The tower, set for completion in 2026, will be the new home of the School of Medicine and the School of Health Professions. Rendering courtesy of SLAM Architecture

Houston’s Baylor College of Medicine has received more than $50 million in donations for construction of the Lillie and Roy Cullen Tower.

The tower, originally announced last year and set for completion in 2026, will be the new home of the School of Medicine and the School of Health Professions.

The new contributions are:

  • $25 million from The Brown Foundation.
  • $16 million from The DeBakey Medical Foundation, adding to $12 million that already was pledged.
  • $10 million from the Sarofim Foundation, matching a previous $10 million commitment from the late Fayez Sarofim.

“Thanks to tremendous support from the community, we have raised almost $150 million in philanthropy for the new state-of-the-art home for the School of Medicine and School of Health Professions. Cullen Tower isn’t just an investment in infrastructure, but an investment in the health and well-being of future generations,” Dr. Paul Klotman, president, CEO, and executive dean at the Baylor College of Medicine, says in a news release.

The 503,000-square-foot Lillie and Roy Cullen Tower is the first phase of Baylor’s planned Health Sciences Park, an 800,000-square-foot project that will combine medical education and research at a site next to Baylor Medicine and Baylor St. Luke’s Medical Center.

In recognition of The DeBakey Medical Foundation’s increased commitment to Cullen Tower and additional funding for the Michael E. DeBakey Department of Surgery, the Baylor College of Medicine will name the park the Michael E. DeBakey Health Sciences Park. It will encompass the new Cullen Tower, another research tower to be built in the future, a building that links the two towers, and the existing Jamail Specialty Care Center.

“The comprehensive scope of the park — combining spaces for education, research, and clinical care — is a fitting tribute to Dr. DeBakey’s contributions to Baylor and the field of health care. The Cullen Tower embodies his legacy of excellence, which will inspire further generations of Baylor students to strive for greatness while advancing medical knowledge and providing compassionate care to patients,” says Dr. H. David Short III, president of the DeBakey foundation.

When seven Houston Public Libraries were damaged during Hurricane Harvey, the library system rolled out its resources to the communities that needed it most. Photo courtesy of Houston Public Library Foundation

Innovative library on wheels brings tech lab and resources to Houston communities that need it most

rolling out

To those that think the Houston Public Library has a dearth of innovation, think again.

"If people don't think libraries are relevant, they just need to visit one," says Sally Swanson, executive director of the Houston Public Library Foundation. "The 21st century library really is a technology hub.

"The libraries here in Houston have been around over a hundred years, but regardless of what decade it was in, it has always kept up with the needs of the community, therefore it always has to be innovative."

In the aftermath of Hurricane Harvey, seven libraries across Houston were forced to close due to extreme flood damage. To mitigate the loss, the HPL decided to modernize its Mobile Express Unit, a custom-built technology lab and library on wheels designed to bring access to technology and programs to high-need neighborhoods.

"Even though the hurricane was two years ago, the damage in Houston was so extensive, that only one of those seven locations has reopened," says Swanson. "The other ones are still in need, so having the Mobile Express now will bridge that gap until the city is able to reconstruct or reopen those closed locations.

"Thanks to the renovated Mobile Express, we'll be able to go to community centers, to schools and to other events. Basically, we're bringing the library to the people."

With the help of The Brown Foundation Inc., John P. McGovern Foundation, The Powell Foundation, corporate partner Crown Castle and thousands of donations from generous Houstonians, the HPL will use the $325,000 vehicle outfitted with advanced programmatic features to expand services to a growing waiting list of neighborhoods in need.

"We couldn't have done this without the generosity of the Houston community," says Swanson. "The vehicle itself was $325,000 and there was another $30,000 added in for technology. I would really like to thank our significant donors that made this vehicle possible. Thanks to that outpouring of support, this is now our reality."

The Mobile Express Unit, which will begin venturing out and serving the community in early February, has three touchscreen monitors, one desktop tower, 12 student Apple MacBook laptops and 10 iPads in a training room, eight tech lab workstations and a 3D printer.

"Even though we've had the public debut, it hasn't started accepting appointments yet," says Swanson. "The Mobile Express is operated through the Houston Public Library's Community Engagement division. They will have the online schedule and they have a driver and a program team that will go out and bring activities to people. The beauty of this is that it's free to the public."

As a fun way to get the word out, the HPL is sponsoring a contest for kids to name the Mobile Express Unit's robot mascot. Kids that enter the vehicle will be able to use the mascot to learn robotics and whoever wins the naming contest will receive that same robot, with five runners up receiving five slightly smaller versions of the robot.

"The beauty of the Mobile Express is its versatility," says Swanson. "There is a need for getting kids engaged in STEM activities and while some kids are very computer proficient, there are others that don't have access to the equipment. There will be learning at every stage and kids will be able to go on the vehicle, experiment with the different platforms and be part of the technology.

"There will be computer classes, coding classes and 3D printing workshops, so anyone, no matter their level of skills will be able to go on and actually have a real positive hands-on experience."

The Mobile Express, which can serve up to 24 participants or expand its interior walls to accommodate more, has an outdoor flat screen for dance sessions or for showing the instruction that is being held on the inside.

With its improved classroom flow and comfortable and engaging environment, the Mobile Express is able to offer English as a Second Language classes, workforce development classes, sewing workshops and pop-up library activities.

The mobile library and technology lab on wheels has no restrictions on its service area, so it can go into every neighborhood and corner of Houston and serve the public where it is needed the most.

"Every stop the Mobile Express makes is a continued investment into the Houston community," says Swanson. "A lot of people take for granted that everyone has equal access to online resources, but there's a lot of families that are having trouble making ends meet and they don't have internet in their home.

"The Houston Public Library has always been really good about finding creative and innovative ways of bringing services to the community."

For those that can't wait to make an appointment with the Mobile Express, there's always the neighborhood brick-and-mortar library.

"I welcome everyone in Houston to just go visit their local library," says Swanson. "They will be very surprised when they walk in and they see how many people are there reading or on computer terminals. They'll also be surprised by the library's focus on technology."

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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.