HOUSTON – October 5, 2024 – Out of nearly 100 energy tech ventures, CORROLYTICS was selected by investors as one of the “10 Most Promising Companies” at the 21st Annual Rice Alliance Energy Tech Venture Forum hosted by the Rice Alliance for Technology and Entrepreneurship on September 11-12, 2024. The event was an anchor event for the inaugural Houston Energy and Climate Startup Week, bringing global attendees to Houston. More than 75 investor groups participated in one-on-one meetings during Office Hours with companies and a total of nearly 750 meetings. From that, they chose 10 companies that represented the most promising based on those that have an innovative technology that is solving a large problem, have customers willing to pay for it and have the right team to build and grow their company.
Additionally, Corrolytics was honored with the prestigious “People’s Choice” award, voted by the audience during a competitive pitch event featuring nearly 100 founders. This recognition reflects the excitement and belief in our groundbreaking technology, further validating our mission to revolutionize corrosion detection and monitoring across industries.
Corrolytics is a pioneering clean tech startup transforming the way industries manage corrosion detection and asset integrity. With our patented near real-time electrochemical MIC Test Kit, we provide on-site corrosion analysis that empowers industrial clients to take immediate, data-driven action, significantly reducing operational costs, preventing unplanned shutdowns, and extending the life of critical infrastructure. Our innovative technology uniquely differentiates microbial corrosion from other types of corrosion, enabling precise mitigation strategies and optimizing chemical and biocide use. Backed by strategic partnerships with major oil and gas companies, Corrolytics is leading the charge to revolutionize industrial sustainability, enhancing safety and efficiency while reducing the carbon footprint associated with asset failures and corrosion-related replacements. Our mission is to de-risk the energy transition and deliver cutting-edge solutions for a cleaner, safer future.
For two decades, the Rice Alliance’s Energy Tech Venture Forum has remained the epicenter for connecting energy pioneers, visionary investors, forward-thinking corporations and the broader energy ecosystem. The September 12th event featured interactive panels, three keynotes and over 50 venture pitches, providing a platform to explore the cutting edge of energy technology.
Participating companies include technologies in Battery & Power Storage, CCUS, Chemical Manufacturing, Climate Fintech, Combustion, Energy Efficiency, Fluid Storage, Grid, Hydrogen, Materials, Mobility, Nuclear, Oilfield Technologies, Renewable Energies, Software, Water Treatment and more.
About The Rice Alliance for Technology and Entrepreneurship
The Rice Alliance for Technology and Entrepreneurship (Rice Alliance) is Rice University’s globally recognized entrepreneurship initiative devoted to the support of entrepreneurship education, technology commercialization, and the launch of technology companies. Since inception, over 3,355 startups have raised more than $25.88 billion in funding. More than 53,000 entrepreneurs, investors and members of the entrepreneurial ecosystem have attended over 300 programs hosted by the Rice Alliance. The Rice Alliance leads programming and activation for the Ion, Houston’s innovation hub powered by Rice University.