Halliburton Labs Welcomes Three New Companies to Its Energy Tech Accelerator

Rhea-AI Summary

Halliburton Labs has welcomed Matrix Sensors, Renew Power Systems (RPSi), and SunGreenH2 into its clean energy accelerator, aiming to foster innovation in sustainable energy. The program provides essential resources and expertise to help these startups achieve their commercialization goals more efficiently. Matrix Sensors develops advanced gas sensors while RPSi focuses on integrating renewable energy with grid systems. SunGreenH2 specializes in high-performance electrolyzer systems for green hydrogen production, enhancing energy sustainability. Their participation reflects Halliburton's commitment to clean energy solutions.

Positive

• Three innovative startups join Halliburton Labs' clean energy accelerator: Matrix Sensors, RPSi, and SunGreenH2.
• Matrix Sensors offers a groundbreaking gas sensor technology that eliminates the need for manual calibration, enhancing operational efficiency.
• RPSi aims to revolutionize renewable energy integration with advanced grid infrastructure solutions.
• SunGreenH2 focuses on producing low-cost green hydrogen, promoting sustainable energy practices.

Negative

• None.

Matrix Sensors, RPSi, and SunGreenH2 join the movement to bring on the future

HOUSTON--(BUSINESS WIRE)-- Halliburton Labs introduces Matrix Sensors, Renew Power Systems (RPSi), and SunGreenH2 as the newest participants in its clean energy accelerator.

The move is part of Halliburton Labs’ ambition to advance clean energy innovation. Halliburton Labs helps early-stage companies increase their attractiveness to prospective customers and investors by contributing expertise, connections, facilities, and more to help achieve strategic commercialization milestones with more efficient use of time and capital.

“Companies across the energy landscape are interested in scalable innovations that improve the cost, reliability, and sustainability of energy,” said Managing Director Dale Winger. “Our tailored program combines expert support, access to a global network, and the physical resources for participants to scale. We’re excited to help these companies accelerate their market traction.”

Matrix Sensors

Matrix Sensors uses a new class of gas-adsorbing materials known as metal-organic frameworks to develop the world’s first quantitative gas sensor on a chip. The touch-free technology enables advancements in sensor size, power, cost, and performance to address limitations of current gas sensor technologies, which require manual calibration every six months.

Matrix Sensors CEO Steve Yamamoto said, “With Halliburton’s global reach, we can apply our technology to some of the biggest problems facing the energy sector today, including CO₂ sensors for energy efficient buildings and methane sensors for leak detection.”

Renew Power Systems

RPSi is a U.S.-based, clean-tech company that develops hardware and software solutions that enable flexible and sustainable grid infrastructure. RPSi uses power electronics to connect renewable energy resources, such as wind and solar, with each other and the grid.

“Our mission is to help change the way the world generates and distributes energy,” said CEO Zach Emond. “With RPSi technology, a diverse range of domestic and global communities will benefit from the acceleration of renewable energy resources that work with new and existing grid infrastructure and improve access to affordable, sustainable, and resilient electricity.”

SunGreenH2

SunGreenH2 builds high-performance hardware for electrolyzer cells, stacks, and systems that increase hydrogen production, decrease energy use, and reduce platinum group metals use. The company supplies hardware components for alkaline and proton-exchange membrane electrolyzers. Its modular, high-efficiency anion exchange membrane (AEM) electrolyzer stack, which is being commercialized, uses renewable power to produce low-cost green hydrogen for industries, transport, and energy storage.

“We are excited to unlock the future of green hydrogen production. With the help of Halliburton’s engineering and manufacturing expertise, we plan to commercialize and roll out our product in major international markets,” said Tulika Raj, Co-founder and CEO.

The next Halliburton Labs Finalists Pitch Day is Friday, Jan. 27 from 9:30 a.m.-12:30 p.m. CT at The Ion in Houston. The event will include pitches from 10 innovative, early-stage energy tech companies. To attend or watch via online broadcast, please register here.

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/20230118005380/en/

Investor Relations Contact

David Coleman

investors@halliburton.com

281-871-2688



Press Contact

Amina Rivera

pr@halliburton.com

281-871-2601

 

Source: Halliburton Labs

FAQ

What companies have joined Halliburton Labs' clean energy accelerator?

Matrix Sensors, Renew Power Systems (RPSi), and SunGreenH2 have joined Halliburton Labs' clean energy accelerator.

What is the focus of Matrix Sensors in the Halliburton Labs program?

Matrix Sensors focuses on developing advanced gas sensor technologies using metal-organic frameworks.

How does Renew Power Systems (RPSi) contribute to clean energy?

RPSi develops hardware and software solutions to connect renewable energy resources with grid infrastructure.

What is SunGreenH2's role in the Halliburton Labs accelerator?

SunGreenH2 builds high-performance hardware for electrolyzer systems aimed at increasing hydrogen production.

When is the next Halliburton Labs Finalists Pitch Day?

The next Halliburton Labs Finalists Pitch Day is scheduled for January 27 from 9:30 a.m. to 12:30 p.m. CT in Houston.