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. 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.Ĭolin Wessells, Ph.D., Natron Co-Founder and CEO, added: "We are excited to team up with Nabors. 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
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