Energy Transition Ventures
Given Nabors’ large number of relationships with suppliers and customers driving the transition to clean energy, Nabors Energy Transition Ventures (NETV) has engaged in venture investment opportunities to enter several high growth potential markets in these emerging lower carbon energy markets. Initial targets include alternative energy sources such as geothermal and hydrogen, energy storage, emissions monitoring and carbon capture, including utilization and sequestration technologies.
Recognizing geothermal energy can play a key role in the energy transition and achieving net zero targets, Nabors is leveraging its global footprint, extensive knowledge of subsurface conditions and expertise in drilling and well construction to advance and accelerate geothermal technologies and projects globally. To date, Nabors has partnered with four leading edge geothermal venture companies.
As businesses accelerate the electrification of operations, the need for reliable, affordable, and environmentally responsible energy storage solutions is greater than ever before. To date, Nabors has made investments in advanced energy storage technologies, including batteries and ultracapacitors.