by the numbers

Here's how Texas ranks as an energy efficient state

The report ranked each state on both its home and auto efficiency. Photo via Getty Images

How energy efficient is the Lone Star State? A new report finds that Texas has some room for improvement in that department.

In its 2024 "Most & Least Energy-Efficient States" report, WalletHub ranks Texas at No. 36 out of the 50 states with a score of 47.5 out of 100 points.

The report ranked each state on both its home and auto efficiency. Texas came in No. 32 for home energy efficiency, which factored in the National Weather Service's annual degree days.

For auto efficiency, Texas came in at No. 38, but ranked No. 43 for vehicle-fuel efficiency specifically and No. 20 for transportation efficiency.

"We divided the annual vehicle miles driven by gallons of gasoline consumed to determine vehicle-fuel efficiency and measured annual vehicle miles driven per capita to determine transportation efficiency," according to WalletHub, which used data from the U.S. Census Bureau, National Climatic Data Center, U.S. Energy Information Administration, and U.S. Department of Transportation - Federal Highway Administration.


Source: WalletHub

Texas receives mixed reviews when it comes to energy reports from WalletHub. A June report found that Texas ranked as the fourth cheapest state for energy, and in April the state was found to be the thirteenth least green state.

Zooming in on Houston, the reports don't look any better. Earlier this month, the Bayou City was ranked the third worst metro when it comes to the country's greenest cities.

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A View From HETI

PitchBook attributes $634 million in fourth-quarter VC to Fervo. Photo via Getty Images

The venture capital haul for Houston-area startups jumped 23 percent from 2023 to 2024, according to the latest PitchBook-NVCA Venture Monitor.

The fundraising total for startups in the region climbed from $1.49 billion in 2023 to $1.83 billion in 2024, PitchBook-NVCA Venture Monitor data shows.

Roughly half of the 2024 sum, $914.3 million, came in the fourth quarter. By comparison, Houston-area startups collected $291.3 million in VC during the fourth quarter of 2023.

Among the Houston-area startups contributing to the impressive VC total in the fourth quarter of 2024 was geothermal energy startup Fervo Energy. PitchBook attributes $634 million in fourth-quarter VC to Fervo, with fulfillment services company Cart.com at $50 million, and chemical manufacturing platform Mstack and superconducting wire manufacturer MetOx International at $40 million each.

Across the country, VC deals total $209 billion in 2024, compared with $162.2 billion in 2023. Nearly half (46 percent) of all VC funding in North America last year went to AI startups, PitchBook says. PitchBook’s lead VC analyst for the U.S., Kyle Stanford, says that AI “continues to be the story of the market.”

PitchBook forecasts a “moderately positive” 2025 for venture capital in the U.S.

“That does not mean that challenges are gone. Flat and down rounds will likely continue at higher paces than the market is accustomed to. More companies will likely shut down or fall out of the venture funding cycle,” says PitchBook. “However, both of those expectations are holdovers from 2021.”

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This story originally appeared on our sister site, InnovationMap.com.

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