Nabors Energy Transition Corp. focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities.

The company intends to identify solutions, opportunities, companies or technologies that facilitate, improve or complement the ongoing global energy sector's shift from fossil-based systems of energy production and consumption - including oil, natural gas and coal - to renewable energy sources, such as geothermal energy or hydrogen, which support the transition towards a low- or no-carbon emitting future and reduce greenhouse gas (GHG) emissions as energy consumption continues to rapidly grow, which is known as the 'energy transition'. Specific sectors on which the company intends to focus include alternative energy, energy storage, emissions reduction and carbon capture, utilization and sequestration (CCUS).

History

Nabors Energy Transition Corp. was founded in 2021. The company was incorporated in 2021 as a Delaware corporation.