Houston university breaks ground on $54.5M project to expand business school

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The new building, which will be integrated with McNair Hall at Rice University, will deliver in 2026. Rendering via Rice.edu

Rice University broke ground last week on an innovative $54.5 million building for the Jones Graduate School of Business that is designed to be built around the current structure and also integrate with McNair Hall.

The 112,000-square-foot building aims to support Rice Business as it continues to grow while centralizing the university's new undergraduate business education and entrepreneurship programs. It's slated to be completed by spring 2026.

“We are energized by the momentum of our innovative new programs, the addition of new faculty and students and a fresh outlook on the future,” Peter Rodriguez, dean of the Jones Graduate School of Business, says in a statement. “Our commitment is to attract more talented and innovative students, faculty and staff to Rice, who will further improve our programs and research capabilities. This wonderful new facility is critical to fulfilling that commitment.”

The 112,000-square-foot building broke ground last week. Photo via Rice.edu

The building will feature two 120-seat classrooms, two 65-seat classrooms and breakout rooms as well as a dining area on the first floor.

It will reflect Rice's traditional brick facade while enclosing the Woodson Courtyard to create a large atrium. A new triple-heigh pathway called The Walk will connect the area to Rice's new West Commons.

Rodriguez previously shared about his vision for expanding Rice Business on the Houston Innovators Podcast.

Rice's Architecture Research Office is leading the design of the project. Houston-based Kirksey Architecture serves as the project’s executive architect.

The university is seeking to fundraise $40 million for the project. According to Rice, the university's business programs saw a 50 percent increase in students and a 41 percent increase in faculty to support new programs in the last 10 years.

Rice launched its undergraduate business program in 2021. According to the fundraising website for the building, Rice Business has seen a 79 increase in enrollment and business became the second most popular major for first-year students, after computer science, since the program began .

Rice's Architecture Research Office is leading the design of the project. Houston-based Kirksey Architecture serves as the project’s executive architect. Rendering via Rice.edu

“This remarkable new building embodies the evolution of Rice Business over the past five decades and its commitment to equipping graduates who are not only integral to organizations around the globe but are also poised to lead them,” Rice President Reginald DesRoches says in a statement. “We’re committed to offering top-tier facilities that complement our top-ranked academic programs, attracting the best students, faculty and staff to our campus.”

At the start of the academic year, Rice also opened The Ralph S. O’Connor Building for Engineering and Science, its largest core campus research facility. The 250,000-square-foot building is the new home for four key research areas at Rice: advanced materials, quantum science and computing, urban research and innovation, and the energy transition.In October, Rice and Houston Methodist teamed up to open the new Center for Human Performance.

deleteSneak Peek: The New Rice Business Buildingwww.youtube.com

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Pack your bags, Owls. Photo via Rice.edu

Houston university goes global with Parisian outpost announcement

Rice U in France

Rice University owls are flapping their wings across the Atlantic Ocean in order to open some doors to global education and research opportunities in Europe.

The university announced in a press release that the Rice University Paris Center is holding its ceremonial launch on Wednesday, June 29. The new facility will be housed in a historic 16th-century building in Paris and will be home to Rice-organized student programs, independent researchers, and international conferences, as well as a satellite and hub for other European research activity.

“The ambitions of our university and the needs of the future leaders we are educating require global engagement and perspective,” says outgoing Rice President David Leebron in the release. “The opening of this dedicated overseas facility represents the next step in the long-standing plan we have been pursuing to internationalize Rice and the Rice experience in every dimension.

"This has included welcoming more international students to our campus in Houston, fostering international travel and programs by our students and faculty, and building strong relationships with the best universities across the globe," he continues. "The Paris location offers an incredible range of opportunities, in fields ranging from art and architecture to international business and global relations and politics.”

The Rice University Paris Center will be located in Le Marais in the Hotel de La Faye, a 1500s hôtel particulier that was listed as a historic monument in 1966.

Caroline Levander, currently Rice’s vice president for global and digital strategy, was key in making the new center a reality and will oversee the Rice University Paris Center in her new role as vice president global.

“For our purposes, this building is an ideal educational space conveniently situated in one of the most historically significant areas of Paris,” Levander says in the release. “It looks and feels like a private university campus in the heart of a European capital city, and it reflects how Rice plans to expand its international impact in the coming years.”

Sylvester Turner and a delegation of civic and business leaders from the Greater Houston Partnership will attend the announcement in Paris this week. Per the release, the center, which will have six classroom spaces of various sizes that can accommodate around 125 students, is expected to be ready in January.

“Rice University’s mission statement commits us not only to pathbreaking research and unsurpassed teaching, but also to the betterment of our world,” says Provost Reginald DesRoches, who will transition to Rice’s president in July, in the release. “We’re eager to extend that mission internationally, and the opening of the Rice University Paris Center demonstrates that commitment.”

Rice University President David Leebron was joined by dignitaries for the Oct. 30 opening ceremony of the Rice University National Security Research Accelerator laboratories in Dell Butcher Hall. Photo via Rice.edu

Rice University opens new accelerator labs focused on national security innovation

new on campus

A collaboration between Rice University and the United States Army has taken entered into a new phase with the opening of the Rice University National Security Research Accelerator laboratories in Dell Butcher Hall.

RUNSRA, which launched in 2019 with support from Army Futures Command and the Army Research Laboratory, premiered its new home on the Rice campus at a hybrid event. Most attendees tuned in via webcast while university president, David Leebron, and Provost Reggie DesRoches hosted U.S. Army Futures Command Lt. Gen. Thomas Todd III and U.S. Rep. Dan Crenshaw, R-Texas.

"The accelerator is the first-of-its-kind, collaborative research facility designed to deploy and develop new technologies for economic and national security," DesRoches says at the event. "The facility includes space for visiting Army Research Lab and (Department of Defense) scientists. We see this as a new model for truly collaborative research that brings together research teams from across the country and across agencies to work on mission-critical technologies."

"We are the only university in the world with a deployed software-defined network already in place," DesRoches continues. "The materials we will discover here with our ARL partners will be rapidly prototyped into devices and deployed."

Walter Jones, executive director of RUNSRA, is a the former executive director of the Office of Naval Research and former director of plans and programs at the Air Force Research Laboratory and joined Rice in June. The goal of the lab and the program is to research technologies to advance the Army's modernization.

"The accelerating pace of technology will continue to change our world," says Todd. "It will require us to re-examine how we compete and, if required, how we win on the future battlefield. And it will require us to develop new technologies that let us compete and win by expanding what is possible, which starts at a place like Rice University.

"I know that tremendous benefit will come from this research accelerator," Todd continues. "And truly, it's meant to be what it says, an accelerator of technologies into the hands of soldiers."

Watch below to view the press conference and ribnbon cutting.

The Rice University National Security Research Acceleratorwww.youtube.com

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Rice University breaks ground on new innovation hub, The Arc

breaking ground

Construction is officially underway on Rice University's The Arc in Houston’s Ion District.

The university broke ground on the 200,000-square-foot research, corporate innovation and office building on Nov. 4. The facility will share a plaza with the existing Ion building, fostering collaboration within the innovation space, according to Rice.

“The Arc will bring Rice’s extraordinary research and talent and Houston’s impactful innovation ecosystem into even closer connection with the industries and innovators working to solve some of the world’s most consequential challenges,” Rice President Reginald DesRoches said in an announcement. “That constant exchange of ideas and expertise will help move discoveries more rapidly from the laboratory to real-world impact.”

Construction is scheduled to be completed by Q2 2028. Rice Real Estate Co. is developing the project, and Rice University will occupy about 80,000 square feet in the building (about 40 percent). Preleasing has begun, with floor plans ranging from 28,000 to 31,000 square feet.

The Arc will feature conference and meeting spaces, an amenity lounge, fitness center, outdoor plazas, underground parking, and on-site retail and dining, according to the release.

It aims to host tenants focused on artificial intelligence and machine learning, data science, robotics, quantum science and engineering and energy, including Rice's new AI Foundry.

Rice says the AI Foundry will be a space where university experts and partners can support organizations with AI challenges. Rice recently committed to hiring 75 new AI-focused faculty and announced plans to launch a new Master of Artificial Intelligence (MAI) next fall.

“The AI Foundry is exactly the kind of collaboration the Arc is designed to enable,” Amy Dittmar, the Howard R. Hughes Provost and executive vice president for academic affairs at Rice, added in the release. “By bringing Rice researchers together with industry partners in a shared environment, we can accelerate the movement of ideas from research into practical applications while helping organizations build the capabilities they need to succeed as AI continues to evolve.

Developers of The Arc are targeting LEED Gold certification by incorporating smart building automation and energy-saving features into the project's design. Rice first announced the project in September 2025.

Rendering courtesy Bogza

Houston battery tech startup FlowCellutions acquired by Katy energy co.

M&A

Katy-based TerraFlow Energy, an energy storage and infrastructure company, has acquired Houston-based battery technology startup FlowCellutions. Financial terms weren’t disclosed.

FlowCellutions still operates under its established name, but with the tagline “A TerraFlow Energy Company.” Becca Segel, founder and CEO of FlowCellutions, now runs the business as its president.

FlowCellutions specializes in electrochemical sensing, diagnostics, analytics, and testing that offer insights into battery chemistry, charging capabilities, and system performance.

“FlowCellutions has always been focused on developing better ways to understand what is happening inside a flow battery and using that information to improve how these systems perform,” Segal said in a press release. “Joining TerraFlow gives us the opportunity to apply that work at a much larger scale while continuing to build the capabilities and expertise that make FlowCellutions unique.”

The FlowCellutions platform supports data centers and other heavy users of power. It’s designed to help reduce operating costs, prevent failures and costly downtime, and extend battery lifetime from about seven years to more than 30 years.

Segel founded the company in 2022. A member of Greentown Labs, the company raised more than $2 million in non-dilutive funding and received $1.5 million in National Science Foundation funding earlier this year.

FlowCellutions is one of five finalists in the Energy Transition Business category of InnovationMap’s 2026 Houston Innovation Awards.

“FlowCellutions brings a depth of scientific and technical expertise that fits naturally with where TerraFlow is going,” Jon Parrella, CEO of TerraFlow, said in the release.

“As we move from developing these systems to deploying them at commercial scale, understanding performance at a deeper level matters,” he said. “Bringing FlowCellutions into TerraFlow strengthens that capability and gives both teams more opportunity to advance the technology.”TerraFlow, founded in 2024, develops long-duration energy storage and power infrastructure for data centers, industrial facilities, utilities and other large power consumers.

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This article originally appeared on EnergyCapitalHTX.com.

3 fast-growing Houston scaleups named Innovation Awards finalists

meet the finalists

From IPOs to groundbreakings, some of Houston's most innovative companies reached major milestones this year.

As part of the 2026 Houston Innovation Awards, our Scaleup of the Year category honors innovative later-stage startups that have recently reached a significant milestone in company growth. Three scaleups have been named finalists for the 2026 award.

Read more about these businesses, their founders and their breakthrough technologies below. The 2026 winners will be announced on InnovationMap.com in mid-November.

Erock

Energy infrastructure company Erock, previously known as Enchanted Rock, develops dual-purpose microgrids that rely on natural gas and renewable natural gas to produce lower carbon emissions and air pollutants than diesel generators. Its products can provide bridge power before grid interconnection, backup power during outages and dispatchable capacity that supports long-term grid reliability. The company has more than 1,100 megawatts of installed capacity and over 20 years of experience serving commercial, municipal and large-scale technology customers.

Erock completed its initial public offering this year, raising approximately $600 million in gross proceeds. It also grew its contracted power system sales backlog to approximately $1.7 billion, up tenfold year-over-year, with production sold out through 2028, according to the company's application. The company secured a major equipment order from Anthropic, began construction of the 366-megawatt El Paso Electric project supporting Meta's data center campus, and started assembly operations at its Hyperion facility in Cypress, Texas.

Hertha Metals

Hertha Metals produces lower-cost, lower-emission steel and high-purity iron. The company has developed a single-step process that uses natural gas as a direct reductant instead of metallurgical coal, which cuts production costs by more than 25 percent and emissions by up to 50 percent, according to the company. The same process produces high-purity iron needed for high-purity steels and rare earth magnets. The company says it aims to "re-industrialize America’s production of critical materials."

Hertha Metals was founded by CEO Laureen Meroueh in 2022 and emerged from stealth last year with more than $17 million in venture capital funding. The company closed a $133.65 million Series A this month and also broke ground on its $100M high-purity iron factory known as Chalyx in Conroe.

Venus Aerospace

Spacetech company Venus Aerospace is developing a high-thrust rotating detonation rocket engine (RDRE) that replaces the subsonic combustion used in conventional rocket engines. The RDRE is a compact, simpler engine that can deliver up to 15 percent greater efficiency for defense and space applications. It completed its first U.S. flight test of the engine last summer.

Venus Aerospace was founded in 2020 by CEO Cassie Duggleby and CTO Andrew Duggleby. It raised a $20 million Series A in 2022 and $42 million Series A2 in 2025. It closed a $91 million Series B earlier this year and expanded its leadership team. The company is working toward longer-duration and higher-thrust testing and advancing its flight program.

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