ADNOC Awards $1M Piloting Opportunity to Revterra
London, 13 December 2023, (Oilandgaspress): – ADNOC has awarded a million-dollar (AED3.67 million) piloting opportunity to Revterra, a Houston-based producer of novel batteries made from recycled steel. The award follows a global competition by ADNOC, in collaboration with AWS, bp, Hub71, and the Net Zero Technology Centre, to find emerging climate tech innovations ready for scale.
The ADNOC Decarbonization Technology Challenge drew 650 applicants from across 50 countries. Applicants specialized in innovations including digital applications, carbon capture utilization and storage (CCUS), new energies, oil and gas emissions reduction and advanced materials for decarbonization, and nature-based solutions.
Musabbeh Al Kaabi, ADNOC Executive Director for Low Carbon Solutions and International Growth said: “ADNOC is leveraging partnerships and innovative climate technologies to accelerate our decarbonization goals and responsibly enable the energy transition. 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.”
Revterra was selected from among 10 finalists at an event in Dubai. As well as receiving up to $1 million (AED3.67 million) in piloting opportunities, they will gain access to facilities and expertise at the state-of-the-art ADNOC Research and Innovation Center in Abu Dhabi.
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