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Nabors Expands Geothermal Platform With $35M Quaise Investment
Source: zacks.com
Energy Markets & PricesRenewable Energy TransitionCompany FundamentalsTechnology & Innovation
NBR invested $35 million in Quaise Energy, increasing its stake to 14% and reinforcing exposure to next-generation superhot geothermal drilling. The move is a positive signal for Quaise’s scale-up strategy, though it appears more company-specific than market-wide.
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