Halliburton Labs Welcomes Seven New Companies
13 Dezembro 2023 - 10:00AM
Business Wire
Companies join collaborative ecosystem to
accelerate innovative energy and climate ventures
Halliburton Labs announced Airovation Technologies, Ayrton
Energy, Cache Energy, CENS, Disa Technologies, Marel Power
Solutions, and XtraLit as the newest participants in its
collaborative environment.
This is part of Halliburton Labs’ ambition to advance energy and
climate innovation and help early-stage companies by contributing
expertise, connections, facilities, and more to help achieve
strategic scaling milestones.
“We are pleased to welcome these promising energy startups and
provide customized support to help them achieve their specific
priorities, accelerate commercialization, and increase valuation,”
said Managing Director Dale Winger. “Our experienced practitioners
and network will help these companies use their time and capital
efficiently.”
Learn more about the new participant companies and what they are
doing to advance the energy future.
- Airovation Technologies is advancing carbon capture and
utilization solutions to help hard-to-abate industries achieve
emissions reduction targets through its proprietary carbon
mineralization technology. By transforming point-source carbon
dioxide emissions into circular chemicals and building materials,
Airovation is developing a scalable pathway for industrial emitters
to decarbonize with multiple revenue streams. “Industrial emitters
are seeking economic ways to decarbonize,” said Marat Maayan,
Founder & CEO at Airovation Technologies. “We are excited to
accelerate our commercialization in the United States with
Halliburton Labs, leveraging their expertise, capabilities and
network."
- Ayrton Energy is developing liquid organic hydrogen
carrier (LOHC) storage technology to enable the large-scale,
efficient transportation of hydrogen over extended distances
without hydrogen loss and pipeline corrosion. Unlike conventional
methods, this storage technology provides a high-density hydrogen
storage medium without the need for cryogenics or high-pressure
systems. This improves the safety and efficiency of hydrogen
storage while enabling the use of existing fuel infrastructure for
transportation, including tanks, transport trucks, and pipelines.
“Our mission is to enable hydrogen adoption by solving the key
challenges in hydrogen storage and transportation,” says Ayrton
CEO, Natasha Kostenuk. “With Halliburton's strategic engineering
and manufacturing support, we can scale our technology, execute
pilot demonstrations and accelerate towards
commercialization.”
- Cache Energy is developing a new long duration energy
storage solution, which scales to inter-seasonal durations, through
a low-cost solid fuel. Once charged, the storage material stores
energy at room temperature, with near zero loss in time and can be
safely stored and transported anywhere energy is needed. “We are
strong believers of leveraging existing infrastructure and
expertise to fast track decarbonization goals,” said Arpit Dwivedi,
Founder & CEO of Cache Energy. “We look forward to this
collaboration and learning from Halliburton’s manufacturing and
operational expertise, as we scale our technology.”
- CENS develops enhanced dry dispersion technology based
on dry-treated carbon nanotubes that enable high energy density,
high power, and outstanding cycle performance in Li-ion batteries.
The technology is differentiated because it can be applied to any
type of Li-ion battery and its implementation can be seamlessly
integrated into the production line. “Our goal is to develop
ground-breaking technologies that will become disruptive
technologies to market at a massive scale,” said CEO Moshe Johary.
“With the help and vast experience of Halliburton Labs’ team, we
could achieve advancements in production capabilities while
extending our footprint in the market.”
- Disa Technologies provides solutions to the mining and
remediation industries. Disa utilizes patented minerals liberation
technology to more efficiently isolate target minerals and mitigate
environmental impacts to its users. Disa platforms treat a wide
array of critical minerals that are essential to the economy and
our way of life. Greyson Buckingham, Disa’s CEO and President
noted, “We are excited to have Halliburton’s support as we scale-up
our technology and deliver innovative minerals processing solutions
that disrupt industry best practices, enhance global resource
utilization, and benefit the environment and the communities we
serve.”
- Marel Power Solutions, a company led by seasoned
leaders in the automotive, semiconductor, and materials industries,
is innovating electrification through its novel power-stack
technology. These materials-efficient, quickly deployable, and
scalable power-stacks, encapsulating advanced cooling technology,
redefine power conversion in mobility, industrial, and renewables
spaces. Marel CEO Amrit Vivekanand said, “We're thrilled to
contribute to global climate sustainability. Our collaboration with
Halliburton will accelerate the electrification transition across
industries. Marel's technology not only maximizes heat evacuation
from densely packed power semiconductors but, more importantly,
offers substantial savings in cost, weight, size, and time, making
it transformative in the evolving landscape of
electrification.”
- XtraLit is an Israeli company that develops a technology
for direct lithium extraction from brines. The technology enables
efficient and economically justified processing of brines even with
relatively low lithium concentrations. Application of the
extraction technology will allow mineral providers to unlock new
significant sources of lithium that are critical to meet growing
demand. “Oil and gas industry produced waters might become a
substantial resource for lithium production,” said XtraLit CEO,
Simon Litsyn. “XtraLit will cooperate with Halliburton on
optimization of produced water treatment for further increasing the
efficiency of the lithium extraction process.”
The next Halliburton Labs Finalists Pitch Day is Thursday, March
14 in New Orleans in coordination with New Orleans Entrepreneur
Week and 3rd Coast Venture Summit. Applications are open until
Friday, February 9. The event will include pitches from innovative,
early-stage energy tech companies.
About Halliburton Labs
Halliburton Labs is a collaborative environment where
entrepreneurs, academics, investors, and experienced practitioners
advance the future of energy faster. Halliburton Labs provides
access to world-class facilities, global business network,
commercialization expertise, and financing opportunities to help
participants scale their business. Visit the company’s website at
www.halliburtonlabs.com. Connect with Halliburton Labs on Twitter,
LinkedIn and Instagram. Halliburton Labs is a wholly owned
subsidiary of Halliburton Company (NYSE: HAL).
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Investor Relations Contact David Coleman
investors@halliburton.com 281-871-2688 Press Contact Amina
Rivera pr@halliburton.com 281-871-2601
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