![]() With operations in more than 15 countries, Nabors has established a global network of people, technology and equipment to deploy solutions that deliver safe, efficient and responsible energy production. Nabors Industries is a leading provider of advanced technology for the energy industry. With this support from Nabors, Natron is accelerating the rate at which it brings its Michigan factory online for the world's first mass production of sodium-ion batteries." Having the global power of Nabors backing us is a game-changer that expands access to the carbon reduction initiatives in the oilfield. Their investment dramatically accelerates Natron's entry into oil and gas markets. ![]() We are excited to add to our clean energy initiatives while leveraging our existing competencies and global scale to help accelerate the commercialization of this exciting technology within the oil and gas industry."Ĭolin Wessells, Ph.D., Natron Co-Founder and CEO, added: "We are excited to team up with Nabors. Following our investment in geothermal energy, emissions monitoring, and ultracapacitors, we now welcome Natron to our energy transition venture portfolio. Together, Natron and Nabors will target drilling operations where Nabors has already started to combine energy storage solutions with traditional fuel-powered generators to lower emissions and fuel consumption. ![]() Natron can provide a safe, cost-effective battery solution for various industrial applications. Petrello, Nabors Chairman, CEO and President, said: "As businesses accelerate the electrification of operations, the need for reliable, affordable, and environmentally responsible energy storage solutions is greater than ever before. Natron leverages existing lithium-ion manufacturing facilities for production, and its supply chain requires zero lithium, cobalt, copper, nickel, or other difficult-to-obtain minerals.Īnthony G. Natron's batteries, which store sodium ions in electrode materials based on Prussian blue materials, offer higher power density, longer service life, and unique safety characteristics over other battery technologies. Natron and Nabors are evaluating the introduction of sodium-ion batteries as an energy storage solution for drilling markets. Natron plans to use the funds to accelerate the production of its sodium-based battery technology at its Michigan facilities, concentrating on industrial power and energy transition markets. ("Natron"), a global leader in the manufacturing of sodium-ion batteries. ("Nabors") (NYSE: NBR), a leading provider of advanced technology for the global energy industry, today announced that it has invested $7 million in Natron Energy, Inc. HAMILTON, Bermuda and SANTA CLARA, Calif., J/PRNewswire/ - Nabors Industries Ltd. The Zacks Consensus Estimate for Vermilion’s 2022 earnings stands at $7.37 per share, which is an increase of approximately 192.4% from the year-ago earnings of $2.52.Provides $7 million to scale up production capacity for pioneering sodium-ion battery developer to tap emerging oilfield carbon reduction market You can see the complete list of today’s Zacks #1 Rank stocks here. Some other top-ranked stocks from the energy space that warrant a look include Vermilion Energy VET, BP BP and HF Sinclair DINO, each sporting a Zacks Rank #1 (Strong Buy). Nabors currently has a Zacks Rank #2 (Buy). The American multinational company - active across approximately 20 countries - primarily provides land-based and offshore drilling rigs that serve the oil and gas industry. is one of the largest land drilling contractors in the world, conducting oil, gas and geothermal land drilling operations. He also mentioned that the two companies together would target drilling operations where Nabors has already started to combine energy storage solutions with traditional fuel-powered generators to cut down emissions and fuel consumption. The President, CEO and chairman of Nabors, Anthony Petrello, stated that Natron could offer safe, cost-effective battery solutions for various industrial applications. Natron’s supply chain for materials does not need minerals like lithium, cobalt, copper and nickel, and it leverages existing lithium-ion manufacturing units for production. Natron's batteries, which store sodium ions in electrode materials based on Prussian blue materials, are said to have higher power density and longer service life than other battery technologies.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |