Avatar Innovations launches carbontech accelerator program
Canadian Manufacturing
Avatar anticipates this co-development model will help the energy sector build solutions capable of reaching net-zero emissions by 2050.
CALGARY — Avatar Innovations has launched its second CarbonTech accelerator, an introduction the company says represents an 85 per cent in the number of new technologies compared with the 2021 accelerator cohort.
Avatar says this group is comprised of 13 technology projects sponsored by industry and led by 58 representatives from 21 different oil and gas companies across Canada and the United States.
The 2022 cohort will work through a 20-week co-development process, supported by UCalgary and SAIT, with the final deliverable being an investable energy transition technology that will play a role in helping the industry achieve its net-zero targets.
The International Energy Agency’s Net Zero by 2050 analysis reportedly stated that half of the technology required to reach net-zero emissions does not yet exist. Furthermore, the industry would require annual investments of $4 trillion each year for the development of new technologies.
Avatar anticipates this co-development model will help the energy sector build solutions capable of reaching net-zero emissions by 2050.
The following 13 projects generated in the Avatar Program have been selected for inclusion in the Accelerator:
GOAT: 3rd generation carbon capture technology that can be used for point source emissions.
BlueMorph: Re-imagined water treatment process enabling new carbon capture opportunities for industrial emitters.
Rockstore: Accelerated rock mineralization technology for permanent carbon storage.
Vivent Bioprocess: Bio-technology that converts methane emissions.
Duat Bioreactors: Subsurface renewable natural gas technology.
TemCap: Membrane technology to reduce GHG intensity of stagnant bodies of water.
PaveWatt: Piezoelectrical power generating technology.
Connect: EV charging user data technology.
Ethox: Renewable solvent & hydrocarbon production technology.
BOR3AL: Blockchain technology for carbon offset markets.
Carbon38: Steel replacement technology using bitumen.
CO2Brew: Using everyone’s favourite drink to recycle carbon
GreenBox: GreenBox leverages existing activity of operations personnel, personal gas.
