TULSA, Okla., Sept. 07, 2023 (GLOBE NEWSWIRE) -- EIC Rose Rock, an early-stage VC fund focused on energy technologies, today announced leading energy drilling solutions provider Helmerich & Payne (NYSE:HP) is the newest corporate investor partner participating in its platform. H&P joins energy leaders Devon Energy (DVN), ONEOK (OKE) and Williams (WMB) in investing in startups with technologies that advance energy diversification, improve sustainability, and enhance the operational efficiency of existing oil and gas assets while creating a positive regional economic impact.
Spearheaded by Energy Innovation Capital (EIC), EIC Rose Rock is a first-of-its-kind initiative that leverages the region's oil and gas heritage to attract, nurture and connect energy technology startups to corporate investment partners for pilot and commercial deployment opportunities to quickly validate and scale the nascent technologies.
"The EIC Rose Rock team has established a proven track record of helping to build energy tech startups," said David Clouse, managing director, EIC Rose Rock. "We're honored that H&P sees the value we've delivered in the initiative's first year and has committed to invest in our portfolio of disruptive companies as we build an energy tech ecosystem that benefits the region and the world."
The three-pronged Rose Rock platform includes:
- Rose ...