ExxonMobil donates $3 million to Houston nonprofit that feeds hungry kids

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Kids’ Meals will use the gift toward its new campus, a 50,000-square-foot facility in Spring Branch. Photo courtesy of Kids' Meals

At its annual Harvest Luncheon last week, Kids’ Meals, a a nonprofit combatting childhood food insecurity and hunger, received a huge boost: a $3 million gift from ExxonMobil. The gift makes a milestone for the organization.

“We are incredibly grateful to ExxonMobil for the generous $3 million donation, which is the largest corporate donation Kids’ Meals has ever received, both in size and in impact,” CEO Beth Harp said in a statement.

The nonprofit will use the gift toward its new campus, a 50,000-square-foot facility in Spring Branch. Kids’ Meals broke ground on the project in June.

The new building will nearly triple the size of its current headquarters, further helping Kids’ Meals achieve its goal of serving 26,000 children each weekday by 2031. The organization currently serves over 9,000 children every weekday through its 18,500-square-foot headquarters in Garden Oaks. The new building will carry Exxon-Mobil’s name.

“In establishing the Kids’ Meals ExxonMobil Campus, we will be able to expand our programs, reach more children in need, and make a lasting impact on the lives of countless families in the Houston area,” said Harp. “Together, we’re feeding the future and providing hope.”

Founded in 2006, Kids’ Meals serves children ages five and under, and is the only organization in the country that delivers free, healthy meals to the doorsteps of Houston’s hungriest children. Since its inception, the organization has delivered more than 14 million meals to children in 56 Houston-area zip codes. After delivering a record-breaking 2.4 million meals in 2023, the nonprofit is on track to deliver 2.7 million meals in 2024.

The Harvest Luncheon is the nonprofit’s biggest event of the year. The event raises funds to provide more than 500,000 meals for preschool-aged children. Houston Mayor John Whitmire’s daughters, Sarah and Whitney, chaired the event. Best-selling author Bob Goff served as keynote speaker.

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This article originally ran on CultureMap.

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Solar manufacturer expands Houston footprint with new 4 GW factory

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Houston-based SEG Solar plans to open a new 4-gigawatt solar module manufacturing facility in Cypress.

The facility represents more than a $200 million investment and will raise SEG's total annual U.S. module production capacity to approximately 6 gigawatts, according to a new release. The expansion is part of SEG’s long-term goal of becoming one of the largest 100 percent U.S.-owned module manufacturers.

The new 500,000-square-foot facility will be located on Telge Road and is expected to create 800 new jobs, according to reports.

“This new facility marks an important milestone for SEG,” Timothy Johnson, VP of operations, said in the release. “It will further strengthen our U.S. manufacturing capabilities while supporting ongoing technology innovation. The plant is designed with the flexibility to integrate next-generation technologies, including (heterojunction solar technology) as the industry evolves.”

Commercial operations at the new facility are expected to commence in Q3 2026.

SEG is also developing a 5-gigawatt ingot and wafer manufacturing facility in Indonesia. Construction on the facility is expected to begin in Q2 2026.

In 2024, SEG Solar opened a new $60 million, 250,000-square-foot facility in Houston to house its production workshops, raw material warehouses, administrative offices, finished goods warehouses and supporting infrastructure. Read more here.

Fervo Energy bumps up IPO target to $1.82B

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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.

Modular nuclear reactor company opens office in Houston

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The nuclear energy renaissance continues in Texas with an announcement by NuScale Power. The Oregon-based provider of proprietary and innovative advanced small modular reactor (SMR) nuclear technology announced in April it would be opening office space in Houston’s CityCentre.

“Opening this space in Houston underscores our commitment to meeting rising energy demand with safe, scalable nuclear technology,” John Hopkins, NuScale president and CEO, said in a news release. “This move expands our presence in a key market for partners, prospective customers, and stakeholders in addition to positioning us for the future as we focus on the near-term deployment of our industry-leading technology. Texas is leading the way in embracing advanced nuclear for grid resilience and industrial decarbonization, and we’re proud to expand our footprint and capabilities in this important region.”

Interest in nuclear power has been growing in recent years thanks to tensions with oil-rich nations, concerns about man-made climate change from fossil fuels, and the rapidly increasing power needs of data centers. Both Dow and Texas A&M University have announced expanded nuclear power projects in the last year, with an eye of changing the face of Texas’s energy industry through smaller, safer fission reactors.

Enter NuScale, founded in 2007 from technology developed at the University of Oregon. Their modular SMR technology generates 77 megawatts and is one of the only small modular reactors (SMR) to receive design approval from the U.S. Nuclear Regulatory Commission (NRC). These advances have led to runaway success for NuScale, whose stock has risen by more than 1,670 percent since the start of 2024.

The new operations campus in CityCentre is expected to facilitate the movement, installation and coordination of NuScale technology into the various energy systems. Typically, SMRs are used for off-grid installations, desalination operations, mining facilities and similar areas that lack infrastructure. However, the modularity means that they can be easily deployed to a variety of areas.

It comes none too soon. ERCOT projects that Texas data centers alone will require 77,965 megawatts by 2030.

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