Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

SCHLUMBERGER LIMITED

(SLB)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Schlumberger :  Schlumberger New Energy Enters into Agreement with EnerVenue for Metal-Hydrogen Stationary Energy Storage Solutions

09/08/2021 | 08:07am EDT

 This strategic investment provides Schlumberger with access to the fast-growing stationary energy storage solutions market through differentiated technology

Schlumberger New Energy announced today an investment and collaboration agreement to deploy EnerVenue’s uniquely differentiated nickel-hydrogen battery technology, which is a key enabler of stationary energy storage solutions. Schlumberger New Energy and EnerVenue will work together to progress large-scale deployment of nickel-hydrogen battery technology across selected global markets.

Energy storage solutions are critical to the evolution of the energy mix as the energy transition demands greater contribution from renewable sources. The focus on expanding electrification is accelerating the need for large scale deployment of safe, cost effective, sustainable and reliable stationary energy storage solutions. There is a rapidly growing market for such solutions across utility-scale grid storage, off-grid commercial and industrial storage, and residential sectors.

“At Schlumberger, we’re eager to leverage our technology expertise and global footprint in introducing EnerVenue’s technology to this important emerging market,” said Ashok Belani, Executive Vice President, Schlumberger New Energy. “We are excited about the potential this technology holds for the energy transition.”

“Schlumberger New Energy will emerge as one of the long-term energy transition infrastructure leaders,” said Jorg Heinemann, CEO, EnerVenue. “We look forward to supporting Schlumberger’s new energy vision, and to working with the company to bring our battery technology to organizations across the world.”

About Schlumberger New Energy

Schlumberger is the world's leading provider of technology to the global energy industry. Schlumberger New Energy explores new avenues of growth by leveraging Schlumberger’s intellectual and business capital in emerging new energy markets, with a focus on low-carbon and carbon-neutral energy technologies. Its activities include ventures in the domains of hydrogen, lithium, energy storage, carbon capture and sequestration, geothermal power and geoenergy for heating and cooling buildings.

Learn more about Schlumberger New Energy: newenergy.slb.com

About EnerVenue

EnerVenue builds simple, safe, maintenance-free energy storage for the clean energy revolution – based on technology proven over decades in extreme conditions, now scaled for large renewable energy integration applications. The first to bring aerospace-proven metal-hydrogen battery technology into the clean energy revolution, EnerVenue provides an affordable alternative to lithium-ion batteries with capabilities well-suited to harsh-desert, remote project sites and to customers desiring ‘install and forget’ energy storage solutions. The company is headquartered in Fremont, California.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the U.S. federal securities laws — that is, statements about the future, not about past events. Such statements often contain words such as “expect,” “may,” “believe,” “plan,” “can,” “estimate,” “intend,” “anticipate,” “should,” “could,” “will,” “likely,” “goal,” “objective,” “potential,” “projected” and other similar words. Forward-looking statements address matters that are, to varying degrees, uncertain, such as projected demand growth for stationary energy storage solutions and nickel hydrogen battery technology; forecasts or expectations regarding the development of, or anticipated benefits of, EnerVenue’s nickel-hydrogen battery technology and other Schlumberger New Energy initiatives; and other forecasts or expectations regarding the energy transition and global climate change. These statements are subject to risks and uncertainties, including, but not limited to, the inability to recognize intended benefits from Schlumberger New Energy strategies, initiatives or partnerships; legislative and regulatory initiatives addressing environmental concerns, including initiatives addressing the impact of global climate change; and other risks and uncertainties detailed in the companies’ public filings, including Schlumberger’s most recent Forms 10-K, 10-Q and 8-K filed with or furnished to the U.S. Securities and Exchange Commission. If one or more of these or other risks or uncertainties materialize (or the consequences of such a development changes), or should underlying assumptions prove incorrect, actual outcomes may vary materially from those reflected in our forward-looking statements. The forward-looking statements speak only as of the date of this press release, the parties disclaim any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.


© Business Wire 2021
All news about SCHLUMBERGER LIMITED
10/18SCHLUMBERGER : TP Awards Schlumberger Sakarya Offshore Gas Field Phase-1 Contract
AQ
10/15Energy Stocks Gain Premarket Friday
MT
10/15SUBSEA 7 S A : Wins Major Contract With Turkish Petroleum
MT
10/15SCHLUMBERGER : Awarded Contract by Turkish Petroleum to Provide Services for Sakarya Gas F..
MT
10/15SCHLUMBERGER : TP Awards Schlumberger Sakarya Offshore Gas Field Phase-1 Contract Integrat..
PU
10/15SCHLUMBERGER : TP Awards Schlumberger Sakarya Offshore Gas Field Phase-1 Contract
PU
10/14WALL STREET STOCK EXCHANGE : Aha moment for markets
10/14SCHLUMBERGER : Oddo Securities Initiates Schlumberger at Outperform Rating With $44.50 Pri..
MT
10/14ANALYST RECOMMENDATIONS : Asos, Avis Budget, Meritage Homes, Kansas City Southern, UPS...
10/13SCHLUMBERGER : Wins 2021 Meritorious Awards for Engineering Innovation
PU
More news
Analyst Recommendations on SCHLUMBERGER LIMITED
More recommendations
Financials (USD)
Sales 2021 22 981 M - -
Net income 2021 1 794 M - -
Net Debt 2021 12 318 M - -
P/E ratio 2021 27,0x
Yield 2021 1,46%
Capitalization 47 770 M 47 770 M -
EV / Sales 2021 2,61x
EV / Sales 2022 2,22x
Nbr of Employees 86 000
Free-Float 97,4%
Chart SCHLUMBERGER LIMITED
Duration : Period :
Schlumberger Limited Technical Analysis Chart | SLB | AN8068571086 | MarketScreener
Technical analysis trends SCHLUMBERGER LIMITED
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 30
Last Close Price 34,16 $
Average target price 37,14 $
Spread / Average Target 8,72%
EPS Revisions
Managers and Directors
Olivier Le Peuch Chief Executive Officer & Director
Stephane Biguet Chief Financial Officer & Executive Vice President
Mark G. Papa Non-Executive Chairman
Demosthenis Pafitis Chief Technology Officer
Henri Seydoux Fornier de Clausonne Independent Director
Sector and Competitors
1st jan.Capi. (M$)
SCHLUMBERGER LIMITED55.75%47 770
HALLIBURTON COMPANY37.62%23 162
BAKER HUGHES COMPANY29.30%22 336
NOV INC.8.74%5 833
CNOOC ENERGY TECHNOLOGY & SERVICES LIMITED28.03%4 838
DIALOG GROUP BERHAD-11.59%4 128