the view from heti

Building the future of STEM leadership at Houston's energy-focused high school

The Energy Institute High School is uniquely positioned to build a lifelong foundation for those pursuing degrees and careers in the energy industry. Photo via htxenergytransition.org

Established in 2013, Houston’s Energy Institute High School is the first of its kind in the United States. Houston Independent School District (HISD), the nation’s seventh-largest school district, opened the innovative, STEM-focused magnet high school to support Houston’s increasing demand for STEM education and align with the city’s status as a major energy hub.

As the Energy Capital of the World, Houston is the leading domestic and international center for virtually every segment of the energy industry. It’s home to more than 4,700 energy-related firms, employs nearly a third of the nation’s jobs in oil and gas extraction, and boasts the world’s fourth-largest concentration of engineers. Houston’s economic vitality and growth is inextricably tied to the energy industry and depends on a strong STEM talent pool for the future.

The Energy Institute High School is uniquely positioned to build a lifelong foundation for those pursuing degrees and careers in the energy industry. The specialized high school prepares students for careers in the energy sector, as well as related fields such as environmental science and engineering, by providing a specialized learning experience centered around science, technology, engineering, and math. The Energy Institute High School integrates the energy theme into its entire STEM curriculum through a wide array of technology, hands-on projects, and experiential learning designed to inspire students and fuel continued interest in the energy field. And with up to 60% of students from economically disadvantaged backgrounds, the school plays a crucial role in fostering equal education opportunities and breaking down barriers to success that many students face.

“As principal of the first high school devoted to preparing students for careers in the energy field, my goal is to deliver extraordinary firsts in learning,” said Lori Lambropoulos, Principal of Energy Institute High School. “I am thrilled to be the leader of a school that is participating in a thematic approach to the school experience—mingling the exploration of energy careers with cutting-edge education.”

Over the years, the school has cultivated partnerships with local energy companies, organizations, and institutions—including HETI founding members bp, Chevron, ExxonMobil, and lyondellbasell—to provide students with real-world experiences and coveted industry connections. The Energy Institute High School works closely with an advisory board comprised of energy industry leaders and higher-education professionals to provide programs and enrichment opportunities for students, including:

  • A biweekly guest speaker series
  • University campus tours
  • Field trip sponsorships
  • Mentorship opportunities
  • College scholarships
  • Internships and externships

These partnerships have provided students from Energy Institute High School with invaluable networking opportunities and firsthand insights into the energy industry.

As the energy industry shifts toward a more efficient and sustainable, low-carbon future, graduates from the Energy Institute High School will play a vital role in accelerating the energy transition, not only in Houston, but across the world.

Learn more about Energy Institute High School and how you can support their mission through Friends of Energy Institute.

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This article originally ran on the Greater Houston Partnership's Houston Energy Transition Initiative blog. HETI exists to support Houston's future as an energy leader. For more information about the Houston Energy Transition Initiative, EnergyCapitalHTX's presenting sponsor, visit htxenergytransition.org.

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A View From HETI

Fervo Energy has closed financing to support the remaining construction costs for the first phase of Cape Station. Photo via fervoenergy.com

Houston geothermal unicorn Fervo Energy has closed $421 million in non-recourse debt financing for the first phase of its flagship Cape Station project in Beaver County, Utah.

Fervo believes Cape Station can meet the needs of surging power demand from data centers, domestic manufacturing and an energy market aiming to use clean and reliable power. According to the company, Cape Station will begin delivering its first power to the grid this year and is expected to reach approximately 100 megwatts of operating capacity by early 2027. Fervo added that it plans to scale to 500 megawatts.

The $421 million financing package includes a $309 million construction-to-term loan, a $61 million tax credit bridge loan, and a $51 million letter of credit facility. The facilities will fund the remaining construction costs for the first phase of Cape Station, and will also support the project’s counterparty credit support requirements.

Coordinating lead arrangers include Barclays, BBVA, HSBC, MUFG, RBC and Société Générale, with additional participation from Bank of America, J.P. Morgan and Sumitomo Mitsui Trust Bank, Limited, New York Branch.

“As demand for firm, clean, affordable power accelerates, EGS (Enhanced Geothermal Systems) is set to become a core energy asset class for infrastructure lenders,” Sean Pollock, managing director, project Finance at RBC Capital Markets, said in a news release. “Fervo is pioneering this step change with Cape Station, a vital contribution to American energy security that RBC is proud to support.”

The oversubscribed financing marks Cape Station’s shift from early-stage and bridge funding to a long-term, non-recourse capital structure, according to the news release.

“Non-recourse financing has historically been considered out of reach for first-of-a-kind projects,” David Ulrey, CFO of Fervo Energy, said in a news release. “Cape Station disrupts that narrative. With proven oil and gas technology paired with AI-enabled drilling and exploration, robust commercial offtake, operational consistency, and an unrelenting focus on health and safety, we have shown that EGS is a highly bankable asset class.”

Fervo continues to be one of the top-funded startups in the Houston area. The company has raised about $1.5 billion prior to the latest $421 million. It also closed a $462 million Series E in December.

According to Axios Pro, Fervo filed for an IPO that would value the company between $2 billion and $3 billion in January.

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