Three businesses have just joined Halliburton Labs, a Houston-based accelerator for clean energy startups.
The new members of Halliburton Labs are A-W Energy, a Finland-based startup whose technology converts ocean waves into energy; RedShift Energy, a Pennsylvania-based startup whose technology recovers hydrogen; and Renkube, an India-based startup whose technology aims to lower the cost of producing solar power.
Halliburton Labs says its participants enjoy access to technical expertise, mentorships, and other benefits.
“These new companies reflect our view that numerous innovations at scale are important in the evolution of energy systems. … We are eager to collaborate with these companies to help them achieve their strategic, operational, and financial milestones,” Dale Winger, managing director of Halliburton Labs, says in a news release.
Halliburton, a provider of energy equipment and services, launched Halliburton Labs in 2020. The accelerator, a wholly owned subsidiary of Houston-based Halliburton, is now sifting through applications for its next group of startups. Finalists will make presentations September 28 at a Halliburton Labs pitch day.
Here are details about the three new startups at Halliburton Labs.
AW-Energy’s WaveRoller technology harnesses kinetic energy from ocean waves to generate electricity.
“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,” says Christopher Ridgewell, CEO of AW-Energy.
RedShift Energy uses plasma energy to produce hydrogen from hydrogen sulfide. For instance, its technology unlocks trapped reserves downstream and recycles hydrogen upstream.
“Joining Halliburton Labs will accelerate commercialization with the help of their broad expertise, supply chain experience, and worldwide network,” says Alex Gutsol, co-founder and chief scientist of RedShift Energy.
Renkube developed a glass designed to harvest light in an effort to lower the cost of generating solar energy. The patent-pending glass is used on solar panels to track sunlight.
“We intend to leverage Halliburton’s deep industrial expertise in manufacturing and operations as we roll out our product for commercialization,” says Balaji Lakshmikanth Bangolae, founder and CEO of Renkube.