New to Hou
The Rice Alliance for Technology and Entrepreneurship has announced its new Clean Energy Accelerator — a 12-week program for early stage energy startups — at the close of the 18th annual Energy Tech Venture Forum.
"Houston truly is the hub of the global energy industry, and it is here where the next generation of energy leaders will create and scale innovations that will change the world," says Bob Harvey, president and CEO at the Greater Houston Partnership, in a press release. "The new Clean Energy Accelerator will build on that legacy and align with the work already taking place in Houston's robust energy innovation ecosystem."
The program joins Rice University's suite of business accelerating programs — including Owl Spark, the annual venture forums, and the Rice Business Plan Competition — and is being supported by Wells Fargo.
"The Rice Alliance Clean Energy Accelerator is poised to increase the quality and quantity of clean-tech startups in the area, which benefits Houston but also has the potential to benefit the greater global economy," says Jenny Flores, head of small business growth philanthropy at Wells Fargo, in the release. "At Wells Fargo, we believe that climate change continues to be one of the most urgent environmental and social issues of our time."
The Clean Energy Accelerator — to be housed at The Ion when it opens — falls in line with the city of Houston's Climate Action Plan, which has a goal of making Houston carbon neutral by 2050.
"It's a very ambitious goal, and it's one the City of Houston, as a municipality, cannot do alone," Mayor Sylvester Turner says in the release. "Today's announcement of the Rice Alliance Clean Energy Accelerator is a great example of what we have been seeking to build in Houston, an innovation ecosystem that can develop creative solutions to address our toughest challenges."
More information is available online, and applications for startups will open in early 2021. The Rice Alliance announced several community supporters for the new accelerator, including BP, Chevron Technology Ventures, Equinor, ExxonMobil, NRG, Saudi Aramco Energy Ventures, Shell Ventures, Sunnova, Total, Tudor, Pickering, Holt & Co., Halliburton Labs, Houston Exponential, the Center for Houston's Future, and Greentown Labs.
"Houston is our home, and we are strong believers in our city," says Brad Burke, managing director of the alliance, in the release. "It is here that some of the greatest minds in energy are innovating. New technologies, many driven by startup companies, have enabled the U.S. to become energy self sufficient for the first time in history, but global energy needs are growing and changing. We need to apply that same entrepreneurial spirit and technology innovation to meet these challenges."