CarbonQuest, a company with a compact carbon capture technology, announced it received series A funding from Houston-based Riverbend Energy Group. Photo via CarbonQuest
Houston investors are betting on a New York-based carbon capture startup's technology.
CarbonQuest announced it received series A funding from Houston-based Riverbend Energy Group. The terms of the deal were not disclosed. Founded in 2019, the company created its Distributed Carbon Capture technology that captures CO2 from buildings and onsite power generation systems, then liquifies and transports it to local businesses that need carbon for their production processes.
“We are one of the few carbon capture companies with commercial products on the market today, and this investment will enable us to continue bringing distributed carbon capture to a wider swath of the market,” Shane Johnson, president and CEO of CarbonQuest, says in a news release. “We are also excited to attract new talent and expand our North American operations.”
The company's compact, modular carbon capture solution has already been deployed in several New York City buildings and reports that it is focused on natural gas emissions from distributed onsite power generation in 2024. The fresh funding will help CarbonQuest lower its cost for customers and address new market segments, including biogenic sources of CO2, utility infrastructure, and more, per the release.
Additionally, the company plans to advance development of its Carbon Management Software, a platform that provides real-time data and analytics for users. Riverbend's Joe Passanante and Eric Danziger will join CarbonQuest’s board of directors as a part of the deal.
“We are thrilled to partner with CarbonQuest, a company at the forefront of distributed carbon capture technology,” Passanante, managing director at Riverbend, says in the release. “This investment reflects our commitment to advancing solutions that play a critical role in decarbonization.
"CarbonQuest’s innovative approach not only addresses that need, but also offers scalable, economically viable solutions that can be deployed across a wide range of markets," he continues. "We are excited to collaborate with CarbonQuest’s experienced and talented team and believe this partnership will be a game changer in multiple markets, helping to unlock the full potential of distributed carbon capture and significantly contribute to global climate goals.”
A California startup that's revolutionizing polymer cathode battery technology has announced its series A round of funding with support from Houston-based energy transition leaders.
LiNova Energy Inc. closed a $15.8 million series A round led by Catalus Capital. Saft, a subsidiary of TotalEnergies, which has its US HQ in Houston, and Houston-based Chevron Technology Ventures, also participated in the round with a coalition of other investors.
LiNova will use the funds with its polymer cathode battery to advance the energy storage landscape, according to the company. The company uses a high-energy polymer battery technology that is designed to allow material replacement of the traditional cathode that is made up of cobalt, nickel, and other materials.
The joint development agreement with Saft will have them collaborate to develop the battery technology for commercialization in Saft's key markets.
“We are proud to collaborate with LiNova in scaling up its technology, leveraging the extensive experience of Saft's research teams, our newest prototype lines, and our industrial expertise in battery cell production," Cedric Duclos, CEO of Saft, says in a news release.
CTV recently announced its $500 million Future Energy Fund III, which aims to lead on emerging mobility, energy decentralization, industrial decarbonization, and the growing circular economy. Chevron has promised to spend $10 billion on lower carbon energy investments and projects by 2028.
Houston-based Sage Geosystems announced the first close of $17 million round led by Chesapeake Energy Corp. Photo via sagegeosystems.com
A Houston geothermal startup has announced the close of its series A round of funding.
Houston-based Sage Geosystems announced the first close of $17 million round led by Chesapeake Energy Corp. The proceeds aim to fund its first commercial geopressured geothermal system facility, which will be built in Texas in Q4 of 2024. According to the company, the facility will be the first of its kind.
The venture is joined by technology investor Arch Meredith, Helium-3 Ventures and will include support from existing investors Virya, LLC, Nabors Industries Ltd., and Ignis Energy Inc.
“The first close of our Series A funding and our commercial facility are significant milestones in our mission to make geopressured geothermal system technologies a reality,” Cindy Taff, CEO of Sage Geosystems, says in a news release. “The success of our GGS technologies is not only critical to Sage Geosystems becoming post-revenue, but it is an essential step in accelerating the development of this proprietary geothermal baseload approach. This progress would not be possible without the ongoing support from our existing investors, and we look forward to continuing this work with our new investors.”
The 3-megawatt commercial facility will be called EarthStore and will use Sage’s technology that harvests energy from pressurized water from underground. The facility will be able to store energy — for short and long periods of time — and can be paired with intermittent renewable energy sources like wind and solar. It will also be able to provide baseload, dispatchable power, and inertia to the electric grid.
In 2023, Sage Geosystems debuted the EarthStore system in a full-scale commercial pilot project in Texas. The pilot produced 200 kilowatt for more than 18 hours, 1 megawatt for 30 minutes, and generated electricity with Pelton turbines. The system had a water loss of less than 2 percent and a round-trip efficiency (RTE) of 70-75.
Houston startup Sage Geosystems released the results of its pilot at a Shell-drilled oil well in the Rio Grande Valley’s Starr County. Photo via sagegeosystems.com
As it seeks an additional $30 million in series A funding, Houston startup Sage Geosystems has released promising results from a test of its technology for underground storage of geothermal energy.
Sage says the pilot project, conducted at a Shell-drilled oil well in the Rio Grande Valley’s Starr County, showed the company’s long-term energy storage can compete on a cost basis with lithium-ion battery storage, hydropower storage, and natural gas-powered peaker plants. Peaker plants supply power during periods of peak energy demand.
Furthermore, Sage’s geothermal technology will provide more power capacity at half the cost of other advanced geothermal systems, the company says.
Sage’s storage system retrofits oil and gas wells with the company’s geothermal technology. But the company says its technology “can be deployed virtually anywhere.”
The system relies on mechanical storage instead of battery storage. In mechanical storage, heat, water, or air works in tandem with compressors, turbines, and other machinery. By contrast, battery storage depends on chemistry to get the job done.
“We have cracked the code to provide the perfect complement to renewable energy. … The opportunities for our energy storage to provide power are significant — from remote mining operations to data centers to solving energy poverty in remote locations,” former Shell executive Cindy Taff, CEO of Sage, says in a September 12 news release.
Sage says its storage capacity can be connected to existing power grids, or it can develop microgrids that harness stored energy.
An August 2023 article in The New York Times explained that Sage “is pursuing fracked wells that act as batteries. When there’s surplus electricity on the grid, water gets pumped into the well. In times of need, pressure and heat in the fractures pushes water back up, delivering energy.”
The pilot project, a joint venture between Sage and the Bureau of Economic Ecology at the University of Texas at Austin, was performed as part of a feasibility study financed by the Air Force. Now that the test results are in, Sage plans to build a prototype geothermal project at the Air Force’s Ellington Field Joint Reserve Base in Houston.
Sage says another feasibility study is underway in the Middle East in partnership with an unnamed oil and gas company.
Founded in 2020, Sage plans to raise another $30 million to accompany its previous series A funding.
The Virya climate fund and Houston-based drilling contractor Nabors Industries helped finance the pilot project in Starr County.
Last year, Sage announced it received an undisclosed amount of equity from Houston-based Ignis H2 Energy, a geothermal exploration and development company, and Dutch energy company Geolog International. Also last year, Sage said Nabors and Virya had teamed up for a $12 million investment in the startup.
Nearly 20 companies from Houston, ranging from global multinationals to innovative startups, joined the team at Argonne National Laboratory in Lemont, Illinois, for a full day of meetings, discussions, and networking focused on advancing innovation, commercialization, and industry collaboration.
The fly-in organized by the Houston Energy Transition Initiative, provided a unique opportunity for companies to engage directly with Argonne researchers, technical experts, and leadership while gaining a deeper understanding of the laboratory’s world-class capabilities. Participants explored how national laboratories can help bridge the gap between breakthrough research and commercial deployment, particularly in areas critical to U.S. competitiveness and economic growth.
The significance of this engagement extends beyond a single visit. While the U.S. Department of Energy operates 17 national laboratories, none is located along the Gulf Coast, a region uniquely home to industry, infrastructure, and energy systems at commercial scale. HETI’s continued work with the national laboratories helps bridge that geographic and operational gap by connecting world-class scientific research with companies that understand how to scale and deploy technologies. The Argonne fly-in also created space to address practical barriers to collaboration, including complex agreements and lengthy contracting timelines, and to explore ways to establish partnership frameworks more efficiently.
Explore HETI’s key takeaways from the fly-in:
1. Scaling Technologies for Commercial Use
A central theme was the importance of scale-up infrastructure and the role Argonne plays in helping companies reduce technical and manufacturing risks. Participants learned how facilities such as the Materials Engineering Research Facility (MERF) support the transition from laboratory discoveries to pilot-scale production and ultimately commercial manufacturing. These capabilities are especially valuable for companies working to move promising technologies from concept to market.
The discussions also highlighted Argonne’s extensive work in critical materials, battery recycling, advanced manufacturing, and supply chain resilience. Attendees learned about initiatives including the ReCell Center, AI-enabled materials discovery, and advanced modeling tools that can help businesses understand supply chain vulnerabilities and evaluate mitigation strategies. These capabilities have applications across energy, chemicals, manufacturing, semiconductors, defense, and emerging technologies.
2. Creating Pathways for Collaboration
Another key takeaway was the importance of engaging early. Companies do not need to arrive with a fully developed project or solution. Argonne offers multiple pathways for collaboration, including sponsored research, user facility access, technology licensing, pilot-scale testing, and Cooperative Research and Development Agreements (CRADAs). These partnerships help companies access specialized expertise, facilities, and analytical tools that can accelerate innovation and commercialization
3. Building Connections Across Industry and Research
The fly-in reinforced the value of relationship building. Bringing together nearly 20 organizations in one place created meaningful opportunities for collaboration, knowledge sharing, and identifying future projects.
The conversations throughout the day demonstrated a shared commitment to strengthening domestic innovation, developing resilient supply chains, and creating pathways to bring new technologies to market.
Fervo Energy’s flagship project in Utah just generated its first geothermal power.
The electricity is now flowing to the power grid from one of Cape Station’s three generation units, Houston-based Fervo said in a news release. This represents an early but important milestone for the project, as the unit isn’t scheduled to deliver contracted power until Oct. 1.
The achievement, coming four months after Fervo’s roughly $2.2 billion IPO, demonstrates the viability of enhanced geothermal systems (EGS).
“This is a gamechanger for the geothermal industry. It establishes EGS as the defining new power generation technology of our time, and we believe it shows that the commercial and technical maturity of EGS is ready to meet the urgent need for reliable, clean power,” Tim Latimer, co-founder and CEO of Fervo, said in the release.
The plant’s two other units are scheduled to launch commercial operations on Jan. 1.
The three units make up the project’s 99-megawatt first phase. The next phase, which will add 400 megawatts of capacity, is under construction. The second phase is set to go online in 2028.
Altogether, Cape Station will provide more than 4 gigawatts of capacity, with 900 megawatts already spoken for. The 900 megawatts of contracted electricity would be enough to power nearly 1 million U.S. homes per year.
“Cape Station works because we treated the subsurface like an engineering challenge,” Jack Norbeck, co-founder and chief technology officer of Fervo, added in the release. “Years of drilling, completion design, subsurface modeling, and flow testing led to this moment, and this is the validation that matters most.”
Enhanced geothermal continuously draws on heat that’s deep underground, producing electricity around the clock regardless of weather or time of day. That makes it one of the only carbon-free resources capable of constant power delivery, which is critical for data centers and AI infrastructure.
While hundreds of thousands descend on New York for Climate Week, Houston offered a different proposition: come where the work is being built. And last week Houston proved that it’s solving for more energy and fewer emissions; reliability and affordability; speed and durability. We are solving for the “&.”
That equation sharpened last week. On Sept. 14, the Environmental Protection Agency announced it had repealed most 2024 federal carbon-pollution standards for power plants and proposed rescinding remaining greenhouse-gas requirements. Policy matters, but it can pivot. The need to build does not.
HECW is a proving ground, not another conference stop. As I wrote in the Houston Chronicle, Mayor Sylvester Turner planted the seed by insisting we bring people together across the city and industry to drive Houston’s energy future. He knew false choices have no place here: oil and gas and clean technology; prosperity and stewardship; industry and lower emissions.
ECW joined the Climate Week Network this year, connecting Houston to a growing community of more than 500,000 people across 22-plus cities. We now have a seat at the global table—and a responsibility to use it well, building with other cities and the wider clean-energy-solutions world rather than merely talking at them.
The capital is already moving. Since 2017, Houston Energy Transition Initiative member companies have invested more than $95 billion in low-carbon infrastructure, technologies, and research and development. This is where the transition is financed, engineered, tested and operated. But the work requires more than capital. It requires capital allocators who understand the difference between a promising idea and a project that can scale, hire and endure.
Last week was Houston’s show and tell. At ARTECHOUSE, The &Bassador Reception & Awards brought art, technology, culture, philanthropy and energy together. Then the week went beyond downtown.
Sugar Land Town Square became the launchpad for the Metro Innovation Tour & Market: a place for an ecosystem conversation about smart cities, clean energy, equitable access and next-generation mobility before participants boarded three tour routes across greater Houston. It was also the starting point for the Bay City South Innovation Tour to Erthos Project Bravo in Matagorda County, where small groups saw Earth Mount solar modules being installed in real time. The conversation did not end at a panel. It went to the project site.
The HTX Tech Tours included a visit to the Erthos Project Bravo in Matagorda County. Photo courtesy
Approximately 100 startups from around the world pitched at Rice Alliance, Greentown Labs and Halliburton Labs events. At Astros Night at Daikin Park, builders, backers, and believers traded conference rooms for the diamond, creating an experience, not just another event. That is how this work becomes civic fabric.
Activation also means making the energy story felt, not merely explained. AY Young brought the Battery Tour for live performances. It was a reminder that the “Power of &” is not confined to a boardroom or a laboratory. Art and technology, culture and commerce, a new generation and established industry can share the same stage—and help more people see themselves in the work ahead.
Perhaps no activation made the “Power of &” more immediate and real than the Houston, We Have Solutions open mic night. At Creatopia’s Innovation Studio, people took the mic—or simply listened—to share what they were building, the problem they could not stop thinking about, and the connection they hoped to make. It put founders, artists, community builders, researchers and future-makers in one room. That is collaboration in real time: different kinds of expertise meeting before anyone knows exactly what the solution will be.
FOX26 helped carry that story beyond the rooms we convened, hosting Erthos COO Jessica Knight, Mars Materials co-founder Aaron Fitzgerald, and investors Taylor Chapman and Juliana Garaizar to discuss building and backing the future in Houston. Our region should be proud—not as self-congratulation, but because the world is beginning to experience energy and climate solutions firsthand.
This was also a week to give back. Allies in Energy awarded $27,500 to nine organizations advancing energy and climate literacy, civil dialogue, workforce pathways and community action. NRG Energy’s Brighter Communities provided a founding gift to expand the week and fund local grants. It took partners, hosts, sponsors, volunteers, funders and community organizations. That is the “Power of &”: collaboration that leaves a stronger community behind.
The “Power of &” cannot stop at Houston’s city limits. Louisiana’s participation—through its support of the Digital Delta Symposium & Expo—made clear that Houston’s builder ecosystem is regional by necessity. Gulf Coast infrastructure, supply chains, talent, and industrial decisions do not recognize state lines. Neither should our collaboration. If we are serious about building more energy with fewer emissions, we must align capital, resources and opportunity across the entire Gulf Coast.
That same commitment to practical collaboration means listening, learning and adjusting. A builder’s mindset does not protect a plan simply because it came first; it improves the conditions for the work to succeed. That is why Houston Energy and Climate Week will move to April 4–10, 2027—better weather, more time and space for connection, and a stronger city-wide experience for the people building what comes next.
But the real test begins now. Can we keep widening the circle? Can we continue to turn research into projects, pilots into infrastructure, capital into good jobs and climate ambition into results that families and communities can see? Can we make every new solution stronger by bringing in the people who must finance it, build it, operate it, live beside it and benefit from it?
That is the work ahead. Turner understood that Houston does not move forward by asking who wins the argument. It moves forward by asking who is ready to solve the problem. His legacy—and the promise of the “&”—is an invitation to choose collaboration over division, action over performance and possibility over false choices.
The future does not need another city to talk about it. It needs Houston to keep building it. And it will only be built if we keep choosing the "&."
The HTX Tech Tours included a visit to the Erthos Project Bravo in Matagorda County. Photo courtesy