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Adena Power Joins Halliburton Labs

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Halliburton Labs has welcomed Adena Power to its collaborative environment for energy and climate ventures. Adena Power specializes in energy storage solutions for commercial, industrial, and utility markets using U.S. materials and manufacturing. Their sodium battery technology aims for lower costs, flexible duration, and enhanced safety compared to lithium-ion options. CEO Nathan Cooley highlights a 100 TWh opportunity in the U.S. grid, looking to scale with Halliburton Labs' support. Adena Power has had an impressive year, winning the National Renewable Energy Labs Industry Growth Forum’s People’s Choice Award and the U.S. Department of Energy’s MAKE IT Prize. Halliburton Labs manages the effort to aid early-stage energy tech ventures with its industrial experience and global business network. A Finalists Pitch Day event will be held on September 13, 2024, as part of Houston Energy and Climate Startup Week.

Halliburton Labs ha accolto Adena Power nel suo ambiente collaborativo dedicato a iniziative nel campo dell'energia e del clima. Adena Power si specializza in soluzioni di accumulo energetico per i mercati commerciali, industriali e dei servizi pubblici, utilizzando materiali e produzione statunitensi. La loro tecnologia delle batterie al sodio punta a ridurre i costi, offrire una durata flessibile e garantire una maggiore sicurezza rispetto alle opzioni con litio. Il CEO Nathan Cooley evidenzia un'opportunità di 100 TWh nella rete elettrica statunitense, mirando a scalare grazie al supporto di Halliburton Labs. Adena Power ha avuto un anno impressionante, vincendo il People’s Choice Award al National Renewable Energy Labs Industry Growth Forum e il premio MAKE IT del Dipartimento dell'Energia degli Stati Uniti. Halliburton Labs gestisce gli sforzi per supportare le iniziative tecnologiche energetiche in fase iniziale, grazie alla sua esperienza industriale e alla rete commerciale globale. Un evento di Pitch Day per i finalisti si terrà il 13 settembre 2024, nell'ambito della Houston Energy and Climate Startup Week.

Halliburton Labs ha dado la bienvenida a Adena Power en su entorno colaborativo para iniciativas de energía y clima. Adena Power se especializa en soluciones de almacenamiento de energía para los mercados comerciales, industriales y de servicios públicos utilizando materiales y fabricación de EE. UU. Su tecnología de baterías de sodio tiene como objetivo reducir costos, ofrecer una duración flexible y mejorar la seguridad en comparación con las opciones de iones de litio. El CEO Nathan Cooley destaca una oportunidad de 100 TWh en la red eléctrica de EE. UU., buscando escalar con el apoyo de Halliburton Labs. Adena Power ha tenido un año impresionante, ganando el People’s Choice Award en el Forum de Crecimiento de la Industria de los Laboratorios Nacionales de Energía Renovable y el premio MAKE IT del Departamento de Energía de EE. UU. Halliburton Labs gestiona los esfuerzos para ayudar a las iniciativas tecnológicas energéticas en etapa temprana con su experiencia industrial y red comercial global. Un evento de Pitch Day para los finalistas se llevará a cabo el 13 de septiembre de 2024, como parte de la Semana de Startups de Energía y Clima de Houston.

Halliburton Labs가 에너지 및 기후 사업을 위한 협력 환경에 Adena Power를 환영합니다. Adena Power는 미국의 자재 및 제조를 사용하여 상업, 산업, 유틸리티 시장을 위한 에너지 저장 솔루션을 전문으로 합니다. 그들의 나트륨 배터리 기술은 리튬 이온 옵션에 비해 비용 절감, 유연한 지속 기간 및 향상된 안전성을 목표로 하고 있습니다. CEO Nathan Cooley는 미국 전력망에서 100 TWh의 기회를 강조하며, Halliburton Labs의 지원을 받아 규모를 확장하고자 합니다. Adena Power는 놀라운 한 해를 보냈으며, 국가 재생 에너지 연구소 산업 성장 포럼에서 대중의 선택상을 수상하고, 미국 에너지부의 MAKE IT 상을 받았습니다. Halliburton Labs는 초기 단계의 에너지 기술 기업을 지원하기 위한 노력을 산업 경험과 글로벌 비즈니스 네트워크로 관리하고 있습니다. 최종 피치 데이 행사는 2024년 9월 13일 휴스턴 에너지 및 기후 스타트업 주간의 일환으로 개최될 예정입니다.

Halliburton Labs a accueilli Adena Power dans son environnement collaboratif dédié aux initiatives en matière d'énergie et de climat. Adena Power se spécialise dans les solutions de stockage d'énergie pour les marchés commerciaux, industriels et de services publics, en utilisant des matériaux et des fabrications américains. Leur technologie de batterie au sodium vise à réduire les coûts, à offrir une durée flexible et à renforcer la sécurité par rapport aux options au lithium. Le PDG Nathan Cooley met en avant une opportunité de 100 TWh dans le réseau électrique américain, cherchant à se développer avec le soutien de Halliburton Labs. Adena Power a connu une année impressionnante, remportant le prix du choix du public lors du Forum de croissance de l'industrie des Laboratoires nationaux d'énergie renouvelable et le prix MAKE IT du Département de l'énergie des États-Unis. Halliburton Labs gère les efforts pour soutenir les entreprises technologiques énergétiques en phase de démarrage avec son expérience industrielle et son réseau commercial mondial. Un événement de Pitch Day pour les finalistes se tiendra le 13 septembre 2024, dans le cadre de la Houston Energy and Climate Startup Week.

Halliburton Labs hat Adena Power in sein kooperatives Umfeld für Energie- und Klima-Initiativen willkommen geheißen. Adena Power spezialisiert sich auf Energiespeicherlösungen für kommerzielle, industrielle und Versorgungsmärkte und verwendet dabei Materialien und Fertigung aus den USA. Ihre Natriumbatterietechnologie zielt darauf ab, die Kosten zu senken, flexible Laufzeiten zu bieten und im Vergleich zu Lithium-Ionen-Optionen eine verbesserte Sicherheit zu gewährleisten. CEO Nathan Cooley hebt eine Chance von 100 TWh im US-Stromnetz hervor und strebt mit Unterstützung von Halliburton Labs nach Wachstum. Adena Power hatte ein beeindruckendes Jahr und gewann den People's Choice Award des National Renewable Energy Labs Industry Growth Forum sowie den MAKE IT Preis des US-Energieministeriums. Halliburton Labs verwaltet die Bemühungen, frühe Energie-Technologie-Unternehmen mit seiner branchenspezifischen Erfahrung und dem globalen Geschäftsnetzwerk zu unterstützen. Am 13. September 2024 findet ein Pitch-Day-Event für Finalisten im Rahmen der Houston Energy and Climate Startup Week statt.

Positive
  • Adena Power joins Halliburton Labs for support and operational expertise.
  • Adena Power's sodium battery technology offers lower costs and improved safety.
  • Adena Power is poised to capitalize on a 100 TWh energy storage opportunity in the U.S. grid.
  • Adena Power won the National Renewable Energy Labs Industry Growth Forum’s People’s Choice Award.
  • Adena Power was awarded the U.S. Department of Energy’s MAKE IT Prize.
Negative
  • None.

Halliburton Labs to support Adena’s scale-up; to hold finalists Pitch Day as part of Houston Energy and Climate Startup Week

HOUSTON--(BUSINESS WIRE)-- Halliburton Labs welcomes Adena Power, the newest company to join its collaborative environment for energy and climate ventures. Adena Power develops energy storage solutions for behind-the-meter commercial, industrial, and utility markets that use U.S. raw materials and manufacturing. Their innovative sodium battery technology targets unmet needs in these markets for lower installed cost, flexible duration, and safety relative to lithium-ion options.

"There is a 100 terawatt-hours (TWh) opportunity for energy storage in the U.S. grid," said Nathan Cooley, co-founder and CEO of Adena Power. "With Halliburton Labs’ support and operational expertise, Adena Power looks to accelerate scaling and take advantage of the high-growth market opportunity."

The announcement builds on an exciting year for Adena as the People’s Choice Award winner at the National Renewable Energy Labs Industry Growth Forum. They were also awarded the MAKE IT Prize (Manufacture of Advanced Key Energy Infrastructure Technologies) by the U.S. Department of Energy - an award aimed at the promotion of domestic manufacturing of critical energy technology components.

“We are pleased to welcome Adena Power to Halliburton Labs,” said Dale Winger, managing director of Halliburton Labs. “Our team is ready to collaborate with Adena to help them accelerate their growth to meet the demand for behind-the-meter storage solutions.”

Halliburton Labs harnesses Halliburton’s industrial experience, skilled workforce, and global business network to assist early-stage energy tech ventures to optimize their time and resources as they scale their business.

Join us: Finalists Pitch Day in September

Halliburton Labs invites energy and decarbonization industry innovators, startups, and investors to participate in the next Finalists Pitch Day in Houston on Friday, September 13, 2024. This event is part of Houston Energy and Climate Startup Week. It offers a unique opportunity to learn from startup finalists and exchange perspectives with leaders at the forefront of energy innovation.

Register here to be part of the experience and contribute to the future of sustainable energy.

About Halliburton Labs

Halliburton Labs is a collaborative environment where entrepreneurs, academics, investors, and industrial labs join to advance cleaner, affordable energy. Located at the Halliburton 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 Halliburton Labs. Connect with Halliburton Labs on LinkedIn and Instagram. Halliburton Labs is a wholly owned subsidiary of Halliburton Company (NYSE: HAL).

Investor Relations Contact

David Coleman

investors@halliburton.com

281-871-2688

Press Contact

Victoria Ingalls

pr@halliburton.com

281-608-8839

Source: Halliburton Labs

FAQ

What company recently joined Halliburton Labs?

Adena Power.

What type of technology does Adena Power develop?

Adena Power develops sodium battery energy storage solutions.

What are the advantages of Adena Power's technology compared to lithium-ion options?

Adena Power's technology offers lower installed costs, flexible duration, and improved safety.

What is the potential market opportunity for Adena Power's technology?

Adena Power aims to capitalize on a 100 TWh energy storage opportunity in the U.S. grid.

What awards has Adena Power won recently?

Adena Power won the National Renewable Energy Labs Industry Growth Forum’s People’s Choice Award and the U.S. Department of Energy’s MAKE IT Prize.

When is the next Halliburton Labs Finalists Pitch Day?

The next Finalists Pitch Day is on September 13, 2024.

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