Nabors Invests $35 Million In Geothermal Tech
Nabors Industries invested $35 million in Quaise Energy, becoming its largest shareholder with 14% ownership. The investment supports Quaise's geothermal drilling technology, aligning with Nabors' strategy to expand into adjacent energy markets. Quaise's hybrid drilling platform aims to access deeper geothermal resources, potentially broadening the market for geothermal power and creating opportunities for Nabors' services.






