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Annual Houston conference to target topics on digitalization of decarbonization

Venture Houston returns this year — this time focused on the digitization of decarbonization. Photo courtesy of Venture Houston

An event that brings top venture capitalists to Houston returns for its third year — and this time the topic of conversation is the energy transition.

Venture Houston, taking place on September 7, is presented by HX Venture Fund, a fund of funds that deploys capital into non-Houston firms to encourage investment in local startups. This year's theme is "Spotlighting the path for decarbonization in a digital world," and Sandy Guitar, managing partner at HXVF, tells EnergyCapital that while that might sound like a narrow topic, attendees will see at the event how broad a theme it really is.

"We're calling it digitalization to decarbonization in order to help identify the fact that decarbonization is just a market that you sell into — the technologies are very broadly defined," Guitar says. "Underneath that, the decarbonization market happens to involve everything that is better, cheaper, and faster."

The event, which has its ticket registration open now, has a full agenda with several keynote addresses and panels featuring venture leaders, CEOs, startup founders, and more from Houston and beyond. There will also be networking breaks and other activations, including a breakfast presented by DivInc and Capital Connect on September 6. This event features curated collisions for a select VCs and founders.

The conference's first panel, "Seeding Sustainability: Unlocking the Power of Early Stage Investments," includes Josh Posamentier, co-founder and managing partner of Congruent Ventures, who will share the stage with the founder of one of his firm's portfolio companies, Tim Latimer of Fervo Energy, among others.

To Posamentier, one of the things he hopes attendees takes away is how timely decarbonization is — especially in Houston.

"If I had one ask, it would be that people, especially for this audience, double down and mobilize more toward alternative energy," he tells EnergyCapital. "Take all the learnings, all the skills that come from conventional energy and repurpose them. I think there's it's a bigger market — more is being spent on renewables now than on oil and gas development and, you've got got a good 50 years of insane growth ahead."

And, as Guitar adds, the energy transition is not something that only affects the companies building the technology or working within the energy industry.

"I do think it's important to see the decarbonization not as a hard tech event, but as everything that touches carbon, which is basically everything in our planet in just the coal previously," she says. "Everything we make and use touches the climate."

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A View From HETI

These three Houston innovators have been recognized by Time Magazine. Photos courtesy

Three Houston executives — Andrew Chang, Tim Latimer, and Cindy Taff — have been named to Time magazine’s prestigious list of the 100 Most Influential Climate Leaders in Business for 2024.

As managing director of United Airlines Ventures, Chang is striving to reduce the airline’s emissions by promoting the use of sustainable aviation fuel (SAF). Jets contribute to about two percent of global emissions, according to the International Energy Agency.

In 2023, Chang guided the launch of the Sustainable Flight Fund, which invests in climate-enhancing innovations for the airline sector. The fund aims to boost production of SAF and make it an affordable alternative fuel, Time says.

Chang tells Time that he’d like to see passage of climate legislation that would elevate the renewable energy sector.

“One of the most crucial legislative actions we could see in the next year is a focus on faster permitting processes for renewable energy projects,” Chang says. “This, coupled with speeding up the interconnection queue for renewable assets, would significantly reduce the time it takes for clean energy to come online.”

At Fervo Energy, Latimer, who’s co-founder and CEO, is leading efforts to make geothermal power “a viable alternative to fossil fuels,” says Time.

Fervo recently received government approval for a geothermal power project in Utah that the company indicates could power two million homes. In addition, Fervo has teamed up with Google to power the tech giant’s energy-gobbling data centers.

In an interview with Time, Latimer echoes Chang in expressing a need for reforms in the clean energy industry.

“Addressing climate change is going to require us to build an unprecedented amount of infrastructure so we can replace the current fossil fuel-dominated systems with cleaner solutions,” says Latimer. “Right now, many of the solutions we need are stalled out by a convoluted permitting and regulatory system that doesn’t prioritize clean infrastructure.”

Taff, CEO of geothermal energy provider Sage Geosystems, oversees her company’s work to connect what could be the world’s first geopressured geothermal storage to the electric grid, according to Time. In August, Sage announced a deal with Facebook owner Meta to produce 150 megawatts of geothermal energy for the tech company’s data centers.

Asked which climate solution, other than geothermal, deserves more attention or funding, Taff cites pumped storage hydropower.

“While lithium-ion batteries get a lot of the spotlight, pumped storage hydropower offers long-duration energy storage that can provide stability to the grid for days, not just hours,” Taff tells Time. “By storing excess energy during times of low demand and releasing it when renewables like solar and wind are not producing, it can play a critical role in balancing the intermittent nature of renewables. Investing in pumped storage hydropower infrastructure could be a game-changer in achieving a reliable, clean energy future.”

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