Houston students develop underwater robot with energy-efficient buoyancy control

new tech

The project was part of a year-long senior design capstone by six students, known as Team Bay-Max, in Rice's Oshman Engineering Design Kitchen. Photo by Jeff Fitlow/Rice University

A team of Rice University engineering students has developed a new way for underwater robots to move around, save power and work more efficiently and quietly.

The robot uses reversible hydrogen fuel cell-based buoyancy control devices that convert water into hydrogen and oxygen (and the reverse) using electricity. Traditional underwater robots use thrusters or large pumps and propellers to change and hold depth, which can be heavy, have higher costs and use more energy. The use of reversible hydrogen fuel cells with balloons, allows the new robot to smoothly adjust its depth with less energy usage, according to a statement from Rice.

The project was part of a year-long senior design capstone by six students, known as Team Bay-Max, in Rice's Oshman Engineering Design Kitchen.

The students—Andrew Bare, Spencer Darwall, Noah Elzner, Rafe Neathery, Ethan Peck and Dan Zislis— won second place in the Willy Revolution Award for Outstanding Innovation at the Huff OEDK Engineering Design Showcase held at the Ion last month.

“Having spent a year on it now and putting so much time into it, getting to see the result of all that work come together is really rewarding,” Peck said in the statement.

“With a project like this, integration was critical,” Zislis added. “Another takeaway for me is the importance of determining a clear scope for any given project. With this robot, we could have focused on a lot of different things. For instance, we could have worked on improving fuel cell efficiency or making a robotic arm. Instead, we chose to keep these other elements simple so as not to divert focus away from the main part, which is the buoyancy control device. This kind of decision-making process is not just part of good engineering, but it’s relevant with everything in life.”

Elzner, for instance, focused on the dashboard that the robot feeds information to as it collects data from different sensors. It displays core system information, real-time graphs of the robot’s location and a simulation of its relative orientation, according to the statement.

Darwall, took a " deep dive into control theory and learn(ed) new software" to incorporate the video game joystick that allows the robot to combine manual control with an automatic stabilizing algorithm.

The proof-of-concept robot has potential applications in environmental monitoring, oceanographic research, and military and industrial tasks, according to Rice.

The team based the project on an academic paper by Houston researchers that showed that fuel cell-enabled depth control could reduce autonomous underwater vehicles’ energy consumption by as much as 85 percent.

It was authored by Rice professor Fathi Ghorbel and members of the University of Houston's Zheng Chen lab.

“This collaborative research aims to develop tetherless continuum soft engines that utilize reversible proton exchange membrane fuel cells and water electrolyzers to drive volume-mass transformation," Ghorbel said in a statement. "Through this design project, the BayMax team proved the efficacy of this technology in AUV interaction with the physical world.”

Ghorbel, Rice mechanical engineering lecturer David Trevas, and Professor in the Practice, Electrical and Computer and Engineering Gary Woods mentored the team.

Last month Rice also held its 24th annual Rice Business Plan Competition, doling out more than $1.5 million in investment and cash prizes to the top teams. Click here to see what student-led startups took home awards.
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New Texas Stock Exchange officially begins trading in Dallas

Welcome to Y'all Street

Two-step aside, New York Stock Exchange and Nasdaq. The Dallas-based Texas Stock Exchange, nicknamed Y’all Street, just kicked off live trading with five stocks — and lots of Lone Star ambition.

“The Texas Stock Exchange aims to revitalize competition for [stock] issuers, establish the premier venue for listings, and create a world-class trading platform for all market participants,” the exchange says in a fact sheet.

The exchange — whose Texas-influenced nickname is a nod to New York City’s Wall Street — has collected at least $275 million in investments. The roughly 90 financial backers of TXSE include Bank of America, BlackRock, Charles Schwab, Citadel Securities, Dell Family Office, Fortress, Goldman Sachs, and JPMorgan Chase.

Representatives of TXSE couldn’t be reached for comment. On its website, the exchange calls itself “the most well-capitalized equities exchange to ever be approved” by the U.S. Securities and Exchange Commission (SEC).

Not to be outdone, NYSE has launched Dallas-based NYSE Texas and Nasdaq has expanded its presence in Dallas.

Y’all Street adds to Dallas-Fort Worth’s rising status as a major hub for financial services, with The Wall Street Journal naming North Texas the country’s second biggest financial hub after New York City.

“A homegrown national exchange means more jobs, more investment, and more growth opportunities for businesses and communities across the Lone Star State,” Gabriela von zur Muehlen, senior vice president and chief policy officer at the Texas Association of Business, told The Texas Tribune.

Bulent Temel, an associate professor of practice in economics at the University of Texas at San Antonio, told Texas Standard that TXSE “is going to boost the credibility of the Texas economy.”

Texas’ estimated gross domestic product (GDP), a yardstick for the size of an economy, climbed to a record-setting $2.9 trillion in 2025, making it the state with the second highest GDP after California. DFW’s estimated GDP in 2023 stood at $744.6 billion, eclipsing the GDP of many countries.

“The center of gravity for American capitalism is now headquartered in the Boom Belt,” Abbott proclaimed in April, referring to an 11-state region (including Texas) in the South and Southeast that’s seeing tremendous economic and population growth. “The Texas Stock Exchange is the natural extension of that capitalism. It ensures that capital markets will reflect the quadrant that is driving American growth.”

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This article originally appeared on CultureMap.com.

Orion vehicle manager reflects on Artemis II, looks to 2028 moon mission

Q&A

Humanity is finally headed back to the moon after more than half a century. This year's launch of the Artemis II mission in the Orion spacecraft put four crew members in lunar orbit and tested the new ship developed by Lockheed Martin.

Everything went smoothly, safely returning astronauts home, but there is always room to improve. InnovationMap chatted via email with Orion vehicle manager Branelle Rodriguez, shortly after a talk at The Ion, for insight on how Orion might perform in the future as the next lunar landing approaches in early 2028.

InnovationMap: How satisfied are you with the way Orion operated on this past mission?

Branelle Rodriguez: Orion performed exceptionally well during Artemis II, successfully demonstrating critical spacecraft capabilities, including life support systems, displays and controls, and executing manual piloting operations. Artemis II brought humans back to the moon, achieving key exploration and scientific imagery, while validating systems essential for future Artemis missions.

IM: What is the most important thing you learned about improving Orion for the next mission?

BR: The Artemis II mission provided invaluable insights into crew operations and spacecraft performance in a deep-space environment. With every mission, NASA applies lessons learned to continuously improve Orion’s operations, validate design and ensure mission readiness. Artemis II offered our first opportunity to evaluate several new systems and gain a deeper understanding of what it is like for astronauts to live and work inside the spacecraft. The operational, technical and human factors data collected are being integrated across the program to refine future missions, reduce risk and enhance overall mission success.

IM: How has Orion helped the mission to explore space?

BR: Orion is one of NASA’s foundational elements for human deep space exploration—not only supporting the mission but serving as a core component of it. It is currently the only spacecraft capable of carrying crew on deep space missions and returning them safely to Earth from the high speeds required from the vicinity of the moon. No other spacecraft has the technology to endure the extremes that come with human deep-space travel, such as advanced environmental and life support, navigation, communications, radiation shielding, and the world’s largest ablative heat shield to protect the astronauts during reentry into Earth’s atmosphere. Orion has already taken astronauts to explore space farther than ever before—252,756 miles from Earth— and will carry crews to the moon on future missions to explore the lunar South Pole region. The astronauts’ observations, samples, and data collected on these future missions will expand our understanding of our solar system and home planet.

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This conversation has been edited for brevity and clarity.

Houston VC funding nears $1B in first half of 2026, report says

by the numbers

Despite a weak second quarter, venture capital funding for Houston-area startups approached $1 billion in the first half of 2026, the region’s highest first-half total since 2022, according to the latest PitchBook-NVCA Venture Monitor.

This year’s first-half total of $962.4 million represented a nearly 8 percent increase over last year’s first-half total of $891.7 million. Dating back to 2016, this year’s first-half haul lags behind only 2021 and 2022 for the most first-half funding.

Houston’s year-over-year VC jump of 73 percent in the first quarter of 2026 more than made up for the year-over-year drop of 34 percent in the second quarter of 2026, according to the report.

Deal count tells a more encouraging story: Houston startups closed 102 deals in the first half, up from 93 a year earlier and the region’s busiest first half since 2022. However, the average deal size shrank, as no single funding source dominated the total.

Keep in mind that PitchBook and NVCA routinely revise quarterly numbers upward to reflect deals that were reported after a previous quarter’s data was published. So, in the case of Houston, numbers initially reported for the first quarter of 2026 may not match newly reported numbers.

Perhaps the most notable Houston-area deal announced in the first half of this year was Cart.com’s $180 million growth equity investment, led by Springcoast Partners. Cart.com is an e-commerce platform and logistics provider.

PitchBook-NVCA data shows Houston’s VC activity is growing modestly, delivering better numbers in the first half of 2026 versus 2024 and 2025, but it still sits below the highs of 2021 and 2022. This is one sign that so far in 2026, the national VC boom isn’t benefiting non-hub markets like Houston the way it’s boosting some hub markets, especially Silicon Valley and New York City.

Nationwide, AI dominated VC funding in the first half of this year. The sector made up 86 percent of VC from January through June. The report notes that the markets have still struggled to unlock IPOs, with SpaceX being the biggest exception, and few M&A deals outside health care have been significant.

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