Skip to main content

Software Startup Wins First-Ever Energy Transition Pitch Competition at CERAWeek

Published Mar 16, 2022 by Brina Morales

Energy Transition pitch competition category winners

Presenters during Energy Transition pitch competition at CERAWeek

Presenters during Energy Transition pitch competition at CERAWeek

An edge computing software startup won the first-ever Energy Transition Ventures Day pitch competition hosted by the Partnership’s Houston Energy Transition Initiative in partnership with Greentown Labs, Halliburton Labs, The Ion, Rice Alliance and Chevron. 

The competition, which was held during CERAWeek, was an opportunity for the Partnership to convene key energy industry members and investors and spotlight innovative energy transition startups in Houston and beyond.

The startup Parasanti beat 11 other companies for the top prize: an invitation to participate in the Chevron Technology Ventures catalyst program

“I was elated. It’s such an incredible opportunity,” said Carrie Horazeck, President of Parasanti Commercial. 

Parasanti, founded in 2019, is an edge computing service that provides real-time analytics to on-the-ground operators in remote and extreme environments that have little to no internet connection. That technology allowed Parasanti to succeed in the federal sector by working closely with the U.S. Department of Defense on tactical deployments for soldiers and other projects. In May 2021, the company launched its commercial branch to support operations and maintenance personnel on oil and gas wells, wind and solar farms, and distributed energy resources hubs for utilities. 

“Anytime you have a guy or gal in a hard hat trying to make real-time decisions with data when they don't have the internet and can't rely on getting the data back to the cloud – that’s where we come in,” Horazeck said.

Though based in Austin, Parasanti is no stranger to Houston and has a relationship with both Halliburton Labs and Greentown Labs. Horazeck said their work in Houston focuses on “accelerating digital solutions for reducing the impact of oil and gas operations on the environment” and enhancing its wind and solar SCADA systems. The company hopes to grow its commercial branch by advancing and developing energy solutions in the city leading the energy transition.

Houston “offers a unique opportunity to tap into the knowledge of the industry's history while simultaneously accessing resources to build the industry's future. The level of collaboration between accelerators/VCs/ and incubators here is incredible,” Horazeck said. “There is just a different energy in the air. Everyone is driving towards the same goal, pooling intellectual capacity to accelerate the energy transition.”

During the pitch competition, a total of 12 startups competed across four categories: carbon capture, use and storage, hydrogen solutions, energy storage and circular economy. A panel of investors selected the top pitch in each category. Here are the winners that were recognized in each category:

CCUS

•    OCO Chem – Washington-based startup with technology that provides a more sustainable way to convert CO2 into useful products and store renewable energy

Hydrogen Solutions

•    Fyskies Bio – Houston-based startup that develops renewable green via the production of hydrogen and concentrated CO2 from direct air capture and industrial CO2 capture technologies

Energy Storage

•    Revterra – Houston-based startup developing a clean kinetic energy storage system for both high power applications (such as EV charging) and long duration applications (such as solar and storage or energy arbitrage)

Circular Economy

•    Applied Bioplastics – Austin-based company that offers plant-based plastic alternatives.

 

Learn more about how Houston is leading the global energy transition and explore Houston's thriving innovation ecosystem.

Related News

Economic Development

Regions and Neighborhoods: Historic Town of Dayton Poised to See Growth with Opening of Grand Parkway

8/16/22
The recent completion of northeast segments of the Grand Parkway is spurring economic development in cities surrounding Houston. One of those cities is Dayton, located in southwest Liberty County just 30 miles east of downtown Houston. The historic small town is poised to accommodate growth overflowing from Harris County. By 2035, the population is expected to be 131,000 people in Liberty County. In 2020, the U.S. Census Bureau reported a population of 91,628. Dayton offers people a slower-paced lifestyle and access to outdoor recreational activities. The Trinity River National Wildlife Refuge is a short drive from the city, offering hiking trails, kayaking, boating, fishing and more. Located along Highway 90 and accessible by road and rail, the opening of the Grand Parkway is a gamechanger for the rural area now more easily connected to the greater Houston region. The Partnership spoke with the Dayton Community Development Corporation to discuss what’s on the horizon. What are some unique characteristics that really set this area apart?   The community of Dayton is full of history and charm. Dayton offers the slower pace of a small community, with every amenity available nearby in the country’s fourth largest city, offering a quality of life not easily found in suburbia.  Describe the business community in Dayton. What are some of the most active industry areas?  Dayton has a strong manufacturing sector, but we are seeing growth in the retail sector as well. With the completion of 99 (Grand Parkway), several new developments coming to the area, and access to several major highways and rail services, Dayton is the prime site for both large and small industries.  What does the recent completion of the Grand Parkway mean for the Dayton area? The completion of the Grand Parkway means growth for Dayton! With drive times faster than ever to larger cities, Dayton is becoming a hotspot for development. Our residents and businesses now have easier access to any resource they need.   Are there any other exciting things on the horizon for Dayton?  We have some exciting things coming together in Dayton. We have several new restaurants, including a coffee shop, Wendy’s and Shipley’s along Hwy 90. With new developments, we also have several of our existing businesses expanding. McCoy’s Building Supply is expanding their store off SH 146 to include a distribution center, and Sumiden Wire is expanding their plant as well. We are also seeing an increase in residential developments. We currently have the Village of Westpointe subdivision off Hwy 90 and Waco St. and have several other large residential developments in the works off SH 321, SH 146, and FM 1960.  What attracts most businesses to relocate or expand in Dayton?  Dayton’s quality of life and accessibility set us apart. All roads (and railways) lead to Dayton. Four highways converge in Dayton: US Hwy 90, SH 146, SH 321, and FM 1960, and access is easier than ever with the completion of the Grand Parkway passing through the western portion of Dayton. Union Pacific has recently expanded its rail car capacity by adding 280 acres of storage space. With two major rail-served industrial parks adding over 1,300 acres of land for industrial growth, Dayton is firmly positioned as a logistics and transportation center, which means jobs and economic stability.  What are 4-5 signature spots to visit? Any hidden gems people need to know about?  Downtown Dayton comes alive at The Crossroads Plaza for lunchtime every Friday where a variety of food trucks gather. The Crossroads Plaza is also home to our monthly farmers market and other community events.  Take a #DaytripDayton and visit several murals in the heart of Dayton. We currently have 3 murals featuring the history of Dayton and the scenery of Texas wildflowers showcased in our downtown area.  Take a stroll around the Dayton Community Center grounds and visit the Love Locks Fence! This Paris tradition has made its way to Dayton, Texas. Bring a lock and a loved one to add your own little piece of history.  Visit our stars. Take a scenic drive around our small town to visit all 39 of our hand-painted stars. Whether it’s a large organization or an individual wanting to show support, our stars are spread throughout our community as a show of Dayton pride. What’s missing from the conversation about Dayton? While Dayton is still a small city, we are leaps and bounds from where we were just a few short years ago. With unprecedented growth coming into the area, we are seeing a boom in residential developments and commercial alike. With that, our community is still dedicated to fostering a small-town feel. We are excited about the growth coming our way and to see what the future holds for our community.     
Read More

Related Events

Economic Development

Business Beyond Borders

Join us at the Partnership's Business Beyond Borders on Tuesday, September 14, 2022.  This Business Resource Group is designed for people doing business internationally.…

Learn More
Learn More