Energy Department Grants Millions to Houston Companies - HTC Graduate NanoRidge Materials to Receive $2.6 Million
Seven Houston companies and research centers and the University of Houston are getting a piece of $35.4 million in research contracts from the U.S. Department of Energy for research into deepwater drilling technology.
The federal agency is funding research aimed at diminishing the dangers of drilling in deepwater areas, as well as improving the environmental effects of deepwater drilling. The Department of Energy said the total value of the 13 projects (a few other companies, universities and centers outside of Houston received funding, as well) was $54 million over four years.
Houston-based independent research center Brine Chemistry Solutions LLC will get $3.2 million from the department to research corrosion, stress cracking and chemical buildup that occurs in high-pressure deepwater settings.
Houston-based Deepflex Inc. will receive $10.9 million from the Department for the development of light-weight, flexible risers that would “be less apt to rupture,” than other risers, according to the Department. In terms of other Houston-based projects, Det Norske Veritas will get $2.2 million, NanoRidge Materials will get $2.6 million, Remora Technology will get $758,000, Stress Engineering will get $1.9 million and $1.2 million for two separate projects, and the University of Houston will get $2.6 million for different research and development projects.