Chevron Studio Fellowship

Chevron Studio is a company-creation program developed by Chevron Technology Ventures and NREL. It matches entrepreneurs with early-stage technologies from national labs and universities, then supports them through Discovery, Scale-Up, and Field Trial phases.

Chevron Studio focuses on lower-carbon and energy-transition technologies from labs and universities, including carbon utilization, hydrogen and renewable energy, energy storage, circular economy, wireless power, and robotics.

Designed for Founders, Operators, Researchers. The program is hybrid. Participation is generally full time.

Applicants enter as individuals and choose curated IP from approved Technology Partners, including NREL, other national labs, and universities.

Applicants apply to Discovery, choose curated IP, evaluate the technology, develop business and scale-up plans, submit a final report, and pitch the Joint Steering Committee for advancement.

Discovery lasts three months and supports IP evaluation, business planning, commercialization planning, and a pitch to the Joint Steering Committee. Selected entrepreneurs receive financial and technical assistance.

The program operates through three distinct phases:

Phase 1 - Discovery Phase: Evaluate selected intellectual property from partner labs/universities, develop business plans, and validate assumptions.

Phase 2 - Scale-Up Phase (12-24 months): Form company around selected technology, scale technology, and prepare for next phase advancement.

Phase 3 - Field Trial Phase: Conduct field trials at Chevron or related facility and prepare for full commercialization.

Chevron Studio alumni have successfully commercialized technologies across energy, carbon reduction, and industrial sectors, achieving funding milestones and demonstrating technology viability.