Halliburton Labs has lately announced to be supporting energy innovation and has welcomed five startups into its collaborative ecosystem. The companies are 360 Energy, Cella, Espiku, Mitico and NuCube Energy. All the five companies are working on some groundbreaking solutions to meet challenges in the energy industry.
Addition of the startups reflects a shift in the energy industry towards balancing economic growth with environmental responsibility. 360 Energy is addressing long-standing issues including natural gas flaring. It turns wasted resources into revenue opportunities. It has established modular data centers at well sites to reduce flaring. It also creates a new value stream for resource owners. It is basically a solution that feels timely as well as essential as the industry is facing increasing scrutiny over environmental impact.
Cella is tackling carbon storage through its subsurface mineralization technologies. The approach is promising by combining scientific expertise with practical solutions. It could redefine the way industry views geological carbon storage and partnering with Halliburton Labs means leveraging resources as well as bringing ideas to life on a larger scale
The work of Espiku in water and mineral recovery stands out. It uses low-pressure thermal cycles and modular designs to address issues in water management. It has the ability of deploying solutions across diverse environments and this adds flexibility as well as scalability.
The carbon capture technology of Mitico is developed at Caltech and represents a step forward in making CO2 reduction accessible as well as affordable. It captures more than 95% of emissions from post-combustion sources and it is no small feat.
The modular nuclear microreactor of NuCube Energy adds another layer of innovation. It uses nuclear energy to meet decarbonization goals economically.
