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DOE taps 3 Houston-area schools for student competition

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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
Greentown Labs opened applications for their TEX-E climatetech bootcamp. Photo courtesy of Greentown Labs

Greentown Labs calls for applicants from Texas universities for climatetech bootcamp

Back to Basics

Greentown Labs is calling for student entrepreneurs, faculty, and staff from Texas universities to enroll in their climatetech bootcamp.

The course is part of the Texas Entrepreneurship Exchange for Energy (TEX-E) program, a collaboration between The University of Texas at Austin, Texas A&M University, University of Houston, Rice University, and Prairie View A&M University—powered by Greentown Labs and MIT’s Martin Trust Center for Entrepreneurship. The free bootcamp will run from Sept. 22-24 at Greentown Labs and the deadline to apply is Aug. 27.

Participants will learn from faculty from several Texas universities and instructors from the Climate & Energy Ventures Course at MIT.

“Throughout the weekend, participants will learn from leading academic minds in the field of energy innovation, and they will work together on collaborative projects that could be the genesis of a new enterprise. They will leave the program with enhanced readiness to tackle one of the biggest problems humanity has ever faced,” reads a statement about the program.

TEX-E is seeking participants with interest in one or more areas within the intersection of energy and entrepreneurship:

  • Mobility and Transport
  • Energy
  • Food, Agriculture, and Land Use
  • Industry Manufacturing, and Resource Management
  • Built Environment
  • Financial Services
  • Climate Change Management and Reporting
  • GHG Capture, Removal, and Storage

Once the bootcamp is over, participants will join the TEX-E network and be eligible for follow-up opportunities, including: networking events, job postings, cross-learning with MIT, career fairs, on-campus events, and pitch competitions.

TEX-E previously sponsored a multi-round startup competition for Texas students who are creating companies focused on moving the energy transition forward. The winners were collectively awarded $50,000 in prizes.

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Report shows geoscientists earn largest salary premium in Texas

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A move to Texas bolsters earnings for some, and a new SmartAsset study has revealed the top professions where the median annual earnings in the Lone Star State exceed the national median.

The report, "When it Pays to Work in Texas — and When It Doesn’t," published in April, analyzed over 700 occupations to determine which have the biggest "Texas premium" — meaning jobs where the price-adjusted median annual pay in Texas most exceeds the national median for the same occupation — and which jobs have the biggest “Texas penalty,” where the statewide median annual pay falls furthest below the national median. Salaries were sourced from the U.S. Bureau of Labor Statistics (BLS) and adjusted for regional price parity.

According to the report's findings, geoscientists have the biggest "Texas premium" and make a $159,903 median annual salary. Texas' salary for geoscientists is 61 percent higher than the national median for the same position (after adjusting for regional price parity).

"Texas’s large petroleum industry helps explain why employers in the state retain so many geoscientists," the report's author wrote. "In fact, the Lone Star State is home to more geoscientists than any other state except California."

There are more than 3,600 geoscientists working in Texas, SmartAsset said.

These are the remaining top 10 occupations with the biggest "Texas premiums" (salaries are price-adjusted):

  • No. 2 – Commercial pilots: $167,727 median Texas earnings; 37 percent higher than the national median
  • No. 3 – Sailors: $67,614 median Texas earnings; 36 percent higher than the national median
  • No. 4 – Aircraft structure assemblers: $83,519 median Texas earnings; 35 percent higher than the national median
  • No. 5 – Ship captains: $108,905 median Texas earnings; 27 percent higher than the national median
  • No. 6 – Nursing instructors (postsecondary): $100,484 median Texas earnings; 26 percent higher than the national median
  • No. 7 – Tax preparers: $63,321 median Texas earnings; 25 percent higher than the national median
  • No. 8 – Chemists: $104,241 median Texas earnings; 24 percent higher than the national median
  • No. 9 – Health instructors (postsecondary): $128,680 median Texas earnings; 22 percent higher than the national median
  • No. 10 – Engineering instructors (postsecondary): $129,030 median Texas earnings; 22 percent higher than the national median
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This article originally appeared on CultureMap.com.

Solar manufacturer expands Houston footprint with new 4-gigawatt factory

coming soon

Houston-based SEG Solar plans to open a new 4-gigawatt solar module manufacturing facility in Cypress.

The facility represents more than a $200 million investment and will raise SEG's total annual U.S. module production capacity to approximately 6 gigawatts, according to a new release. The expansion is part of SEG’s long-term goal of becoming one of the largest 100 percent U.S.-owned module manufacturers.

The new 500,000-square-foot facility will be located on Telge Road and is expected to create 800 new jobs, according to reports.

“This new facility marks an important milestone for SEG,” Timothy Johnson, VP of operations, said in the release. “It will further strengthen our U.S. manufacturing capabilities while supporting ongoing technology innovation. The plant is designed with the flexibility to integrate next-generation technologies, including (heterojunction solar technology) as the industry evolves.”

Commercial operations at the new facility are expected to commence in Q3 2026.

SEG is also developing a 5-gigawatt ingot and wafer manufacturing facility in Indonesia. Construction on the facility is expected to begin in Q2 2026.

In 2024, SEG Solar opened a new $60 million, 250,000-square-foot facility in Houston to house its production workshops, raw material warehouses, administrative offices, finished goods warehouses and supporting infrastructure. Read more here.

Fervo Energy bumps up IPO target to $1.82B

IPO update

Houston-based geothermal power company Fervo Energy is now eyeing an IPO that would raise $1.75 billion to $1.82 billion, up from the previous target of $1.33 billion.

In paperwork filed Monday, May 11 with the U.S. Securities and Exchange Commission, Fervo says it plans to sell 70 million shares of Class A common stock at $25 to $26 per share.

In addition, Fervo expects to grant underwriters 30-day options to buy up to 8.33 million additional shares of Class A common stock. This could raise nearly $200 million.

When it announced the IPO on May 4, Fervo aimed to sell 55.56 million shares at $21 to $24 per share, which would have raised $1.17 billion to $1.33 billion. The initial valuation target was $6.5 billion.

A date for the IPO hasn’t been scheduled. Fervo’s stock will be listed on Nasdaq under the ticker symbol FRVO.

Fervo, founded in 2017, has attracted about $1.5 billion in funding from investors such as Bill Gates-founded Breakthrough Energy Ventures, Google, Mitsubishi Heavy Industries, Devon Energy (which is moving its headquarters to Houston), Tesla co-founder JB Straubel, CalSTRS, Liberty Mutual Investments, AllianceBernstein, JPMorgan, Bank of America and Sumitomo Mitsui Trust Bank.

Fervo’s marquee project is Cape Station in Beaver County, Utah, the world’s largest EGS (enhanced geothermal system) project. The first phase will deliver 100 megawatts of baseload clean power, with the second phase adding another 400 megawatts. The site can accommodate 2 gigawatts of geothermal energy. Fervo holds more than 595,000 leased acres for potential expansion.

Cape Station has secured power purchase agreements for the entire 500-megawatt capacity. Customers include Houston-based Shell Energy North America and Southern California Edison.

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