Chevron Technology Ventures
Chevron Technology Ventures is the corporate venture capital arm of Chevron Corporation, focused on scouting, funding, testing, validating, and integrating emerging technologies into Chevron's core businesses. Founded in 1999 and based in Houston, with a presence in California, it identifies early-stage companies across the United States and pursues opportunities in areas such as industrial decarbonization, emerging mobility, energy decentralization, circular economy, water management, advanced materials, hydrogen infrastructure, sensors, and related digital technologies. The team collaborates with startups to develop and commercialize technologies that can enhance Chevron's operations, reduce costs, and improve performance, acting as an innovation partner that helps Chevron adopt new capabilities while aligning with the company's strategy.
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Chevron Equipment Finance
Finance Broker
Christopher Powers
Vice President, Carbon Capture, Utilization and Storage (CCUS), New Energies (CNE)
Past deals in Fossil fuels
Strohm
Venture Round in 2024
Strohm is a private supply chain company specializing in the offshore wind-to-hydrogen sector. It manufactures fully bonded, thermoplastic composite pipes designed for various applications in the offshore oil and gas industry. Strohm's product offerings include downlines, well intervention hoses, jumpers, spools, offshore flowlines, and risers. These composite pipes are lightweight, high-strength, and corrosion-resistant, providing significant cost and operational advantages for clients engaged in subsea intervention and production activities. Through its innovative solutions, Strohm aims to enhance efficiency and reliability in the energy sector.
Malta
Venture Round in 2023
Malta is a developer of industrial-grade, grid-scale electro-thermal energy storage technology. The system captures energy from wind, solar, and fossil generators, converts electrical energy into thermal energy by creating a temperature difference, stores heat in molten salt, and reconverts it to electricity with a heat engine to be dispatched to the grid when needed. The technology enables long-duration energy storage, helping mitigate wind and solar curtailment and improve the matching of generation and demand, addressing bottlenecks in distribution and transmission and supporting affordable, reliable electricity on demand. Founded in 2018 and based in Cambridge, Massachusetts, Malta's solution targets grid operators and energy players seeking to balance supply and demand with grid-scale storage.
Strohm
Venture Round in 2022
Strohm is a private supply chain company specializing in the offshore wind-to-hydrogen sector. It manufactures fully bonded, thermoplastic composite pipes designed for various applications in the offshore oil and gas industry. Strohm's product offerings include downlines, well intervention hoses, jumpers, spools, offshore flowlines, and risers. These composite pipes are lightweight, high-strength, and corrosion-resistant, providing significant cost and operational advantages for clients engaged in subsea intervention and production activities. Through its innovative solutions, Strohm aims to enhance efficiency and reliability in the energy sector.
Strohm
Venture Round in 2022
Strohm is a private supply chain company specializing in the offshore wind-to-hydrogen sector. It manufactures fully bonded, thermoplastic composite pipes designed for various applications in the offshore oil and gas industry. Strohm's product offerings include downlines, well intervention hoses, jumpers, spools, offshore flowlines, and risers. These composite pipes are lightweight, high-strength, and corrosion-resistant, providing significant cost and operational advantages for clients engaged in subsea intervention and production activities. Through its innovative solutions, Strohm aims to enhance efficiency and reliability in the energy sector.
Malta
Series B in 2021
Malta is a developer of industrial-grade, grid-scale electro-thermal energy storage technology. The system captures energy from wind, solar, and fossil generators, converts electrical energy into thermal energy by creating a temperature difference, stores heat in molten salt, and reconverts it to electricity with a heat engine to be dispatched to the grid when needed. The technology enables long-duration energy storage, helping mitigate wind and solar curtailment and improve the matching of generation and demand, addressing bottlenecks in distribution and transmission and supporting affordable, reliable electricity on demand. Founded in 2018 and based in Cambridge, Massachusetts, Malta's solution targets grid operators and energy players seeking to balance supply and demand with grid-scale storage.
Texaco
Acquisition in 2000
Texaco, founded in 1901 in Spindletop, Texas, has evolved into a globally recognized brand in the petroleum industry. Initially marked by the discovery of oil by "Buckskin Joe" Cullinan, Texaco has since established itself as a significant distributor of petroleum products, including gasoline, through its extensive network of gas stations. The brand is noted for its innovative offerings, such as Texaco Fire Chief Gasoline, and has become a staple of American culture, with memorable marketing campaigns and endorsements that resonate with consumers. Committed to quality and performance, Texaco's products, bolstered by technologies like Techron, emphasize cleaning power and efficiency. The Texaco Star, its iconic symbol, remains a familiar sight for motorists across the country, reinforcing the brand's legacy while looking toward the future.
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