We're thrilled to announce a definitive agreement for a business combination with Nabors Energy Transition Corp that would make e2Companies a public company! Nabors Energy Transition Corp is primarily sponsored by Nabors Industries, a leading provider of advanced technology for the energy industry and one of the world's largest drilling rig, services and technology providers. The transaction is expected to provide up to $400 million in gross proceeds to the new public company and values e2Companies at a pre-money equity value of $500 million, providing an attractive entry point for NETD shareholders. Learn more about our big news and this exciting new investment opportunity here: https://lnkd.in/gJBTJYsX
e2Companies
Electric Power Transmission, Control, and Distribution
Bonita Springs, Florida 1,345 followers
Our mission is to design solutions that deliver seamless resiliency and unprecedented value for our customers.
About us
e2Companies is a compliance products and services company with subsidiaries which broaden our scope, expertise, and capabilities. Since our founding in 2009, we have expanded our products, the extent of services, and our geographic footprint. We are the creator of the world's first Virtual Utility® and a leading provider of integrated solutions for power generation, distribution, and energy economics. We offer full indemnification for all of our products and services, including regulatory monitoring and reporting. e2 maintains measures to meet the regulatory compliance requirements for all clients. Most importantly, we back our work by utilizing SMEs and leading technology underwritten by risk management insurance.
- Website
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https://www.e2companies.com/
External link for e2Companies
- Industry
- Electric Power Transmission, Control, and Distribution
- Company size
- 11-50 employees
- Headquarters
- Bonita Springs, Florida
- Type
- Privately Held
- Founded
- 2009
- Specialties
- Mission Critical, Renewable Energy, Micro Grid, Energy Management, Virtual Utility, Path to Zero, Power Quality, Energy Storage, ISO 26000, DERS, Power Resiliency, and BESS Systems
Locations
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Primary
8901 Quality Rd
Bonita Springs, Florida 34135, US
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2116 W Townline Rd
Peoria, Illinois 61615, US
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Naas Co. Kildare W91 PXP3
Naas, IE
Employees at e2Companies
Updates
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Why did Nabors Industries decide to pursue a deal to take e2Companies public? In short, they're betting on a new energy future as the need for reliable power grows with new developments in AI and the increased push for electrification. Guillermo Sierra, VP of Strategic Initiatives at Nabors, sheds some light on the decision in this recent Bloomberg article on Financial Post: https://lnkd.in/geYHHS2n #Electrification #VirtualUtility #InvestorNews
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The AI boom is supercharging demand for massive data centers—but is the power grid ready? Grid connection requests for hyperscale data centers requiring over 300 MW of power are putting unprecedented strain on already overloaded networks. The Department of Energy reports lead times for these facilities range from one to three years, and securing clean power grid connections often takes even longer due to long interconnection queues. In other words, AI-driven innovation is already far outpacing the speed at which the power supply can expand. Our Virtual Utility® provides turnkey, on-site, conditioned power tailored for high-density computing without causing harmonics. There's no need for an interconnection agreement or extensive engineering. Our team of experts handles all of it so data centers receive the uninterrupted power they need without the grid bottleneck. Read more about the AI-driven data center power crunch here: https://lnkd.in/gHgh59wX Let’s power the future of AI without the wait! #DataCenters #AI #EnergyResilience #VirtualUtility #SustainableTech #GridSolutions
AI boom spurs Big Tech to build clean power on site
reuters.com
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The AI boom is supercharging demand for massive data centers—but is the power grid ready? Grid connection requests for hyperscale data centers requiring over 300 MW of power are putting unprecedented strain on already overloaded networks. The Department of Energy reports lead times for these facilities range from one to three years, and securing clean power grid connections often takes even longer due to long interconnection queues. In other words, AI-driven innovation is already far outpacing the speed at which the power supply can expand. Our Virtual Utility® provides turnkey, on-site, conditioned power tailored for high-density computing without causing harmonics. There's no need for an interconnection agreement or extensive engineering. Our team of experts handles all of it so data centers receive the uninterrupted power they need without the grid bottleneck. Read more about the AI-driven data center power crunch here: https://hubs.li/Q0376nxQ0 Let’s power the future of AI without the wait! #DataCenters #AI #EnergyResilience #VirtualUtility #SustainableTech #GridSolutions"
AI boom spurs Big Tech to build clean power on site
reuters.com
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In a recent interview with Thomas White of the Schwab Network following our announcement of an agreement to go public, our CEO, James Richmond compared e2Companies' Virtual Utility to adaptive cruise control on a vehicle for companies looking for an alternative to public utilities. He shared that a 45-day simulation with a Nabors Industries oil drill rig showed a 50% reduction in power generation, a 50% reduction in carbon emissions, and a 30% decrease in fuel costs. And it isn't just oil rigs; these savings are possible for data centers, manufacturers, commercial buildings, and others. The result? Better resiliency, better reliability, and better ESG numbers. Watch the interview here: https://lnkd.in/gRqyWCBY #EnergyTransition #GridModernization #VirtualUtility
e2Companies CEO on Energy Efficiency With A.I. | The Watch List| Schwab Network
schwabnetwork.com
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AI and energy are ushering in a new era, transforming the grid into a smarter, more reliable method for delivering the power we all need. AI helps predict when and where energy is needed, using real-time data to balance renewable energy sources, monitor demand, and even prepare for potential issues before they happen. At e2Companies, we combine AI-powered software with a team of experts who monitor weather conditions, market pricing and grid performance around the clock to help you optimize your energy mix. This gives you reliable, resilient power and the confidence to be prepared for anything. Learn more about how AI is changing power delivery: https://lnkd.in/enfQnMav
Why AI and energy are the new power couple – Analysis - IEA
iea.org
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e2Companies reposted this
Joint venture between #microgrid #electrification firm e2Companies @ Nabors Industries #energytransition unit will create new on-site power company publicly traded at the Nasdaq https://lnkd.in/gX2g7u3C
e2, Nabors Combining to Create Publicly Traded Firm Aimed at On-Site Electrification Projects
microgridknowledge.com
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e2Companies reposted this
Nabors SPAC, e2Companies $1B Merger to Take On-Site Powergen Public Nabors Industries’ blank check company will merge with e2Companies at a time when oilfield service companies are increasingly seeking on-site power solutions for E&Ps in the oil patch. https://lnkd.in/gjRBNyjp
Nabors SPAC, e2Companies $1B Merger to Take On-Site Powergen Public
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We're still celebrating our big news after yesterday's announcement of a definitive agreement with Nabors Energy Transition Corp (Nasdaq: NETD) that would result in e2Companies becoming a public company with a combined enterprise valuation of $770 million! In an exclusive interview with Bloomberg, Nabors Industries VP of Strategic Initiatives Guillermo Sierra shared more insight on NETD’s decision to pursue a business combination with e2. Our CEO, James Richmond, also shared what's driving companies to consider new options for powering their operations and how we're helping them create a more reliable, resilient energy future. Check out the story here, via Financial Post: https://lnkd.in/geYHHS2n #InvestorNews #GridModernization #VirtualUtility
Energy Manager E2 to Go Public Via SPAC at $500 Million Value
financialpost.com
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The U.S. Department of Energy's recent report highlights a significant surge in data center electricity consumption, with projected demand between 325 and 580 terawatt hours by 2028. Let's put that into perspective: ⚡ Data centers consumed 176 TWh in 2023—that’s more than the entire state of Florida used in a year! ⚡ If demand reaches 580 TWh by 2028, data centers would be using more electricity than the entire country of Japan. This rapid growth underscores the critical need for innovative energy solutions to support the expanding digital infrastructure. Our Virtual Utility® offers a turnkey approach, delivering continuous, conditioned power to data centers. By eliminating the complexities of traditional grid interconnections, we provide a faster, more efficient pathway to meet the escalating energy demands of the digital age. Read the report here: https://lnkd.in/gKG9ex4m #DataCenters #EnergyDemand #VirtualUtility #SustainableEnergy #e2Companies
DOE Releases New Report Evaluating Increase in Electricity Demand from Data Centers
energy.gov