Even in light of community concerns, HISD is moving forward on its pursuit to receive a District of Innovation designation. Getty Images

In the Houston Independent School District's board meeting on Thursday, May 14, the board of trustees voted in favor to begin a process that would designate HISD a District of Innovation.

The ruling allows HISD to begin the process of receiving the DOI designation and to join the almost 900 other Texas school districts with the designation, which would be implemented for the 2021-2022 school year.

The designation would allow for several exemptions from state law, including beginning the school year earlier than the fourth Monday in August, allowing flexibility in attendance requirements, and allowing for non-accredited teachers to conduct Career and Technical Education courses.

Before the HISD board discussed the motion and voted, they heard from community members who expressed concern with this particular accreditation matter during the meeting's call for community speakers. Due to COVID-19, the speakers wrote in their concerns, which were then read for the board.

Andrew Dewey, executive vice president of the Houston Federation of Teachers, asked the board to oppose the motion as the exemptions allowed by DOI aren't in themselves innovative, he says.

To allow for non-accredited CTE instructors, "the district would have to be exempted from the entire section of the law requiring certification," writes Dewey. "That action would open the door for future administration and school boards or board of managers to allow non-certified teachers in other content areas."

Several other community members voiced this concern over allowing non-accredited teachers, and another concern was timing of the motion. A few community members argued that now is not the time to pursue the DOI designation — and Trustee Elizabeth Santos of District I echoed that concern.

"Our students deserve better than to have something shoved down their throat when there's a pandemic, and we should be solely focusing on safety and instruction," Santos says in the meeting.

Trustee Anne Sung of District VII made a motion to push back voting on the matter to the board's June meeting, but the motion was struck down in a 3-6 vote. Moving forward, Sung called for the district to proceed with caution on the accreditation of teachers.

"I want to say publicly that in the plan I will be looking for extreme rigor in protecting certification in our teachers," Sung says in the meeting.

Now that the motion has passed, it has allowed HISD's Superintendent Grenita Lathan to push forward on the DOI designation. The district's next move is to create a planning committee and collect the community's concerns on the process.

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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.

Texas university's new flight academy opens at Houston Spaceport

cleared for takeoff

The vehicles may not have “student driver” stickers on them, but Texas Southern University has moved a dozen planes into its new training facility at the Houston Spaceport, opening the way for student flyers to use the facility.

TSU previously reached a deal with Houston Airports and the City of Houston in 2023 to house its prospective Flight Academy at Ellington Field. At the time, TSU had a small fleet of nine planes for student use, but a $5.5 million investment from the city greatly expanded the space available.

The Flight Academy includes a 20,000-square-foot hangar that serves as a TSU satellite campus. The school now has a fleet of 12 Cirrus SR20 aircraft that were acquired last year through state and alumni funding. An additional 4,500 square feet is used as classroom and office space. An 8,000-gallon fuel tank will support flight training operations.

TSU first launched its Aviation Science Management program in 1986 and added a professional pilot program in 2016. The school is now part of the United Airlines pipeline program and has also forged relationships with Delta and Southwest.

“I want to commend Texas Southern University and Houston Airports for their leadership and partnership in advancing aviation education right here in our city,” Houston City Councilwoman Dr. Carolyn Evans-Shabazz in a press release.

“It connects our students to high-paying, high-demand careers in aviation and aerospace. This is how we grow a city in the right way—by investing in workforce development, aligning education with industry and making sure our residents are prepared to lead in the industries of tomorrow. Houston is already a global leader in aerospace and projects like this strengthen that position even further, especially here at Ellington, where innovation and opportunity continue to take flight.”

The City of Houston signed an agreement to continue funding the academy for five years.