big win

Houston-based startup secures million-dollar prize after global competition

Revterra was selected from among 10 finalists receiving up to $1 million piloting opportunities. Photo via ADNOC

A Houston sustainability startup has secured a major win on a global scale.

Revterra, which produces novel batteries made from recycled steel, has been awarded a million-dollar piloting opportunity by ADNOC following a global competition.

The ADNOC Decarbonization Technology Challenge, in collaboration with AWS, bp, Hub71, and the Net Zero Technology Centre, sought to find emerging climate tech innovations that are ready for scale.

The contest drew 650 applicants from across 50 countries, and applicants specialized in innovations in oil and gas emissions reduction, nature-based solutions, carbon capture utilization and storage, digital applications, new energies, oil and gas emissions reduction and advanced materials for decarbonization.

At the event in Dubai, Revterra was selected from among 10 finalists receiving up to $1 million piloting opportunities. In addition to the $1 million, they will gain access to facilities and expertise at the ADNOC Research and Innovation Center in Abu Dhabi.

“We are thrilled to win this opportunity,” Patrick Flam, CFO of Revterra, says in a news release. “At Revterra, we have developed an environmentally friendly battery that doesn’t rely on metals like lithium, nickel, or cobalt. Instead, our 2MW batteries are built using recycled steel and rely on rotational energy storage technology to achieve maximum power with a minimal environmental footprint. I am excited to work with our new partners at ADNOC to further develop our solution and deploy it across ADNOC’s operations.”

ADNOC is accelerating the decarbonization of its operations and looks to reduce its carbon intensity by 25 percent by 2030.

“ADNOC is leveraging partnerships and innovative climate technologies to accelerate our decarbonization goals and responsibly enable the energy transition,” Musabbeh Al Kaabi, ADNOC executive director for Low Carbon Solutions and International Growth, adds in the release. “The ADNOC Decarbonization Technology Challenge supports this objective, and we congratulate Revterra for emerging victorious amongst very competitive submissions from around the world.

"We look forward to working with Revterra to unlock cutting-edge solutions that will enhance efficiencies and continue decarbonizing our operations,” he continues.

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A View From HETI

Houston-based Rice Alliance Clean Energy Accelerator, as well as Activate Global Greentown Labs, which each have Houston locations, will provide clean tech workshops at the DOE-backed event. Photo via Getty Images

A clean technology program backed by the Wells Fargo Foundation and co-administered by the United States Department of Energy's National Renewable Energy Laboratory has named three Houston organizations as recipients to an annual awards program.

The Wells Fargo Innovation Incubator, a $50 million program, announced its eighth cycle of IN2 Channel Partner Strategic Awards. The program is distributing $767,000 across 15 organizations within the Channel Partner network to create impactful workshops at the upcoming Camp Cleantech event in August at CSU Spur in Denver, Colorado.

Houston-based Rice Alliance Clean Energy Accelerator, as well as Activate Global Greentown Labs, which each have Houston locations, have been named among the awards recipients. The organizations will present workshops aimed at providing critical tools and insights for clean tech startups.

"We are celebrating this year's Strategic Award winners and looking forward to Camp Cleantech," says Robyn Luhning, chief sustainability officer at Wells Fargo, in a news release. "As the real economy demands more lower-carbon solutions, Wells Fargo continues to support the scaling of new solutions for a successful shift to a low-carbon economy."

Registration for the event opens May 1. A full itinerary is available online.

The selected participants represent IN²'s broader goals of diversity, equity, and inclusion, per the release.

"The significance of this year's awards goes beyond the recognition of innovation; it embodies a concerted effort to elevate collaboration and engagement across the board," adds Sarah Derdowski, IN² program director at NREL. "Through Camp Cleantech, we're setting a new standard in how we gather, inspire, and propel our community forward."

Around $435,000 of the funding will go toward select recipients who will receive additional follow-on funding to enhance and expand their workshop content and insights towards entrepreneurs in their local networks.

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