Halliburton Labs has selected a new group of companies to participate in its collaborative environment where entrepreneurs, academics, and investors come together to advance cleaner, affordable energy, the company said on Nov. 17. By joining Halliburton Labs, Helix Power, Icarus RT, SolvCor, and Strayos will gain access to industrial capabilities, technical expertise, and mentorship to scale their respective businesses.

“This strong group of companies further establishes Halliburton Labs as the place where innovative companies come together with technical and operational scaling resources to advance commercial success,” Dale Winger, managing director of Halliburton Labs, said. “We are excited to collaborate with the founders and their respective teams to support their clean energy solutions.”

Helix Power aims to provide high power, high cycle and short duration energy storage with its patented flywheel energy storage technology. Helix’s technology is designed to support both generation and long duration storage in multiple markets, including the power grid, rapid transit, and large ship-to-shore seaport cranes.

“Helix Power’s technology has the potential to be a core asset in the design of clean, efficient and resilient power systems worldwide,” Matthew Lazarewicz, Helix’s president and co-founder, said.

Icarus RT is working to develop a power boosting and energy storage technology to improve system performance and return on investment in commercial and utility scale solar photovoltaic systems. Icarus RT’s technology is designed to cool the solar panels, collect rejected heat, and convert the heat into additional power to improve system efficiency and output.

“New materials, new design and manufacturing techniques and a passionate, brilliant engineering team enabled us to achieve commercial readiness for the Icarus Quartet hybrid PV/T system. The Halliburton Labs scale up program is an important step forward to de-risk commercialization and enhance fund raising options,” Mark Anderson, Icarus RT founder and CEO, said.

SolvCor developed a patented technology platform to significantly improve heat transfer versus water for use in a wide range of industrial applications such as cooling systems and thermal storage. Adding SolvCor liquids to a chilled water-cooling system is designed to notably increase cooling capacity, improve energy efficiency, and reduce CO2 emissions. Anticipated applications of SolvCor’s technology include commercial buildings, district cooling, industrial process cooling, and data centers.

“Together with Halliburton's industrial capabilities, we are excited to accelerate the widespread deployment of SolvCor solutions to reduce global energy consumption and greenhouse gas emissions,” Ethan Novek, CEO of SolvCor Technologies, said.

Strayos helps mining and cement companies more efficiently extract raw minerals by adding artificial intelligence (AI) powered tools to certain essential steps of the mining value chain. Strayos applies visual sensing technology and AI software to model subsurface geology and enable optimal extraction plans, thereby increasing yields to reduce waste and carbon emissions. 

“The strategic collaboration with Halliburton Labs will allow us to expand the capabilities of our technology, and its global presence and industry leadership will help us scale our technology around the world and drive the future of more sustainable mining,” Ravi Sahu, Strayos CEO, said.

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