![]() ![]() 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. The two companies are evaluating the introduction of sodium-ion batteries as an energy storage solution for drilling markets. 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. “As businesses accelerate the electrification of operations, the need for reliable, affordable and environmentally responsible energy storage solutions is greater than ever before,” said Anthony G. 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. Nabors Industries has invested $7 million in Natron Energy, a developer of sodium-ion batteries.
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