As we’ve seen throughout history, great collaborations have the power to change the world. (Hello, Wright Brothers. Is that you, Internet?) In the case of one collaboration, four of the Okla.’s largest energy leaders, along with PE firm Energy Innovation Capital (EIC) and the George Kaiser Family Foundation, have created a unique platform to incubate, seed, commercialize, and scale next-generation energy innovations. And who knows, maybe even change the world.
Reese Energy Consulting today is following the latest from Tulsa-based EIC Rose Rock, an early-stage VC Fund formed in 2016 that takes its name from the world’s most prolific outcropping of Rose Rocks found in Okla. With seven portfolio companies, the firm takes startups from concept to marketplace, targeting specifically those pioneering new energy tech that advances the energy transition, improves sustainability, and enhances operational efficiency of existing assets. Top dog Okla., investors include Devon Energy, ONEOK, Williams, and most recently Helmerich & Payne.
EIC Rose Rock has now announced its latest direct investment in Caltech-originated startup Fluid Efficiency, which has developed polymer materials for the midstream industry that increase pipeline efficiency, reduce explosiveness of fuels and oils, and decrease the amount of energy required to pump fluids across long distances. The company will relocate to Tulsa, where it will build a manufacturing center and work with ONEOK to deploy its products. Fluid Efficiency anticipates creating 10 to 20 local jobs by the end of next year.