In 2021, the Equinor & Techstars Energy Accelerator has been entirely virtual. Over 150 mentors have participated, assisting the start-ups mature and grow.
On Demo Day, the start-ups presented their pitches to a global audience. Equinor Ventures signed a Letter of Intent (LOI) with f3nice, an Italian additive manufacturing company. (F3nice’s technology will source metal scrap and disused parts and convert this into metal powder, which can be used as input material for printing of new parts. Equinor will support a project to test and validate F3nice’s technology and business model).
In addition, Equinor Ventures awarded two Accelerator Prizes to Cnergreen and Ocean Access. (Cnergreen is commercialising a nanoparticle-based foam technology enabling cleaner hydrocarbon production. Ocean Access is developing a more reliable and cost-effective solution for accessing and gathering information from remote locations offshore). The companies will receive USD 50.000 each.