Let Halliburton Labs help accelerate your company's growth into a cleaner energy future with world-class scaling capabilities
First Application Window Open: September 25, 2020 - Early November 2020
Finalist Pitch Day: December 11, 2020Apply
Unique Approach to World-Class Clean Energy Scaling
For decades, Halliburton has scaled engineered solutions for the global energy industry. Simply put, we know that energy requires scale. We recognize that a clean energy future requires many new innovations at scale. That is why we are helping entrepreneurs solve the scientific, technical, and logistical challenges to drive cleaner, affordable energy in the 21st century.
If you have been working on disruptive technology and are nearly market ready, funded (or fundraising), and have a strong team, we want to hear from you! See if you fit within one of the challenge areas we have identified.Our Commitment to Clean Energy
How might Halliburton Labs help...
Clean Energy Generation
Scale new energy, climate and sustainable technology companies in ways that improve adoption of solar, wind, wave, hydro, and many other clean energy sources so that the Levelized Cost of Energy (LCE) is competitive with incumbent sources?
Bring its scale, logistics and process resources to early stage companies that are advancing energy transmission and distribution technologies to build the grid of the future that will minimize losses and improve efficiency of clean energy sources?
Scale energy storage technology companies so that advances in density, longevity and cost lead to the adoption of more renewable energy sources?
Scale energy conservation companies so that less energy is wasted by industry, businesses and consumers?
Scale circular economy companies to reduce overall carbon footprint while making useful, cost-effective materials from low-value waste streams?
Other Clean Energy
Scale innovative companies that are developing sustainable businesses in ways that meaningfully change the energy industry so that our world has cleaner, efficient sources to enable future economic growth?
If selected into our 2021 cohort, we are dedicated to helping you prepare for further growth.
Global energy demands require many technologies working at scale. Developing tangible technologies like “deep tech” and “hard tech” is tough. We know it is even harder to deploy them at scale. Halliburton Labs brings world-class capabilities in order to help you scale world-changing solutions and usher in the energy system of the future.
If your company is selected to join Halliburton Labs, our world-class team with multi-disciplinary engineering, process technology, supply chain logistics, scaling and energy business acumen wants to get behind your business and truly accelerate you to the forefront of our changing industry.
Frequently Asked Questions
Why should my company apply to join Halliburton Labs?chevron_right
Halliburton Labs is a collaborative environment where early-stage clean energy companies that require technical and operational expertise, mentorship, access to sophisticated lab space and the ability to demonstrate their technologies can prepare for scale. Selected participants will:
- Receive hands-on coaching and mentorship from energy industry veterans
- Join an exclusive community of entrepreneurs, academics, and investors dedicated to ushering in the next generation of clean energy
- Achieve scale through use of Halliburton’s state-of-the-art research and manufacturing facilities, lab services, and preferred business network
- Access investors, industry contacts, and customers through Halliburton’s vast global network
- Access mentorship from Halliburton’s in-house experts on matters from technical R&D and testing to certification and manufacturing processes
- Have access to Halliburton’s breadth of professional services including supply purchases, manufacturing services, assembly and repair services and logistics services
How long can companies participate and what is the cost?chevron_right
Halliburton Labs is a 12-month program. In return for unparalleled access to facilities and energy industry experts, Halliburton Labs requires an equity ownership interest of 5% (modified SAFE). Time-based extensions may be considered on a case-by-case basis depending on the participant’s needs, commercial progress and availability. Participants will also pay a small monthly fee for the office and lab space (WIFI access, electricity, parking, etc.). Halliburton Labs provides an open and collaborative approach. There are no overreaching demands for intellectual property rights, rights of first refusal, or board/observer seats.
What is the selection process for interested companies?chevron_right
Halliburton Labs has an open application process with three cohorts selected annually. The Halliburton Labs team will collect general, non-confidential information from applicants and complete an initial review and identify finalists. These finalists will enter a due-diligence process with our team of experts, composed of individuals from across the venture capital, startup, finance, policy, business and academic communities. This process may include in-person interviews and reference checks, and culminates with a finalist pitch event in front of a hand-selected audience including the Halliburton Labs Advisory Board.
What are Venture Challenges and why are these so broadly worded?chevron_right
At Halliburton Labs, we are incorporating design thinking in our quest to help entrepreneurs deliver cleaner, affordable energy solutions. We use How Might We statements to describe our venture challenges because these suggest that solutions to our future energy world are not only possible but might be answered in a variety of ways. The challenges are broad by design, providing entrepreneurs with a breadth of focus areas where we can help scale companies. We are excited to see ventures that can scale into clean energy’s “next big thing.”
How does Halliburton Labs intend to address the issues related to the ongoing global pandemic (Covid-19)?chevron_right
The health and safety of our employees and guests is paramount. We continue to work with local and federal authorities to monitor the status of Covid-19 and have implemented safety measures including proper social distancing, additional cleaning and temperature checks for all who access campus. We will work with you and your team to address your specific needs within the bounds of the restrictions that are currently in place.
See Halliburton Covid-19 Response for additional information.
Do I have to move my whole company onto Halliburton Labs’ campus to participate effectively?chevron_right
No. Halliburton Labs is based in Houston, Texas, at Halliburton’s global headquarters, conveniently located near George Bush Intercontinental Airport. Participants should plan to have at least one employee on campus on a regular basis. Any relocation is at the discretion and financial responsibility of the participating company.
Can we reference the Halliburton Labs name and logo in our marketing and sales conversations?chevron_right
Yes! If selected into the program, we would love to be a public supporter of your business and have you benefit from the power of our brand. You are welcome to use our name and logo as permitted under a participation agreement, which covers the relationship between Halliburton Labs and your company.
What kind of mentorship will I receive from this program?chevron_right
Halliburton Labs employees and experts will be sharing our open innovation space with you and will be readily available to curate meetings and provide guidance throughout the program.
Additionally, there will be regular check-ins with Halliburton Labs’ leadership to review your progress, help refine your business, and explore solutions to your most pressing pain points.
What types of testing and R&D resources are available to us?chevron_right
As part of the program, you will have access to dedicated laboratory working space and curated use of our physical research and testing facilities, as outlined in your participation agreement. Additionally, our team can provide a broad range on-demand lab services and raw materials procurement (not for commercial production) at Halliburton’s preferred discounted rates.
How do I get access to Halliburton’s external network as part of the program?chevron_right
Halliburton has cultivated a deep network of industry experts, customers, and capital sources.
Throughout the program, the Halliburton Labs team will become a close collaborator with your team, working with you to determine the optimal timing and strategy to engage these connections in response to your team’s needs. The Halliburton Labs team will be regularly hosting a variety of networking events to facilitate ‘collisions’ and, where possible and appropriate, will assist to facilitate direct introductions to these external players.
How do I utilize Halliburton’s in-house experts?chevron_right
Halliburton has been a globally recognized leader in energy R&D and services for many decades with operations in countries around the world.
From technical to functional to geography expertise, we have employees and in-house specialists who can provide expert guidance on virtually any topic related to business. As necessary, the Halliburton Labs team will work with you to identify the experts you should talk to and facilitate introductions.
Will you work with our company for pilots or POCs as a customer?chevron_right
We currently do not anticipate any engagement on this level. By design, the objective of Halliburton Labs is to foster the next generation of clean energy companies, with concepts or ideas beyond what would be directly relevant to Halliburton’s existing services and activities.
Does Halliburton Labs provide capital investment to startups that are admitted to the program?chevron_right
We do not currently provide capital investments in any capacity.
What kind of business network will be available to participating companies?chevron_right
As participants scale their businesses, the participants will have access to internal Halliburton expertise in business planning, finance, human resources, marketing, supply chain and manufacturing, among others. They will also have access to Halliburton’s wide business network which could include suppliers, potential investors, the broader oil and gas community and more.