best of the rest

Houston investors, mentors name 9 most promising energy startups at Rice Alliance event

Here are the most promising energy tech startups in the market today. Natalie Harms/InnovationMap

This week, 39 energy startup companies from all over the world pitched in Houston — and nine were recognized as being the most promising of the batch.

The Rice Alliance for Technology and Entrepreneurship returned its Offshore Technology Conference pitch event to its in-person capacity and host the annual event at the Ion Houston for the first time. The event featured three-minute pitches from the companies, and a select group of corporate and venture investors decided on the top nine to honor.

"We asked investors and corporates to look at the companies here today and help us determine the companies most promising — based on those that have an innovative technology that is solving a large problem, has customers willing to pay for it, and has the right team to build and grow their company," Brad Burke, managing director of the Rice Alliance says to the crowd at the event on May 3.

Here's which energy tech companies stood out to investors.

EarthEn

EarthEn, a Chandler, Arizona-based company, is a grid-scale energy storage solution. The technology can provide short-term — 6 to 8 hours — and long-term — over 100 hours — storage. The EarthEn pods provide a cheaper alternative and are built using 3D printing.

Echogen Power Systems

Based in Akron, Ohio, Echogen Power Systems has created a technology that captures heat that would otherwise be lost and converts it to a useable power source. The solution allows for any customer that operates at significant levels of heat to have a cost-effective energy option.

FuelX Innovation

Based in Aiken, South Carolina, FuelX Innovation is manufacturing solid-state hydrogen products and power systems, impacting mobile hydrogen fuel cell-powered applications. The company is focused on producing the lowest cost Alane, or aluminum hydride, for the fuel cell.

Lillianah Technologies

Lillianah Technologies, based in the Houston area in Spring, uses algae to remove carbon dioxide from the atmosphere. The company sells carbon offsets to corporations.

oPRO.ai

oPRO.ai — which is based in Los Altos, California — is providing its customers with deep learning optimization software for process and responsible operations for oil and gas, petrochemical, chemicals, and metal industries.

Proteum Energy

Phoenix, Arizona-based Proteum Energy provides its customers low-cost, clean hydrogen by reforming renewable ethanol into renewable hydrogen.

Sync Power Solutions

Embracing a clean sheet approach, Sync Power Solutions, based in Abilene, Texas, created a solution involving a redesign of electric motors and generators to increase energy efficiency, save on costs, and more.

Utility Global

Houston-based Utility Global is using high temperature electrolysis without the use of electricity to produce hydrogen from waste gases.

ZL Innovations

Based in Portland, Oregon, ZL Innovations is focused on eliminating greenhouse gas emissions from failed industrial valves. The company's solution is a magnetic actuation assembly that can be better sealed to prevent emissions.

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Building Houston

 
 

Amazon's accelerator focused on founders of color has helped Houston startup ChurchSpace reach new milestones. Image via bookchurchspace.com

Houston startup, ChurchSpace, recently participated in the inaugural cohort of the AWS Impact Accelerator for Black Founders, which included a pre-seed fundraising campaign and a $125,000 equity injection from Amazon.

The startup, coined as the “AirBNB for churches” is a tech-enabled marketplace that has a mission to minimize low utilization rate of church real estate across the country. Per the website, ChurchSpace is accepting congregations on its waitlist and is expected to launch this fall.

The AWS Impact Accelerator strengthened ChurchSpace’s efforts of turning underutilized church real estate into on-demand event, worship, and kitchen space. The program provides high-potential, pre-seed startups the tools and knowledge to reach key milestones such as raising funding or being accepted to a seed-stage accelerator program.

"Being a part of the inaugural AWS Impact Accelerator has changed the trajectory and tech build of ChurchSpace," says Day Edwards, CEO and co-founder of the company. "From the grant time to having the ability to build a platform using the latest technologies to ensure churches can share their space safely has truly been a blessing. I urge any female founder to definitely take time to apply. This is a life changing opportunity for all startups."

As one of 25 startups selected for the program, ChurchSpace also received credits, extensive training, mentoring and technical guidance, as well as introductions to Amazon leaders and teams, networking opportunities with potential investors, and ongoing advisory support.

“For underrepresented founders, access is power. And as Black founders with an audacious mission to eradicate high church underutilization rates, the access to capital, mentorship and tech innovation support will create tidal waves of positive impact that reach far beyond our internal operations but spread to thousands of local communities across the nation,” says Emmanuel Brown, ChurchSpace co-founder and COO.

AWS recently announced its three-year, $30 million commitment to the program. Amazon is currently looking for female founders for the next cohort that is now open with the deadline date of August 26.

MassChallenge Texas alum, ChurchSpace was founded in 2020 by two Black millennial pastors’ kids who witnessed the crippling effects that large church financial overhead placed on church leaders. The marketplace allows churches to earn extra revenue while remaining compliant with IRS nonprofit regulations. ChurchSpace is expecting to launch in 10 states with over 6,000 waitlisted users.

“I want to congratulate a truly innovative and inspiring group of startups selected from thousands of applicants for this opportunity. On behalf of the entire team, we are honored to support them on their journey,” says Howard Wright, vice president of startups at AWS.

Day Edwards is the co-founder and CEO of Church Space, which was founded in 2020. Photo courtesy of Church Space

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