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Building new business

Photo: Ole Jørgen Bratland/Equinor

Finding ideas isn’t the problem. Scaling them up and making them into viable commercial business is the real challenge.

The energy transition creates multiple opportunities to develop and implement new technologies and incubate, then build new businesses for a more sustainable future.

We can’t do this alone, and so collaboration and partnerships are a vital part of how we work. We have some great examples of early phase business opportunities that can become profitable and significant businesses in the future.

Here, we use our competence and capabilities in creating and managing strategic partnerships to accelerate a new industry. Some examples of this are direct lithium extraction and 3D printing:

Direct lithium extraction

Direct Lithium Extraction is emerging as a lithium production method with a lower environmental footprint than traditional methods. Lithium can be extracted from lithium-rich saltwater typically from deep underground reservoirs.

After extraction of lithium, the saltwater is pumped back into the ground. Equinor has entered a strategic partnership with Standard Lithium to mature lithium projects in the USA.

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Video explaining direct extraction lithium from saltwater brines

3D printing

3D printing, or Additive Manufacturing (AM), is becoming a reality enabling industries to cut emissions, cost and time.

Equinor has partnered with several innovative companies, suppliers and energy companies in recent years to mature the technology to an industrial scale.

Press release: Equinor signs deals with startups from the Equinor and Techstars Energy Accelerator