Halliburton Labs Selects Three Companies for Clean Energy Accelerator

Rhea-AI Summary

Halliburton Labs announces the addition of three companies—Chemergy, EVA, and Novamera—to its industrial scaling program aimed at advancing cleaner energy solutions. The selected companies will benefit from Halliburton Labs' technical expertise, industrial capabilities, and global network. Chemergy focuses on converting waste into green hydrogen, EVA develops drone infrastructure for global operations, and Novamera specializes in sustainable mining technologies. Halliburton Labs aims to accelerate these companies by providing mentorship and resources to achieve strategic milestones efficiently.

Positive

• Selected companies receive access to Halliburton's industrial capabilities and global connections.
• Chemergy focuses on converting waste into green hydrogen, addressing environmental challenges.
• EVA's solutions enhance scalability in the drone industry, promoting operational efficiency.
• Novamera's technology offers sustainable mining solutions, potentially unlocking value in mineral deposits.

Negative

• None.

Chemergy, EVA, and Novamera join the industrial scaling program

HOUSTON--(BUSINESS WIRE)-- Halliburton Labs today announced its next group of companies selected to participate in its collaborative environment to advance and scale cleaner, affordable energy. Chemergy, EVA, and Novamera will receive access to a broad range of industrial capabilities, technical expertise, and global network connections to scale their respective businesses.

“We are excited to help accelerate three innovative companies that emerged from our recent Finalists Pitch Day,” said Dale Winger, managing director of Halliburton Labs. “We will work closely with these founders and their teams to achieve strategic, operational, and financial milestones with the most efficient use of their time and capital. In less than two years, we’ve established productive new relationships with fifteen companies scaling solutions across a breadth of markets to expand our understanding of new value chains.”

Chemergy builds solutions to solve environmental and energy challenges. Its patented HyBrTec process is designed to convert wet organic and plastic wastes into green hydrogen, thereby eliminating the liability and consequences of the wastes by converting them into fuel. “We see a great opportunity to collaborate with Halliburton Labs’ industrial experience to ensure our systems can be installed and operated safely in communities to solve waste disposal issues, improve resiliency and sustainability, and produce cleaner fuel locally,” said Melahn Parker, president of Chemergy.

EVA is enabling scalability for the drone industry with its ground infrastructure and operating system solutions. With a presence on four continents, EVA’s drone-agnostic stations help customers perform inspections, make deliveries, recharge, and monitor remote operations without local manpower. “The Halliburton Labs ‘scalerator’ model comes at the right time for EVA as we accelerate commercialization. We’re excited about the ways Halliburton’s global market and industrial expertise will accelerate our trajectory,” said Olivier Le Lann, founder and CEO.

Novamera has developed a guidance technology that enables climate smart, surgical mining and unlocks value in certain mineral deposits found worldwide that are otherwise uneconomic due to their small scale and geometry. The company’s proprietary navigation tools and software work in conjunction with conventional large-diameter drilling equipment to extract ore and leave excess waste in the ground. Novamera Co-founder and CEO Dustin Angelo said, “We are pleased to join Halliburton Labs’ accelerator program. Their engineering expertise and business experience will help us accelerate the development of our technology and scale our business to bring a more sustainable method of mining to the world.”

Separately, Halliburton Labs is now accepting applications for its next group of participants. Applications are accessible via the Halliburton Labs website and are due by April 22, 2022, for the May 20 Finalists Pitch Day. Register here to attend the virtual Finalists Pitch Day.

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).

View source version on businesswire.com: https://www.businesswire.com/news/home/20220317005088/en/

For Investors:

David Coleman

Investor Relations

investors@halliburton.com

281-871-2688

For News Media:

Emily Mir

External Affairs

pr@halliburton.com

281-871-2601

Source: Halliburton Labs

FAQ

What companies joined Halliburton Labs' industrial scaling program in 2022?

Chemergy, EVA, and Novamera were selected to join Halliburton Labs' industrial scaling program.

What is Chemergy's focus in the Halliburton Labs program?

Chemergy is focused on converting wet organic and plastic wastes into green hydrogen.

How is EVA contributing to the drone industry?

EVA enables scalability by providing ground infrastructure and operating systems for drone operations.

What technology does Novamera develop?

Novamera has developed guidance technology for climate-smart, surgical mining.

When is the application deadline for the next group of participants at Halliburton Labs?

Applications are due by April 22, 2022, for the May 20 Finalists Pitch Day.