Nabors(NBR) Prnewswire·2025-02-12 12:00Core Viewpoint - Nabors Industries Ltd. has entered into a business combination agreement with e2Companies LLC, aiming to enhance energy solutions through e2's AI-based Virtual Utility technology, which offers a comprehensive approach to power generation and grid stability [1][5][6] Company Overview - Nabors Industries is a leading provider of advanced technology for the energy industry, operating in over 20 countries and focusing on safe, efficient, and responsible energy production [8] - e2Companies is recognized as the first vertically integrated Virtual Utility for power generation, distribution, and energy economics, utilizing patented technology for automated grid stability [9][10] Strategic Collaboration - The collaboration between Nabors and e2 began last year, focusing on integrating e2's power solutions into Nabors' drilling operations, which will enhance energy reliability and autonomy for customers [6] - The business combination is expected to strengthen this partnership and support ambitious goals, including comprehensive electrification in oilfields [6] Market Positioning - e2's solutions are designed to operate behind-the-meter without needing a grid connection, making them suitable for critical industries such as data centers, manufacturing, oil and gas, and healthcare [3] - The increasing challenges to the global electrical grid and rising power demand, particularly from data centers, position e2 to capitalize on market opportunities [5] Technological Innovation - e2's R3Di® System provides continuous on-site power and seamless resiliency, independent of grid conditions, and includes features like instantaneous load shifting and AI-based cost optimization [9][10] - The automated platform is designed to adapt to future advancements in energy sources, including renewables and hydrogen, enhancing its long-term viability [10]