what's trending

5 most popular innovation stories in Houston this week

Here's what news trended this week in Houston, including the Rice Alliance naming the most promising energy tech startups. Image courtesy of Slyworks/Rice University

Editor's note:Another week has come and gone, and it's time to round up the top headlines from the past few days. Trending Houston tech and startup news on InnovationMap included innovators to know, most promising energy tech startups, events not to miss, and more.


3 Houston innovators to know this week

This week's roundup of Houston innovators includes Kimon Angelides of FemTec Health, Sandy Guitar of HX Venture Fund, and Jill Chapman of Insperity. Courtesy photos

In this week's roundup of Houston innovators to know, I'm introducing you to three local innovators across industries — from venture capital to femtech — recently making headlines in Houston innovation. Click here to continue reading.

Houston investors, mentors name 9 most promising energy startups at Rice Alliance event

Here are the most promising energy tech startups in the market today. Natalie Harms/InnovationMap

This week, 39 energy startup companies from all over the world pitched in Houston — and nine were recognized as being the most promising of the batch.

The Rice Alliance for Technology and Entrepreneurship returned its Offshore Technology Conference pitch event to its in-person capacity and host the annual event at the Ion Houston for the first time. The event featured three-minute pitches from the companies, and a select group of corporate and venture investors decided on the top nine to honor.

"We asked investors and corporates to look at the companies here today and help us determine the companies most promising — based on those that have an innovative technology that is solving a large problem, has customers willing to pay for it, and has the right team to build and grow their company," Brad Burke, managing director of the Rice Alliance says to the crowd at the event on May 3. Click here to continue reading.

10+ can't-miss Houston business and innovation events in May

Here's your one-stop shop for innovation events in Houston this month. Photo via Getty Images

It's May, and as Houston heats up ahead of summer, so does the innovation ecosystem with hot events, panels, networking opportunities, and more not to miss. Here's a rundown of what all to throw on your calendar for May. Click here to continue reading.

Houston beauty startup raises $1M, medtech accelerator opens apps, and more local innovation news

From research and venture capital funding to startup growth and accelerator applications opened, here's what you need to know in Houston innovation news. Photo via Getty Images

The month of May has started strong with Houston innovation news, and there might be some headlines you might have missed.

In this roundup of short stories within Houston startups and tech, local universities share big moves in cybersecurity and plant research, a Houston entrepreneur raises extra seed funding, and more. Click here to continue reading.

Houston has what it takes to emerge as a smart city leader, expert says

Houston real estate expert shares why he thinks the city is prime for smart city tech and implementation. Photo via Getty Images

While Houston has long been known as the Energy Capital of the World, there’s no reason we, as a city, cannot hold more than one title. What if Houston could take on the title of Smartest City in the World?

There are many factors that create a smart city, and it is deeper than just implementing new smart technology – it is a city that better supports the lifestyles of its residents seamlessly and unobtrusively. To effectively understand what the needs of the community are and the right types of technologies to implement when urban planning, data collection and data security measures are vital.

The City of Houston has already begun to use data and emerging technology to improve the quality of life for citizens, share information with the public, drive economic growth, and build a more inclusive society. To be successful and provide enriching experiences for Houstonians, these updates must happen at the infrastructure level, working as an integrated system that can be continuously optimized. Click here to continue reading.

Trending News

Building Houston

 
 

Houston-based Quidnet Energy has secured funding from a Department of Energy program. Image via quidnetenergy.com

A Houston-based company that's got a solution to renewable energy storage has just secured funding from a federal entity.

The U.S. Department of Energy Advanced Research Projects Agency-Energy, or ARPA-E, is granting Quidnet Energy $10 million in funding, the Houston company announced this week. The funding is a part of the ARPA-E Seeding Critical Advances for Leading Energy technologies with Untapped Potential, the SCALEUP program. This initiative is aimed at providing funding to previous ARPA-E teams "that have been determined to be feasible for widespread deployment and commercialization domestically," per a news release.

“We’re honored that ARPA-E has selected Quidnet Energy as an awardee of the SCALEUP program,” says Joe Zhou, CEO of Quidnet Energy, in the release. “This funding will support continued work on our Geomechanical Pumped Storage (GPS) project with CPS Energy, which will demonstrate the benefits of using proven pumped hydro technology to create a long-duration energy storage resource that doesn’t require mountainous terrain. We look forward to continuing our partnership with CPS Energy and thank ARPA-E for acknowledging the potential of GPS for long-duration storage.”

The company's technology can store renewable energy for long periods of time in large quantities. The process includes storing pressurized water underground and, when the stored energy is needed, the water propels hydroelectric turbines and produces the electricity to support the grid at a fraction of the cost, per the news release. The concept is similar to existing gravity-powered pumped storage, but with less land required.

The fresh funding will be used toward Quidnet Energy’s ongoing project with San Antonio-based utilitary provider CPS Energy. This collaboration is scaling the company's GPS to a 1 MW/10 MWh commercial system, per the release, that will provide CPS Energy with over 10 hour long-duration energy storage system.

In 2020, Quidnet closed its $10 million series B financing round and secured a major contract with the New York State Energy Development Authority. The series B round included participation from Bill Gates-backed Breakthrough Energy Ventures and Canada-based Evok Innovations, which both previously invested in the company, as well as new investors Trafigura and The Jeremy and Hannelore Grantham Environmental Trust.

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