Glori Energy Receives Investment from Energy Technology Ventures

Glori Energy, a Houston, TX-based developer of technology designed to help extract trapped oil from mature oil fields, has received an investment of undisclosed amount from Energy Technology Ventures.

The company intends to use the funds to accelerate the commercialization of its technology.
The AEROTM (Activated Environment for Recovery of Oil) provides producers with a low-cost option to cleanly and safely recover barrels of oil that are trapped in existing well reservoirs without having to drill new wells and bring them to market.

Led by CEO Stuart Page, Glori Energy has developed a methodology that introduces a customized mix of safe nutrients into waterflooded oil fields to stimulate the growth of indigenous microbes which temporarily modify the fluid pathways to redirect water and improve oil mobility.



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