The 3rd annual Energy New Venture Competition, held on March 15, 2016, enjoyed unprecedented success with its more than 60 applicants from around the globe, 14 competitors, 250 event attendees and an excess of $100,000 awarded in cash and in-kind prizes.
Congratulations to the winning teams in the concept and venture streams.
2016 Concept stream winners
- Aesop Technologies
- Invisible Predictions
2016 Venture stream winners
- Endeavor Technologies
- Interface Fluidics
2016 Concept stream competitors
Aesop Technologies - Norfolk, VA (USA)
Member: Nisha Witt
Aesop Technologies is a solar technology startup that provides products with convenience,
while promoting a healthier, cleaner environment. Aesop Nucleus, the company’s latest project, is a two-foot diameter solar concentrated dish that caters to residents and businesses that want to save money, time and energy. Regardless of the location, weather or terrain, Aesop Nucleus is the perfect alternative, compared to photovoltaic systems, that can provide maximum power at minimum costs.
BFH Corp (Bitcrude) - Calgary, AB (CAN)
Members: Cal Broder, Trish Gibson, Cathy Ward, Lisa Mueller
BitCrude™ is a new way to process, transport, store and profit from Alberta’s crude oil. This patent pending method of processing Alberta’s liquid crude oil (Western Canadian Select), turns it into the world’s only solid crude oil. It can be packaged and transported to global markets using existing worldwide infrastructure. The modified refining process produces value added products such as gasoline and diesel, only now with a much lower capital structure.
Invisible Predictions - Calgary, AB (CAN)
Members: Hamid Shaker, Hamidreza Zareipour, David Wood
Invisible Predictions is a cloud-based web platform. It provides real-time estimation and prediction of electricity generation from behind-the-meter solar photovoltaic systems for a neighbourhood to the national grid level. It is intended for power system operators, and generation and distribution companies with considerable solar photovoltaic capacity. The information is critical to tackle the challenges associated with significant growth of unmonitored solar photovoltaic systems in power systems.
Microbially Enhanced Thermally Engineered Oil Recovery - Calgary, AB (CAN)
Members: Casey Hubert, Milovan Fustic
METEOR BioTech develops technology and services for lowering greenhouse gas emissions intensity and increasing productivity from heavy oil and oil sands reservoirs. METEOR BioTech’s technology and expertise in reservoir characterization, petroleum geochemistry, field development and petroleum microbiology provides novel greener solutions for challenging reservoirs. This technology offers reductions to production cost, water consumption and steam-to-oil-ratio. METEOR is logical, scientific, easy to deploy, and a safe and cost effective solution for heavy oil developers dedicated to efficiency and
SMACK Energy Forecasting - Calgary, AB (CAN)
Members: Shane Fast, Charles Bird, Kyle MacInnis
SMACK Energy Forecasting, founded by five Engineering students, is a fast, accurate and robust wind power forecasting system. The system is designed from the ground up using the best technology available. Best-in-class advanced predictive algorithms are used to get the most accuracy using a large amount of data. The result delivers up-to-the-minute customized
predictions to utility companies and system operators who will find it invaluable towards grid reliability, system planning and risk mitigation.
Solar Biocells - Calgary, AB (CAN)
Members: Christine Sharp, Marc Strous
Solar Biocells has radically rethought biomass production, leading to an entirely new concept for the production of climate neutral fuels. Low costs and the simple nature of the process makes it possible to first produce an educational package targeting elementary schools. This enables students to extract CO2 from the atmosphere and produce biomass, while allowing Solar Biocells to demonstrate the value of the product to the world in a transparent way and ideally positioning it to move into industrial markets.
2016 Venture stream competitors
Aquatricity - Louisville, Colorado (USA)
Members: Adam Cahn, Jeff Lints
Aquatricity delivers a power and water control system that addresses the problems of energy and water scarcity faced by underserved communities worldwide. Our self-contained system combines and controls diverse and intermittent power sources such as solar, batteries and diesel in order to provide communities access to electricity and water (through water pumping, transportation and storage). The system optimizes the mix of renewable energy, delivering power at the lowest cost with the lowest carbon footprint. Aquatricity’s system also monitors and controls water pumps and water storage. It is an affordable, repeatable, drop-in solution.
Endeavor Technologies - Edmonton, AB (CAN)
Members: Brad Reiser, Josh Sallows
Endeavor Technologies delivers advanced computational modelling for the drilling industry. The first product, Drilling Safety Training Systems, utilizes real-time mathematical models packaged as a drilling simulator to deliver highly detailed and realistic scenarios for training users to conduct optimized drilling techniques for vertical and horizontal drilling jobs in a virtual jobsite. Rigs, well-control equipment, down-hole tools, formations and well plans are customizable to deliver the most advanced drilling simulation in the energy sector.
GEM Services: SmartMat - Calgary, AB (CAN)
Members: Tamara Holling, Wendy Patterson, Steve Fisher
GEM Services has revolutionized the industrial matting industry. SmartMat™ is our innovative mat tracking solution that was designed to solve the problems of access matting. With embedded RFID tags and GPS tracking, we are able to track the exact location of every tagged mat in the field, providing project information and analytics through an online platform.
Interface Fluidics - Calgary, AB (CAN)
Members: Stuart Kinnear, Tom de Haas
Interface Fluidics is an engineering laboratory services company specializing in microfluidic reservoir modelling and fluid characterization for the upstream oil and gas industry.
Oplii - Calgary, AB (CAN)
Members: Johan Rothzen, Rob Pittman, Jessica Hallam
Oplii is an operations management system that uses mobile and cloud technology to connect the office and the oilfield. This turn-key software solution enables oil and gas producers to reduce capital expenditures and increase operational efficiency with an easy-to-use and comprehensive suite of tools for managing sites, structures, equipment, pipeline, asset integrity, projects, work orders and more – all under the same roof. And with one of the most innovative digital inspection solutions on the market, Oplii extends into remote offline areas, allowing field users to conduct inspections, log work orders and administer projects via
smartphone or tablet.
Spectralog - Calgary, AB (CAN)
Members: Yannai Segal, Michael Stevens
Spectralog is advancing the science and practice of resource recovery through hyperspectral technologies – high-resolution, big data that can solve the industry’s most challenging technical problems, such as where and how to drill for maximum resource recovery with the lowest environmental impact. Backed by decades of world-class research experience, and proprietary hardware and software, Spectralog provides clients with full-service hyperspectral data acquisition and interpretation to maximize E&P asset value while minimizing costs and risks.
Zeel - Calgary, AB (CAN)
Member: Todd Luker
Zeel is using software to disrupt the pipeline integrity world by putting inspectors on the ground at a lower cost, helping them gather more useful information and get their engineers back to the tasks that have the most impact. Zeel has listened to customers’ needs and goes beyond just regulations and focus on social license, return on investment and profitability.