Fundz

Nabors Invests In Ultra-Deep Geothermal Drilling Technology Innovator, Ga Drilling

PRIVATEMar 30, 2022

Round Type

Funding Round

HamiltonEnergySustainabilitySoftware

Description

Nabors Industries Ltd. ("Nabors" or the "Company") (NYSE: NBR) adds to its clean energy portfolio with a USD $8 million investment in GA Drilling, a.s. ("GA Drilling"). This strategic investment expands Nabors' commitment to deep-drilling technologies tapping super-hot, ultra-deep rock reservoirs.

Quick answer

GA Drilling raised an undisclosed amount in a Funding Round round, dated March 30, 2022. GA Drilling is based in Hamilton, Texas, United States.

How much did GA Drilling raise?
GA Drilling raised an undisclosed amount in a Funding Round round on March 30, 2022.
What does GA Drilling do?
GA Drilling, with its patented PLASMABIT® technology, offers a solution for a local and independent source of electricity, heating, clean water, and food production in an unstable world.
Where is GA Drilling based and how big is it?
GA Drilling is based in Hamilton, Texas, United States.

Source: Fundz verified event record.

Who else raised in Energy and Sustainability around the same time

Companies in the same sectors as GA Drilling that raised within 45 days of this round, from Fundz verified event records.

  • Crusoe raised $505M (Funding Round) on April 21, 2022.
  • Enerkem raised $255M (Funding Round) on April 6, 2022.
  • LG Energy Solution Ltd raised $1.4B on March 24, 2022.
  • Validere raised $43M (Funding Round) on March 15, 2022.
  • Aurora Solar raised $200M on March 2, 2022.
  • Aurora Solar raised $200M (Series D) on February 28, 2022.

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Company Information

Company

GA Drilling

Location

Hamilton, Texas, United States

About

GA Drilling, with its patented PLASMABIT® technology, offers a solution for a local and independent source of electricity, heating, clean water, and food production in an unstable world. The company will provide scalable, modular, solutions to zero-carbon emissions energy production. Geothermal energy is the only renewable source of clean and baseload energy, available 24/7/365. It works regardless of weather conditions or the day-night cycle. PLASMABIT® brings a significant reduction in operational time and cost savings, drilling faster, deeper, and cheaper through any material, including hard rock and steel. The technology is the result of years of R&D, with 23 registered patents, supported by a full-time team of over 50 engineers and researchers, industrial funding, investors, some 20 EU research grants, and strategic technology development partnerships with drilling industry leaders from Europe, US, and Asia: www.gadrilling.com.

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GA Drilling raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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