ExxonMobil, Rice launch sustainability initiative with first project underway

power partners

Under a new agreement, ExxonMobil and Rice University aim to develop “systematic and comprehensive solutions” to support the global energy transition. Photo via Getty Images.

Houston-based ExxonMobil and Rice University announced a master research agreement this week to collaborate on research initiatives on sustainable energy efforts and solutions. The agreement includes one project that’s underway and more that are expected to launch this year.

“Our commitment to science and engineering, combined with Rice’s exceptional resources for research and innovation, will drive solutions to help meet growing energy demand,” Mike Zamora, president of ExxonMobil Technology and Engineering Co., said in a news release. “We’re thrilled to work together with Rice.”

Rice and Exxon will aim to develop “systematic and comprehensive solutions” to support the global energy transition, according to Rice. The university will pull from the university’s prowess in materials science, polymers and catalysts, high-performance computing and applied mathematics.

“Our agreement with ExxonMobil highlights Rice’s ability to bring together diverse expertise to create lasting solutions,” Ramamoorthy Ramesh, executive vice president for research at Rice, said in the release. “This collaboration allows us to tackle key challenges in energy, water and resource sustainability by harnessing the power of an interdisciplinary systems approach.”

The first research project under the agreement focuses on developing advanced technologies to treat desalinated produced water from oil and gas operations for potential reuse. It's being led by Qilin Li, professor of civil and environmental engineering at Rice and co-director of the Nanosystems Engineering Research Center for Nanotechnology-Enabled Water Treatment (NEWT) Center.

Li’s research employs electrochemical advanced oxidation processes to remove harmful organic compounds and ammonia-nitrogen, aiming to make the water safe for applications such as agriculture, wildlife and industrial processes. Additionally, the project explores recovering ammonia and producing hydrogen, contributing to sustainable resource management.

Additional projects under the agreement with Exxon are set to launch in the coming months and years, according to Rice.

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Rice University has established a new center that will work toward meeting the Environmental Protection Agency's strict standards for PFAS. Photo by Jeff Fitlow/Rice University

New research center at Rice aims to work toward strict EPA standards for forever chemicals

pfas r&d

Rice University announced a new research center that will focus on per- and polyfluoroalkyl substances (PFAS) called the Rice PFAS Alternatives and Remediation Center (R-PARC).

R-PARC promises to unite industry, policy experts, researchers, and entrepreneurs to “foster collaboration and accelerate the development of innovative solutions to several PFAS challenges,” according to a news release. Challenges include comprehensive PFAS characterization and risk assessment, water treatment infrastructure upgrades, contaminated site remediation, and the safe alternatives development.

“We firmly believe that Rice is exceptionally well-positioned to develop disruptive technologies and innovations to address the global challenges posed by PFAS,” Rice President Reginald DesRoches says in a news release. “We look forward to deepening our relationship with ERDC and working together to address these critical challenges.”

The Environmental Protection Agency issued its stringent standards for some of the most common PFAS, which set the maximum contaminant level at 4.0 parts per trillion for two of them. Pedro Alvarez, Rice’s George R. Brown Professor of Civil and Environmental Engineering, director of the WaTER Institute, likened this in a news release to “four drops in 1,000 Olympic pools,” and also advocated that the only way to meet these strict standards is through technological innovation.

The center will be housed under Rice’s Water Technologies Entrepreneurship and Research (WaTER) Institute that was launched in January 2024. The WaTER Institute has worked on advancements in clean water technology research and applications established during the decade-long tenure of the Nanosystems Engineering Research Center for Nanotechnology Enabled Water Treatment, which was funded by the National Science Foundation.

“The challenge of PFAS cuts across several of the four major research trajectories that define Rice’s strategic vision,” Rice’s executive vice president for research and professor of materials science and nanoengineering and physics and astronomy Ramamoorthy Ramesh, adds in the release. “R-PARC will help focus and amplify ongoing work on PFAS remediation at Rice.”

The ERDC delegation was led by agency director David Pittman who also serves as the director of research and development and chief scientist for the U.S. Army Corps of Engineers. ERDC representatives also met with several Rice researchers that were involved in work related to the environment, and sustainability, and toured the labs and facilities.

Junichiro Kono has assumed leadership of the Smalley-Curl Institute at Rice University. Photo via Rice.edu

Rice names new leader for prestigious nanotechnology, materials science institute

take the lead

A distinguished Rice University professor has assumed the reins of a unique institute that focuses on research within nanoscience, quantum science, and materials science.

Junichiro Kono has assumed leadership of the Smalley-Curl Institute, which houses some of the world’s most accomplished researchers across fields including advanced materials, quantum magnetism, plasmonics and photonics, biophysics and bioengineering, all aspects of nanoscience and nanotechnology, and more.

“With his great track record in fostering international research talent — with student exchange programs between the U.S., Japan, Taiwan, China, Singapore and France that have introduced hundreds of students to new cultures and ways of researching science and engineering — Jun brings a wealth of experience in building cultural and technological ties across the globe,” Ramamoorthy Ramesh, executive vice president for research, says in a news release.

Kono is the Karl F. Hasselmann Professor in Engineering, chair of the Applied Physics Graduate Program and professor of electrical and computer engineering, physics and astronomy and materials science and nanoengineering, and is considered a global leader in studies of nanomaterials and light-matter interactions. He currently leads Rice’s top 10-ranked Applied Physics Graduate Program.

Under his leadership, the program is expected to double in size over. By 2029. The Smalley-Curl Institute will also add additional postdoctoral research fellowships to the current three endowed positions.

The Smalley-Curl Institute is named for Nobel Laureates Richard Smalley and Robert Curl (‘54). Earlier in his career, Kono once worked with Smalley on the physical properties of single-wall carbon nanotubes (SWCNTs), which led to the experimental discovery of the Aharonov-Bohm effect on the band structure of SWCNTs in high magnetic fields.

“I am deeply honored and excited to lead the Smalley-Curl Institute,” Kono says in a news release. “The opportunity to build upon the incredible legacy of Richard Smalley and Robert Curl is both a privilege and a challenge, which I embrace wholeheartedly. I’m really looking forward to working with the talented researchers and students at Rice University to further advance our understanding and application of nanomaterials and quantum phenomena. Together, we can accomplish great things.”

Kono succeeds Rice professor Naomi Halas as director of the institute. Halas is the Stanley C. Moore Professor of Electrical and Computer Engineering and the founding director of the Laboratory for Nanophotonics.

At Houston event, the Department of Energy’s Advanced Research Projects Agency-Energy announced $100 million in cleantech funding. Photos by Jeff Fitlow/Rice University

National agency announces $100M in funding for energy advancement at Houston event

seeing green

Rice University played host to the first-of-its-kind event from the Department of Energy’s Advanced Research Projects Agency-Energy, or ARPA-E, earlier this month in which the governmental agency announced $100 million in funding for its SCALEUP program.

Dubbed “ARPA-E on the Road: Houston,” the event welcomed more than 100 energy innovators to the Hudspeth Auditorium in Rice’s Anderson-Clarke Center on June 8. Evelyn Wang, director of ARPA-E, announced the funding, which represents the third installment from the agency for its program SCALEUP, or Seeding Critical Advances for Leading Energy technologies with Untapped Potential, which supports the commercialization of clean energy technology.

The funding is awarded to previous ARPA-E awardees with a "viable road to market" and "ability to attract private sector investments," according to a statement from the Department of Energy. Previous funding was granted in 2019 and 2021.

"ARPA-E’s SCALEUP program has successfully demonstrated what can happen when technical experts are empowered with the commercialization support to develop a strong pathway to market” Wang said. “I’m excited that we are building on the success of this effort with the third installment of SCALEUP, and I look forward to what the third cohort of teams accomplish.”

Rice Vice President for Research Ramamoorthy Ramesh also spoke at the event on how Rice is working to make Houston a leader in energy innovation. Joe Zhou, CEO of Houston-based Quidnet Energy, also spoke on a panel about how ARPA-E funding benefited his company along with Oregon-based Onboard Dynamics’s CEO Rita Hansen and Massachusetts-based Quaise Energy’s CEO Carlos Araque.

Attendees were able to ask questions to Wang and ARPA-E program directors about the agency’s funding approach and other topics at the event.

Houston energy innovators have benefited from programs like SCALEUP.

Quidnet Energy received $10 million in funding from ARPA-E as part of its SCALEUP program in 2022. The company's technology can store renewable energy for long periods of time in large quantities.

In January, Houston-based Zeta Energy also announced that it has secured funding from ARPA-E. The $4 million in funding came from the agency's Electric Vehicles for American Low-Carbon Living, or EVs4ALL, program. Zeta Energy is known for its lithium sulfur batteries

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Rice Alliance, Greentown name winners of Houston Energy and Climate Week pitch competitions

winner winners

Approximately 100 startups from around the world pitched their breakthrough technologies and businesses during Houston Energy and Climate Week, with a select few taking home top prizes and bragging rights.

Each year, investors at the Rice Alliance Energy Technology Venture Forum name the 10 most-promising startups. Greentown's Climatetech Summit also culminates in a pitch event, where member companies can earn cash prizes.

Here's here won at two of the week's anchor events and competitions.

Rice Alliance Energy Tech Venture Forum

The 23nd annual event was held Thursday, Sept. 17, at Rice University’s Jones Graduate School of Business. The most-promising companies were selected by industry experts and participating investors attending the event.

The 10 most-promising companies included:

Australia-based Aquafortus, which has developed a non-thermal liquid to liquid desalination technology for resource recovery from wastewater brine
Houston-based Focis AI, which converts industrial laser scans into a queryable digital twin of refineries and plants
Houston-based ironlattice, a semiconductor manufacturing company
Houston-based Licube, which has developed technology to produce ultra-high-purity lithium compounds for the fusion energy, pharmaceuticals, semiconductors and high-performance solid-state battery sectors
Houston-based Mars Materials, a clean chemical manufacturing business that is working to convert captured carbon into resources, such as carbon fiber and wastewater treatment chemicals
Dallas-based MCatalysis, which has developed a suite of proprietary microwave-driven catalysts to produce high-quality, ready-to-use fuels compatible with existing infrastructure
Oslo, Norway-based OTee, an automation machinery manufacturer
Houston-based Pike Robotics, which deploys its Wall-Eye robot to inspect hazardous tanks without taking assets offline
New Mexico-based Spiritus, a direct-air-capture (DAC) technology company
San Francisco-based UptimeAI Inc., which develops AI reasoning agents for industrial operations teams

Stellai won the People's Choice Award. The Norwegian company develops AI products for the waste management industry.

The energy technology ventures selected to participate in the forum were named earlier this year. See the full list here, and read about last year's winners here.

Greentown Lab's Climatetech Summit

The annual summit was held Wednesday, Sept. 16, featured a number of Houston startups in its pitch competition and lighting pitch round. Judges included Dave Dreessen,, Jon Greene, Naval Preet Singh, Philip Llewellyn, Erin Madro, Justin Yeung, Jay Kim, Rawand Rasheed and Moji Karimi.

Pitch winners included:

First place: Elementium Materials' CEO Matthew Dawson, winning a $10,000 cash prize sponsored by TotalEnergies plus another $10,000 in legal services sponsored by Foley Hoag. The company develops advanced battery electrolytes. It is a Greentown Boston member; though Dawson is based in Houston.
Second place: Houston-based Solidec CEO and co-founder Ryan DuChanois, winning $5,000 in legal services sponsored by Foley Hoag. The company electrolyzes air, water and electricity into onsite hydrogen peroxide.

Lightening pitch winners included:

First place: Montana-based MagDrive Technologies, winning a $1,000 cash prize sponsored by Energy Transition Ventures. The company develops magnetically actuated, zero-emission valve systems that eliminate fugitive emissions and improve reliability.
Second place: Houston-based HEXASpec, winning a $500 cash prize sponsored by Foley Hoag. The company has created a new material to improve heat management for the semiconductor industry.

Read Greentown's recap of the summit here.

Houston Energy and Climate Week announced that the 2027 event will move to the spring, held April 4-10.

Kanin Energy raises up to $100M for waste-heat-to-power projects

fresh funding

Kanin Energy, a member of the Greentown Labs climatech and energy incubator in Houston, recently raised as much as $100 million in capital to grow its energy-as-a-service platform.

S2G Investments led a round of up to $50 million, and the Canada Growth Fund chipped in an additional $50 million. The money will primarily support Kanin’s development and operation of waste-heat-to-power projects.

Kanin—founded in 2020 in Calgary, Alberta, Canada—builds and runs onsite power assets for large-scale energy users. The startup says its energy-as-a-service offering lowers power costs, boosts power reliability and decreases emissions.

The company operates a waste-heat-to-power project at Ohio’s University of Dayton. The project supplies zero-emission electricity.

Kanin has a pipeline of projects totaling about 50 megawatts of capacity. This includes a waste-heat-to-power plant at the Phillips 66 Mewbourn gas-processing plant near Greeley, Colorado.

“Kanin was built on the belief that industrial facilities already hold the solution to their own energy challenges, they just need the right partner to execute,” Janice Tran, CEO of Kanin, who is based in Houston, said in a release. “At a time when power costs continue to rise, [our] solutions are an important tool for our industrial customers to manage their costs, operations, and emissions.”

Marisa Sweeney, principal at S2G, says waste heat is a largely underused resource for lowering power costs, alleviating grid congestion and improving power reliability.

The waste-heat-to-power process captures thermal energy from industrial activities and converts it to electricity. This happens without using extra fuel or generating more emissions.

Kanin says up to 58 percent of energy consumed by industrial processes is lost as waste heat. This heat winds up in the atmosphere at thousands of facilities in North America, including oil-and-gas operations, cement plants, and steel mills, the startup says.

Kanin was founded in 2020 in Calgary, Alberta, Canada. It opened offices at Greentown Labs Houston in July 2022.

7 Houstonians from energy sector make Forbes list of richest Americans

Rich List

The richest billionaires in America have a collective worth of $8 trillion in 2026, a staggering $1.4 trillion increase since last year, says Forbes. American billionaires are so wealthy that it now takes an unprecedented $4.4 billion net worth to be considered one of the richest people in the country. And one local billionaire has regained the title as Houston's wealthiest resident.

The annual Forbes 400 list is a definitive ranking of the wealthiest Americans, using interviews, financial data, and documentation provided by billionaires and their companies. In all, 43 billionaires across Texas made it on the 2026 list, and 10 are based in Houston. Seven of them have ties to the energy industry.

Oil tycoon Jeffery Hildebrand, 67, now reigns as the No. 1 richest Houstonian, the 9th richest Texan, and the 88th richest person in America for 2026. Hildebrand's net worth has surged $4.7 billion since last year, bringing his current net worth to $14.7 billion. He cofounded Hilcorp, one of the largest privately owned oil and natural gas producers in the U.S., in 1990 and served as its CEO until 2018. He still serves as the chairman of the company.

Kinder Morgan chairman Richard Kinder is the No. 2 richest in Houston. Kinder, 81, was dubbed Houston's richest billionaire in the 2025 Forbes 400 list. His net worth has increased from $11.1 billion to $12.9 billion in just one year. He is the 11th richest Texan and the 100th richest person in America.

Houston pipeline heir Randa Duncan Williams ranks 124th on the list with an estimated net worth of $11.7 billion. Fellow pipeline heirs Dannine Avara and Milane Frantz tie for 128th nationally. Each has an estimated net worth of $11.6 billion. Scott Duncan ties for No. 137 with an $11.3 billion estimated net worth.

Energy exploration chief executive George Bishop of GeoSothern Energy ranks No. 380 with an estimated net worth of $4.5 billion. Last year: $4.7 billion.

Here's how the rest of Houston's billionaires, outside of the energy industry, ranked on this year's list:

Toyota mega-dealer Dan Friedkin, 61, is the 102nd richest American with an estimated net worth of $12.9 billion, up from $9.7 billion last year. He most notably owns Gulf States Toyota, which sold $14.5 billion worth of Toyotas in 2025, per Forbes.
Hospitality honcho Tilman Fertitta, 69, has a net worth of $12.3 billion and is the 110th richest American. Fertitta owns hospitality corporation Fertitta Entertainment and the NBA team Houston Rockets. He most recently purchased the WNBA's Connecticut Sun and plans to relocate them to Houston under the Houston Comets name in 2027. He also keeps himself busy as President Trump's ambassador to Italy.
Texans owner and CEO Cal McNair, 64, ranks as the 218th richest person in America with an estimated net worth of $7.7 billion.

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A version of this article first appeared on CultureMap.com.

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