STOCK TITAN

Halliburton Labs Welcomes Five New Companies to Accelerate the Future of Energy

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Positive)
Tags

Halliburton Labs has welcomed five innovative companies to its collaborative ecosystem: 360 Energy, Cella, Espiku, Mitico, and NuCube. Each company brings unique solutions to energy challenges:

- 360 Energy monetizes flared gas through modular data centers
- Cella focuses on subsurface CO2 mineralization
- Espiku develops water and minerals recovery from brines
- Mitico offers CO2 capture technology with 95% efficiency
- NuCube develops modular nuclear microreactors for electricity and heat

The companies will receive support from Halliburton's practitioners and business network to advance their commercialization efforts. Additionally, Halliburton Labs announced its next Finalists Pitch Day in Denver on March 26, 2025.

Halliburton Labs ha accolto cinque aziende innovative nel suo ecosistema collaborativo: 360 Energy, Cella, Espiku, Mitico e NuCube. Ogni azienda offre soluzioni uniche alle sfide energetiche:

- 360 Energy monetizza il gas flaring attraverso centri dati modulari
- Cella si concentra sulla mineralizzazione del CO2 sotterraneo
- Espiku sviluppa il recupero di acqua e minerali dalle salamoie
- Mitico offre una tecnologia di cattura del CO2 con un'efficienza del 95%
- NuCube sviluppa microreattori nucleari modulari per elettricità e calore

Le aziende riceveranno supporto dai professionisti e dalla rete commerciale di Halliburton per avanzare nei loro sforzi di commercializzazione. Inoltre, Halliburton Labs ha annunciato il suo prossimo Finalists Pitch Day a Denver il 26 marzo 2025.

Halliburton Labs ha dado la bienvenida a cinco empresas innovadoras en su ecosistema colaborativo: 360 Energy, Cella, Espiku, Mitico y NuCube. Cada empresa ofrece soluciones únicas a los desafíos energéticos:

- 360 Energy monetiza el gas quemado a través de centros de datos modulares
- Cella se enfoca en la mineralización de CO2 subsuperficial
- Espiku desarrolla la recuperación de agua y minerales de salmueras
- Mitico ofrece tecnología de captura de CO2 con una eficiencia del 95%
- NuCube desarrolla microreactores nucleares modulares para electricidad y calor

Las empresas recibirán apoyo de los profesionales y la red comercial de Halliburton para avanzar en sus esfuerzos de comercialización. Además, Halliburton Labs anunció su próximo Finalists Pitch Day en Denver el 26 de marzo de 2025.

Halliburton Labs는 협력 생태계에 다섯 개의 혁신적인 회사를 맞이했습니다: 360 Energy, Cella, Espiku, Mitico, 그리고 NuCube. 각 회사는 에너지 문제에 대한 독특한 솔루션을 제공합니다:

- 360 Energy는 모듈형 데이터 센터를 통해 기름이 타는 가스를 수익화합니다.
- Cella는 지하 CO2 미네랄화에 집중합니다.
- Espiku는 염수에서 물과 광물을 회수합니다.
- Mitico는 95% 효율로 CO2 포집 기술을 제공합니다.
- NuCube는 전기와 열을 위한 모듈형 원자로를 개발합니다.

이들 회사는 상업화 노력을 발전시키기 위해 Halliburton의 전문가들과 비즈니스 네트워크의 지원을 받게 됩니다. 게다가, Halliburton Labs는 2025년 3월 26일 덴버에서 다음의 Finalists Pitch Day를 발표했습니다.

Halliburton Labs a accueilli cinq entreprises innovantes dans son écosystème collaboratif : 360 Energy, Cella, Espiku, Mitico et NuCube. Chaque entreprise apporte des solutions uniques aux défis énergétiques :

- 360 Energy monétise le gaz brûlé grâce à des centres de données modulaires
- Cella se concentre sur la minéralisation du CO2 en sous-sol
- Espiku développe le recyclage de l'eau et des minéraux à partir de saumures
- Mitico propose une technologie de captage du CO2 avec une efficacité de 95 %
- NuCube développe des micro-réacteurs nucléaires modulaires pour l'électricité et la chaleur

Les entreprises recevront le soutien des professionnels et du réseau commercial de Halliburton pour faire avancer leurs efforts de commercialisation. De plus, Halliburton Labs a annoncé son prochain Finalists Pitch Day à Denver le 26 mars 2025.

Halliburton Labs hat fünf innovative Unternehmen in sein kollaboratives Ökosystem aufgenommen: 360 Energy, Cella, Espiku, Mitico und NuCube. Jedes Unternehmen bringt einzigartige Lösungen für Energieherausforderungen mit:

- 360 Energy monetarisiert abgefackeltes Gas durch modulare Rechenzentren
- Cella konzentriert sich auf die Mineralisierung von CO2 im Untergrund
- Espiku entwickelt die Rückgewinnung von Wasser und Mineralien aus Salzwassern
- Mitico bietet CO2-Abscheidetechnologie mit 95 % Effizienz an
- NuCube entwickelt modulare nukleare Mikroreaktoren für Strom und Wärme

Die Unternehmen werden Unterstützung von den Fachleuten und dem Geschäftsnetzwerk von Halliburton erhalten, um ihre Vermarktungsanstrengungen voranzutreiben. Zudem kündigte Halliburton Labs seinen nächsten Finalists Pitch Day am 26. März 2025 in Denver an.

Positive
  • Strategic expansion into clean energy technologies through five new partnerships
  • Diversification into multiple sustainable energy sectors (nuclear, carbon capture, water management)
  • Access to new revenue streams through innovative technologies
Negative
  • None.

Insights

This Halliburton Labs announcement, while showcasing interesting clean tech innovations, lacks immediate financial impact on HAL stock. The accelerator program, featuring five startups in carbon capture, nuclear energy and water management, represents HAL's long-term strategic positioning in energy transition but doesn't materially affect current operations or financials.

The selected companies address critical industry challenges like flare gas monetization (360 Energy), CO2 storage (Cella), water management (Espiku), carbon capture (Mitico) and nuclear power (NuCube). While these technologies could potentially transform energy markets, they're still in early development stages without immediate revenue potential for Halliburton.

HOUSTON--(BUSINESS WIRE)-- Halliburton Labs added five innovative companies to its collaborative ecosystem. The new cohort features 360 Energy, Cella, Espiku, Mitico, and NuCube. The companies will enter a vibrant environment to help advance their commercialization with support from Halliburton's practitioners and business network.

“We welcome these innovative energy startups,” said Dale Winger, managing director of Halliburton Labs. “We are eager to help these participant companies use their time and capital efficiently to progress new solutions that meet industry requirements for cost, reliability, and sustainability.”

360 Energy brings a new market for natural gas to the oil field. With its innovative In-Field Computing technology, 360 Energy captures flared or stranded gas and monetizes it through modular data centers. This provides a valuable solution for resource owners. "Upstream producers are eager for a real alternative to flaring," said Chris Alfano, founder and CEO of 360 Energy. "Our In-Field Computing technology reduces flaring and unlocks new revenue from natural gas. We are thrilled to join forces with Halliburton Labs to accelerate the reach of this much-needed solution and bring impactful change across the oil field."

Cella advances subsurface mineralization of carbon dioxide. The company’s end-to-end services, from resource assessment to proprietary injection technology, and monitoring techniques, provide valuable geologic carbon storage solutions. Cella aims to build its first field-scale pilot to demonstrate its novel approach to mineralization. Cella’s notable team uses industry-leading scientific and operational experience supported by advisors that pioneered the field of carbon mineralization in basalt. Co-founder and Chief Technology Officer Dr. Claire Nelson said, "Collaboration with Halliburton Labs enables us to leverage world-class experience and resources to scale our technology and bring our services to market. We're excited to demonstrate how our innovations can be easily integrated with existing, state-of-the-art subsurface technologies to enable rapid advancements in the field of geologic carbon storage."

Espiku develops solutions that advance water and valuable minerals recovery from brines and industrial produced water streams. With the use of low-pressure thermal cycles and a modular design, Espiku’s systems allow for rapid deployment in diverse environments that unlock the vast potential of domestic resources to support energy and material supply chains. "Espiku's innovations provide a critical pathway to a clean energy future to solve urgent water management issues for our customers,” said Tyler Manley, director of business development at Espiku. “We are excited to announce a strategic collaboration with Halliburton Labs that will expand our access to customer insights and operational expertise and accelerate our progress toward deployment at scale.”

Mitico offers innovative technology and services to capture carbon dioxide (CO2). Their patent-pending granulated metal carbonate sorption technology (GMC), originally developed and validated at Caltech, captures more than 95% of the CO2 emitted from post-combustion point sources (flue gases). This includes gas-fired power plants and boilers, as well as waste-to-energy and biomass-to-energy facilities. “Mitico can enable carbon capture, utilization, and storage (CCUS) as a service at a low cost,” said Clement Cid, co-founder and CEO of Mitico. “I am excited to collaborate with Halliburton Labs to accelerate scale up of supply chain and operational deployments of our innovative technology.”

NuCube Energy has a nuclear fission reactor under development. It will produce electricity and high-temperature heat for electrical and industrial markets. The modular microreactor enhances safety and lowers construction and operational costs. NuCube targets heat production at temperatures up to 1,100°C for industrial applications to offer cost-competitive electricity in remote areas. “At NuCube, our mission is to help our customers solve a major problem – how to use nuclear energy to economically meet decarbonization goals,” said Cristian Rabiti, co-founder and CEO of NuCube Energy. “The modular microreactor provides a novel solution to this complex problem. We’re excited to work with Halliburton Labs to utilize its supply chain and remote operations along with the modularization of our reactor’s design to accelerate deployment.”

Join us in Denver for our next Finalists Pitch Day

Halliburton Labs invites energy and decarbonization industry innovators, startups, and investors to participate in the Finalists Pitch Day in Denver on Wednesday, March 26, 2025.

The pitch day event will precede registration and the opening reception of the 30th annual National Renewable Energy Laboratory (NREL) Industry Growth Forum.

Finalists Pitch Day will include pitches from selected startups with the focus on the Future of Energy, Faster™. 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 experienced practitioners advance the future of energy faster. Halliburton Labs provides access to world-class facilities, a global business network, commercialization expertise, and financing opportunities 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

Cathy Hayek

pr@halliburton.com

281-871-3558

Source: Halliburton Labs

FAQ

What are the 5 new companies joining Halliburton Labs in 2024?

The five companies joining Halliburton Labs are 360 Energy, Cella, Espiku, Mitico, and NuCube, each bringing innovative solutions in energy technology.

How does 360 Energy's technology benefit HAL's oil field operations?

360 Energy's In-Field Computing technology captures flared or stranded gas and monetizes it through modular data centers, providing oil field operators with an alternative to flaring and new revenue streams.

What is Mitico's CO2 capture efficiency rate for HAL's operations?

Mitico's granulated metal carbonate sorption technology captures more than 95% of CO2 emissions from post-combustion point sources.

When is Halliburton Labs' next Finalists Pitch Day?

Halliburton Labs' next Finalists Pitch Day is scheduled for March 26, 2025, in Denver, preceding the NREL Industry Growth Forum.

Halliburton Company

NYSE:HAL

HAL Rankings

HAL Latest News

HAL Stock Data

22.90B
874.40M
0.45%
86.25%
2.51%
Oil & Gas Equipment & Services
Oil & Gas Field Services, Nec
Link
United States of America
HOUSTON