In his SpaceCom 2019 keynote address, Bill Nye shares the breakthrough technology he's been able to develop at The Planetary Society. Photo courtesy of SpaceCom

According to Bill Nye, known to most as "The Science Guy" but who now leads the largest non-government space exploration nonprofit, humanity has always asked two questions: How did we get here and are we alone.

"If you want to answer those two questions, you've got to explore space," Nye, CEO of The Planetary Society, says in his keynote address at Houston's annual SpaceCom.

The conference, which took over downtown Houston's George R. Brown Convention Center for November 20 and 21, welcomed a record number of attendees from all over the world. Throughout the two days, 2,500 space fans, experts, and professionals from around the world engaged with panels and programming as well as the exhibit hall full of dozens of space companies.

In his keynote address, Nye walked through the history of solar space studies and breakthroughs, from Johannes Kepler's 17th century observation of the sun's solar force on comets to Carl Sagan's work to develop a completely solar powered spacecraft. Sagan, who was a mentor to Nye, passed away in 1996 and didn't get to see his dream become reality.

Nye, however, has accomplished Sagan's goals, and the technology he and The Planetary Society has developed is low cost and completely citizen funded, representing a huge step toward democratizing space.

"We built two spacecrafts for $7 million," Nye says of LightSail 1 and 2.

The first iteration didn't last long, but LightSail 2 equipped with CubeSats — small but mighty satellites — became the first controlled solar sail spacecraft completely propelled by the sun. Solar sails use radiation pressure from the sun as an energy source reacting with extremely thin reflective material that makes up the sail.

The device, which is still in space, represents a lot of potential for long-term space missions since no fuel is needed. While there have been light sails launched in the past, LightSail 2 was the first iteration to be able to be steered from earth in a timely manner. (The device can be turned in a matter of minutes.)

"With this technology, we can democratize space," Nye tells the crowd, sharing that just a few hours before, Time magazine named the technology as the most innovative invention in aerospace.

Nye says that while the work he is doing at The Planetary Society came about as a group of engineers trying to solve a specific problem, the results they have found and the feedback they received represent the world's interest in continuing space exploration in a cost-effective and feasible way.

"Space brings people together," Nye says.

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Houston quantum energy chip startup emerges from stealth with $12M round

seed funding

Houston-based Casimir has emerged from stealth with a $12 million seed round to commercialize its quantum energy chip.

The round was led by Austin-based Scout Ventures. Lavrock Ventures, Cottonwood Technology, Capital Factory, American Deep Tech, and Tim Draper of Draper Associates also participated in the round. The oversubscribed round exceeded the company’s original $8 million target, according to a news release.

Casimir’s semiconductor chips can generate power from quantum vacuum fields without the need for batteries or charging. The company plans to commercialize its first-generation MicroSparc chip by 2028.

The MicroSparc chip measures 5 millimeters by 5 millimeters and is designed to produce 1.5 volts at 25 microamps, comparable to a small rechargeable battery, without degradation and no replacement cycle.

“Casimir represents exactly the kind of breakthrough dual-use technology Scout Ventures was built to back,” Brad Harrison, founder and managing partner at Scout Ventures, said in the release. “This is based on 100 years of science and we’re finally approaching a commercial product … We’re proud to lead this round and support Casimir’s journey from applied science to deployed technology.”

Casimir says it aims to scale its technology across the ”full power spectrum,” including large-scale energy systems that can power homes, commercial infrastructures and electric vehicles.

Casimir's scientific work has been supported by DARPA-funded nanofabrication research and its technology was incubated at the Limitless Space Institute (LSI). LSI is a nonprofit that works to innovate interstellar travel and was founded by Kam Ghaffarian. Technology investor and serial entrepreneur Ghaffarian has been behind companies like X-energy, Intuitive Machines, Axiom Space and Quantum Space.

Harold “Sonny” White, founder and CEO of Casimir, believes the technology can power devices for years without replacements.

“Millions of devices will operate for years without a battery ever needing to be replaced or recharged because we have engineered a customized Casimir cavity into hardware capable of producing persistent electrical power,” White added in the release. “I spent nearly two decades at NASA studying how we power humanity’s future. That work led me to the Casimir effect and the quantum vacuum, where new tools have allowed us to build on a century of scientific knowledge and bring abundant power to the world.”

Houston-based Fervo Energy bumps up IPO target to $1.82 billion

IPO update

Houston-based geothermal power company Fervo Energy is now eyeing an IPO that would raise $1.75 billion to $1.82 billion, up from the previous target of $1.33 billion.

In paperwork filed Monday, May 11 with the U.S. Securities and Exchange Commission, Fervo says it plans to sell 70 million shares of Class A common stock at $25 to $26 per share.

In addition, Fervo expects to grant underwriters 30-day options to buy up to 8.33 million additional shares of Class A common stock. This could raise nearly $200 million.

When it announced the IPO on May 4, Fervo aimed to sell 55.56 million shares at $21 to $24 per share, which would have raised $1.17 billion to $1.33 billion. The initial valuation target was $6.5 billion.

A date for the IPO hasn’t been scheduled. Fervo’s stock will be listed on Nasdaq under the ticker symbol FRVO.

Fervo, founded in 2017, has attracted about $1.5 billion in funding from investors such as Bill Gates-founded Breakthrough Energy Ventures, Google, Mitsubishi Heavy Industries, Devon Energy (which is moving its headquarters to Houston), Tesla co-founder JB Straubel, CalSTRS, Liberty Mutual Investments, AllianceBernstein, JPMorgan, Bank of America and Sumitomo Mitsui Trust Bank.

Fervo’s marquee project is Cape Station in Beaver County, Utah, the world’s largest EGS (enhanced geothermal system) project. The first phase will deliver 100 megawatts of baseload clean power, with the second phase adding another 400 megawatts. The site can accommodate 2 gigawatts of geothermal energy. Fervo holds more than 595,000 leased acres for potential expansion.

Cape Station has secured power purchase agreements for the entire 500-megawatt capacity. Customers include Houston-based Shell Energy North America and Southern California Edison.

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This article originally appeared on our sister site, EnergyCapitalHTX.com.