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Solar energy co-op shines light on sustainability for Houston-area residents

A national solar energy organization is expanding in Houston to promote affordable sustainability. Getty Images

A nationwide nonprofit organization that focuses on promoting and educating on the use of solar energy, has chosen a local solar installer business for its West Houston co-op.

Solar United Neighbors, also known as SUN, was established in 2007 to represent the interests and needs of solar owners and those interested in going solar. The nonprofit has already helped more than 4,600 solar owners with over 35,000 kW installed. SUN is currently active in the Houston area with two co-ops formed.

The West Houston co-op, which opened in January of 2020, is open to residents and small businesses from Brookshire to Memorial City and Richmond. The co-op will be open to new members until July 31st. However, members have already chosen a local business, Sunshine Renewable Solutions to install solar panels for the group.

"It is an honor to be selected because we know how thoroughly the co-op reviewed each bid," says Sid Chandrashekar, vice president of sales and operations for Sunshine Renewable Solutions. "SUN's mission is aligned with ours when it comes to education efforts for solar energy, they use a community approach that is really informative to anybody that is interested in solar, and that's how we see ourselves more as educators and consultants."

Hanna Mitchell, the Texas Program Director for Solar United Neighbors says a co-op is a great way to reduce costs for local citizens looking to go solar. The co-op is free to join and there is no commitment to purchase panels.

"Through our education programs and events we hope to demystify the process of going solar," says Mitchell. "There is never any pressure to go forward with the installation, our main goal is to provide access to information so our members can make informed energy choices."

The West Houston co-op committee members chose Sunshine Renewable Solutions from seven other installers that put in a bid. Solar co-op members selected the local installer for their competitive pricing, battery options, and workmanship warranty.

Co-op member Joseph Garfunkel served on the committee who volunteered to review bids and choose an installer. Initially, he joined to learn more about the process to get solar in his home.

"I joined the West Houston Solar Co-op to learn more about the process for installing solar at my house, and to also to get an idea of the cost," says Garfunkel. "The solar co-op has been very helpful in providing webinars and other information describing the entire process."

The experts at SUN were able to hold events to further educate the members of the West Houston co-op of the benefits of solar investment, even after the rise of the coronavirus pandemic moved gatherings to virtual events.

Garfunkel, along with fellow residents of the committee, was able to select the best candidate among those who presented a bid.

"I found that our discussion during that process was extremely helpful," says Garfunkel. "We were able to in better understand the features being offered by the different vendors, as well as the different costs and options that are available."

Sunshine Renewable Solutions, for their part, says they are thrilled to have been chosen from the other solar installers that were in the competition.

"We've worked hard to build our reputation and spread the love of clean energy and energy independence in the Houston area," says Chandrashekar. "We are ecstatic to help more people go solar by providing them with amazing customer experience at an incredibly low cost."

Those interested in joining the West Houston co-op will be presented with an individualized proposal based on the group rate, which leads to a significant number of dollars saved on the cost.

SUN will be recruiting more members for its East Houston co-op that will close at the end of August.

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BiVACOR has received fresh funding from its investors to further develop its artificial heart. Photo courtesy of BiVACOR

A Houston medical device company that is developing an artificial heart announced it has received investment funding to the tune of $18 million.

BiVACOR's investment round was led by Boston-based Cormorant Asset Management and Australia's OneVentures's Healthcare Fund III. According to the company, the funding will be deployed to continue research and development, hiring executives, and support the path to first in human trials.

“We are extremely grateful for the ongoing support from our core investors," says Thomas Vassiliades, who was named CEO of BiVACOR last year, in a news release. "This additional commitment further validates our technology and the need for improved options to treat end-stage biventricular heart failure.

“With this financing, we will be able to double the size of our organization and add key positions from the C-suite to research and development. We are well positioned to advance our preclinical activities and aim to conduct our First in Human early feasibility study planned for the end of the year,” he continues.

Billed as the first long-term treatment for patients with severe biventricular heart failure, the BiVACOR Total Artificial Heart is an implantable artificial heart that utilizes rotary blood pump technology. This technology includes magnetic levitation and is a "durable, reliable, and biocompatible heart replacement," per the company's release. It's about the size of a fist and can be used in a wide range of patients including some children and women and up to adult males.

“Under the leadership of its expert management team, the company has developed a credible strategy for growth as they march toward first in human studies,” says Jeannie Joughin, board chair and principal at One Ventures, in the release. “There is a huge gap in care for patients waiting for a heart transplant, and we are confident that BiVACOR will continue to execute its strategy to swiftly get the Total Artificial Heart into the patients who need it most.”

The company raised its $22 million series B round in early 2021, which was also led by Cormorant Asset Management and OneVentures. To date, BiVACOR has raised $60 million.

“BiVACOR continues to execute on its strategy, and there was no question that we would jump in to lead this funding,” says Bihua Chen, CEO and founder of Cormorant Asset Management. “We are impressed by BiVACOR’s world-class team and continued dedication to push the technology in the clinic. We’re excited to support their growth and vision to transform the treatment of biventricular heart failure with the world’s first fully MAGLEV total artificial heart.”

Founded in 2008, BiVACOR maintains offices in Cerritos, California, and Brisbane, Australia. The company is affiliated with Houston's Texas Heart Institute, where the world's first artificial heart was implanted. BiVACOR's headquarters is at the Texas Medical Center complex.

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