According to a new report from Accenture, Houston employees want clarity and control when it comes to data collection and use. Getty Images

Chances are good your employer has a lot of data about you stored away in the company's cloud. The real question is whether or not you trust them with it. According to a new study from Accenture, the jury is still out for Houston employees when it comes to data collection.

Data misuse scandals have stirred the pot quite a bit, and 68 percent of Houston workers surveyed said those events have raised their concern about their employer's use of their data. Similarly, 64 percent of Houstonians are worried their data is vulnerable to a cyber attack. Just over half of the survey respondents are worried about their employer using technology and data to spy on them.

Despite this skepticism, 81 percent of Houston respondents said they would benefit and improve from data-based performance feedback.

"Organizations are sitting on a wealth of data that, if harnessed, can help them unlock the vast potential of their people and business," says Diana McKenzie, chief information officer of California-based Workday Inc., in the report. "A key element is establishing a track record of trust built on ethical, responsible behavior as part of an organization's people strategy. Organizations that have invested in laying this critical foundation have the opportunity to tap into this data, in turn accelerating innovation and creating a workplace that benefits all people."

The general consensus of the study, which surveyed 500 Houston workers and 10,000 workers across the globe, is that employees want control and clarity from their employers when it comes to data collection and use. Of those surveyed in Houston, 66 percent say they are open to data collection if their employer co-created the policies with feedback from their employees. Meanwhile, over 70 percent of employers say they either already do that or plan to co-create technology policies with their workforce.

Here are some key findings from the report.

  • 56 percent of Houston workers are aware that their employer is using workplace apps — like email, instant messaging tools, calendars, etc. — to collect data.
  • 66 percent of survey respondents in Houston are fine with their data being collected as long as they receive personal benefits from the data collection use.
  • 65 percent of Houston workers want to own their own data to take it with them if and when they leave the company. Meanwhile, according to the national report, 58 percent of employers are open to that idea.
  • 65 percent of Houston employees are open to the practice of data collection — as long as C-level executives and the board monitor and are held accountable for responsible use of new technologies and sources of workplace data.
  • 60 percent of Houston workers would consider leaving the company if they learned their superiors didn't responsibly use new technologies and sources of workplace data.
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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.