Houston pipeline heirs strike it rich as wealthiest family in Texas

AMERICA'S WEALTHIEST FAMILIES

Randa Williams is the high-profile heir of the Duncan family. Photo courtesy of Texas Monthly

Missouri has the Busches. Nebraska has the Buffetts. New York has the Hearsts. These are among the best-known wealthy families in the U.S.

Lesser-known nationally but well-known in Texas is the Duncan family of Houston, identified by FamilyMinded.com as the richest family in Texas. The website, which rounded up a list of the richest family in each state, pegs the family's estimated net worth at $26 billion; Forbes puts it at $25.6 billion.

The Duncan family comprises the four children of the late pipeline mogul Dan Duncan.

The children — Dannine Avara, Scott Duncan, Milane Frantz, and Randa Williams — inherited a tax-free $10 billion share of their father's estate following his death in 2010, when the so-called "death tax" had temporarily been repealed, according to Forbes. Each of them has an estimated net worth of $6.4 billion, Forbes says.

Williams is perhaps the most visible of the four Duncan heirs.

Williams is the only Duncan sibling who's involved in running the family business. She is chairwoman of Houston-based Enterprise Products Partners LP, the pipeline company that her father founded in 1968. Last year, the company posted revenue of $36.5 billion. In June, Williams made a big splash with her purchase of Austin-based Texas Monthly magazine.

While the Duncans are worth close to $26 billion, their wealth doesn't come close to that of Alice Walton of Fort Worth, the richest person in Texas. Forbes estimates her net worth at $52.4 billion.

FamilyMinded.com lists Alice Walton and her fellow heirs to the Walmart fortune as the richest family in Arkansas (where Walmart is based), with an estimated net worth of $163 billion. They're also the richest family in the U.S.

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This article originally ran on CultureMap.

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Houston researcher builds radar to make self-driving cars safer

eyes on the road

A Rice University researcher is giving autonomous vehicles an “extra set of eyes.”

Current autonomous vehicles (AVs) can have an incomplete view of their surroundings, and challenges like pedestrian movement, low-light conditions and adverse weather only compound these visibility limitations.

Kun Woo Cho, a postdoctoral researcher in the lab of Rice professor of electrical and computer engineering Ashutosh Sabharwal, has developed EyeDAR to help address such issues and enhance the vehicles’ sensing accuracy. Her research was supported in part by the National Science Foundation.

The EyeDAR is an orange-sized, low-power, millimeter-wave radar that could be placed at streetlights and intersections. Its design was inspired by that of the human eye. Researchers envision that the low-cost sensors could help ensure that AVs always pick up on emergent obstacles, even when the vehicles are not within proper range for their onboard sensors and when visibility is limited.

“Current automotive sensor systems like cameras and lidar struggle with poor visibility such as you would encounter due to rain or fog or in low-lighting conditions,” Cho said in a news release. “Radar, on the other hand, operates reliably in all weather and lighting conditions and can even see through obstacles.”

Signals from a typical radar system scatter when they encounter an obstacle. Some of the signal is reflected back to the source, but most of it is often lost. In the case of AVs, this means that "pedestrians emerging from behind large vehicles, cars creeping forward at intersections or cyclists approaching at odd angles can easily go unnoticed," according to Rice.

EyeDAR, however, works to capture lost radar reflections, determine their direction and report them back to the AV in a sequence of 0s and 1s.

“Like blinking Morse code,” Cho added. “EyeDAR is a talking sensor⎯it is a first instance of integrating radar sensing and communication functionality in a single design.”

After testing, EyeDAR was able to resolve target directions 200 times faster than conventional radar designs.

While EyeDAR currently targets risks associated with AVs, particularly in high-traffic urban areas, researchers also believe the technology behind it could complement artificial intelligence efforts and be integrated into robots, drones and wearable platforms.

“EyeDAR is an example of what I like to call ‘analog computing,’” Cho added in the release. “Over the past two decades, people have been focusing on the digital and software side of computation, and the analog, hardware side has been lagging behind. I want to explore this overlooked analog design space.”

12 winners named at CERAWeek clean tech pitch competition in Houston

top teams

Twelve teams from around the country, including several from Houston, took home top honors at this year's Energy Venture Day and Pitch Competition at CERAWeek.

The fast-paced event, held March 25, put on by Rice Alliance, Houston Energy Transition Initiative and TEX-E, invited 36 industry startups and five Texas-based student teams focused on driving efficiency and advancements in the energy transition to present 3.5-minute pitches before investors and industry partners during CERAWeek's Agora program.

The competition is a qualifying event for the Startup World Cup, where teams compete for a $1 million investment prize.

PolyJoule won in the Track C competition and was named the overall winner of the pitch event. The Boston-based company will go on to compete in the Startup World Cup held this fall in San Francisco.

PolyJoule was spun out of MIT and is developing conductive polymer battery technology for energy storage.

Rice University's Resonant Thermal Systems won the second-place prize and $15,000 in the student track, known as TEX-E. The team's STREED solution converts high-salinity water into fresh water while recovering valuable minerals.

Teams from the University of Texas won first and second place in the TEX-E competition, bringing home $25,000 and $10,000, respectively. The student winners were:

Companies that pitched in the three industry tracts competed for non-monetary awards. Here are the companies named "most-promising" by the judges:

Track A | Industrial Efficiency & Decarbonization

Track B | Advanced Manufacturing, Materials, & Other Advanced Technologies

  • First: Licube, based in Houston
  • Second: ZettaJoule, based in Houston and Maryland
  • Third: Oleo

Track C | Innovations for Traditional Energy, Electricity, & the Grid

The teams at this year's Energy Venture Day have collectively raised $707 million in funding, according to Rice. They represent six countries and 12 states. See the full list of companies and investor groups that participated here.

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