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5 most popular innovation stories in Houston this week

Catch up on events not to miss this month, startup new hires, innovators to know, and more are this week's trending stories. Photo via Getty Images

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, what events you can't miss this month, details on a new space accelerator, and more.

3 Houston tech startups name new leadership members

These fast-growing companies have new personnel announcements to share. Photos courtesy

Three Houston startups have new hires they're excited about. From new board members to C-level execs, here's who's moving and shaking in Houston innovation. Click here to continue reading.

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

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

This month, Houstonians have yet another good batch of online innovation events — from Zoom panels to virtual conferences — and you and your tech network need to know about them.

Here's a roundup of virtual events not to miss this month — like demo days, workshops, competitions, and more. Click here to continue reading.

Houston experts: What business owners need to know about navigating government aid

Now is the time to analyze and manage costs and investments, which will be crucial to capitalize on as we head into an upswing in business. Photo by Hero Images

Although the world may be going back to normal and it feels like we can see the light at the end of the tunnel, business owners across the country are seeing lasting negative effects of the COVID-19 pandemic on their companies. Especially in the restaurant industry, local business owners are having to rely on government aid to make sure employees and rent are paid, keeping stress levels very high.

Our company, Cerboni, is a financial firm that works with clients to relieve the burden business owners face by taking things like back-office work, inventory management and more off their plate to give them the freedom to focus on their trade. To help alleviate some of this stress, we are taking an in-depth look at some of the options available to business owners working to navigate government aid applications, along with opportunities for future prosperity. Click here to continue reading.

Newly announced Houston Spaceport project to include a startup incubator

Recently, Collins Aerospace announced its plans to build a facility at the Houston Spaceport — with 10,000 square feet dedicated to startup acceleration. Image via collinsaerospace.com

A major aerospace company recently announced its new campus at the Houston Spaceport — and the company is dedicating a chunk of the new space to startups.

Collins Aerospace — a Charlotte, North Carolina-based company owned by Raytheon Technologies — announced its plans to build a new eight-acre, 120,000-square-foot campus for human space-related activity. And of that new campus, 10,000 square feet will be dedicated to an incubator supporting aerospace startups.

The city of Houston approved the deal last week, and the company will receive up to $25.6 million in financing from Houston Airports for capital improvements, according to a news release. Click here to continue reading.

3 Houston innovators to know this week

This week's roundup of Houston innovators includes Andrew Bruce of Data Gumbo, Jan E. Odegard of The Ion, and David Leebron of Rice University. Courtesy photos

In this week's roundup of Houston innovators to know, I'm introducing you to three local innovators across industries — blockchain, education, and more — recently making headlines in Houston innovation. Click here to continue reading.

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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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