Here's what to attend at CERAWeek if you're interested in hearing from Houston innovators. CERAWeek/Facebook

With the return of in-person programming, hundreds of energy experts, C-level executives, diplomats, members of royal families, and more are descending upon Houston for the 2022 CERAWeek by IHS Markit taking place in downtown March 7 to 11. The conference is bringing back its Agora track, focused on innovation within the energy sector.

Agora's events — thought-provoking panels, intimate pods, and more — will take place alongside the main conference at The Hilton Americas-Houston. A note to attendees that masks, proof of vaccination, and a negative COVID test are all required at registration.

As one might expect, Houston innovators will be attending and speaking at this energy industry mainstay. Here are five innovation-focused events you can't miss during CERAWeek that feature Houstonians.

Monday, March 7 — Innovations in Clean Tech Financing: Are investors ready & willing?

Investor demand for clean tech assets has been a leading indicator for company-level action on energy transition strategies. With higher commodity prices attracting renewed interest in the role of oil and gas companies as energy transition drivers, investors have once again reengaged with elements of the industry that were difficult to fund only months ago. What is the balance for clean tech plays versus progress on net-zero approaches at existing firms? How do legacy business models need to change to adapt to investor concerns about the pace of the energy transition? How can companies better communicate with investors on clean tech deployment strategies, and how can investors speak the language of industry operators?

Session Speakers

  • Peter Gardett, IHS Markit
  • Juliana Garaizar, Greentown Labs
  • Brent Newcomb, Ecofin
  • Deepa Poduval, Black & Veatch

The panel takes place at 2 pm in the Agora Pod. Click here to learn more.

Monday, March 7 — AI in the Energy Production Process: Unlocking energy transition opportunities

The world is pursuing a lower-carbon energy mix with great intent and energy companies are grasping new opportunities that encompass much more of the energy value chain than old business models, including closer engagement with end-use customers. Headwinds exist in the form of high costs, the pace of change and ever-changing regulatory burdens. All companies are embracing digitalization and artificial intelligence (AI) seems set to have a significant role in a rapidly changing, data-intense energy value chain. How might AI help unlock new and enhanced opportunities? What methods can help manage the mix of weather-dependent renewable energy and traditional energy sources to ensure low-carbon reliable supplies? How can we navigate and derive advantages from the new proximity between producers and end-users to drive efficiency and reduce cost? What risks or challenges remain to be mitigated or solved in applying AI to energy production? How quickly can we overcome them?

Session Speakers:

  • Michael Wynn, IHS Markit
  • Jon Guidroz, Microsoft
  • Francois Laborie, Cognite
  • Amish Sabharwal, AVEVA

The panel takes place at 4 pm in the Agora Pod. Click here to learn more.

Tuesday, March 8 — New Business Models for Bringing Climate Tech Solutions to Scale

As the energy system decarbonizes, it is becoming more complex and more interconnected. Today’s emerging energy system is fundamentally different, forcing companies to compete globally. New technologies will have to be developed to meet climate ambitions, evolving energy uses, and emerging new supply chains. How will corporate structures and business models change as new opportunities, but also new threats, emerge? What new business models can scale new technologies to support decarbonization efforts? What opportunities and challenges will companies face?

Session speakers:

  • Eduard Sala de Vedruna, IHS Markit
  • Barbara Burger, Chevron Corporation
  • Matt Kanan, Stanford University
  • Ernesto Gutiérrez de Piñeres, Ecopetrol

The panel takes place at 10:30 am in the Agora Pod. Click here to learn more.

Wednesday, March 9 — Energy Cities: From oil capitals to energy transition capitals

Cities are the source of significant climate-changing activity and mobility challenges and need to cooperate globally for solutions. What steps are the cities taking to tackle climate change and where are the leaders globally?

Session speakers:

  • Lyn Tattum, IHS Markit
  • Hon. Fahad Al-Jubair, Eastern Province Municipality
  • Hon. Barney Crockett, Aberdeen City Council
  • His Worship Michael Savage, Halifax Regional Municipality
  • Hon. Sylvester Turner, City of Houston

The panel takes place at 2:30 pm in the Agora Pod. Click here to learn more.

Thursday, March 10 — Advancing Energy Innovation: Growth of the ecosystem

Originating in the Silicon Valley, the term “Innovation Ecosystem is the evolving set of actors, activities, and artifacts, and the institutions and relations, including complementary and substitute relations, that are important for the innovative performance of an actor or a population of actors.” Creating energy sector innovation ecosystems has been challenging due to a multitude of participants, access to capital, role of governments, and challenges scaling promising technologies. With the need to develop and scale new technologies to achieve net zero by 2050, energy innovation will be the linchpin. What are critical factors for creating successful clean energy/tech innovation centers? Where are the most successful cleantech innovation ecosystems, and what makes them successful? Does the nature of the energy system make it less receptive to new ideas and innovations? How could governments incentivize these ecosystems? How could the pace of knowledge transfer be accelerated from innovation to deployment? With future growth in energy demand and investments centered in developing countries, how can new ecosystems be created in these countries?

Session Speakers:

  • Atul Arya, IHS Markit
  • Barbara Burger, Chevron Corporation
  • Robin Millican, Breakthrough Energy
  • Emily Reichert, Greentown Labs

The panel takes place at 12:30 pm in the Agora Pod. Click here to learn more.

Thursday, March 10 — “NextGen” Future Energy Leaders Town Hall

The race is on for innovative, fresh approaches to solve the world’s greatest energy and climate challenges. The emerging generation of future energy leaders, technologists, and entrepreneurs have unprecedented opportunity for impact and to create real change. The energy world is hungry and open to disruptive ideas. There never has been a more exciting—or urgent—time to be part of the energy industry. Join this special interactive “Next Gen” dynamic session, featuring rapid-fire insights by leading minds on energy innovation, along with CERAWeek Future Energy Leaders. How can we achieve net zero ambitions by 2050? How can we tackle climate change while meeting the planet’s need for more energy? What are the promising and scalable technologies? What are the challenges and most exciting opportunities?

Session Speakers:

  • Louis Carranza, MIT Energy Initiative
  • Ali Al Rawahi, Abu Dhabi National Oil Company (ADNOC)
  • Dr. Douglas J. Arent, National Renewable Energy Laboratory (NREL)
  • Juliana Garaizar, Greentown Labs
  • Sunita Narain, Centre for Science and Environment (CSE)
  • Jigar Shah, United States Department of Energy
  • Anish Simon, Equinor
  • Vijay Swarup, ExxonMobil Research and Engineering Company
  • Jordan Watson, Korn Ferry
  • Darryl Willis, Microsoft Corporation

The panel takes place at 5 pm in the Agora Pod. Click here to learn more.

At a panel at virtually hosted CERAWeek, energy innovation stakeholders discussed the future of cleantech. Photo via Getty Images

Overheard: How the energy tech ecosystem will evolve and the role of Houston innovators

eavesdropping in Houston

The energy technology and innovation ecosystem is comprised of stakeholders across the industry — from the academic institutions that house researchers in the field and the entrepreneurs with the big ideas to the venture backers who fund the scaling of these ideas and the corporations who put these new technologies into their supply chain.

A recent panel at CERAWeek by IHS Markit explored where the energy tech ecosystem is headed — and what all needs to be done to advance innovation. Missed the discussion or just want a refresher on on the highlights? Here are some significant overheard moments from the virtual panel.

“We need more energy innovation, and when we think about the energy system of the future there are key areas where we need more technology developed. We all need to encourage and support that early innovation.”

— Barbara Burger, vice president of innovation at Chevron and president of Chevron Technology Ventures. Burger mentions that it's about collaboration. "All of us play a role in a critical part of the development."

“Not only do we have to have the innovation pipeline, but then we’ve got to really move quickly to work with governments, corporations, public-private partnerships that can be formed around these technologies.”

— Ashley Grosh, vice president of Breakthrough Energy. Grosh echoes the need for collaborative efforts. No one part of the equation — such as corporates, scientists, academics, etc. — can move the needle by itself.

“We face a need to run the current energy system extremely well … while also envisioning a new energy system.”

— Burger says. Burger, who alludes to the state's recent power grid failure as an example, says this balancing act is a challenge across the board for energy companies.

“Government is going to have to play aggressively to solve the climate problem.”

— Ilan Gur, CEO of Activate Global Inc., a nonprofit organization that WORKS with U.S.-based funders and research institutions to support a group of fellows. Gur says there needs to be some aspect of incentivization somewhere in the innovation process to drive results.

“Where the market works, let it work. And where it needs help, let’s double down.”

— Burger says, adding that it will take the public, corporations, innovators, and capital to make a difference. "If you can align those all toward derisking then scaling that technology, we will all benefit from the fruits of that labor.

Here's what not to miss at the first all-virtual CERAWeek by IHS Markit. Screenshot via virtual.ceraweek.com

5 can't-miss innovation events at CERAWeek featuring Houston speakers

where to be online

While usually hundreds of energy experts, C-level executives, diplomats, members of royal families, and more descend upon Houston for the the annual CERAWeek by IHS Markit conference, this year will be a little different. Canceled last year due to COVID-19, CERAWeek is returning — completely virtually.

The Agora track is back and focused on innovation within the energy sector. The Agora track's events — thought-provoking panels, intimate pods, and corporate-hosted "houses" — can be accessed through a virtual atrium.

Undoubtedly, many of the panels will have Houston representatives considering Houston's dominance in the industry, but here are five innovation-focused events you can't miss during CERAWeek that feature Houstonians.

Monday — New Horizons for Energy & Climate Research

The COVID-19 pandemic has made vivid and real the risks of an uncontrolled virus. Risks posed by climate change are also becoming more palpable every day. At the forefront of understanding these risks, universities are developing solutions by connecting science, engineering, business, and public policy disciplines. Along with industry and governments, universities are critical to developing affordable and sustainable solutions to meet the world's energy needs and achieve net-zero emission goals. Can the dual challenge of more energy and lower emissions be met? What is some of the most promising energy and climate research at universities? Beyond research, what are the roles and responsibilities of universities in the energy transition?

Featuring: Kenneth B. Medlock, III, James A. Baker, III, and Susan G. Baker Fellow In Energy And Resource Economics, Baker Institute and Senior Director, Center For Energy Studies at Rice University

Catch the panel at 1 pm on Monday, March 1. Learn more.

Tuesday — Conversations in Cleantech: Powering the energy transition

With renewables investment outperforming oil and gas investment for the first time ever in the middle of a pandemic, 2020 was a tipping point in the Energy Transition. Low oil prices intensified energy majors' attention on diversification and expansion into mature and emerging clean technologies such as battery storage, low-carbon hydrogen, and carbon removal technologies. Yet, the magnitude of the Energy Transition challenge requires an acceleration of strategic decisions on the technologies needed to make it happen, policy frameworks to promote public-private partnerships, and innovative investment schemes.

Three Cleantech leaders share their challenges, successes, and lessons learned at the forefront of the Energy Transition. What is their vision and strategy to accelerate lowering emissions and confronting climate change? Can companies develop clear strategies for cleantech investments that balance sustainability goals and corporate returns? What is the value of increasing leadership diversity for energy corporations? Can the Energy Transition be truly transformational without an inclusive workforce and a diverse leadership?

Featuring: Emily Reichert, CEO of Greentown Labs, which is opening a location in Houston this year.

The event takes place at 11:30 am on Tuesday, March 2. Learn more.

Wednesday — Rice Alliance Venture Day at CERAWeek

The Rice Alliance for Technology and Entrepreneurship pitch event will showcase 20 technology companies with new solutions for the energy industry. Each presentation will be followed by questions from a panel of industry experts.

Presenting Companies: Acoustic Wells, ALLY ENERGY, Bluefield Technologies, Cemvita Factory, Connectus Global, Damorphe, Ovopod Ltd., DrillDocs, GreenFire Energy, inerG, Locus Bio-Energy Solutions, Nesh, Pythias Analytics, REVOLUTION Turbine Technologies, Revterra, ROCSOLE, Senslytics, Subsea Micropiles, Syzygy Plasmonics, Transitional Energy, and Universal Subsea.

The event takes place at 9 am on Wednesday, March 3. Learn more.

Thursday — How Will the Energy Innovation Ecosystem Evolve?

Although the cleantech innovation ecosystem—research institutions, entrepreneurs, financiers, and support institutions—is diverse and productive, converting cleantech discoveries and research breakthroughs into commercially viable, transformative energy systems has proven difficult. With incumbent energy systems economically efficient and deeply entrenched, cleantech innovation faces a fundamental dilemma—the scale economies necessary to compete require a large customer base that does not yet exist. How is our clean energy innovation ecosystem equipped to be transformative? What needs to be strengthened? Is it profitable to focus on individual elements, or should we consider the system holistically, and reframe our expectations?

Featuring: Barbara Burger, vice president of innovation at Chevron and president at Chevron Technology Ventures

The event takes place at 7:30 am on Thursday, March 4. Learn more.

Friday — Cities: Managing crises & the future of energy

Houston is the capital of global energy and for the past four decades the home of CERAWeek. Mayor Sylvester Turner will share lessons from the city's experience with the pandemic, discuss leadership strategies during times of crisis, and explore Houston's evolving role in the new map of energy.

The event takes place at 8 am on Friday, March 5. Learn more.

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Houston geothermal unicorn Fervo officially files for IPO

going public

Fervo Energy has officially filed for IPO.

The Houston-based geothermal unicorn filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission on April 17 to list its Class A common stock on the Nasdaq exchange. Fervo intends to be listed under the ticker symbol "FRVO."

The number and price of the shares have not yet been determined, according to a news release from Fervo. J.P. Morgan, BofA Securities, RBC Capital Markets and Barclays are leading the offering.

The highly anticipated filing comes as Fervo readies its flagship Cape Station geothermal project to deliver its first power later this year

"Today, miles-long lines for gasoline have been replaced by lines for electricity. Tech companies compete for megawatts to claim AI market share. Manufacturers jockey for power to strengthen American industry. Utilities demand clean, firm electricity to stabilize the grid," Fervo CEO Tim Latimer shared in the filing. "Fervo is prepared to serve all of these customers. Not with complex, idiosyncratic projects but with a simplified, standardized product capable of delivering around-the-clock, carbon-free power using proven oil and gas technology."

Fervo has been preparing to file for IPO for months. Axios Pro first reported that the company "quietly" filed for an IPO in January and estimated it would be valued between $2 billion and $3 billion.

Fervo also closed $421 million in non-recourse debt financing for the first phase of Cape Station last month and raised a $462 million Series E in December. The company also announced the addition of four heavyweights to its board of directors last week, including Meg Whitman, former CEO of eBay, Hewlett-Packard, and Spring-based HPE.

Fervo reported a net loss of $70.5 million for the 2025 fiscal year in the S-1 filing and a loss of $41.1 million in 2024.

Tracxn.com estimates that Fervo has raised $1.12 billion over 12 funding rounds. The company was founded in 2017 by Latimer and CTO Jack Norbeck.

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

New UT Austin med center, anchored by MD Anderson, gets $1 billion gift

Future of Health

A donation announced Tuesday, April 21, breaks a major record at the University of Texas at Austin. Michael and Susan Dell are now UT Austin's first supporters to give $1 billion. In response, the university will create the UT Dell Campus for Advanced Research and the UT Dell Medical Center to "advance human health," per a press release.

The release also records "significant support" for undergraduate scholarships, student housing, and the Texas Advanced Computing Center for supercomputing research.

Both the new research campus and the UT Dell Medical Center will integrate advanced computing into their research and practices. At the medical center, the university hopes that will lead to "earlier detection, more precise and personalized care, and better health outcomes." The University of Texas MD Anderson Cancer Center will also be integrated into the new medical center.

That comes with a numeric goal measured in 10s: raise $10 billion and rank among the top 10 medical centers in the U.S., both in the next decade.

In the shorter term, the university will break ground on the medical center with architecture firm Skidmore, Owings & Merrill (SOM) "later this year."

“UT Austin, where Dell Technologies was founded from a dorm room, has always been a place where bold ideas become real-world impact,” said Michael and Susan Dell in a joint statement.

They continued, “What makes this moment so meaningful is the opportunity to build something that brings every part of the journey together — from how students learn, to how discoveries are made, to how care reaches families. By bringing together medicine, science and computing in one campus designed for the AI era, UT can create more opportunity, deliver better outcomes, and build a stronger future for communities across Texas and beyond.”

This is the second major gift this year for the planned multibillion-dollar medical center. In January, Tench Coxe, a former venture capitalist who’s a major shareholder in chipmaking giant Nvidia, and Simone Coxe, co-founder and former CEO of the Blanc & Otus PR firm, contributed $100 million$100 million.

Baylor scientist lands $2M grant to explore links between viruses and Alzheimer’s

Alzheimer’s research

A Baylor College of Medicine scientist will begin exploring the possible link between Alzheimer’s disease and viral infections thanks to a $2 million grant awarded in March.

Dr. Ryan S. Dhindsa is an assistant professor of pathology & immunology at Baylor and a principal investigator at Texas Children’s Duncan Neurological Research Institute (Duncan NRI). He hypothesizes that Alzheimer’s may have some link to previous viral infections contracted by the patient. To study this intriguing possibility, the American Brain Foundation has gifted him the Cure One, Cure Many award in neuroinflammation.

“It is an honor to receive this support from the Cure One, Cure Many Award. Viral infections are emerging as a major, underappreciated driver of Alzheimer's disease, and this award will allow our team to conduct the most comprehensive screen of viral exposures and host genetics in Alzheimer's to date, spanning over a million individuals,” Dhindsa said in a news release. “Our goal is to identify which viruses matter most, why some people are more vulnerable than others, and ultimately move the field closer to new therapeutic strategies for patients.”

Roughly 150 million people worldwide will suffer from Alzheimer’s by 2050, making it the most common cause of dementia in the world. Despite this, scientists are still at a loss as to what exactly causes it.

Dhindsa’s research is part of a new range of theories that certain viral infections may trigger Alzheimer’s. His team will take a two-fold approach. First, they will analyze the medical records of more than a million individuals looking for patterns. Second, they will analyze viral DNA in stem cell-derived brain cells to see how the infections could contribute to neurological decay. The scale of the genomic data gathering is unprecedented and may highlight a link that traditional studies have missed.

Also joining the project are Dr. Caleb Lareau of Memorial Sloan Kettering Cancer Center and Dr. Artem Babaian of the University of Toronto. Should a link be found, it would open the door to using anti-virals to prevent or treat Alzheimer’s.