Equinor Picks 10 New Startups for Accelerator Program
Digital technologies serve as a primary theme of this year’s group, with a few environmentally conscious firms included in the mix.
Equinor has chosen its latest crop of 10 startups to participate in its Techstars Energy Accelerator program. The selected companies provide solutions related to the oil and gas industry, renewables, new business models, and digitalization.
The firms were selected from hundreds of applicants across 42 countries. Equinor, seed accelerator Techstars, and partnering firms Kongsberg and Capgemini Invent will provide a global network of experts to help expedite the startups’ work through an intensive, 13-week program.
The accelerator is hosted at Equinor’s Oslo offices. The startups arrive 9 September.
At the end of the program in December, the companies will present their solutions to Equinor, the partners, and other potential investors at a demo day. Eight out of 10 companies from the Techstars Energy class of 2018 signed deals with corporate partners, Equinor said.
Ten companies are selected each year as part of the accelerator program. Successful applicants are typically teams made up of 2–20 people, ranging from pre-product and pre-revenue to millions in revenue. Accepted companies receive up to $120,000.
Selected Startups for 2019
Offers a supply chain solution in which spare parts are delivered in a digital format, allowing for on-demand manufacturing of components on-site in or near real time.
Helps customers save energy and money while reducing environmental impact with next-generation fuel efficiency enhancements.
Boosts the lifetime value of battery-operated devices by managing battery performance with a digital twin.
Provides a centralized over-the-counter trading platform for energy traders in emerging markets.
Enables quick and accurate understanding of the subsurface with greater workflow efficiency through machine-learning exploration software.
Improves energy storage with safer, longer-lasting, less-expensive batteries.
Converts CO2 into high-value fuels and chemicals in a net negative carbon process.
Increases financial and carbon savings by managing and optimizing flexible electricity demand, connecting directly into customer premises.
Provides a turnkey solution for capturing industrial waste heat and heat from the earth and transforming it into value.
Digitally connects ship owners and charterers through a detailed-but-fast digital bidding process.