fresh funding

Houston tech company lands DARPA grant to develop ocean energy system

Yokogawa Corporation of America will work with eight research institutions to develop a new way to harvest energy from oceans. Photo via Getty Images.

Sugar Land-based advanced tech company Yokogawa Corporation of America, in collaboration with eight research institutions, has been awarded a $7.8 million grant from the Defense Advanced Research Projects Agency (DARPA) to develop and test a biologically fueled energy system.

The system known as Persistent Oceanographic Device Power, or PODPower, shows a pioneering advancement in microbial fuel cells (MFCs), a technology that aims to redefine how energy is harvested from oceans.

“Advancements in this area will play a role in our future as we harness this knowledge to address GHG emissions, produce clean energy, and enhance waste treatment,” Amro Hassanein, co-principal investigator and technology strategist, said in a news release.

The grant funds the system's Phase 1 development and deployment, and research is scheduled to continue through the summer of 2026. The company says the project has potential applications in climate monitoring, marine research, national security and clean energy generation.

The initiative will attempt to develop an MFC capable of generating up to 10 watts of continuous power for oceanic research and sensing devices through the use of microorganisms found in ocean water and specific bacteria samples.

“MFCs can process a variety of organic substrates including wastewater, agricultural residues, industrial byproducts, and marine biomass, demonstrating their versatility in applications such as on-site power generation bioremediation and biosensing,” Hassanein said in the news release.

As the only private company in the project, Yokogawa will lead the technical aspect to optimize the MFC technology through precision monitoring, data acquisition and machine learning algorithms.

The project team also includes collaborators from:

  • University of Maryland
  • Harvard University
  • Battelle
  • George Washington University
  • The Institute of Marine and Environmental Technology at the University of Maryland
  • Baltimore County
  • James Madison University
  • Johns Hopkins University
  • The University of Delaware.

Yokogawa believes that the system could power ocean sensing devices that provide key information for monitoring climate change, maintaining national security and understanding marine environments. The project plans to integrate bio-inspired organic matter collection systems, advanced fermentation processes and novel electrode designs.

Yokogawa Corporation of America is an affiliate of Tokyo-based manufacturing company Yokogawa. It moved its headquarters to Sugar Land in 2009.

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fresh funding

Fervo Energy closes $462M series E

Fervo Energy has closed its latest oversubscribed fundraising round. Photo via Fervo Energy

Houston-based geothermal energy company Fervo Energy has closed an oversubscribed $462 million series E funding round, led by new investor B Capital.

“Fervo is setting the pace for the next era of clean, affordable, and reliable power in the U.S.,” Jeff Johnson, general partner at B Capital, said in a news release. “With surging demand from AI and electrification, the grid urgently needs scalable, always-on solutions, and we believe enhanced geothermal energy is uniquely positioned to deliver. We’re proud to support a team with the technical leadership, commercial traction, and leading execution capabilities to bring the world’s largest next-generation geothermal project online and make 24/7 carbon-free power a reality.”

The financing reflects “strong market confidence in Fervo’s opportunity to make geothermal energy a cornerstone of the 24/7 carbon-free power future,” according to the company. The round also included participation from Google, a longtime Fervo Partner, and other new and returning investors like Devon Energy, Mitsui & Co., Ltd., Mitsubishi Heavy Industries and Centaurus Capital. Centaurus Capital also recently committed $75 million in preferred equity to support the construction of Cape Station Phase I, Fervo noted in the release.

The latest funding will support the continued buildout of Fervo’s Utah-based Cape Station development, which is slated to start delivering 100 MW of clean power to the grid beginning in 2026. Cape Station is expected to be the world's largest next-generation geothermal development, according to Fervo. The development of several other projects will also be included in the new round of funding.

“This funding sharpens our path from breakthrough technology to large-scale deployment at Cape Station and beyond,” Tim Latimer, CEO and co-founder of Fervo, added in the news release. “We’re building the clean, firm power fleet the next decade requires, and we’re doing it now.”

Fervo recently won Scaleup of the Year at the 2025 Houston Innovation Awards, and previously raised $205.6 million in capital to help finance the Cape Station earlier this year. The company fully contracted the project's capacity with the addition of a major power purchase agreement from Shell this spring. Fervo’s valuation has been estimated at $1.4 billion and includes investments and support from Bill Gates.

“This new investment makes one thing clear: the time for geothermal is now,” Latimer added in a LinkedIn post. “The world desperately needs new power sources, and with geothermal, that power is clean and reliable. We are ready to meet the moment, and thrilled to have so many great partners on board.”

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