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Liberty (LBRT) Invests in Sodium-Ion Battery Producer Natron
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Liberty Energy (LBRT - Free Report) — the North American oilfield services firm — recently declared that it has made an investment in Natron Energy. The California-based company, Natron Energy, specializes in manufacturing sodium-based batteries.
LBRT and Natron will work in partnership to introduce sodium-ion batteries as an energy storage solution to provide uninterruptible backup power for Liberty’s digiFrac electric frac pumps. According to Liberty Energy, digiFrac is the industry’s first purpose-built, fully integrated electric frac pump with high power density and considerably lesser emissions compared with others available in the market.
Natron’s sodium-ion batteries are anticipated to be used to maximize uptime and optimize generator utilization to make sure of a lower-emission footprint for power generation.
Natron intends to use the money to fast-track the production of its sodium-based battery technology, including industrial power and energy markets. The firm leverages its existing lithium-ion production facilities, and its supply chain requires zero lithium, cobalt, copper, nickel or other minerals that are challenging to source.
“Together, Liberty’s digiFrac and Natron’s batteries will advance environmental, social and corporate governance (ESG) goals of reducing emissions, maintaining high safety standards, and delivering a low total cost of ownership solution to Liberty’s customers,” commented Ron Gusek, president of Liberty Energy.
Liberty Energy (previously Liberty Oilfield Services) is a premier provider of hydraulic fracturing and other auxiliary services to onshore exploration and production companies in North America. Hydraulic fracturing is a method used to extract oil and natural gas by blasting underground rock formations with a mixture of water, sand and chemicals.
The Zacks Consensus Estimate for NexTier’s 2022 earnings stands at $1.35 per share, up about 413.9% from the year-ago loss of $2.81.
NEX beat the Zacks Consensus Estimate for earnings in all the trailing four quarters, the average being around 269.5%.
The Zacks Consensus Estimate for PBF Energy’s 2022 earnings stands at $19.31 per share, up about 872.4% from the year-ago loss of $2.50.
PBF beat the Zacks Consensus Estimate for earnings in all the trailing four quarters, the average being around 78%.
The Zacks Consensus Estimate for Marathon Petroleum’s 2022 earnings stands at $20.96 per share, up approximately 755% from the year-ago earnings of $2.45.
MPC beat the Zacks Consensus Estimate for earnings in all the trailing four quarters, the average being around 56.7%.
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Liberty (LBRT) Invests in Sodium-Ion Battery Producer Natron
Liberty Energy (LBRT - Free Report) — the North American oilfield services firm — recently declared that it has made an investment in Natron Energy. The California-based company, Natron Energy, specializes in manufacturing sodium-based batteries.
LBRT and Natron will work in partnership to introduce sodium-ion batteries as an energy storage solution to provide uninterruptible backup power for Liberty’s digiFrac electric frac pumps. According to Liberty Energy, digiFrac is the industry’s first purpose-built, fully integrated electric frac pump with high power density and considerably lesser emissions compared with others available in the market.
Natron’s sodium-ion batteries are anticipated to be used to maximize uptime and optimize generator utilization to make sure of a lower-emission footprint for power generation.
Natron intends to use the money to fast-track the production of its sodium-based battery technology, including industrial power and energy markets. The firm leverages its existing lithium-ion production facilities, and its supply chain requires zero lithium, cobalt, copper, nickel or other minerals that are challenging to source.
“Together, Liberty’s digiFrac and Natron’s batteries will advance environmental, social and corporate governance (ESG) goals of reducing emissions, maintaining high safety standards, and delivering a low total cost of ownership solution to Liberty’s customers,” commented Ron Gusek, president of Liberty Energy.
Liberty Energy (previously Liberty Oilfield Services) is a premier provider of hydraulic fracturing and other auxiliary services to onshore exploration and production companies in North America. Hydraulic fracturing is a method used to extract oil and natural gas by blasting underground rock formations with a mixture of water, sand and chemicals.
Liberty currently sports a Zacks Rank #1 (Strong Buy). Some other similar-ranked stocks from the energy space that warrant a look include NexTier Oilfield Solutions , PBF Energy (PBF - Free Report) and Marathon Petroleum (MPC - Free Report) . You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for NexTier’s 2022 earnings stands at $1.35 per share, up about 413.9% from the year-ago loss of $2.81.
NEX beat the Zacks Consensus Estimate for earnings in all the trailing four quarters, the average being around 269.5%.
The Zacks Consensus Estimate for PBF Energy’s 2022 earnings stands at $19.31 per share, up about 872.4% from the year-ago loss of $2.50.
PBF beat the Zacks Consensus Estimate for earnings in all the trailing four quarters, the average being around 78%.
The Zacks Consensus Estimate for Marathon Petroleum’s 2022 earnings stands at $20.96 per share, up approximately 755% from the year-ago earnings of $2.45.
MPC beat the Zacks Consensus Estimate for earnings in all the trailing four quarters, the average being around 56.7%.