Houston-Dallas high-speed train still not official but now it has a builder

all aboard

The train isn't official yet but now there's a builder in place. Photo courtesy of JR Central

The high-speed train between Houston and Dallas still needs an official sign-off before it happens, but a builder has been hired for when that day comes.

Texas Central, the developers of the train, have signed a $16 billion contract with Webuild, an engineering contractor company based in Milan.

Previously known as Salini Impregilo, Webuild is one of the largest civil engineering contractors in the world. They'll be working with The Lane Construction Corporation, a global leader in engineering and construction, to lead the civil construction team that will build the Texas rail line.

According to a release, Webuild is active in more than 50 countries on five continents, including Australia, Europe, Asia, and the Americas.

The company has built high-speed train projects in Europe, along with more complex transportation projects such as the expansion of the Panama Canal, the Grand Paris Express, and the Anacostia River and Northeast Boundary tunnels in Washington, DC.

They've worked in the U.S. since the 1980s but were able to expand their presence in 2016 by merging with The Lane Construction Corporation, based in Cheshire, Connecticut.

Webuild Group CEO Pietro Salini calls the commission an honor.

"Being part of such a challenging project as leader of the design and construction of the railway is a unique experience that we are extremely proud of," Salini says. "This is a wonderful opportunity to further focus our presence in the U.S., our biggest single market, together with Lane, the company building first class transport infrastructure for the country for the past 130 years."

According to the contract, Webuild will execute all the heavy construction for the project, designing and building 236 miles of the alignment, nearly half of it on viaduct and much of it elevated to reduce impact on neighbors and landowners.

Webuild will also build all maintenance and industrial buildings, train depots, and facilities.

The system Texas Central Railroad has proposed will replicate the Japanese Tokaido Shinkansen high-speed rail system, operated by the Central Japan Railway Company (JRC) which, in its 55+-year history has transported more than 10 billion passengers with zero operational passenger fatalities or accidents.

The 200-mph train will be a 90-minute ride between Houston and Dallas, with a midway stop in the Brazos Valley.

In May, Texas Central signed a $1.6 billion contract with Kiewit Infrastructure South Co. and affiliate Mass. Electric Construction Co. to install the train's core electrical systems.

The project has had pushback from some Texas politicians and landowners along the route, but the Biden administration is very pro rail, with a $2 trillion infrastructure package that includes modernizing public transit (commuter rail, buses, stations) and improving and expand the nation's passenger and freight rail network. He recently restored funding to a project that would connect San Francisco and Los Angeles.

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This article orignally ran on CultureMap.

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2 Houston startups selected by US military for geothermal projects

hot new recruits

Two clean energy companies in Houston have been recruited for geothermal projects at U.S. military installations.

Fervo Energy is exploring the potential for a geothermal energy system at Naval Air Station Fallon in Nevada.

Meanwhile, Sage Geosystems is working on an exploratory geothermal project for the Army’s Fort Bliss post in Texas. The Bliss project is the third U.S. Department of Defense geothermal initiative in the Lone Star State.

“Energy resilience for the U.S. military is essential in an increasingly digital and electric world, and we are pleased to help the U.S. Army and [the Defense Innovation Unit] to support energy resilience at Fort Bliss,” Cindy Taff, CEO of Sage, says in a news release.

A spokeswoman for Fervo declined to comment.

Andy Sabin, director of the Navy’s Geothermal Program Office, says in a military news release that previous geothermal exploration efforts indicate the Fallon facility “is ideally suited for enhanced geothermal systems to be deployed onsite.”

As for the Fort Bliss project, Michael Jones, a project director in the Army Office of Energy Initiatives, says it’ll combine geothermal technology with innovations from the oil and gas sector.

“This initiative adds to the momentum of Texas as a leader in the ‘geothermal anywhere’ revolution, leveraging the robust oil and gas industry profile in the state,” says Ken Wisian, associate director of the Environmental Division at the U.S. Bureau of Economic Geology.

The Department of Defense kicked off its geothermal initiative in September 2023. Specifically, the Army, Navy, and Defense Innovation Unit launched four exploratory geothermal projects at three U.S. military installations.

One of the three installations is the Air Force’s Joint Base San Antonio. Canada-based geothermal company Eavor is leading the San Antonio project.

Another geothermal company, Atlanta-based Teverra, was tapped for an exploratory geothermal project at the Army’s Fort Wainwright in Alaska. Teverra maintains an office in Houston.

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This article originally ran on EnergyCapital.

Houston investor calls for all angels to move the ecosystem forward

houston innovators podcast episode 233

One of the biggest components of a well-functioning startup ecosystem is inarguably access to capital, and Mitra Miller is dedicated to enhancing education around investment and growing Houston's investor base.

As vice president and board member of the Houston Angel Network, the oldest angel network in Texas and one of the most active angel networks in the country, Miller strives to provide guidance to new and emerging angel investors as well as founders seeking to raise money from them.

"Most founders have no idea or understanding of how investors think — we are not an ATM," Miller says on the Houston Innovators Podcast. "We are really partners you are getting married to for the next 5, 8, 10 years — sometimes longer. We need to bring your allies in every sense of the word."



HAN, a nonprofit, provides a unique opportunity for its members, as Miller explains. The group consists of around 100 individuals from all business backgrounds, so evaluating companies together brings more than just a wealth of capital — but also a wealth of knowledge.

"What HAN provides is access to investments," Miller says, adding that members have the benefit in evaluating companies together with people from different backgrounds. "Inside a group like HAN, we have extraordinary expertise."

In addition to educating both founders and investors in the process, Miller has dedicated herself to providing opportunities for students in low-income parts of Houston to learn about the startup world. Eight years ago, she founded Eagle Investors, an organization that provides a year-long program that culminates in a group of students participating as judges for the Rice Business Plan Competition.

"They spend a year learning about innovation, entrepreneurship, and investing by meeting local investors, entrepreneurs, and service providers. They go around Houston to get to visit and ... experience all of the ecosystem," Miller says.

At RBPC, the cohort of high school students evaluate the pitches and select a company to provide a $5,000 prize.

Miller herself has been a judge at RBPC for 20 years now, and she's had a front row seat for watching Houston develop as an ecosystem. She's seen the city make real progress, but has one major call to action.

"The piece that I am most aware of that I would like to see grow is activating more accredited investors who are interested in this asset class of early-stage companies and plugging in," Miller says. "They can also invest their time and knowledge to help companies in our region grow and scale."

Report: Houston secures spot on list of top 50 startup cities

by the numbers

A new ranking signals great promise for the growth of Houston’s startup network.

Houston ranks among the world’s top 50 startup cities on a new list from PitchBook, a provider of data and research about capital markets. In fact, Houston comes in at No. 50 in the ranking. But if you dig deeper into the data, Houston comes out on top in one key category.

The city earns a growth score of 63.8 out of 100 — the highest growth score of any U.S. city and the seventh highest growth score in the world. In the growth bucket, Houston sits between between Paris (64.4) and Washington, D.C. (61.7).

The PitchBook growth score reflects short-term, midterm, and long-term growth momentum for activity surrounding venture capital deals, exits, and fundraising for the past six years.

PitchBook’s highest growth score (86.5) goes to Hefei, a Chinese manufacturing hub for electric vehicles, solar panels, liquid crystal displays, home appliances, and Lenovo computers.

The overall ranking is based on a scoring system that relies on proprietary PitchBook data about private companies. The system’s growth and development scores are based on data related to deals, exits, fundraising and other factors.

Houston earns a development score of 34.1 out of 100, which puts it in 50th place globally in that regard. This score measures the size and maturity of a city’s startup network.

Topping the overall list is San Francisco, followed by New York City and Beijing. Elsewhere in Texas, Austin appears at No. 16 and Dallas at No. 36.

The ranking “helps founders, operators, and investors assess locations when deciding where to expand or invest,” says PitchBook.

“Network effects matter in venture capital: Investors get more than half of their deals through referrals, according to research led by Harvard professor Paul Gompers,” PitchBook goes on to say. “So it stands to reason that dealmakers should seek these networks out when deciding where to do business.”

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