built for the future

Photos: City of Houston makes $4.4M facilities upgrades with sustainability, resiliency in mind

Houston Mayor Sylvester Turner celebrated the opening of the renovated City Hall basement that was damaged in Hurricane Harvey. Photo via houstontx.gov

Where some might see just a basement, Mayor Sylvester Turner sees an opportunity to tell a story of Houston's resiliency and dedication to sustainability.

When Hurricane Harvey hit Houston, it left 18 to 20 inches of floodwaters in the basement of Houston City Hall. The city received funding from FEMA to support the $4.4 million renovation project that commenced in 2020. After facing challenges — including a defaulted contractor — the city revealed the new space this week, which was completed by contractor Dunhill Construction.

The basement includes 18 works of art that each are an "ode to Houston." Photo via houstontx.gov

"The City Hall Basement renovation is a testament to the resilient spirit of Houston," says Turner in the news release. "We encountered some challenges, but we've revitalized this space while preserving our history and embracing innovation. This space truly embodies our commitment to a sustainable future."

The new basement holds conference rooms, training facilities, and a wellness center that was donated by Cigna. The project was focused on implementing sustainability and efficiency and included replacing aging air handling units with more efficient technology, LED lighting equipped with sensors to avoid energy waste, and a sliding floodgate to prevent history from repeating itself should another storm hit Houston.

The new space includes training facilities.Photo via houstontx.gov

The project also incorporated 18 pieces of Houston-focused art by artists including Mark Chen, Syd Moen, Nancy Newberry, and David Reinfeld. The 49 Houston mayor portraits, which were rescued by a staffer during the storm, were conserved, reframed, and rehung.

The space will also be the home to Houston's first walk-in 311 center, per the release, and the 311’s Continuity of Operations Plan, or COOP, and will be a secondary location in case the main call center fails.

With the completion of the project, the city has a few more upgrades — including additional training facilities, the mayor's dining room, and kitchen — coming soon and set to be completed in November.

Cigna donated a wellness center as a part of the renovation. Photo via houstontx.gov

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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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