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- Halliburton Labs Welcomes Adena Power to Drive Energy Storage Innovation
Halliburton Labs Welcomes Adena Power to Drive Energy Storage Innovation
Slice of Energy Team
July 29, 2024
Key Highlights:
Adena Power develops innovative sodium battery technology for energy storage.
Halliburton Labs provides support to accelerate Adena Power's growth.
Adena Power targets lower costs and improved safety over lithium-ion batteries.
Award-Winning: People's Choice Award at NREL Industry Growth Forum.
Event: Finalists Pitch Day on September 13, 2024, in Houston.
Source (Business Wire)
Notable Quotes:
"There is a 100 terawatt-hours (TWh) opportunity for energy storage in the U.S. grid. With Halliburton Labs’ support and operational expertise, Adena Power looks to accelerate scaling and take advantage of the high-growth market opportunity."
“We are pleased to welcome Adena Power to Halliburton Labs. Our team is ready to collaborate with Adena to help them accelerate their growth to meet the demand for behind-the-meter storage solutions.”
Our Take:
The inclusion of Adena Power in Halliburton Labs' collaborative environment signifies a strategic move to bolster the energy storage sector. Adena Power’s sodium battery technology addresses critical gaps in the market, offering safer and more cost-effective solutions compared to traditional lithium-ion options. This partnership, reinforced by Halliburton’s extensive resources and expertise, positions Adena Power to rapidly scale and capitalize on the burgeoning energy storage market. As the demand for sustainable energy solutions intensifies, such collaborations will be pivotal in driving innovation and achieving significant advancements in the energy landscape.