Houston businessman Tony Chase has gifted $1M to UT in honor of his father, architect John S. Chase. Photo courtesy of Tony Chase

Houston entrepreneur and law professor Tony Chase is no stranger to philanthropy. The founder and CEO of ChaseSource LP — a staffing, facilities management, and construction firm — has long been a generous contributor to myriad city causes. But his newest gift is decidedly personal.

Chase and his wife, Dr. Dina Alsowayel, have donated $1 million to the University of Texas at Austin’s School of Architecture in honor of his late father, John S. Chase, FAIA (M. Arch ’52). Notably, John Chase is the first Black graduate of UT’s school of architecture and the first Black licensed architect in the state.

This new gift from Tony Chase will create two new permanent endowments. The John S. Chase Family Endowed Graduate Fellowship will be used primarily to recruit graduates of historically Black colleges and universities (HBCUs) to the school and increase representation in the profession. Meanwhile, the John S. Chase Family Endowed Professorship in Architecture is meant to help recruit and retain outstanding faculty members and support their study of the built environment, according to the university.

John Chase enrolled at UT in 1950 as one of the school’s earliest Black students. He moved his family to Houston in the 1950s and eventually started his own firm — namely because no white architects would hire him. Undeterred, John Chase became the first Black licensed architect in Texas.

In 1952, he designed the headquarters for the Colored Teachers State Association of Texas, according to his bio. UT acquired the building in 2018, restored and converted it to an outreach center for the Division of Diversity and Community Engagement, and dedicated it as the John S. and Drucie R. Chase Building last fall.

He would go on to design numerous churches, private homes, eventually — and perhaps his crowning achievement — the Texas Southern University campus.

A dedicated business and community leader, Chase was also a passionate volunteer at UT; he served as a member of UT’s Development Board and Commission of 125, and was the first Black president of the Texas Exes. Chase received Texas Exes’ Distinguished Alumni Award in 1990.

“Throughout his life and as reflected in his built works, John Chase was a connector and a community-builder,” said Michelle Addington, dean of the School of Architecture, in a statement. “Not only did Chase design spaces that brought people together, but he used his pioneering position to create opportunities for others. We are extremely grateful for Tony’s incredible gift and honored to continue John Chase’s legacy of creating opportunities for a whole new generation.”

In 2019, UT’s school of architecture hosted “Chasing Perfection: The Legacy of Architect John S. Chase,” an exhibition curated by the Houston Public Library, and an accompanying panel discussion. In 2020, Professor David Heymann co-authored “John S. Chase—The Chase Residence” with Houston architecture critic Stephen Fox, which explores the significance of the home Chase designed and built for his family in Houston, both as a work of modernist residential architecture and as a setting for many important social, cultural and political events, according to a press release. The first biography of John Chase is set to publish next year, penned by assistant professor Tara Dudley.

Following in his father’s footsteps, the prolific businessman and professor Tony Chase is eager to give back with this gift, noting in a statement, “My father always said, ‘A life is not important except in the impact it has on other lives.”


John S. Chase stands in front of his family home in Houston with two of his three children, Anthony (left) and John Jr. (right). Photo courtesy the John and Drucie Chase Collection

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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.