Big oil courts U.S. clean-energy startups in bid to speed green transition [Reuters]
ENI S.p.A. (E)
US:NYSE Investor Relations:
eni.com/en_it/investors.page
Company Research
Source: Reuters
By Liz Hampton 6 Min Read HOUSTON, Oct 5 (Reuters) - U.S. clean-energy startups are booming as oil companies are giving them more attention and cash in a bid to speed up their own green transitions. Investors want oil producers to accelerate a move away from fossil fuels by selling cleaner energy and developing technology to eliminate climate-warming gases. Entrepreneurs proposing to harness energy from offshore wind and waves, generate hydrogen from waste gas and build fuel storage networks from old wells are attracting attention from Big Oil. Oil companies are often partnering with and investing in new enterprises that have started at clean-energy incubators. Some oil firms have set up their own incubators and venture teams to find and fund greentech. U.S. oilfield services firm Halliburton works with eight clean-tech fledglings and is recruiting more for an in-house startup accelerator that provides each $100,000 in seed money. Baker Hughes is collaborating with incubator Greentow
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