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Energy Transition Ventures

Pursuing “Energy Without Compromise”

Nabors embraces energy innovation over energy exclusion.

We believe renewable energy and socially responsible hydrocarbons are required to realize a sustainable energy mix – a mix that is affordable, reliable and clean.

Our Investment Criteria

We invest in disruptive startups striving to make renewables clean, affordable, scalable and dispatchable – the kind of energy the world needs.

These technologies hold the potential to decarbonize power generation, heavy industry and other hard-to-abate sectors.

A Strategic Partner

Leveraging our competencies in automation, robotics, remote operations, engineering and manufacturing, our global customer base and worldwide supply chain, Nabors aims to accelerate the growth and commercialization of our portfolio companies. We also evaluate opportunities to introduce these technologies to lower emissions from our operations.

Better Together

Collaboration is the key to decarbonizing faster. Learn about our vision for the “Energy Hub of the Future” and how our ecosystem can work together to deliver greater impact.


Recognizing geothermal energy can play a key role in the energy transition and achieving net zero targets, Nabors is leveraging its global footprint, extensive knowledge of subsurface conditions and expertise in drilling and well construction to advance and accelerate geothermal technologies and projects globally.  To date, Nabors has partnered with four leading edge geothermal venture companies.

Energy Storage

As businesses accelerate the electrification of operations, the need for reliable, affordable, and environmentally responsible energy storage solutions is greater than ever before. To date, Nabors has made investments in advanced energy storage technologies, including batteries and ultracapacitors.

Concentrated Solar Thermal Power (CSP)

The challenge for traditional solar power is the need to provide 24/7, baseload dispatchable power safely and cost effectively. Vast solves these challenges with its advanced concentrated solar thermal power (CSP) v3.0 technology. Nabors sponsored a special purpose acquisition company (SPAC) known as “NETC” which combined with Vast in 2023 and took the company public on the NASDAQ stock exchange. Vast trades under the symbol, “VSTE.”