Today: Jul 20, 2024

Houston green tech startup wins million-dollar prize in worldwide sustainability battle!

7 months ago

Revterra, a Houston-based sustainability startup, has won a million-dollar piloting opportunity from ADNOC after participating in a global competition.

The ADNOC Decarbonization Technology Challenge, in collaboration with AWS, bp, Hub71, and the Net Zero Technology Centre, aimed to identify emerging climate tech innovations that are ready for scale. The competition received 650 applicants from 50 countries, with a focus on innovations in oil and gas emissions reduction, nature-based solutions, carbon capture utilization and storage, digital applications, new energies, and advanced materials for decarbonization.

Revterra, which produces novel batteries made from recycled steel, was chosen as the winner from among 10 finalists. The startup will receive a million-dollar piloting opportunity, as well as access to facilities and expertise at the ADNOC Research and Innovation Center in Abu Dhabi.

ADNOC, an Abu Dhabi-based oil company, is committed to reducing its carbon intensity by 25 percent by 2030. The company sees partnerships and innovative climate technologies as important tools in accelerating its decarbonization goals. By working with Revterra, ADNOC aims to unlock cutting-edge solutions that enhance efficiencies and further decarbonize its operations.

Revterra’s CFO, Patrick Flam, expressed excitement about the collaboration, highlighting that their environmentally friendly batteries are built using recycled steel and rotational energy storage technology. He looks forward to developing their solution further and deploying it across ADNOC’s operations.

This win for Revterra marks a significant achievement for the Houston-based startup and demonstrates the impact of their sustainable battery technology in the global market.