Teams from three Houston-area universities have been named to the DOE's annual competition. Photo via energy.gov

The U.S. Department of Energy’s Office of Technology Transitions selected 225 teams from 117 schools from 39 states — including three Houston-area universities — to participate in its annual startup competition.

University of Houston, Rice University, and Texas A&M University will compete in the EnergyTech University Prize, known as EnergyTech UP, in the 2024 Student Track. See the full list here.

The EnergyTech UP Student Track tasks collegiate teams to develop “actionable plans for business and commercialization opportunities around high-potential energy technologies.”

The competitors in the event, which is in its third year, will also receive free access to OTT’s Energy I-Corps curriculum. Finalists will receive mentorship from industry leaders on their proposals. Through three phases — Explore, Refine, and Pitch — with Bonus Prize winners also being selected along the way, the teams will compete for more than $400,000 in cash prizes.

Teams will present their proposals to a panel of judges in the hopes of being selected as a finalist in the first phase, the regional Explore Event.

Finalists will refine their ideas before pitching their complete plans at Zpryme’s 2024 Energy Thought Summit in April in Austin, Texas. The goal is for EnergyTech UP’s winning teams to have successfully identified promising energy technology, carefully assess its market potential, and create a business plan.

“We see immense value in supporting the next generation of clean energy leaders through EnergyTech UP” said DOE Chief Commercialization Officer and Director of OTT, Dr. Vanessa Z. Chan in a news release. “These teams are working to develop attainable, equitable, scalable energy technologies and business opportunities. They have the potential to profoundly impact the cleantech industry, and we’re proud to provide resources that can help bolster their ideas.”

Other Texas universities selected this year include:

  • The University of Texas at Austin
  • The University of Texas at El Paso
  • Texas Tech University
Three researchers from Texas are among 93 early career scientists who will receive a collective $135 million in funding for projects lasting up to five years in duration. Photo via Getty Images

3 Texas energy researchers earn early-career grants

freshly funded

The U.S. Department of Energy has awarded funds to three Texas university researchers as part of its 2023 Early Career Research Program.

The researchers from Texas A&M University, University of Houston, and University of North Texas are among 93 early career scientists who will receive a collective $135 million in funding for projects lasting up to five years in duration. The DOE said in a statement that $69 million of those funds will be doled out in Fiscal Year 2023.

The funding is part of the DOE Office of Science’s Early Career Research Program which aims to support U.S. scientists during their formative years. Awardees must be an untenured, tenure-track assistant or associate professor at a U.S. academic institution or a full-time employee at a DOE National Laboratory who received a Ph.D. within the past 12 years to receive the funding.

“Supporting America’s scientists and researchers early in their careers will ensure the United States remains at the forefront of scientific discovery,” U.S. Secretary of Energy Jennifer M. Granholm says in a statement. “The funding announced today gives the recipients the resources to find the answers to some of the most complex questions as they establish themselves as experts in their fields.”

This year's Texas researchers were:

  • Youtong Zheng, Assistant Professor Department of Earth and Atmospheric Sciences at the University of Houston: Zheng's work focuses on how air pollution in urban communities relates to the intensification of storms, known as the aerosol invigoration effect. This research aims to use the DOE's Simple Cloud-Resolving E3SM Atmosphere Model (SCREAM) to improve the predictability of coastal-urban systems and improve DOE models.
  • Philip Adsley, Assistant Professor Department of Physics & Astronomy and Cyclotron Institute at Texas A&M University: Adsley looks at the dipole response of nuclei. The research will "develop independent calibration standards for dipole response measurements to validate modern experimental studies and investigate historical experimental discrepancies," according to an abstract. Experiments will be performed at Texas A&M, in Germany and in South Africa.
  • Omar Valsson, Assistant Professor Department of Chemistry at the University of North Texas: Valsson's research considers the polymorphism of molecular crystals. The research looks to develop a free energy sampling method for polymorphic transitions that can be applied to a wide range of molecular crystal systems. The findings have applications in chemistry, materials science, and the pharmaceutical and semiconductor industries, according to an abstract.

Since the DOE launched the Early Career Research Program in 2010 it has made 868 awards to university and National Lab researchers.

Earlier this summer the DOE's Advanced Research Projects Agency-Energy, or ARPA-E, announced $100 million in funding for its SCALEUP program at a Rice University event. Joe Zhou, CEO of Houston-based Quidnet Energy, spoke at the event on how the DOE funding benefitted his company.

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ExxonMobil invests over $200M in Texas advanced recycling sites

doubling down

ExxonMobil announced that it plans to invest more than $200 million to expand its advanced recycling operations at its Baytown and Beaumont sites that are expected to start in 2026. The new operations can help increase advanced recycling rates and divert plastic from landfills, according to ExxonMobil.

“We are solutions providers, and this multi-million-dollar investment will enhance our ability to convert hard-to-recycle plastics into raw materials that produce valuable new products,” says Karen McKee, president of ExxonMobil Product Solutions, in a news release.

The investment plans to add 350 million pounds per year of advanced recycling capacity at Baytown and Beaumont, which will bring ExxonMobil’s total capacity to 500 million pounds annually. The first Baytown facility started in 2022 and represents one of the largest advanced recycling facilities in North America by having processed more than 70 million pounds of plastic waste.

“At our Baytown site, we’ve proven advanced recycling works at scale, which gives us confidence in our ambition to provide the capacity to process more than 1 billion pounds of plastic per year around the world,” McKee said in a news release. “We’re proud of this proprietary technology and the role it can play in helping establish a circular economy for plastics and reducing plastic waste.”

Advanced recycling works by transforming plastic waste into raw materials that can be used to make products from fuels to lubricants to high-performance chemicals and plastics. Advanced recycling allows for a broader range of plastic waste that won't be mechanically recycled and may otherwise be buried or burned.

ExxonMobil will continue development of additional advanced recycling projects at manufacturing sites in North America, Europe and Asia with the goal of reaching 1 billion pounds per year of recycling capacity by 2027.

Houston-based Fervo Energy collects $255M in additional funding

cha-ching

A Houston company that's responding to rising energy demand by harnessing geothermal energy through its technology has again secured millions in funding. The deal brings Fervo's total funding secured this year to around $600 million.

Fervo Energy announced that it has raised $255 million in new funding and capital availability. The $135 million corporate equity round was led by Capricorn’s Technology Impact Fund II with participating investors including Breakthrough Energy Ventures, CalSTRS, Congruent Ventures, CPP Investments, DCVC, Devon Energy, Galvanize Climate Solutions, Liberty Mutual Investments, Mercuria, and Sabanci Climate Ventures.

The funding will go toward supporting Fervo's ongoing and future geothermal projects.

“The demand for 24/7 carbon-free energy is at an all-time high, and Fervo is one of the only companies building large projects that will come online before the end of the decade,” Fervo CEO and Co-Founder Tim Latimer says in a news release. “Investors recognize that Fervo’s ability to get to scale quickly is vital in an evolving market that is seeing unprecedented energy demand from AI and other sources.”

Additionally, Fervo secured a $120 million letter of credit and term loan facility from Mercuria, an independent energy and commodity group that previously invested in the company.

“In surveying power markets across the U.S. today, the need for next-generation geothermal is undeniable,” Brian Falik, group chief investment officer of Mercuria, adds. “We believe in Fervo not just because their EGS approach is cost-effective, commercially viable, and already being deployed at scale, but because they set ambitious targets and consistently deliver.”

In February, Fervo secured $244 million in a financing round led by Devon Energy, and in September, the company received a $100 million bridge loan for the first phase of its ongoing project in Utah. This project, known as Project Cape, represents a 100x growth opportunity for Fervo, as Latimer explained to InnovationMap earlier this year. As of now, Project Cape is fully permitted up to 2 GW and will begin generating electricity in 2026, per the company.

Other wins for Fervo this year include moving into its new headquarters in downtown Houston, securing a power purchase agreement with California, growing its partnership with Google, and being named amongst the year's top inventions by Time magazine.


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This article originally ran on InnovationMap.