Leading Houston energy ecosystem rebrands for next phase

new look

Energytech Cypher co-founders Nada Ahmed and Jason Ethier. Photo via energytechcypher.com

Houston-based Energytech Nexus has rebranded.

The cleantech founders community will now be known as Energytech Cypher. Organizers say the new name was inspired by the Arabic roots of the word cypher, ṣifr, which is also the root of the word zero.

"A cypher is a key that unlocks what's hidden," Nada Ahmed, co-founder and chief revenue officer of Energytech Cypher, said in a news release. "And zero? Zero is where every transformation begins, the leap from 0 to 1, from idea to reality, from potential to power. We decode the energy transition by connecting the right founders, the right capital, and the right corporate partners at the right time, because the most important journey in energy is the one that takes you from nothing to something."

Energytech Nexus has rebranded to Energytech Cypher.

Co-founder and CEO Jason Ethier says that the name change better reflects the organization's mission.

"The energy transition doesn't have a technology problem. It has a connection problem," Ehtier added in the release. "The right founders exist. The right investors exist. The right partners exist. What's been missing is the infrastructure to bring them together—to decode the complexity, remove the friction, and make sure the best technologies find the markets that need them. That's what this community has always done. Energytech Cypher is the name that finally says it."

Energytech Cypher, previously known as Energytech Nexus, was first launched in 2023 and has grown from a podcast to a 130-member ecosystem. It has supported startups including Capwell Services, Resollant, Syzygy Plasmonics, Hertha Metals, Solidec and many others.

It is known for its flagship programs like the Pilotathon, which connects founders with industry partners for pilot opportunities. The event debuted in 2024.

Energytech Cypher also launched its COPILOT Accelerator last year. The accelerator partners with Browning the Green Space, a nonprofit that promotes diversity, equity and inclusion (DEI) in the clean energy and climatech sectors. The inaugural cohort included two Houston-based startups and 12 others from around the U.S.

It also hosts programs like Liftoff, Energy Tech Market, lunch and learns, CEO roundtables, investor workshops and international partnership initiatives.

Last year, Energytech Cypher also announced a new strategic ecosystem partnership with Greentown Labs, aimed at accelerating growth for clean energy startups. It also named its global founding partners, including Houston-based operations such as Chevron Technology Ventures, Collide, Oxy Technology Ventures, and others from around the world.

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This article originally appeared on our sister site, EnergyCapitalHTX.com.

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The seven selected startups will have year-long curated curriculum, incubation at Greentown's two locations, a non-dilutive $25,000 grant, and access to mentors, corporates, and more from both Greentown and BGS's networks. Photo via GreentownLabs.com

2 Houston startups join inclusive accelerator for sustainability innovation

ready to grow

Two organizations have named the seven startup participants for their accelerator that works to advance BIPOC-led startups in the climatetech space.

Greentown Labs and Browning the Green Space named the newest accelerator for the Advancing Climatetech and Clean Energy Leaders Program, or ACCEL. The seven selected startups will have year-long curated curriculum, incubation at Greentown's two locations, a non-dilutive $25,000 grant, and access to mentors, corporates, and more from both Greentown and BGS's networks.

"Building on the momentum and success of our inaugural year, Greentown Labs is proud to welcome this incredible cohort of BIPOC-led startups to Year 2 of ACCEL," Greentown Labs CEO and President Kevin Knobloch says in a news release. "These founders and their teams are developing a dynamic array of much-needed climatetech solutions, and we're privileged to support them on their startup journeys as they advance their technologies and grow their teams."

The 2024 cohort includes:

  • AtmoSpark Technologies, based in Houston, is an atmospheric water generation company with a patented electro-condensation technology, which has a lower energy footprint than that of current water-generation methods.
  • Cambridge, Massachusetts-based Aquasaic is harnessing biology to clean water for planetary and human health.
  • Houston-based Axis Sky Renewables creates innovative wind solutions, specializing in vertical-axis wind turbines that are less expensive to produce, deploy, and maintain than traditional wind turbines.
  • Carbon Negative Solutions, from Rock Hill, New York, is creating smart-city-ready, carbon-negative concrete products.
  • NYC-based Cellsense develops interactive bio-embellishments that create new possibilities for designers while eliminating microplastics and replacing fossil-fuel-based material at scale.
  • EcoForge, headquartered in Providence, Rhode Island, is a building-material technology company developing affordable, high-performance building materials from local agricultural residues, replacing energy-intensive, fossil-based materials.
  • Boston-based Sankofa Dynamics creates low-cost, eco-friendly solutions for water, air, and energy problems.

The program is supported by the Massachusetts Clean Energy Center, Microsoft's Climate Innovation Fund, Equinor, Barr Foundation.

"These BIPOC-led startups are developing climate technologies that will lead us to a more equitable and sustainable future," MassCEC CEO Dr. Emily Reichert, the former CEO of Greentown, says in the release. "We want ALL climatetech innovators and entrepreneurs to thrive here in Massachusetts. We are proud to support the ACCEL accelerator, created and led by Greentown Labs and Browning the Green Space. The ACCEL program is helping us build a more diverse innovation ecosystem by breaking down barriers and expanding opportunities."

ACCEL was announced in 2022, and the first cohort featured six climatetech startups — two based in Houston.

"Our second year of ACCEL brings together an inspirational and diverse cohort of seven BIPOC-led startups developing tech to accelerate the distribution of climate solutions that address community needs," Browning the Green Space President and Executive Director Kerry Bowie adds. "We are thrilled to continue to strengthen our partnership with Greentown Labs and VentureWell and build on the learnings from the pilot cohort to provide critical support infrastructure for entrepreneurs of color."

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This article originally ran on EnergyCapital.

Two climatetech startups are joining a new program from Greentown Labs and Browning the Green Space. Photo via greentownlabs.com

2 Houston startups tapped for inaugural BIPOC-focused accelerator cohort

seeing green

A new accelerator focused on BIPOC-led energy tech startups named its inaugural cohort, and two Houston-based companies made the cut.

The new program — Advancing Climatetech and Clean Energy Leaders Program, or ACCEL — is an initiative led by Greentown Labs and Browning the Green Space that was originally announced in November. The program was established to provide access to funding, networking connections, resources, and more to BIPOC-led startups working on a climatetech solution.

The program is supported by the Massachusetts Clean Energy Center, or MassCEC, a state economic development agency, and the Boston-based Barr Foundation, a Boston-based foundation. Each of the selected startups will receive a $25,000 grant, incubation at Greentown, mentorship from Greentown and BGS’s networks, and access to a curriculum curated by VentureWell, a nonprofit with deep expertise in the climatetech space.

“We are thrilled and eager to support this exceptional cohort of startup leaders as they tackle some of our world’s biggest climate challenges,” says Kevin T. Taylor, CFO and interim CEO at Greentown Labs, in a news release. “Through partnerships with Browning the Green Space and VentureWell—and with the support from MassCEC and the Barr Foundation—we look forward to offering intentional mentorship, training, and networking opportunities to help these BIPOC-led startups thrive.”

The co-located program will host startups at each of the two Greentown Labs locations in the Houston and Boston areas. The inaugural cohort includes:

  • Active Surfaces, based in Salem, Massachusetts, unlocks dual land-use applications through its ultra-thin-film, flexible solar technology. Its co-founders are Shivam Bhakta and Richard Swartwout.
  • Houston-based DrinKicks is a sneaker-themed consumer-products company that is focused on repurposing food waste and recycled materials into sustainable goods such as shoes, sports equipment, and clothing, all while educating consumers on the power of the circular economy. The company was co-founded by Kristeen Reynolds, Michael Fletcher, and Kristen Lee.
  • EarthBond, headquartered in Cambridge, Massachusetts, leverages group financing and carbon accounting to lower costs and risk in the energy transition of Nigeria's $14B fuel-based, off-grid generator market. Chidalu Onyenso founded the business.
  • Amherst, Massachusetts-based florrent is a bio-based materials and energy storage company providing solutions to address critical bottlenecks to the global decarbonization and electrification of utilities, transportation, and buildings. Its co-founders are Jose LaSalle, Joe Hastry, and Alexander Nichols. florrent is a current Greentown member.
  • frakktal, founded in Houston by Jhana Porter, is a B2B materials company developing bio-based polymer processes for the replacement of fossil-fuel-based feedstocks across industries. The company is a current Greentown member.
  • SpadXTech from Worcester, Massachusetts, is contributing to the reduction of CO2 emissions impacting several industries such as packaging, textiles, transportation, filtration, and construction through the manufacturing of its core and versatile material platform technology. Its co-founders are Lina M. González and Connor Crawford.

“We are inspired by and excited to support the wealth of innovation and fresh perspectives on climate solutions offered by our inaugural ACCEL cohort of startup leaders,” said Kerry Bowie, executive director and president of Browning the Green Space. “Through this partnership with Greentown Labs we are able to build critical support infrastructure for entrepreneurs of color and accelerate the equitable development and distribution of climate solutions across all communities.”

The program will officially kick off at an event on February 23 at Greentown’s Boston location.

Greentown Labs announced its latest accelerator program — this one is focused on DEI in clean energy innovation. Photo via GreentownLabs.com

Greentown Houston announces co-located accelerator for energy innovators of color

browning the green space

Greentown Labs has announced its latest accelerator program that will be co-located in both its Houston and Boston-area spaces.

In partnership with Browning the Green Space, Greentown Labs has officially launched the Advancing Climatetech and Clean Energy Leaders Program, or ACCEL, and is seeking applications from climatetech entrepreneurs who identify as Black, Indigenous, and/or People of Color.

The startups accepted into the year-long program will receive a curated curriculum, incubation at one of the Greentown locations, and mentorship from its large network of energy professionals. Each participant will also receive a non-dilutive $25,000 grant. Applications for ACCEL are open now and are due by Dec. 23

“We need all hands on deck to solve the climate crisis and foster a just energy transition,” says Emily Reichert, CEO of Greentown Labs, in a news release. “We are proud to partner with Browning the Green Space on this important program, and are eager to support more underrepresented founders through ACCEL to help build a more diverse, inclusive, and equitable climatetech industry.”

BGS is a nonprofit that is focused on making clean energy other climate-related fields more diverse, equitable, and inclusive. The organization is headquartered in Boston.

“We are excited to work in partnership with Greentown Labs to build critical support infrastructure for entrepreneurs of color and accelerate the equitable development and distribution of climate solutions across all communities,” says Kerry Bowie, executive director and president of Browning the Green Space, in the release. “ACCEL will help us move closer to where we all should be collectively, and create the opportunity to change the face of clean energy as we know it.”

The new program is also supported the Massachusetts Clean Energy Center, a state economic development agency dedicated to accelerating the growth of the clean energy sector across the Commonwealth, and then Boston-based Barr Foundation, a foundation with a regional focus, working in partnership with partners to elevate the arts, advance solutions for climate change, and connect all students to success in high school and beyond, per the news please.

“The Barr Foundation’s climate program has made a commitment to centering racial equity in the energy transition,” says Kathryn Wright, senior program officer of Clean Energy at The Barr Foundation, in the release. “We are excited to support this crucial opportunity to provide education and mentorship for underrepresented climate entrepreneurs in our region. We look forward to seeing the impact of the ACCEL program in the coming years.”

The curriculum for ACCEL will be led by Hadley, Massachusetts-based VentureWell, a nonprofit that funds and trains innovators to create successful, socially beneficial businesses. Applicants may be based anywhere in the world, but will be expected to attend in-person elements of the program at either Greentown Boston or Greentown Houston.

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Tesla self-driving mode wasn't to blame in Houston-area crash, report suggests

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Federal safety investigators looking into a runaway Tesla that killed a grandmother in her home say the driver had pressed the accelerator to full speed, suggesting the vehicle's self-driving software was not to blame.

The driver had told police that he had the self-driving software turned on, but a report from the National Transportation Safety Board concluded that he had actually overridden that feature when he pushed hard on the pedal. Moments later the Tesla Model 3 raced down a residential street in Katy, Texas, at highway speeds, slammed into a brick home and killed a 76-year-old woman standing in the front room.

The crash last month drew national attention because Tesla CEO Elon Musk is seeking to reassure the public its self-driving feature is safe as he prepares to turn hundreds of thousands of Teslas already on the road into fully automatic vehicles and begin selling two-seated Cybercabs missing steering wheels and pedals.

The crash came two months after officials at a separate federal agency, the National Highway Traffic Safety Administration, announced it was elevating a 2024 investigation of the self-driving feature to new “engineering analysis” level, raising the possibility of a recall of 3.2 million Tesla vehicles.

That NHTSA probe was triggered by crashes where the self-driving feature failed to alert drivers to take control in fog and other poor visibility conditions.

The agency opened an investigation last year into 58 incidents in which Teslas reportedly violated traffic safety laws while using self-driving technology, leading to more than a dozen crashes and fires and nearly two dozen injuries.

Separate from the National Transportation Safety Board, NHTSA is also looking into the Tesla house crash in Texas, one of 46 “special crash” investigations of Tesla's self-driving or driver-assistance technology in the past decade, according to the agency’s records. In more than a dozen of those crashes, at least one person — a driver, passenger or pedestrian — was killed.

Tesla had originally called its driver assistance software Full Self-Driving, or FSD, but auto experts and regulators complained it was misleading because drivers must always keep their eyes on the road and be ready to take over at any time.

The company has since changed the name to Full Self-Driving (Supervised).

Video of the Katy, Texas, accident shows the Tesla traveling at more than 70 mph (112.65 kilometers per hour), jumping a curb then tearing across a lawn before crushing through a brick wall of a home. A woman standing feet away, Martha Avila, was found amid piles of crumbling plaster, split beams and bits of furniture and rushed to a hospital but died.

Sales of Tesla cars still haven't recovered fully from boycotts last year over Musk's political stands, but the stock is rising anyway as he has successfully shifted attention away from the sales figures. He says they matter less now that the company is on the cusp of major technological advances, such as turning Teslas into hands-free vehicles and having its Optimus robots take over for humans for tasks at home and work.

Tesla stock has risen 22% in the past year and is currently trading at 170 times expected annual earnings compared to 20 for the S&P 500.

For its second-quarter financial results, financial analysts surveyed by FactSet expect earnings per share will barely budge — 32 cents versus 33 cents a year earlier — continuing a sixth quarter streak of flat or falling profits.

London AI startup selects Houston for first U.S. office after $20M raise

welcome to houston

London-based AI firm Applied Computing has announced a $20 million Series A round and a new office in Houston.

The new Bayou City office is Applied Computing’s first in the United States and part of its North American expansion. The company is known for its Orbital AI platform, which is tailored for energy operations.

The funding round was led by Houston-based KBR Inc., with participation from San Francisco-based Databricks Ventures. KBR’s investment was first announced in March.

KBR and Applied Computing have also entered into a multi-year agreement to deliver exclusive AI products for the energy sector. KBR already has integrated Orbital into its INSITE 3.0 platform for energy projects, and is also using the product for ammonia production.

Applied Computing’s Orbital platform combines physics-grounded intelligence with models across chemical engineering, time-series forecasting and language, according to the company. The system analyzes sensor readings and can recognize a facility’s equipment constraints and operator activity. The platform can also allow technicians to run simulations of how a change to a facility could affect the rest of its operations.

According to TechCrunch, Applied Computing will use the $20 million to further explore projects and deployments with the energy sector, hire engineering and research positions, and continue to expand internationally, potentially into the Middle East.

The company is also working on deals with a major U.S. stream operator, TechCrunch reports. And Applied Computing shared on LinkedIn that it plans to announce its first partnership with a major European oil company in the coming weeks.

“Yesterday we showed Orbital live in deployments at our demo day at the Energy Institute in London,” Callum Adamson, CEO and co-founder of Applied Computing, posted on LinkedIn on July 16. “Today, we're announcing the capital to scale it globally as well as the launch of our new offices in Houston and Bangalore. In the weeks following, there will be more announcements on our progress, partnerships and deployments.”

The company opened its Bangalore offices in December.

Texas is no longer America's No. 1 most financially distressed state

Report Rebound

After spending an unfortunate year as the No. 1 state with the most people in financial distress, Texas has slightly recovered. But the Lone Star State isn't out of the woods yet: it's still among the five most financially distressed states in America for 2026.

According to WalletHub's 2026 report, Texas sits in the No. 4 spot this year, while Kansas, Louisiana, and Florida moved up to become the top three states with the most financially distressed residents.

The personal finance website's experts compared all 50 states based on residents' average credit scores, the share of people with "accounts in distress" (meaning an account that's in forbearance or has deferred payments), the one-year change in bankruptcy filings from March 2025, and search interest indexes for "debt" and "loans."

Despite improving in the overall ranking, the study found Texas has had the fourth-biggest spike in bankruptcy filings nationally from March 2025 to March 2026. Texas residents also have the 10th worst average credit scores in the country, according to the findings.

This is how Texas ranked across the study's six key dimensions, where No. 1 means "most distressed:"

  • No. 4 – Change in bankruptcy filings from March 2024 to March 2025 rank
  • No. 5 – Average number of accounts in distress rank
  • No. 8 – "Loans" search interest index rank
  • No. 8 – People with accounts in distress rank
  • No. 12 – Credit score rank
  • No. 13 – “Debt” search interest index rank

It feels like inflation and affordability have been top-of-mind for many Americans over recent years, and uncertainty around the national economy also adds another level of distress. That's especially true for Houston residents, which were dubbed the second most financially distressed people in America earlier in 2026.

"Americans have faced significant financial challenges in recent years, as inflation, shifting unemployment levels, public health emergencies, and natural disasters have made it more difficult for many households to stay on top of their bills," the report said.

The top three states that have the least financially distressed residents are Maine (No. 50), Rhode Island (No. 49), and Hawaii (No. 48).

The top 10 most financially distressed states in America for 2026 are:

  • No. 1 – Kansas
  • No. 2 – Lousiana
  • No. 3 – Florida
  • No. 4 – Texas
  • No. 5 – South Carolina
  • No. 6 – Wyoming
  • No. 7 – Georgia
  • No. 8 – California
  • No. 9 – North Carolina
  • No. 10 – Kentucky
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A version of this article originally appeared on CultureMap.com.

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