U.S. Secretary of Energy Jennifer M. Granholm made two big announcements at her CERAWeek address. Photo via Jennifer Granholm/X

The Department of Energy announced two major initiatives at U.S. Secretary of Energy Jennifer M. Granholm's address earlier this week at CERAWeek by S&P Global.

The first announcement Granholm revealed on Monday, March 18, at her keynote address was the DOE's latest Pathways to Commercial Liftoff report, which are initiatives established to provide investors with information of how specific energy technologies commercialize and what challenges they each have to overcome as they scale.

"We develop these Liftoff Reports through a combination of modeling and hundreds and hundreds of interviews with people across the whole investment lifecycle—from early-stage capital to commercial banks and institutional investors," Granholm says in her address.

The DOE has released eight already, and the ninth — and Granholm's favorite, she says — is on geothermal energy.

"Geothermal has such enormous potential. If we can capture the 'heat beneath our feet,' it can be the clean, reliable, base-load scalable power for everybody from industries to households," she says.

Geothermal development requires similar skills and infrastructure to traditional oil and gas, meaning the transition should be smooth, she explains, adding that the market is huge for geothermal.

"At scale, this market is significant: We're talking about at least—at least—a $250 billion investment opportunity to meet the goal that we have of 90 gigawatts of capacity by 2050," she remarks.

Granholm's address shifted into acknowledging the negative impact on communities the energy industry's history is paved with. She emphasizes how each of the Biden Administration's laws passed — like the Inflation Reduction Act and the Bipartisan Infrastructure Law — implemented requirements and incentives with communities in mind.

The administration's next initiative, and Granholm's second big announcement, is "to empower communities to build their energy future."

Regional Energy Democracy Initiative, or REDI, as Granholm describes, will "bring together companies, and community groups, and academic institutions, and philanthropy to weave equity and justice into DOE-funded clean energy projects."

The inaugural pilot will be in the Gulf South across Texas and Louisiana. She says the DOE plans to award over $8 billion to regional carbon reduction and clean energy infrastructure projects.

"These structures will provide capacity building, technical assistance to help communities match their most pressing needs with the biggest opportunities…to design and to implement Community Benefits Plans," Granholm says, "in short, really to have a say in how the historic clean energy investments in their backyards are going to benefit their people."

Granholm also noted on the progress of the clean energy sector, including how clean energy investment is three times what it was in 2018 and that in 2024, wind and solar energy in the U.S. is expected to outpace coal generation for the first time.

All this progress, Granholm explains, in light of global events and global energy supply disruption

"But our work together really has to extend beyond crisis management," she says. "Because the sooner that we acknowledge this transition for what it is—an undeniable, inevitable, and necessary realignment of the world’s energy system—the sooner we can capitalize on this incredible opportunity."

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Houston students take home top prizes at DOE wind energy competition

wind winners

The student-led Rice Wind Energy team clinched second place overall at the U.S. Department of Energy’s 2025 Collegiate Wind Competition (CWC), which challenges students nationwide to design and build wind turbines, develop wind energy projects and engage in public outreach to promote renewable energy.

“The Collegiate Wind Competition is such an incredible opportunity for students passionate about sustainability to gain industry-applicable, hands-on experience in the renewable energy space,” senior and team vice president Jason Yang said in a news release.

The event was hosted by the National Renewable Energy Laboratories at the University of Colorado Boulder campus. Over 40 teams entered the competition, with just 12 advancing to the final stage. The competition comprises four core contests: connection creation, turbine design, turbine testing and project development.

Rice Wind Energy had the largest team with 26 students advancing to the final stage of the competition. It picked up a first-place win in the connection creation contest, and also placed third in the project development, fourth in turbine testing and fifth in turbine design contests.

“This accomplishment is a testament to our focus, teamwork and unwavering determination,” senior Esther Fahel, Rice Wind Energy’s 2024-25 president, said in a news release. “It’s a remarkable experience to have watched this team progress from its inception to the competition podium. The passion and drive of Rice students is so palpable.”

In the Connection Creation contest, the team hosted a wind energy panel with Texas Tech University, invited local high school students to campus for educational activities, produced a series of Instagram reels to address wind energy misconceptions and launched its first website.

The team also developed an autonomous wind turbine and floating foundation design that successfully produced over 20 watts of power in the wind tunnel. They were also one of just a few teams to complete the rigorous safety test, which brought their turbine to below 10 percent of its operational speed within 10 seconds of pressing an emergency stop button. It also designed a 450-megawatt floating wind farm located 38 kilometers off the coast of Oregon by using a multi-decision criteria matrix to select the optimal site, and conducted technical modeling.

“I am amazed at the team’s growth in impact and collaboration over the past year,” senior Ava Garrelts, the team’s Connection Creation lead for 2024-25, said in a news release. “It has been incredible to see our members develop their confidence by building tangible skills and lifelong connections. We are all honored to receive recognition for our work, but the entire experience has been just as rewarding.”

Rice faculty and industry sponsors included David Trevas and faculty advisers Gary Woods and Jose Moreto, Knape Associates, Hartzell Air Movement, NextEra Analytics, RWE Clean Energy, H&H Business Development and GE Vernova, Rice’s Oshman Engineering Design Kitchen, George R. Brown School of Engineering and Computing, Rice Engineering Alumni and Rice Center for Engineering Leadership.

The BYU Wind Energy Team took home the overall first-place prize. A team from the University of Texas at Dallas was the only other Texas-based team to make the 12-team finals.

Houston biotech company continues to expand in Brazil with new research partner

global expansion

Houston biotech company Cemvita has announced a strategic collaboration with Brazilian sustainable research institution REMA.

The move aims to promote Cemvita’s platform for evaluating and testing carbon waste streams as feedstocks for producing sustainable oil, according to the company.

Cemvita utilizes synthetic biology to transform carbon emissions into valuable bio-based chemicals. REMA professors Marcio Schneider and Admir Giachini have previously worked with Cemvita’s CTO, Marcio Busi da Silva, for approximately 20 years.

“This long-standing partnership reflects not only our strong professional ties, but also our shared commitment to advancing science and technology for a more sustainable future," Busi da Silva said in a news release.

REMA’s center is based in Florianópolis and is affiliated with the Federal University of Santa Catarina, which develops cost-effective environmental and technological solutions in automation, chemical engineering, biotech, environmental engineering and agronomy.

“Partnering with REMA in Florianópolis represents a significant step forward in our mission to transform carbon waste into valuable resources,” Tara Karimi, chief science and sustainability officer of Cemvita, said in a news release. “Together, we will enhance our platform’s capabilities, leveraging REMA’s expertise to evaluate and utilize diverse waste streams for sustainable oil production, further advancing the circular bioeconomy in Brazil and beyond.”

Cemvita recently expanded to Brazil to capitalize on the country’s progressive regulatory framework, which includes Brazil’s Fuel of the Future Law. The expansion also aimed to coincide with the 2025 COP30, the UN’s climate change conference, which will be hosted in Brazil in November.

Cemvita became capable of generating 500 barrels per day of sustainable oil from carbon waste at its first commercial plant in 2024, and as a result, Cemvita quadrupled output at its Houston plant. The company originally planned to reach this milestone in 2029.

Also in 2025, Cemvita announced a partnership with Brazil-based Be8 that focused on converting biodiesel byproduct glycerin into low-carbon feedstock to help support the decarbonization of the aviation sector. Cemvita agreed to a 20-year contract that specified it would supply up to 50 million gallons of SAF annually to United Airlines in 2023.

Houston earns No. 3 spot among cities with most Fortune 500 headquarters

biggest companies

Houston maintained its No. 3 status this year among U.S. metro areas with the most Fortune 500 headquarters. Fortune magazine tallied 26 Fortune 500 headquarters in the Houston area, behind only the New York City area (62) and the Chicago area (30).

Last year, 23 Houston-area companies landed on the Fortune 500 list. Fortune bases the list on revenue that a public or private company earns during its 2024 budget year.

On the Fortune 500 list for 2025, Spring-based ExxonMobil remained the highest-ranked company based in the Houston area as well as in Texas, sitting at No. 8 nationally. That’s down one spot from its No. 7 perch on the 2024 list. During its 2024 budget year, ExxonMobil reported revenue of $349.6 billion, up from $344.6 billion the previous year.

Here are the rankings and 2024 revenue for the 25 other Houston-area companies that made this year’s Fortune 500:

  • No. 16 Chevron, $202.8 billion
  • No. 28 Phillips 66, $145.5 billion
  • No. 56 Sysco, $78.8 billion
  • No. 75 Conoco Phillips, $56.9 million
  • No. 78 Enterprise Products Partners, $56.2 billion
  • No. 92 Plains GP Holdings, $50 billion
  • No. 143 Hewlett-Packard Enterprise, $30.1 billion
  • No. 153 NRG Energy, $28.1 billion
  • No. 155 Baker Hughes, $27.8 billion
  • No. 159 Occidental Petroleum, $26.9 billion
  • No. 183 EOG Resources, $23.7 billion
  • No. 184 Quanta Services, $23.7 billion
  • No. 194 Halliburton, $23 billion
  • No. 197 Waste Management, $22.1 billion
  • No. 214 Group 1 Automotive, $19.9 billion
  • No. 224 Corebridge Financial, $18.8 billion
  • No. 256 Targa Resources, $16.4 billion
  • No. 275 Cheniere Energy, $15.7 billion
  • No. 289 Kinder Morgan, $15.1 billion
  • No. 345 Westlake Corp., $12.1 billion
  • No. 422 APA, $9.7 billion
  • No. 443 NOV, $8.9 billion
  • No. 450 CenterPoint Energy, $8.6 billion
  • No. 474 Par Pacific Holdings, $8 billion
  • No. 480 KBR Inc., $7.7 billion

Nationally, the top five Fortune 500 companies are:

  • Walmart
  • Amazon
  • UnitedHealth Group
  • Apple
  • CVS Health

“The Fortune 500 is a literal roadmap to the rise and fall of markets, a reliable playbook of the world's most important regions, services, and products, and an indispensable roster of those companies' dynamic leaders,” Anastasia Nyrkovskaya, CEO of Fortune Media, said in a news release.

Among the states, Texas ranks second for the number of Fortune 500 headquarters (54), preceded by California (58) and followed by New York (53).