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. Provides $7 million to scale up production capacity for pioneering sodium-ion batteryĭeveloper to tap emerging oilfield carbon reduction market Nabors Energy Transition Ventures (NETV).Nabors Energy Transition Solutions (NETS).Electric and Hydraulic iRacker ® System.
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