Three Companies Join Halliburton Labs Clean Energy Accelerator
23 Agosto 2022 - 9:00AM
Business Wire
AW-Energy, RedShift Energy, and Renkube
selected for industrial scaling program
Halliburton Labs today announced it selected three new companies
to participate in its collaborative environment to advance cleaner,
affordable, and reliable energy. As a Halliburton Labs participant,
AW-Energy, RedShift Energy, and Renkube will receive access to a
broad range of industrial capabilities, technical expertise, and
mentorships to scale their respective businesses.
“Halliburton Labs is excited to welcome AW-Energy, RedShift, and
Renkube to our clean energy accelerator,” said Dale Winger,
managing director of Halliburton Labs. “These new companies reflect
our view that numerous innovations at scale are important in the
evolution of energy systems. We are intrigued by the learning and
possibilities represented by the breadth of market applications and
geographies with participants based in Finland, India, and the
United States. We are eager to collaborate with these companies to
help them achieve their strategic, operational, and financial
milestones.”
AW-Energy harnesses the potential of ocean waves with its
WaveRoller® technology. WaveRoller is an oscillating wave surge
converter designed to convert kinetic energy from waves into
electricity. AW-Energy aims to produce reliable, predictable
electricity when it is most needed and can provide the most value.
“With the technology already certified and deployed at commercial
scale, we are excited to access Halliburton’s global network and
engineering expertise to develop our first series of wave farms,”
said AW-Energy CEO Christopher Ridgewell.
RedShift Energy uses plasma energy to produce hydrogen from
hydrogen sulfide. The company’s modular technology is designed for
economic applications across the petroleum value chain including
unlocking trapped reserves upstream and recycling hydrogen
downstream. “RedShift’s hydrogen technology has the potential to be
a key feature in energy transition,” said CEO Howard Nelson.
“Joining Halliburton Labs will accelerate commercialization with
the help of their broad expertise, supply chain experience, and
world-wide network,” added co-founder and Chief Scientist Alex
Gutsol.
Renkube developed an innovative glass designed to harvest light
that lowers the cost of solar energy generation. The patent-pending
glass is used on solar panels to track sunlight like a sunflower
but without any movement. "We are excited to be part of the
Halliburton Labs accelerator. We intend to leverage Halliburton’s
deep industrial expertise in manufacturing and operations as we
roll out our product for commercialization," said Balaji
Lakshmikanth Bangolae, founder and CEO, Renkube.
Halliburton Labs is now accepting applications for its next
group of participants. Applications are accessible via the
Halliburton Labs website and are due by August 31, 2022. Please
register here to attend the upcoming Finalists Pitch Day on
September 28, 2022.
ABOUT HALLIBURTON LABS
Halliburton Labs is a collaborative environment where
entrepreneurs, academics, investors and industrial labs join to
advance cleaner, affordable energy. Located at Halliburton
Company’s headquarters in Houston, Texas, Halliburton Labs provides
access to world-class facilities, operational expertise, practical
mentorship and financing opportunities in a single location 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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