Mayor Sylvester Turner bikes the new Brays Bayou Greenway Bridge. Photo by Anthony Rathbun

In effort to make Houston more walkable and bike-friendly, city organizations have completed an important step in connectivity with the opening of a crucial new bridge.

Leaders from various city groups recently celebrated the ribbon cutting for the Brays Bayou Greenway Bridge, which will serve as an important connection between the University of Houston and the future home of the UH College of Medicine — as well as MacGregor Park.

The Brays Bayou Greenway Bridge runs along Martin Luther King Jr. Boulevard and the METRO Rail Purple Line. The pedestrian/bike bridge is an essential link in the 36.98-mile Brays Bayou Greenway.

Land acquisition, design, and construction of the Brays Bayou Greenway Bridge project cost $3.3 million. Engineering firm Halff Associates, along with SWA, designed the project. The Texas Department of Transportation led the construction effort and was provided funding through the Houston-Galveston Area Council. Altus was the general contractor. The University of Houston provided the easement for the bridge.

The new connector is part of the city's Bayou Greenways 2020, a public-private partnership between the Houston Parks Board, the City of Houston, the Houston Parks and Recreation Department, and the Harris County Flood Control District.

Bayou Greenways 2020 will transform 3,000 acres of underutilized land along nine major waterways and create a 150-mile network of connected parks and trails along Houston's major waterways, according to a release. In 2012, Houston voters overwhelmingly approved a bond proposal that set aside $100 million for Bayou Greenways 2020.

Houston Parks Board is raising an additional $120 million and is managing acquisition, design and construction of the Bayou Greenways. More than $110 million has been raised to date, including a historic $50 million donation from the Kinder Foundation.

"The Brays Bayou Greenway Bridge is significant because it is an essential connector in the Brays Bayou Greenway trail system. In addition to benefiting the University of Houston, this bridge is also a new link for the Third Ward community," said Beth White, President and CEO of Houston Parks Board, in a statement. "Individuals and families can use the trails to commute to work, walk to school, or just for fun."

Also at the ribbon-cutting event, Houston BCycle celebrated its 100th bike share station located in MacGregor Park, which opened in October 2019. To date, the organization has 109 bike share stations across Houston.

"Bayou Greenways 2020 is about more than just recreation; it's about bringing Houstonians together," said Mayor Sylvester Turner, at the event. "Communities are strengthened through partnerships like this. Not only do we have a beautiful bridge connecting neighborhoods, like the Third Ward Complete Community, but we have a great way to explore the trails through BCycle's bike share stations."

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This article originally ran on CultureMap.

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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.