The Carbon to Value Initiative kicks off this week at Greentown Houston. Photo via GreentownLabs.com

A carbon innovation initiative in collaboration with Greentown Houston has named its new cohort.

The Carbon to Value Initiative (C2V Initiative) — a collaboration between NYU Tandon School of Engineering's Urban Future Lab (UFL), Greentown Labs, and Fraunhofer USA — has named nine startup participants for the fourth year of its carbontech accelerator program.

"Once again, the C2V Initiative has been able to select some of the most promising carbontech startups through a very competitive process with a 7 percent acceptance rate," Frederic Clerc, director of the C2V Initiative and interim managing director of UFL, says in a news release. "The diversity of this cohort, in its technologies, products, geographies, and stages, makes it an amazing snapshot of the rapidly evolving carbontech innovation landscape."

The cohort was selected from over a hundred applications from nearly 30 countries. In the six-month program, the nine companies gain access to the C2V Initiative's Carbontech Leadership Council, an invitation-only group of corporate, nonprofit, and government leaders who provide commercialization opportunities and identify avenues for technology validation, testing, and demonstration.

The year four cohort, according to the release, includes:

  • Ardent, from New Castle, Delaware, is a process technology company that is developing membrane-based solutions for point-source carbon capture and other chemical separations.
  • CarbonBlue, from Haifa, Israel, develops a chemical process that mineralizes and extracts CO2 from water, which then reabsorbs more atmospheric CO2.
  • MacroCycle, from Somerville, Massachusetts, develops a chemical recycling process to turn polyethylene terephthalate (PET) and polyester-fiber waste into "virgin-grade" plastics.
  • Maple Materials, from Richmond, California,develops an electrolysis process to convert CO2 into graphite and oxygen.
  • Oxylus Energy, from New Haven, Connecticut, develops a direct electrochemical process to convert CO2 into fuels and chemical feedstocks, such as methanol.
  • Phlair, from Munich, Germany, develops a renewable-energy-powered Direct Air Capture (DAC) system using an electrochemical process for acid and base generation.
  • Secant Fuel, from Montreal, Quebec, Canada, develops a one-step electrocatalytic process that converts flue gas into syngas.
  • RenewCO2, from Somerset, New Jersey, is developing an electrochemical process to convert CO2 into fuels and chemicals, such as sustainable aviation fuel (SAF) or propylene glycol.
  • Seabound, from London, England, builds carbon-capture equipment for new and existing ships.

"The depth and breadth of carbontech innovations represented in this applicant pool speaks volumes to this growing and dynamic industry around the world," adds Kevin Dutt, Interim CEO of Greentown Labs. "We're eager to support these nine impressive companies as they progress through this program and look forward to seeing how they engage with the CLC now and into the future."

The C2V Initiative will host a public Year 4 kickoff event on Sept. 19 at Greentown Houston and via livestream.

In partnership with Venture Metals +, Baker Hughes has saved over 125 million pounds of scrap metals from more than 50 of the company's locations around the world. Photo via bakerhughes.com

Houston energy company diverts over 125M pounds of scrap metals from landfills

reduce, reuse, recycle

For three years, Baker Hughes has been working with a full-scale scrap processor partner to divert scrap metal waste from landfills as a part of the company's net-zero commitment by 2050.

In partnership with Venture Metals +, Baker Hughes has saved over 125 million pounds of scrap metals from more than 50 of the company's locations around the world.

Venture Metals + collects, recycles, and manages the full recycling process of scrap materials, providing recycling, reclamation, and investment recovery as a service to industrial, manufacturing, and service facilities.

“The relationship that has been formed between Baker Hughes and Venture Metals is the definition of a true partnership. Over the many years we have collaborated on significant projects and there has been a foundation of trust, transparency and investment on both sides,” Venture Metals’ Vice-Chairman of the Board Mark Chazanow says in a news release. “Together, we have been able to do our part to improve the environment by circular and sustainable recycling while also capturing substantial revenue gain. We look forward to growing the partnership and seeing a bright future ahead together.”

According to the release, Baker Hughes plans to grow the partnership to introduce similar programs at five key locations around the world. Venture Metals+ also set up Baker Hughes with customized containers to help separate titanium, stainless steel, Inconel, and other recyclable metals.

“Reducing our environmental footprint is a critical focus area for our sustainability strategy as we continue to reduce waste, minimize the resources we use and promote circularity,” Allyson Anderson Book, chief sustainability officer at Baker Hughes, adds. “Through partners like Venture Metals +, we are minimizing waste and reusing scrap materials as much as possible for more sustainable operations.”

The number one thing that consumers can remember when it comes to recycling is that thin, pliable plastic should be excluded from standard blue recycling bins. Photos by welcomia/Canva.

Yet another reason to loathe plastic bags

Guest column

As waste-to-energy gains a foothold in the energy transition, trash's more palatable cousin, recycling, sits just close enough for deeper inspection. Plastic, by and large, one of the most loved and loathed petroleum by-products, is often singled out as the most nefarious contributor to our declining climate.

With significant efforts underway to reduce the volume of single-use plastic while reusing or repurposing stronger plastics, let us turn attention to the third action in the timeless mantra–recycling.

Over the last few decades, we have embraced recycling globally, assured in our noble commitment to derive further utility out of items that no longer serve an immediate purpose from our unique perspective.

However, the act of recycling still closely resembles taking out the trash. We place items deemed worthy of secondary use into large, usually plastic, bins for carting far away from the rest of the things that still provide utility to our personal household or place of business.

For the most part, simply believing that there could or should be further utility of an item is criterion enough to warrant placement in the exalted blue bin. The small hit of dopamine elicited from the satisfaction that we are “doing our part” is just strong enough to reinforce the idea that we have also “done enough.”

But according to Vu Nguyen, director of corporate development and innovation, Waste Management, one of Houston’s leading trash, recycling, and environmental services companies, there remains one elusive challenge: the plastic bag.

The plastic bag proves problematic for a multitude of reasons, not least because of its role in ruining literally every.other.recyling.effort.ever. On the whole, we have been blissfully ignorant of the recycling process, and even more so of how much our good intentions to reuse and recycle are thwarting the same process for so many other reusable materials.

“The number one thing that consumers can remember when it comes to recycling is that thin, pliable plastic [like] bags and wrappers should be firmly excluded from standard blue recycling bins,” Nguyen shared at a Houston Tech Rodeo event earlier this spring.

After collection, simple but effective mechanisms sort items delivered to a recycling facility. Individuals pick through discarded materials placed on conveyor belts before the remaining items work their way through heavy magnets that extract useful metals while bursts of air pressure push lightweight items like paper away from heavier items like glass.

Plastic bags, including the lovely little blue ones so many of us like to purchase to fill our quaint non-standard recycling bins, tangle up in these conveyor belts, causing shutdowns to unravel them from materials otherwise well-suited for these sorting efforts. Downtime on the sorting line can get expensive, so much so that many recycling facilities often turn away entire trucks filled with potentially reusable items if even a single plastic bag is discovered inside.

Consider this the start of a public service announcement campaign to raise awareness of that simple fact.

Yasser Brenes, area president – south for Republic Services, echoes this sentiment as he shares a few tips and reminders with EnergyCapitalHTX.

  • Know What to Throw: Educate yourself on what can and cannot go inside your recycling bin. Focus on only recycling rigid plastic containers such as bottles, jugs and tubs, metal food and beverage containers, glass bottles and jars, paper and cardboard. Don’t be a wish-cycler, never throw items in your recycling bin if you are unsure if they can be recycled or not.
  • Empty, Clean, Dry: Recyclables should be rinsed free of residual food and liquid. If recyclables are not empty, clean and dry the residual food or liquid could contaminate other more fragile recyclables, like paper and cardboard, and require them to be thrown away.
  • Don’t Bag It: Recyclables should always be placed loose inside your recycling bin. Flexible plastics, such as grocery bags, wrap and tangle around the sorting equipment and should never be placed in your recycling bin.

That’s not to say that plastic bags and wrappers cannot be recycled at all; on the contrary, they absolutely can. The mechanisms for sorting them from other materials like paper, aluminum, glass, and heavy plastics just aren’t quite mature enough… yet.

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Lindsey Ferrell is a contributing writer to EnergyCapitalHTX and founder of Guerrella & Co.

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Houston startup secures $22 million for ERCOT energy storage projects

money moves

Houston-based GoodPeak has nailed down $22 million in construction debt financing to help build its first two 10-megawatt battery energy storage projects, both of which are expected to come online in the Houston area at the end of 2025.

GoodPeak secured the debt financing from financial services company Pathward and renewable energy lender BridgePeak Energy Capital.

GoodPeak says an undisclosed amount of funding from private equity firm Current Equity Partners and other investors will further spur growth. That growth starts with the construction of the two Houston-area battery energy storage projects, which will serve the Electric Reliability Council of Texas (ERCOT), whose power grid serves most of the state.

Aside from Current Equity Partners, investors in GoodPeak include executives, family offices, and energy industry advisers.

“GoodPeak plans to expand and diversify its development pipeline to include larger projects, integrated power generation, and data center development opportunities,” the company says in a news release.

GoodPeak’s initial development pipeline includes 10 ERCOT projects in the Houston and Dallas-Fort Worth areas, and 14 projects in Northern California. The combined capacity of the projects will be 1 gigawatt.

Founded in 2022 by Trent Kososki and Hayden Stanley, GoodPeak develops, owns, and operates utility-scale battery storage and solar power assets for “high-value, capacity-constrained locations.”

“Breaking ground on our first energy storage projects marks a major milestone for GoodPeak in helping to solve Texas’ grid challenges,” says Kososki, CEO of GoodPeak. “These projects will provide much-needed resilience to the grid, storing excess power during times of low demand and delivering it when it’s needed most — helping to stabilize energy prices, support renewable integration, and enhance overall reliability.”

In a 2024 LinkedIn post, Kososki wrote that he was “embarking upon a new adventure in establishing GoodPeak — a battery energy storage platform with a mission to aggressively pursue descent from the world’s mountain of carbon emissions.”

CenterPoint partners with AI and infrastructure companies to boost reliability

power partnership

Houston utilities giant CenterPoint is partnering with companies from Atlanta and Australia to use AI to increase data accuracy and strengthen the power grid.

The partnership is part of a collaboration between AI-powered predictive modeling platform company Neara and utility infrastructure asset assessment solutions company Osmose, according to a news release.

Last year, CenterPoint Energy announced an agreement with Neara for engineering-grade simulations and analytics and to deploy Neara’s AI capabilities across CenterPoint’s Greater Houston service area. Now, Neaera will work with Osmose to give energy providers like CenterPoint more up-to-date data to inform decisions on restorations and risks.

CenterPoint Energy is already using the partnership's tools to improve network reliability and enhance its storm preparedness.

"At CenterPoint Energy, we are focused every day on building the most resilient coastal grid in the nation and increasing the resiliency of the communities we are privileged to serve," Eric Easton, VP of Grid Transformation at CenterPoint Energy, said in a news release.

According to Osmose, its services to CenterPoint can result in repair cost savings of up to 70 percent and boost restoration times by up to 80 percent. Osmose also said its services assist with being 25 percent better at ensuring the most critical repairs happen first.

"By integrating Neara's AI-driven modeling with our industry-leading field services, we're giving utilities a powerful tool to make smarter, more data-driven decisions," Mike Adams, CEO of Osmose, said in a news release. "Accurate asset data is the foundation for a resilient grid, and this partnership provides the precision needed to maximize reliability and performance."

Ultimately, the companies say the partnership aims to help minimize disruptions and improve reliability for CenterPoint customers.

"As we work to leverage technology to deliver better outcomes for our customers, we're continuing to enhance our advanced modeling capabilities, which includes collaborating with cutting-edge technology providers like Neara and Osmose,” Easton added in the release.

Tesla sales tumble 13% as Musk backlash, competition and aging lineup turn off buyers

Tesla Talk

Tesla sales fell 13% in the first three months of the year, another sign that Elon Musk’s once high-flying electric car company is struggling to attract buyers.

The double-digit drop is likely due to a combination of factors, including its aging lineup, competition from rivals and a backlash from Musk’s embrace of right wing politics. It also is a warning that the company’s first-quarter earnings report later this month could disappoint investors.

Tesla reported deliveries of 336,681 globally in the January to March quarter. The figure was down from sales of 387,000 in the same period a year ago. The decline came despite deep discounts, zero financing and other incentives.

Analysts polled by FactSet expected much higher deliveries of 408,000.

Dan Ives of Wedbush said in a note to clients that Tesla is seeing soft demand in the United States and China, as well as facing pressure in Europe.

“The brand crisis issues are clearly having a negative impact on Tesla...there is no debate,” he said.

Ives said that Wall Street financial analysts knew the first-quarter figures were likely to be bad, but that it was even worse than expected, calling them a “disaster on every metric.”

The sales drop came three weeks after President Donald Trump held an extraordinary press conference outside the White House in which he praised Tesla, blasted boycotts against the company and bought a Tesla himself while TV cameras rolled in an effort to help lift sales.

“I don’t like what’s happening to you,” said Trump, before slipping into a red Model S and exclaiming, “Wow. That’s beautiful.”

After falling as much as 6% in early Wednesday, Tesla stock shot up more than 5% in afternoon trading after a report from Politico, citing anonymous sources, that Musk may soon step down from leadership of his Department of Government Efficiency, the cost-cutting group that has led to tens of thousands of federal workers losing their jobs.

Tesla investors have complained the DOGE work has diverted Musk's focus from Tesla, where he is the CEO. On Tuesday, New York City's comptroller overseeing pension funds down $300 million this year on Tesla holdings called for a lawsuit accusing a distracted Musk of "driving Tesla off a financial cliff.”

Tesla’s stock has plunged by roughly half since hitting a mid-December record as expectations of a lighter regulatory touch and big profits with Donald Trump as president were replaced by fear that the boycott of Musk's cars and other problems could hit the company hard.

Analysts are still not sure exactly how much the fall in sales is due to the protests or other factors. Electric car sales have been sluggish in general, and Tesla in particular is suffering as car buyers hold off from buying its bestselling Model Y while waiting for an updated version.

Still, even bullish financial analysts who earlier downplayed the backlash to Musk’s polarizing political stances are acknowledging that it is hurting the company, something that Musk also recently acknowledged.

“This is a very expensive job,” Musk said at a Wisconsin rally on Sunday, referring to his DOGE role. “My Tesla stock and the stock of everyone who holds Tesla has gone roughly in half."

The protests come as the Austin, Texas electric vehicle maker faces fierce competition from other EV makers offering vastly improved models, including those of BYD. The Chinese EV giant unveiled in March a technology that allows it cars to charge up in just five to eight minutes.

Tesla is expected to report earnings of 48 cents per share for the first quarter later this month, up 7% from a year earlier, according to a survey of financial analysts who the car company by research firm FactSet.

Nearly all of Tesla’s sales in the quarter came from the smaller and less-expensive Models 3 and Y, with the company selling less than 13,000 more expensive models, which include X and S as well as the Cybertruck.