on being the best, last steward of offshore oil and gas production assets, and our strategy is fully aligned with an orderly energy transition,” Borman said in the statement.

Endeavor Management is a consulting firm that works in several industries, including oil and gas, industrial service, transportation, technology and more.

“Our collaboration for this ROICE phase and with the RPC will blend our offshore operations expertise, our years of experience addressing evolving regulatory requirements with our decades of creating innovative commercial enterprises to meet the demands of energy transition” John McKeever, chief growth officer of Endeavor Management, said in the statement. “Together, we will create the blueprint that drives real business impact with the application of clean energy principles.”

The new partnerships will help foster ROICE's second phase. The first was focused on research and reports on how to implement ROICE projects, with the latest published earlier this month. This second phase will focus on innovation and implementation frameworks.

Additionally, at the signing of the MOU, ROICE revealed its new logo that features an oil and gas platform that's been transformed to feature wind turbines, a hydrogen tank and other symbols of the energy transition.

This spring, UH signed a memorandum of understanding with Heriot-Watt University in Scotland to focus on hydrogen energy solutions. The following month, Rice University announced it had inked a strategic partnership agreement with Université Paris Sciences & Lettres to collaborate on "fields of energy and climate," among other pressing issues. Click here to read more.

The two entities will collaborate on work focused on "fields of energy and climate; quantum computing and artificial intelligence; global health and medicine; and urban futures." Photo via Rice University

Houston university inks partnership with giant French research institution

team work

Rice University and Université Paris Sciences & Lettres signed a strategic partnership agreement last week that states that the two institutions will work together on research on some of today's most pressing subject matters.

According to an announcement made on May 13 in Paris, the two schools and research hubs will collaborate on work focused on "fields of energy and climate; quantum computing and artificial intelligence; global health and medicine; and urban futures."

The partnership allows Rice to expand its presence in France, after launching its Rice Global Paris Center about two years ago.

Université PSL consists of 11 top research institutes in France and 2,900 world-class researchers and 140 research laboratories.

“We are honored and excited to partner with Paris Sciences and Lettres University and join forces to advance bold innovation and find solutions to the biggest global challenges of our time,” Rice President Reginald DesRoches said in a statement. “The unique strengths and ambitions of our faculty, students, scholarship and research are what brings us together, and our passion and hope to build a better future for all is what will drive our partnership agenda. Representing two distinct geographic, economic and cultural regions known for ingenuity and excellence, Rice and PSL’s efforts will know no bounds.”

Rice and Université PSL plan to host conferences around the four research priorities of the partnership. The first took place last week at the Rice Global Paris Center. The universities will also biannually select joint research projects to support financially.

“This is a global and cross-disciplinary partnership that will benefit from both a bottom-up, research-driven dynamic and a top-down commitment at the highest level,” PSL President Alain Fuchs said in a statement. “The quality and complementarity of the researchers from PSL and Rice who mobilized for this event give us reason to believe that this partnership will get off to a rapid and productive start. It will offer a strong framework to all the PSL schools for developing collaborations within their areas of strength and their natural partners at Rice.”

Rice launched its Rice Global Paris Center in June 2022 in a historic 16th-century building in Le Marais. At the time it, the university shared that it was intended to support Rice-organized student programs, independent researchers, and international conferences, as well as a satellite and hub for other European research activity.

"Rice University's new home in the Marais has gone from an idea to a mature relative with a robust program of faculty research summits, student opportunities, cultural events and community engagement activities," Caroline Levander, Rice's global Vice President, said at the announcement of the partnership last week.

Click here to learn more about the Global Paris Center.

Last month, University of Houston also signed a memorandum of understanding with Heriot-Watt University in Scotland to focus on hydrogen energy solutions.

UH President Renu Khator (right) and Principal, Vice-Chancellor and Professor of HWU Richard A. Williams signed the memorandum earlier this month. Photo via UH.edu

UH inks international partnership for hydrogen solutions

mou for hou

The University of Houston and Heriot-Watt University in Scotland signed a memorandum of understanding earlier this month that celebrates an official partnership between the schools in education, research and innovation for the energy transition.

The universities will particularly focus on hydrogen energy solutions, according to a statement from UH.

"I am thrilled to witness the official celebration of our shared commitment to advancing transformative energy solutions,” Ramanan Krishnamoorti, vice president for energy and innovation at UH, says in a statement. “Through this partnership, we aim to harness our collective expertise to address pressing energy challenges and drive sustainable innovation on a global scale."

UH President Renu Khator and Principal, Vice-Chancellor and Professor of HWU Richard A. Williams signed the memorandum on April 11. Faculty members from UH and HWU then held a two-day technology workshop in Houston where the teams discussed areas of collaboration and future projects.

Through the partnership, the schools aim to offer more opportunities for students and faculty via interdisciplinary research, student exchange programs, joint degree offerings and industry partnerships around the world. HWU, for instance, has five campuses throughout Scotland, the UAE and Malaysia.

“This agreement represents a pivotal milestone in the international development of our global research institutes, forging a new partnership to address the most pressing societal challenges that lie ahead,” Gillian Murray, deputy principal of business and enterprise at HWU who attended the signing, adds in the statement.

Houston has been a hub for notable partnerships focused on the energy transition in recent months.

The Greater Houston Partnership and the Houston Energy Transition Initiative announced last month during CERAWeek that they had signed a memorandum of understanding with Argonne National Laboratory, a federally-funded research and development facility in Illinois owned by the United States Department of Energy and run by UChicago Argonne LLC of the University of Chicago.

The partnership aims to spur the development of commercial-scale energy transition solutions.

These appointments are part of a memorandum of understanding that Argonne, located in the Chicago area, recently signed with the Greater Houston Partnership. Photo via UH.edu

3 top DOE researchers take professor positions at University of Houston

new hires

Three top researchers at the U.S. Department of Energy’s Argonne National Laboratory have accepted joint appointments at the University of Houston.

“This strategic collaboration leverages the combined strengths of Argonne and the [university] to further critical research efforts, public-private partnerships, and educational opportunities for students in the energy transition and lead to transformational advancement of commercial scale energy industries,” Ramanan Krishnamoorti, vice president for energy and innovation at UH, says in a news release.

These appointments are part of a memorandum of understanding that Argonne, located in the Chicago area, recently signed with the Greater Houston Partnership. The agreement seeks to accelerate decarbonization efforts in the Houston area.

The three scientists appointed to positions are UH are:

Zach Hood, whose appointment is in the Department of Electrical and Computer Engineering at the UH Cullen College of Engineering. He’ll be hosted by Yan Yao, a UH professor who is principal investigator at the Texas Center for Superconductivity.
Jianlin Li, whose appointment also is in the Department of Electrical and Computer Engineering. He plans to establish a dry room facility at UH and conduct research on energy storage technologies, electrode processing, and cell manufacturing.
Michael Wang, the inaugural Distinguished Senior Scholar at UH’s Energy Transition Institute. His objectives include advancing research in decarbonizing the oil and gas sector through carbon management and transitioning to renewable energy sources. Wang will conduct seminars and present lectures in environmental sustainability, lifecycle, and techno-economic analysis of energy technologies, while helping Argonne tap into the university’s talent pool.

“With more than 30 years of experience, Dr. Wang brings critical tools and expertise to the UH Energy Transition Institute, which is dedicated to unlocking the transformative potential within three critical domains: hydrogen, carbon management, and circular plastics,” says Joe Powell, founding executive director of the Energy Transition Institute. “These areas not only present opportunities for reshaping the energy sector but also stand as pillars for societal sustainable development and decarbonization.”

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Houston’s Fervo Energy amasses $12B backlog of orders

q3 results

Houston-based geothermal power company Fervo Energy saw a 65 percent spike in purchase orders during the third quarter.

During Fervo’s third-quarter earnings call, Tim Latimer, co-founder, chair, president and CEO, said the company had a $11.9 billion backlog of orders, up from $7.2 billion in the previous quarter.

Those numbers didn’t translate to robust financial results in the third quarter, though. It closed the quarter with an operating loss of $43 million on revenue of just $116,000.

Beyond the billions of dollars in signed purchase agreements, Fervo is in talks with prospective customers in the utility, industrial data-center sectors, Latimer said. About half the potential customers are in the data-center sector, 35 percent in the utility sector and 15 percent in the industrial sector.

Latimer said the broad-based demand reflected by the backlog and the discussions with potential customers reinforces the critical need for reliable, readily available power.

“Our approach to power delivery will continue to blend front-of-the-meter and behind-the-meter development,” he said. “Grid-connected assets remain the foundation, though behind-the-meter gives customers a faster path to power when transmission time lines lag their need.”

Front-of-the-meter refers to power plants, utility-scale solar and wind farms, large grid batteries, and transmission and distribution infrastructure. Behind-the-meter assets sit on the customer side of the meter, such as backup generators and EV chargers at homes, businesses, factories and other everyday places.

The order backlog isn’t Fervo’s only recent milestone. In late September, the company’s Cape Station geothermal plant in Utah started delivering its first utility-scale geothermal power to the grid. The plant is producing about 33 megawatts of power.

Earlier in September, Fervo signed a 15-year deal to supply about 396 megawatts of power for Google data centers. The power will be delivered in four 99-megawatt batches. The company filed its $1.89 billion IPO this spring.

3 Houston incubators supporting hard tech, energy transition, and beyond

Meet The Finalists

It takes a village to launch a business. That's where Houston's network of incubators and accelerators can step in, providing the resources, mentorship and community needed to push a fledgling company forward.

As part of InnovationMap's 2026 Houston Innovation Awards, the Incubator/Accelerator of the Year category honors a local organization that is championing and fueling the growth of Houston startups.

Three incubators and accelerators have been named finalists for the 2026 award. They support startups ranging from hard tech companies to food and youth concepts.

Read more about these organizations below. The 2026 winners will be announced on InnovationMap.com in mid-November.

Activate

Hard tech incubator Activate supports scientists in "the outset of their entrepreneurial journey." The Houston hub was introduced in 2024, and joins others in Boston, New York, and Berkley, California—where Activate is headquartered. It named its third Houston cohort this summer.

The two-year program graduated its first class of Houston fellows in 2026 and saw its first alumni IPO from Houston-based Fervo Energy, which previously participated in a Berkley cohort. Nationally, it has supported 346 fellows and 276 companies since 2015. Those companies have raised more than $6 billion in follow-on funding, according to Activate. In Houston, it has supported Houston startups like energy transition leaders Solidec and FlowCellutions. Activate Houston is led by managing director Jeremy Pitts, who co-founded Greentown Labs in Boston. It is based out of the Ion.

Impact Hub Houston

Impact Hub Houston supports early-stage ventures at various stages of development through innovative programs that address pressing societal issues. The nonprofit organization supports social impact startups through mentorship, connections and training opportunities.

There are more than 110 Impact Hubs globally with members spanning 72 countries. Launched in 2018, Impact Hub Houston says its membership tripled by the beginning of 2026. This year brought major milestones for the community, including the launch of its Ideas to Impact Accelerator, which supported 11 founders across the health, education, food systems, civic technology and workforce development sectors. It also received funding from more than 20 international Impact Hubs to develop SYNC, a collaboration platform that 25 Impact Hubs across five continents have committed to pilot. The organization has worked with local startups including Myoviva Health, The Change Lab and INNERVERSE Inc.

MarMo Innovation

Galveston-based business incubator MarMo Innovation is focused on removing barriers to entrepreneurship. It aims to provide affordable space, education, mentorship, market access, connections and real-world opportunities that help entrepreneurs move from idea to launch to sustainable growth. The "industry-agnostic" incubator was founded in 2022 and is led by Executive Director Erica Delgadillo.

This year, the organization moved from primarily serving as a coworking and community space into a more comprehensive entrepreneurial incubator by expanding its MarMo Market, MarMo Market Jr. and Lunch LineUp programs. A major focus for MarMo is food entrepreneurship. It is developing an Incubator Kitchen, which MarMo says will support programs like its Cottage to Commercial Bootcamp and Food Biz 101. The organization also expanded its board this year and says it is diversifying its revenue through memberships, events, markets, equipment and space rentals, sponsorships, grants and new entrepreneurial programming.

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This article first appeared on InnovationMap.com.

Sage Geosystems taps Halliburton to advance Nevada geothermal project

power partnership

Houston-based Sage Geosystems has selected oil and gas powerhouse Halliburton to provide cementing and stimulation services at its enhanced geothermal project in Nevada known as Project Vector.

“Our technology and experience will support Sage as it advances its geopressured geothermal technology,” Shawn Skobel, vice president at Halliburton, said in a news release.

Halliburton will provide Sage with technical modeling, engineering design, and field execution support as part of its specialized cementing and stimulation services at Project Vector at Ormat Technologies' Blue Mountain geothermal power plant. Sage announced the location of the geothermal project in September.

At the time, Sage said it expected to begin drilling the first well at Project Vector this year, with the first electricity to be generated in 2027 and full-scale production to start in 2028.

The project will use Sage’s enhanced geothermal systems (EGS) method in a two-well system to convert geothermal heat into electricity. The project aims to help meet industrial and residential demand, especially as data centers strain energy grids.

Founded in 2020, Sage has raised $159 million across three funding rounds. Its technology aims to reach Earth’s natural heat source deep underground for more consistent power generation and utilizes engineered subsurface reservoirs to minimize water and energy losses and increase net power output. Through the process, Sage says it can enable reliable, 24/7 power generation.

“One of the keys to scaling next-generation geothermal is combining innovative subsurface technology with the proven capabilities and execution of the oil and gas industry,” Jason Peart, Chief Operating Officer of Sage Geosystems, added in the news release. “Halliburton brings decades of experience in well integrity and reservoir stimulation, two critical components of our development approach. By selecting an established industry leader, we are strengthening our ability to execute Project Vector and demonstrate that Sage’s technology can be replicated and deployed commercially across a broad range of geologies.”

Sage is building off prior success of its South Texas SMECI facility, which began operations in August. Project Vector supports Sage’s growing commercial pipeline, which includes a 150-megawatt geothermal power agreement with Meta.

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