solar-powered spotlight

Houston organization grants funding to local arts center to make sustainable updates to facilities

Silambam Houston will use the funding to create the Green Mountain Energy Sun Club Sustainability Pavilion. Photo courtesy of Green Mountain

Green Mountain Energy Sun Club has supplied a grant of nearly $103,000 to a local Indian arts center to make sustainable improvements to its facilities.

Silambam Houston will use the grant to help with the installation of a rooftop solar array and a new pavilion at its Pearland dance studio, which will be called The Green Mountain Energy Sun Club Sustainability Pavilion. The venue will serve as an outdoor gathering space for events at the facility.

“At Green Mountain Energy, we recognize that our choices can have a profound impact on our environment,” Mark Parsons, Green Mountain Energy vice president, says in a news release. “We’re proud to support the rich and diverse culture of the Indian community, and we’re glad to help Silambam take the next step toward a more sustainable future.”

The 14.58 kW solar structure is expected to offset 100 percent of the building’s energy needs, which would save the organization more than $4,000 per year for the next 25 years. Sun Club has donated more than $14 million for 164 projects across Texas and the Northeast since it was founded in 2022.

Silambam is an Indian classical arts organization with an arts academy program that serves 180 students each week with more than 20 teaching artists on staff. The professional dance company has more than 20 dancers that regularly perform at Houston venues like Miller Outdoor Theater where they will perform next on June 7.

“We are thrilled to be able to weave sustainable practices into our arts programming, while also giving back to the community,” founder and executive artistic director of Silambam Dr. Lavanya Rajagopalan said in a news release. “The annual savings from this project will allow us to increase artist pay, provide tuition waivers for economically disadvantaged students, and/or provide free or pay-what-you-can access to our ArtStream Concerts, all while benefiting the environment.”

Silambam Houston will use the grant to help with the installation of a rooftop solar array and a new pavilion at its Pearland dance studio. Photo courtesy of Green Mountain

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A View From HETI

Fervo Energy is targeting a listing on the Nasdaq exchange. Photo courtesy Fervo Energy

Fervo Energy has officially filed for IPO.

The Houston-based geothermal unicorn filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission on April 17 to list its Class A common stock on the Nasdaq exchange. Fervo intends to be listed under the ticker symbol "FRVO."

The number and price of the shares have not yet been determined, according to a news release from Fervo. J.P. Morgan, BofA Securities, RBC Capital Markets and Barclays are leading the offering.

The highly anticipated filing comes as Fervo readies its flagship Cape Station geothermal project to deliver its first power later this year

"Today, miles-long lines for gasoline have been replaced by lines for electricity. Tech companies compete for megawatts to claim AI market share. Manufacturers jockey for power to strengthen American industry. Utilities demand clean, firm electricity to stabilize the grid," Fervo CEO Tim Latimer shared in the filing. "Fervo is prepared to serve all of these customers. Not with complex, idiosyncratic projects but with a simplified, standardized product capable of delivering around-the-clock, carbon-free power using proven oil and gas technology."

Fervo has been preparing to file for IPO for months. Axios Pro first reported that the company "quietly" filed for an IPO in January and estimated it would be valued between $2 billion and $3 billion.

Fervo also closed $421 million in non-recourse debt financing for the first phase of Cape Station last month and raised a $462 million Series E in December. The company also announced the addition of four heavyweights to its board of directors last week, including Meg Whitman, former CEO of eBay, Hewlett-Packard, and Spring-based HPE.

Fervo reported a net loss of $70.5 million for the 2025 fiscal year in the S-1 filing and a loss of $41.1 million in 2024.

Tracxn.com estimates that Fervo has raised $1.12 billion over 12 funding rounds. The company was founded in 2017 by Latimer and CTO Jack Norbeck.

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