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

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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Houston energy tech platform Molecule closes series B funding

energy software

Houston-based energy trading risk management (ETRM) software company Molecule has completed a successful series B round for an undisclosed amount, according to a July 16 release from the company.

The raise was led by Sundance Growth, a California-based software growth equity firm.

Sameer Soleja, founder and CEO of Molecule, said in the release that the funding will allow the company to "double down on product innovation, grow our team, and reach even more markets."

Molecule closed a $12 million Series A round in 2021, led by Houston-based Mercury Fund, and has since seen significant growth. The company, which was founded in 2012, has expanded its customer base across the U.S., U.K., Europe, Canada and South America, according to the release.

Additionally, it has launched two new modules of its software platform. Its Hive module, which debuted in 2022, enables clients to manage their energy portfolio and renewable credits together in one scalable platform. It also introduced Elektra, an add-on for the power market to its platform, which allows for complex power market trading.

"Four years ago, we committed to becoming the leading platform for energy trading," Soleja said in the release. "Today, our customers are managing complex power and renewable portfolios across multiple jurisdictions, all within Molecule.”

Molecule is also known for its data-as-a-lake platform, Bigbang, which enables energy ETRM and commodities trading and risk management (CTRM) customers to automatically import trade data from Molecule and then merge it with various sources to conduct queries and analysis.

“Molecule is doing something very few companies in energy tech have done: combining mission-critical depth with cloud-native, scalable technology,” Christian Stewart, Sundance Growth managing director, added in the statement. “Sameer and his team have built a platform that’s not only powerful, but user-friendly—a rare combination in enterprise software. We’re thrilled to partner with Molecule as they continue to grow and transform the energy trading and risk management market.”

D.C. energy company secures $233M for ERCOT battery storage projects

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The Electricity Reliability Council of Texas’ grid will get a boost courtesy of Lydian Energy.

The D.C.-based company announced the successful financial close of its first institutional project financing totaling $233 million, backed by ING Group and KeyBank. The financing will support three battery energy storage system (BESS) projects in Texas.

Lydian is an independent power producer that specializes in the development, construction and operation of utility-scale solar and battery energy storage projects. The company reports that it plans to add 550 megawatts of energy—which can power approximately 412,500 homes—to the Texas grid administered by ERCOT.

“This financing marks an important step forward as we continue executing on our vision to scale transformative battery storage projects that meet the evolving energy needs of the communities we serve,” Emre Ersenkal, CEO at Lydian Energy, said in a news release.

The projects include:

Pintail 

  • Located in San Patricio county
  • 200 megawatts
  • Backed by ING

Crane

  • Located in Crane county
  • 200 megawatts
  • Backed by ING

Headcamp

  • Located in Pecos county
  • 150 megawatts
  • Backed by KeyBank

ING served as the lender for Pintail and Crane projects valued at a combined total of approximately $139 million.

KeyBank provided a $94 million financing package for the Headcamp project. KeyBanc Capital Markets also structured the financing package for Headcamp.

The three projects are being developed under Excelsior Energy Capital’s Fund II. Lydian’s current portfolio comprises 20 solar and storage projects, totaling 4.7 gigawatts of capacity.

“Our support of Lydian’s portfolio reflects ING’s focus on identifying strategic funding opportunities that align with the accelerating demand for sustainable power,” Sven Wellock, managing director and head of energy–renewables and power at ING, said in the release. “Battery storage plays a central role in supporting grid resilience, and we’re pleased to back a platform with strong fundamentals and a clear execution path.”

The facilities are expected to be placed in service by Q4 2025. Lydian is also pursuing additional financing for further projects, which are expected to commence construction by the end of 2025.

“These financings represent more than capital – they reflect the strong demand for reliable energy infrastructure in high-growth U.S. markets,” Anne Marie Denman, co-founding partner at Excelsior Energy Capital and chair of the board at Lydian Energy, added in the news release. “We’re proud to stand behind Lydian’s talented team as they deliver on the promise of battery storage with bankable projects, proven partners, and disciplined execution. In the midst of a lot of noise, these financings are a reminder that capital flows where infrastructure is satisfying fundamental needs of our society – in this case, the need for reliable, sustainable, domestic, and affordable energy.”