The next generation of energy innovation

Dale Winger, Managing Director

Hart Energy ESG ConferenceMarch 31, 2021

2 © 2021 Halliburton Labs. All rights reserved.

Why do we exist?The energy system of the future will require many different technological advances to accelerate the development of clean energy solutionsThe future energy supply will come from many different sources in addition to hydrocarbons

Early-stage companies furthering the future of clean energy struggle with the following:

Technical and operational

expertise

Mentorship Access to critical “scaling resources”

(industry experts, lab space, R&D facilities)

Ability to demonstrate that they can scale their technologies

2 © 2021 Halliburton Labs. All rights reserved.

3 © 2021 Halliburton Labs. All rights reserved.

There exists a need for an open and collaborative environment that can support emerging companies furthering the future of clean energy

4 © 2021 Halliburton Labs. All rights reserved.

Accelerate clean energy technology by providing an

open, collaborative environment and access to

world-class industrial facilities and expertise

Open Application Process

One year experience

16-week structured curriculum

Cohort-based Program, 3x/year:

Jan, May, Sept

Hybrid virtual & on-premise capabilities

Advancing cleaner,

affordable energy

What is Halliburton Labs?

JOHN GROTZINGER Fletcher Jones Professor of Geology @ CaltechChief Scientist @ NASA Curiosity Mars rover missionScience Advisory Board Member @ Shell International Exploration and Production

REGINALD (REGGIE) DESROCHESHoward Hughes Provost @ Rice UniversityFellow @ American Society of Civil Engineers Presidential Early CareerAward for Scientists and Engineers

WALTER ISAACSONLeonard Lauder Professor of American History and Values @ Tulane. CEO @ Aspen Institute, Chairman @ CNN, Editor @ TIME. Author: Leonardo da Vinci; The Innovators; Steve Jobs; Einstein: His Life and Universe; Benjamin Franklin: An American Life; and Kissinger: A Biography

JEFF MILLERChairman of the Board of Directors, President, & Chief Executive Officer, HalliburtonAdvisory Board Chairman, Halliburton LabsAdvisory Council, Texas A&M University Dwight Look College of Engineering

DALE WINGERManaging Director, Halliburton LabsAdvisory Board Vice Chairman, Halliburton Labs

ADVISORY BOARD

VISION MISSION PROGRAM

5 © 2021 Halliburton Labs. All rights reserved.

What Makes Us Special

Receive hands-on coaching and mentorship from energy industry veterans

Access investors, industry contacts, customers, etc. through Halliburton’s vast global network

Achieve scale through access to Halliburton’s state-of-the-art research facilities, lab services, and preferred rates for supplies

Join an exclusive community of entrepreneurs, academics, and investors dedicated to ushering in the next generation of cleantech

Learn directly from Halliburton’s in-house experts on everything from technical R&D to internal audits to expanding into new geographies

6 © 2021 Halliburton Labs. All rights reserved.

What Are We Looking ForCURRENT PARTICIPANTS

OCO INC.Carbon dioxide-to-fomic acid conversion and commercialization technology

NANOTECH, INC.Thermal insulation and fireproofing nano-coatings

ENEXOR BIOENERGYOn-site bioenergy conversion systems for waste

MOMENTUM TECHNOLOGIESLithium battery recycling technology and rare earth recovery

6 © 2021 Halliburton Labs. All rights reserved.

SECTOR

CLEANER, AFFORDABLE ENERGY

HARDWARE / TANGIBLE TECHNOLOGY / PHYSICAL SCIENCE / “TOUGH TECH”

Generation Circular EconomyStorage Conservation

STAGE

EARLY STAGE

Preparing To Scale

Near Revenue

Proof Of Concept Complete

7 © 2021 Halliburton Labs. All rights reserved.

Illustrative Accelerator Company Profiles

• Franklin, Tennessee

• Manufactures an on-site, renewable energy solution

• Patented system converts organic, plastic or biomass waste in any combination into affordable, renewable power and thermal energy

• Collaborating with Halliburton’s manufacturing organization and global business network to meet demand for 2021 worldwide launch

• Richland, Washington

• Reaction uses renewable electricity, water, & carbon dioxide to make formic acid, which can be stored and transported like a conventional liquid hydrocarbon fuel

• Compact reactor converts formic acid into hydrogen for distributed fuel cell and industrial uses: zero-carbon chemicals, materials, and fuels

• Collaborating with Halliburton’s technology and industrial network to support build, deployment, and demonstration of a full-size commercial grade system, the next step towards industrial scale plant

Thank you