A turbine pedestal at the NET Power plant in LaPorte. Houston-based NET Power, which developed proprietary technology that delivers clean, reliable, low-cost power from natural gas, will be listed on the New York Stock Exchange through a merger with a listed company.Rice Acquisition Corp. II, a special purpose acquisition company focused on supply-side decarbonization solutions, and NET Power LLC agreed to merge.
Occidental Petroleum, which invested $100 million in NET Power, is conducting feasibility studies to incorporate NET Power plants into direct air capture hubs being developed by its 1PointFive subsidiary, where approximately 30 – 40 plants could provide enough clean power for a DAC program capturing 100 million to 135 million tons of CO2 per year.Seed funding for diabetes detection company
The Houston-based company is developing a multi-camera-compatible autonomous Artificial Intelligence diabetic retinopathy detection system. The product, RETINA-AI Galaxy, seeks to address the market for annual diabetic eye exams.Chicago-based Helios Visions, a national provider of drone services, said it would open offices in Houston, Austin and Dallas-Fort Worth. The company provides drones to visually inspect critical infrastructure and construction projects.
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