advanced data sources,extracting actionable

intelligence and e�cientimplementation of assets

carbon monitoringand e�ciencies, lower

carbon operations, andleverage subsurface OC for

generation and storage

production enhancement, facilities optimization

and asset integrity

digitalizationoperationalenhancement

lowercarbon

technology ventures

core energy fundinnovation with the potential

to deliver superior performance ofcurrent assets, business and people

Ensyn produces biocrude from forestand agricultural residues using thermaltechnology. Designed for generation of foodingredients and natural chemicals, Ensynis expanding capacity to commercializeheating fuels and production of low-carbonfeedstocks for petroleum refineries.

Eavor technology uses the natural heat ofthe earth like a giant rechargeable battery.Fluids are heated by the earth and circulatedin a closed system of underground wellboresto produce a reliable and consistentenergy source.

Corvium enables remote monitoring andmanagement of food safety operationsby applying a proactive environmentalmonitoring platform to help global brandsand independent food suppliers improvefood safety and regulatory compliance.

Clarke Valve technology is designed to beone-fifth the weight, size, and cost of legacyindustrial control valves and has achievedstringent American Petroleum Institute 641certification for lowering methane emissionsfrom industrial facilities.

Cereus Downhole Technology developsultrasonic technology for the inspection ofoil wells and is used to measure wall thickness and cement bond of multiple casings in both gas and liquid environments.

Baseload Capital is an internationaldeveloper and operator of geothermal andheat power assets to enable a�ordable andrenewable baseload electricity.

Reach Production Solutions gas compressortechnology is intended to drive natural gasinto pipelines with lower infrastructurecosts and reduced fugitive emissions. Thetechnology deploys fewer moving parts withless vibration and noise, a variable pressureratio, and high-suction e�ciency.

Orbital Insight leverages AI and computervision to analyze petabytes of multisourcegeospatial data, including satellite andsynthetic aperture radar (SAR) imagery,location intelligence and vessel tra�cto monitor the earth’s geopolitical andeconomic activities.

Nubix microcontainer technology enablescontainerized applications and services tobe distributed to a wide variety of IIoT andedge devices. The application logic canbe redeployed without any changes to thecontainer OS, enabling smaller, faster andreliable device management.

Mission Secure provides control systemcybersecurity to organizations in the defense,energy and transportation industries whilemaintaining the benefits of a networkedenvironment that can be deployed andmanaged by non-IT professionals.

MicroSeismic provides completions evaluationservices for monitoring hydraulic fracturingoperations by listening from the surface tothe acoustic signals emitted from a reservoirduring and after stimulation in unconventionaloil and gas plays.

INGU technology is providing miniaturizedmobile sensors and screening tool thatdetects leaks, geometric defects, magneticanomalies and deposits in pipelines. Theself-service business model reducesinspection costs while strengtheningpreventive maintenance.

Foro Energy provides high-power lasersfor oil, natural gas, geothermal and miningindustry applications. Foro o�ers thecapability and hardware platform to transmitpower over long-distance fiber optic cables,enabling drilling, completion and workoverof wells.

Chevron Technology Ventures was launched in 1999 to identify and integrate externallydeveloped technologies and business solutions with the potential to deliver more a�ordable, reliable, and ever-cleaner energy. Our sixth core energy fund, launched in 2019, is investing $90 million in startups with technologies that have the potential to improve performancein our core oil and gas business.

core fund investments

www.chevron.com/technology/technology-ventures© 2021 Chevron Corporation. All rights reserved. Bluehouse 0707-1445053

Target Intervention manufactures a real-timecoiled tubing tool with electric downholemotors that operate packing elements,anchors and valves to enable industriesto benefit from real-time monitoring ofpressure, temperatures, mechanical forceand tool performance.

Svante technology captures carbon dioxideemissions directly from industrial sourcesat half the cost of its competitors. Thecompany is working toward commercializingthe capture technology and creating amarketplace for carbon dioxide.

Strohm delivered the first thermoplasticcomposite pipe (TCP) technology to theoil and gas industry in 2007, reducingtotal installed and life-cycle cost forsubsea flowlines, jumpers, and risers andreducing the carbon dioxide footprint ofpipeline infrastructures by 50%.

Silixa develops sensing systems for energyand security applications using intelligentdistributed acoustic and temperaturesensors that can be processed and usedin a variety of applications including flowmetering, acoustic imaging, and pipeline andperimeter monitoring.

Seeq’s analytics software is used byindustrial manufacturers and businesssystems to collect and analyze databy pulling numbers from sensors andinstrument systems to rapidly investigateand share insights.

Seikowave Advanced Visual Technology (SAVTEQ) is developing hardware and software solutions for advanced nondestructive testing (NDT) and inspection. Their application is the only handheld 3D NDT and when coupled with code-compliant analysis software, has the potential to provide a complete end-to-end inspection of oil & gas assets, bridges, airplanes, and infrastructure.

Ziebel technology deploys distributedfiber optic temperature and acousticmeasurements into a wellbore to informdecisions related to flow allocation, wellintegrity and well interference.

Worlds’ real-time, AI-powered technologyengine produces virtual models of industrialand commercial environments, providingdata and insights of the real world infour-dimensional space.

Well Conveyor manufacturers slim downholetractors to deploy sensing cables, loggingand light intervention tools to the toe ofhorizontal wells.

Veros Systems developed an industrialplatform that monitors the reliability andenergy e�ciency of electrically poweredrotating machines. Using data capturetechniques and machine learning algorithms,the platform delivers insight into operatingperformance and potential failures.

ThoughtTrace is a SaaS application that istrained to read like humans. The softwareseparates, classifies, and analyzes contractsand agreements accurately and e�ciently. Thisprovides quick and robust document insightsto manage obligations and integrate thatinformation into quick-cycle business planning.