what could be

New Houston study shows health impacts of full vehicle electrification in major U.S. cities

Switching fully to electric vehicles could prevent 157 premature deaths each month in Houston. Photo courtesy

A new study from the University of Houston shows that there's no one-size-fits-all strategy for full vehicle electrification in America's largest U.S. cities.

The study by Ali Mousavinezhad and Yunsoo Choi considered changes in air pollution, specifically PM2.5 and ozone levels, in Houston, Los Angeles, New York and Chicago under different electrification scenarios and how the changes could impact public health.

“Our findings indicate vehicle electrification generally contributes to reducing greenhouse gas emissions, improving air quality, and lowering the mortality rate associated with exposure to toxic air pollutants,” Mousavinezhad said in a statement.

However, Mousavinezhad and Choi found that full electrification in Los Angeles could have negative impacts on public health.

Switching fully to electric vehicles could prevent 157 premature deaths each month in Houston, 796 deaths in New York and 328 in Chicago, according to the study. But in Los Angeles, full electrification would increase mortality.

Additionally, full electrification would save between $51 million to $249 million per day for New York, Chicago, and Houston in health-related costs. But Los Angeles would face economic losses of up to $18 million per day.

This was largely due to the unique weather and geography in Los Angeles that can trap air pollutants that harm the lungs. The study found that full electrification would lead to increases in PM2.5 and MDA8 ozone. According to UH, the study reveals the importance and "complexity of air quality management."

“The four largest U.S. cities have distinct anthropogenic sources of air pollutants and greenhouse gases, “Choi added. “Each city requires unique regulations or strategies, including different scenarios for the adoption of electric vehicles, to reduce concentrations of these pollutants and greenhouse gases effectively.”

Mousavinezhad, lead author, is a recent Ph.D. graduate from UH. Choi is a professor of atmospheric chemistry, AI deep learning, air quality modeling and satellite remote sensing. The study, titled “Air quality and health co-benefits of vehicle electrification and emission controls in the most populated United States urban hubs: insights from New York, Los Angeles, Chicago and Houston,” was published in the journal Science of the Total Environment earlier this year.

Earlier this year, Texas ranked low in a study that looked at the closest EV charging stations equivalent to a trip to the gas station. However, another study showed that Texas is among the top of the pack for states with the most electric vehicle registrations, but Houston fell behind other large metros in the state for EV friendliness. Click here to read more about both reports.

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A View From HETI

Fervo plans to sell 70 million shares of Class A common stock at $25 to $26 per share. Photo courtesy Fervo Energy

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.

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