Commercializing novel millimeter wave drilling systems to harness geothermal energy around the globe
Nabors Energy Transition Ventures
Advancing Energy Transition Businesses Globally
Given Nabors’ large number of relationships with suppliers and customers driving the transition to clean energy, Nabors 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 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 three leading edge geothermal venture companies and is continuing to explore a significant number of energy transition opportunities.