giving support

CenterPoint Energy, Mayor Turner join forces for $1M energy assistance for Houston residents

CenterPoint Energy and the Gulf Coast Community Services Association are now accepting applications for the new program. Photo via centerpointenergy.com

In the season of giving, a Houston energy company has played Santa Claus with a special deliver for underserved Houstonians.

CenterPoint Energy announced a $1 million contribution in Houston Mayor Sylvester Turner’s name towards energy bill assistance that assists low-income residents. The donation will go to a local nonprofit organization Gulf Coast Community Services Association, or GCCSA, which will manage and distribute the funds.

“Given Mayor Turner’s selfless commitment and outstanding service to our city for the past eight years, this felt like a fitting way to celebrate him and build upon his legacy of helping others across our communities,” CenterPoint Energy CEO Dave Lesar says in a news release. “Throughout his entire career in elected office, Mayor Turner always recognized the importance of supporting underserved neighborhoods and neighbors, and this contribution in his name will make a positive lasting impact.”

Today, December 4, GCCSA will begin accepting applications for energy assistance for low-income residents or families living in CenterPoint Energy’s service areas. Applicants can apply online.

“It has been an incredible honor to serve our great city for my eight years in office, “Turner says in a news release. “It also has been a privilege to collaborate with corporate leaders like CenterPoint Energy and impactful nonprofits like GCCSA to help the community members who need it most.

“I am deeply grateful for the countless partnerships and initiatives benefiting Houston during my incredible journey as mayor. Together, we were able to do great things.”

Earlier this summer, CenterPoint also donated $100,000 to Galveston residents by way of nonprofit Vision Galveston. The program was designed to reduce energy consumption and cut utility bills through projects like HVAC tune-ups, as well as installation of ceiling insulation, LED light bulbs, solar screens, and low-flow showerheads.

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A View From HETI

XGS Energy plans to “aggressively expand” its team in Houston this year thanks to its latest round of investments. Photo via Getty Images

XGS Energy, a California-headquartered geothermal power company with a major presence in Houston, has closed $13 million in new financing that included new investors Aligned Climate Capital, ClearSky, ClimateIC and WovenEarth Ventures, in addition to inside investors.

The company plans to “aggressively expand” its team in Houston this year, according to a news release.

“We are facing global energy supply challenges of unprecedented scale and urgency,” Kevin Kimsa, Managing Partner at ClimateIC, said in the release. “The XGS team is uniquely primed to meet the moment, bringing together innovative technology and leading engineering talent with the deep experience in infrastructure development and financing critical to deploying large-scale energy systems at speed.”

As part of the financing deal, Mano Nazar, ClearSky Senior Advisor and the former Chief Nuclear Officer of NextEra Energy, will join the XGS Energy Board of Directors.

“XGS’s advanced geothermal technology is uniquely positioned to deliver abundant energy to the grid faster than any other baseload energy technology at a time of unprecedented demand for energy resources,” Nazar said in a news release. “We are excited to partner with XGS to deliver on their mission of sustainable, reliable, and scalable geothermal energy.”

XGS is known for its next-gen closed-loop geothermal well architecture. The company saw massive growth in the Houston market last year and recently completed a 100-meter field demonstration in central Texas. The new funding supports the XGS’s multi-gigawatt project pipeline.

The recent financing also builds on an oversubscribed Series A round led by Constellation Technology Ventures, VoLo Earth Ventures, and Valo Ventures that closed last year.

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