chevron technology ventures
what we do
Chevron Technology Ventures (CTV) champions the innovation, commercialization and integration of emerging technologies into Chevron. We pursue innovative business solutions and externally developed technologies that have the potential to improve Chevron’s base business operations and champion their deployment and adoption into Chevron.
a conduit for early adoption of emerging technology
Chevron is integrating emerging technologies into our business and CTV helps make that happen. We identify technology advances that could strengthen our core operations and lead Chevron to new opportunities for growth. Through our technology teams and venture capital group, we scan the globe for technologies that can yield strategic and financial value. We also look for pioneering startup companies whose technologies could enhance the way Chevron produces and delivers energy. CTV can invest in companies at any phase in the development cycle, from providing early-stage seed investment to offering capital for full-scale commercialization. Some technologies may be studied, and then shelved for future consideration.
We focus our search for innovation on six dominant technology streams:
- Water Management
- Production Enhancement
- Emerging Materials
- Power Systems
- Information Technology
- Subsurface & Base Business
Since 1999, Chevron Venture Capital has supported a wide range of companies and venture capital funds. Partner technologies are used across our upstream and downstream businesses, producing substantial earnings for the company.
Microfabrica is the industry leader in manufacturing of micrometer- and millimeter-scale metal components, subsystems, and devices with features measured in microns. The company breakthrough proprietary EFAB technology can create complex three-dimensional micron-precision metal structures with unprecedented flexibility.
Oxane is commercializing advanced ceramic proppants, which augment oil and gas production (rate and total recovery) and reduce the environmental impact of hydraulic fracturing. Oxane’s proppants travel deeper into oil and gas formations than conventional proppants and afford a highly conductive channel for oil and gas to flow to the wellbore.
Sample6 Technologies’ platform allows for the rapid engineering of bioparticles that cause bacteria to effectively “light up” when a specific bacterium is identified. The platform can be applied to a narrow set of bacterial strains or a panel of bacterial species, and can be used both for detection and antimicrobial applications.
Soane Energy is a specialty materials company that is developing and applying innovative chemistry based on polymers and surface science to help meet the worldwide “hunger for energy” in a practical, immediate, and environmentally responsible way. The company’s initial focus is on the oil sands market in Canada.
Apprion’s comprehensive industrial wireless application provides an open, scalable, and secure platform to monitor and manage multi-vendor wireless devices and applications. Their ION system is designed to help plant managers, engineers, and IT teams build systems that can provide the critical information necessary to ensure an industrial facility is running optimally.
Acumentrics’s solid oxide fuel cell (SOFC) is designed to be fuel-flexible and to operate at high temperatures to maximize efficiencies. Unlike many other types of fuel cells, SOFC’s require a negligible amount of precious metals and instead can be made out of ceramics. Besides SOFC’s, Acumentrics is an industry leader in selling rugged, uninterruptible power supplies for military, transportation and industrial applications.
Ensyn is a producer of renewable liquid fuels and renewable chemical products from wood residues. Rapid Thermal Processing, or RTP, converts residual biomass from the forest and agricultural sectors, as well as cellulosic-based, post-consumer wastes, to high yields of light liquids.
Inventys is the developer of energy and capital-efficient technology for capturing carbon dioxide from industrial flue gas streams. Inventys’ proprietary VeloxoTherm™ process is less than one-third the cost of existing post-combustion carbon dioxide capture technologies and will enable the widespread adoption of enhanced oil recovery and carbon sequestration.
Maana has developed a novel approach to representing and analyzing industrial knowledge mathematically. Maana’s patented Computational Knowledge Graph™ enables industrial companies to encode human expertise and data from across silos into digital knowledge that helps employees make better and faster decisions.
Moblize provides “Ready to Analyze” data from exploration to production compliant with new E&P standards to aide your decision making. Moblize’s data quality solution coupled with its “Factory drilling” analytics (used to manage wells by exception) ensures actionable information is available to decision-makers anytime, anywhere.
NSS Labs helps clients achieve a forward-looking perspective on IT security and manage cyber risk more effectively. With NSS Research, enterprises can make rapid business decisions about competing vendors, products and technologies. NSS Labs’ unique perspective and expertise are based on more than 2 million work-hours of real-world security product testing and provide crucial visibility into future market and technology trends.
Panzura delivers innovative products that take an application-centric rather than a network-centric approach to storage, termed Application Network Storage. By combining application logic with storage technology, Panzura is able to provide solutions that are faster, cheaper and more secure than traditional approaches to Tier 1 Storage. This architecture allows enterprises to save costs, significantly increase performance and secure mission-critical data via public or private cloud environments.
Veros Systems is a company that is commercializing a new type of enterprise software to improve the reliability of assets powered by electric motors. The Veros technology will enable operators to monitor the health of assets and make key decisions regarding “just in time” service scheduling.
Airborne is the manufacturer of thermoplastic composite pipe. The company provides oil and gas operators and service companies with premier composite pipe systems. It provides products such as
PanGeo Subsea delivers high resolution
Target Intervention is the manufacturer of fracture and intervention tools for oil and gas industry. The company offers a fully electric coiled tubing conveyed isolation tool for
Ziebel has developed a unique conveyance system based upon metal-encased fiber optics for measurement combined with carbon-fiber sheathing for strength and reduced weight. The Ziebel intervention technology can be used for continuous well-integrity monitoring, waste water disposal monitoring, detecting casing and packer failures, detecting water incursion, and perforation performance.
Zi-Lift Ltd. is developing innovative downhole pumps for the oil and gas production industry based on Permanent Magnet Motors coupled with the latest pumping and monitoring technology, which will deliver smaller size and higher efficiency than competitive technologies.
Arch Ventures Partners is a premier provider of seed and early stage venture capital for technology firms.
Element Partners is based in Philadelphia, Pennsylvania, with additional offices in Menlo Park, California. Founded in 2006, the company invests in products, services and technologies in the energy and power, water, environmental, materials and chemicals, and manufacturing and industrial sectors.
EnerTech Capital is based in Wayne, Pennsylvania. Founded in 1996, EnerTech Capital is a private equity firm that invests exclusively in service and technology companies emerging from, and capitalizing on, the reshaping of the energy, utility and telecommunications markets.
Nth Power is based in San Francisco, California. Nth Power is a leading venture capital firm dedicated exclusively to high-potential investments resulting from the restructuring of the global energy industry.
Oxford Biosciences provides equity financing and management assistance to emerging, entrepreneurial-driven companies within the life sciences and healthcare sectors.
RockPort Capital Partners is located in Boston, Massachusetts. RockPort Capital Partners is dedicated to investing in and supporting the most promising entrepreneurs and technologies in the energy and power, advanced materials, and process and prevention sectors.
Vanguard Ventures is a leading early-stage venture capital firm that helps entrepreneurs build pioneering technology and life science companies.
Here is a partial list of Chevron Venture Capital investments in firms which were acquired by other companies or had successful public offerings:
Downhole Injection Systems
investment areas of interest
Chevron Venture Capital searches for technologies that will enable Chevron to operate more efficiently, expand operations, or launch viable new businesses. We seek investment opportunities in these areas:
Oil and gas
Fuel processing, hydrocarbon processing, separation, catalysis, advanced exploration, downhole processing and communications, deepwater production and development, heavy oil upgrading, sensors, improved production, fuel additives and lubricants, automated production operations, processing facilities and infrastructure, water management and enhanced oil recovery.
Biofuels, energy efficiency and renewable energy technologies including solar, wind and wave/current.
Nanotechnologies, advanced ceramics and polymers, specialty chemicals and coatings.
Communications and networking
Wireless communications and advanced networking infrastructure to support industrial and remote operations.
Hardware and software innovations.