On The List

UH ranked in top 100 U.S. universities for patents by National Academy of Inventors

Courtesy photo

The University of Houston ranks 60th on the National Academy of Inventors’ (NAI) list of the Top 100 Universities in the U.S. Granted Utility Patents.

This new list was created to celebrate American innovation and to highlight the universities that play a large role in advancing the innovation ecosystem within the U.S. and beyond.

Utility patents are among the most valuable assets in the world because they give inventors exclusive commercial rights to produce and utilize their technologies.

UH had 32 patents granted last year, and more than 200 granted since 2015. The University is also home to the nation’s top-ranked undergraduate entrepreneurship program and is one of the top 25 royalty-earning universities in the country.

UH joins the University of Texas (3rd), Texas A&M (37th), Texas Tech (tied for 75th) and Baylor (tied for 75th) as the only Texas institutions ranked.

“This recognition further underscores our commitment to innovation and the impactful research taking place at UH,” says Ramanan Krishnamoorti, vice president of energy and innovation at UH. “It is a testament to the dedication and ingenuity of our faculty, researchers, and students who continue to push the boundaries of knowledge and drive positive change in our world through their hard work and inventive contributions.”

Since 2013, NAI has published a list of the top 100 patent-producing universities worldwide, and UH has made that list seven of the past eight years. This new list is meant to provide a more focused view of the national innovation landscape and the contributions made by U.S. academic institutions.

“As a U.S.-based national academy, it is important to us not only to showcase innovation happening on the broader world stage, but here at home as well,” says Jamie Renee, executive director of the NAI. “Invention has been part of the American experience since the country’s inception, with intellectual property being protected in the Constitution.”

NAI’s Top 100 lists are created using calendar year data provided by the United States Patent and Trademark Office. Top 100 placement includes all named assignees listed on the patent.

“Innovation has always been at the heart of U.S. culture and the Top 100 U.S. Universities list allows us to recognize and celebrate the commitment these universities have to the American tradition of invention and protection of IP,” adds Renee.

The National Academy of Inventors is a member organization comprising U.S. and international universities, and governmental and non-profit research institutions, with over 4,000 individual inventor members and fellows spanning more than 250 institutions worldwide.

It was founded in 2010 to recognize and encourage inventors with patents issued from the United States Patent and Trademark Office (USPTO), enhance the visibility of academic technology and innovation, encourage the disclosure of intellectual property, educate and mentor innovative students, and translate the inventions of its members to benefit society.

The NAI has a close partnership with the USPTO that is reflected in their joint mission to expand access to underrepresented individuals and institutions participating in the invention and innovation ecosystem.

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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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