low carbon funding

Rice University's Shell-backed hub announces latest research grants

Established in 2019, Rice University's Carbon Hub has named its first batch of research grant recipients. Photo via rice.edu

Several clean energy research teams have been awarded grants from a Rice University hub that focuses on innovating zero-emissions technology.

The Carbon Hub has awarded seven seed grants to research teams working on solutions for clean energy. The selections represent the first from the hub, which was established in 2019 following a $10 million gift from Shell. The hub's goal is to fundamentally change how the world uses hydrocarbons and to lead $100 million of science and engineering initiatives.

"Our starting point is utilizing methane and other light hydrocarbons to co-produce clean hydrogen and high-value materials that can outcompete and displace heavy CO2 emitters like metals, construction ceramics and fertilizers," says Carbon Hub Director Matteo Pasquali in a news release.

The selected proposals, according to the release, are as follows:

  • Cambridge's Adam Boies, Simone Hochgreb, James Elliot and Matthew Juniper will investigate the fundamental kinetics of catalytic reactions that produce carbon nanotubes from methane. The research aims to gather necessary information for the design and scaleup of reactors for high-yield production.
  • UC Berkeley's Roya Maboudian, Paulo Monteiro, Carlo Carraro and Jiaqi Li will use experimental and computational techniques to investigate cement reinforced with carbon fibers. The team will investigate a wide range of fibers and concrete binders to find optimal blends.
  • Rice's Caroline Masiello and Daniel Cohan will use bench-scale experiments and computer models to investigate whether methane-derived carbon could reduce urban smog and/or reduce atmospheric carbon dioxide concentrations if added to soil as it is in popular charcoal soil amendments called biochar.
  • IMDEA's Juan Vilatela will address engineering challenges for using non-woven carbon nanotube fabrics in place of lithium battery components made of aluminum and copper. Replacing those metal components could eliminate more than 4 million tons of annual atmospheric carbon dioxide emissions.
  • Rice's Geoffrey Wehmeyer, Junichiro Kono and Matthew Foster will lay the groundwork for replacing metal power transmission cables with carbon nanotube fibers. To allow side-by-side comparisons, they will investigate fundamental electrical and thermal conductivity at scales ranging from individual nanotubes to bundles of tubes, fibers of bundles and yarns of fibers.
  • Milan Polytechnic's Matteo Maestri and Matteo Pelucchi aim to pave the way for optimized co-production of hydrogen and carbon nanotubes by developing descriptive frameworks for competing catalytic reactions. The information would allow process engineers to minimize production of unwanted soot in large-scale reactors for nanotube production.
  • MIT's Mark Goulthorpe and UDRI's Paul Kladitis will test the performance of carbon nanotube materials in a variety of composites that could be used to construct homes and other buildings. The work complements Goulthorpe's CarbonHouse, a demonstration project supported by the Advanced Research Projects Agency-Energy to validate the use of carbon from methane pyrolysis as both structural and non-structural building materials.

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Building Houston

 
 

Craig Lawrence and Neal Dikeman co-founded a new venture capital firm focused on funding technology as a part of the energy transition. Photos courtesy

Two Texas entrepreneurs recently announced what they say is the first venture fund in Texas exclusively dedicated to investing in energy transition technologies.

Houston-based Energy Transition Ventures — led by Craig Lawrence and Neal Dikeman — officially emerged from stealth mode with anchor investment from two operating companies from the GS Group of Korea. The fund closed its first capital in February this, completed its first investment in March, and looks to close new investors for a total fund size of $75 million, according to a press release.

"In the near future, energy is going to be delivered and used completely differently. Marginal and average energy and CO2e prices are now on a long term deflationary trend," says Dikeman in the release. "There are 500 multi-billion dollar energy companies globally, and massive portions of global GDP, that are going to get disrupted in the energy transition, from energy & power, transport, real estate, industrial to consumer to agriculture."

Dikeman, who is the managing partner at Old Growth Ventures, a family office investor, also chairs the board at nonprofit cleantech accelerator Cleantech.org, virtual research institute. In 2001, he co-founded San Francisco based cleantech investment firm Jane Capital in 2001.

"We've been successful being highly selective as investors, and using our deep networks and understanding of energy and technology to avoid pitfalls other investors faced. It is exciting to be off the bench to do it again," he continues.

Lawrence, who's also been a part of the cleantech revolution for a chunk of his career, previously started and led the cleantech investing effort at Accel Partners and was previously vice president of product at software company Treverity. The duo chose the Energy Capital of the World to headquarter ETV.

"Texas is the energy capital of the world, and outside of corporate venture capital, there are not many venture funds in the state," says Lawrence. "So it makes sense to start an energy transition focused fund here as the latest wave of clean technology investing accelerates."

ETV will fund from seed to series B with select late-stage opportunities, according to the release, and will colocate a Silicon Valley office with GS Futures, the Silicon Valley-based corporate venture capital arm of energy, construction, and retail conglomerate GS Group of Korea.

"We're excited to be investing in ETV and in the future of energy," says Tae Huh, managing director of GS Futures, in the release. "Energy Transition Ventures is our first investment from the new GS Futures fund, and we've already run successful pilots in Korea with three US startups even before this fund closed an investment – we are working to accelerate the old model of corporate venture dramatically."

Jon Wellinghoff, former chair of FERC, and Deb Merril, president of EDF Retail and co-founder and former co-CEO of Just Energy, have also joined ETV as advisors. GS Energy executive Q Song moves from Seoul, Korea, to join the Houston ETV investment team, according to the release.

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