Halliburton Labs Selects Four Companies for Clean Energy Accelerator
July 01 2021 - 12:00PM
Business Wire
Alumina Energy, Ionada, Parasanti, and
SurgePower Materials join the industrial scaling program
Halliburton Labs today announced its second cohort, which joins
four companies already participating in its collaborative
environment to advance and scale cleaner, affordable energy.
Alumina Energy, Ionada, Parasanti, and SurgePower Materials will
receive access to a broad range of industrial capabilities,
technical expertise, and mentorship to scale their respective
businesses.
“We are excited to support and collaborate with this group of
early-stage, clean energy companies as they continue their
commercialization journey,” said Dale Winger, managing director of
Halliburton Labs. “Each has demonstrated a commitment to
accelerating their technologies, and we are eager to help them
innovate, develop and scale each company.”
Alumina Energy is designing and developing zero-carbon heat and
power solutions to address greenhouse gas emissions. The company’s
patented packed bed thermal energy storage technology is designed
to turn intermittent renewable energy resources into a reliable and
cost-competitive source of heat and power with a process that does
not add carbon emissions from its operation. “We are very excited
to join Halliburton Labs’ cleantech accelerator program and
collaborate with their experienced team to advance cleaner,
affordable energy,” said Sasha Braun Diamont, founder and CEO of
Alumina Energy.
Ionada offers a patented membrane contactor carbon management
system for small to mid-sized industrial emitters of up to 200,000
tons per year. Its containerized modular carbon capture system
provides a compact and cost-effective solution for the energy and
marine markets. "We are receiving tremendous interest from
industrial emitters around the world for modular carbon capture
systems. Halliburton Labs’ engineering, supply chain expertise and
global network provide the ideal launching platform for us to scale
our business to meet demand," said Edoardo Panziera, CEO of
Ionada.
Parasanti delivers a fully integrated solution to meet data
analytic challenges through edge computing hardware and software in
no and low bandwidth environments. "Parasanti could not be more
honored to be a part of the Halliburton Labs accelerator. With the
domain expertise and wealth of knowledge that Halliburton Labs
possesses, this accelerator will position Parasanti to leverage our
edge hardware and software technologies to enable new artificial
intelligence and machine learning solutions in the energy space,"
said Parasanti co-founders James Hancock and Joshua Seagroves.
Using its patented manufacturing process, SurgePower Materials
produces high-purity graphene from an abundant renewable raw
material. Scalable graphene production is a platform technology
with numerous industrial applications, including concrete,
electronics, renewable energy, and batteries with longer life,
faster charging and reduced size and weight. “Our goal is to make
SurgePower Materials the key enabler of the forthcoming graphene
age with plant-based graphene as an essential component of many new
technologies. Our strategic collaboration with Halliburton Labs
allows us to leverage their world-class engineering expertise to
rapidly scale our production and accelerate the adoption of new
graphene-based solutions,” said Dr. Michael Opoku, CEO of
SurgePower Materials.
In addition to these companies joining our accelerator program,
Halliburton Labs today announced that it is accepting applications
for its third cohort via its website, with applications due by
September 3, 2021.
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).
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