India, Feb. 12 -- Nabors Industries Ltd. (NBR) Wednesday announced a business combination agreement between Nabors Energy Transition Corp. II (NETD) and e2Companies LLC. The financial aspects of the deal are not revealed.
e2 is a AI-powered virtual utility that enhances grid stability with isolated power, seamless grid synchronization, and AI-driven cost optimization.
The partnership aims to electrify oilfields, leveraging Nabors' expertise and e2's power solutions. The company said the combination of solutions supplies a transformative approach to grid stability and sustainability.
Nabors operates in more than 20 countries, innovating energy solutions. e2's R3Di System ensures continuous power and ESG tracking.
NBR is currently trading...