![]() ![]() 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: “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:Īs 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.
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