NEWS & INSIGHTS | article
$1 Million Piloting Opportunity to Revterra in Decarbonization Technology Challenge Final
- Award to Houston-based producer of novel batteries from recycled steel follows global competition which attracted 650 climate tech start-ups from 50 countries
- Revterra to pilot its kinetic battery technology to support ADNOC’s efforts to advance climate technology solutions as it works towards net zero by 2045
ADNOC has awarded a million-dollar 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.
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.
Patrick Flam, Chief Financial Officer, Revterra, said:
“We are thrilled to win this opportunity. 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.”
Mark Anderson, Chief Acceleration Officer & TechX Director said:
“These pioneering start-ups are developing cutting edge solutions that can reduce emissions, and help propel clean, secure and affordable energy. They are a testament to the fundamental role innovators will play in the journey to net zero.
“At NZTC we are driving technology innovation to accelerate the energy transition to net zero and were delighted to partner with ANDOC on the delivery of their challenge.”
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