Halliburton Labs Welcomes Seven New Companies - Seite 3

Marel CEO Amrit Vivekanand said, “We're thrilled to contribute to global climate sustainability. Our collaboration with Halliburton will accelerate the electrification transition across industries. Marel's technology not only maximizes heat evacuation from densely packed power semiconductors but, more importantly, offers substantial savings in cost, weight, size, and time, making it transformative in the evolving landscape of electrification.”

XtraLit is an Israeli company that develops a technology for direct lithium extraction from brines. The technology enables efficient and economically justified processing of brines even with relatively low lithium concentrations. Application of the extraction technology will allow mineral providers to unlock new significant sources of lithium that are critical to meet growing demand.

“Oil and gas industry produced waters might become a substantial resource for lithium production,” said XtraLit CEO, Simon Litsyn. “XtraLit will cooperate with Halliburton on optimization of produced water treatment for further increasing the efficiency of the lithium extraction process.”

The next Halliburton Labs Finalists Pitch Day is Thursday, March 14 in New Orleans in coordination with New Orleans Entrepreneur Week and 3rd Coast Venture Summit. Applications are open until Friday, February 9. The event will include pitches from innovative, early-stage energy tech companies.

About Halliburton Labs

Halliburton Labs is a collaborative environment where entrepreneurs, academics, investors, and experienced practitioners advance the future of energy faster. Halliburton Labs provides access to world-class facilities, global business network, commercialization expertise, and financing opportunities to help participants scale their business. Visit the company’s website at www.halliburtonlabs.com. Connect with Halliburton Labs on Twitter, LinkedIn and Instagram. Halliburton Labs is a wholly owned subsidiary of Halliburton Company (NYSE: HAL).

View source version on businesswire.com: https://www.businesswire.com/news/home/20231213127899/en/

The Halliburton Stock at the time of publication of the news with a fall of -0,75 % to 31,68EUR on Tradegate stock exchange (13. Dezember 2023, 09:40 Uhr).