Oilfield services firm Schlumberger's New Energy division has announced an investment and collaboration agreement to deploy California-based EnerVenue’s nickel-hydrogen battery technology, which is a key enabler of stationary energy storage solutions. 

As part of the agreement, Schlumberger New Energy and EnerVenue will work together to progress large-scale deployment of nickel-hydrogen battery technology across selected global markets, Schlumberger New Energy said Sept. 8.

Energy storage solutions are critical to the evolution of the energy mix as the energy transition demands greater contribution from renewable sources. The focus on expanding electrification is accelerating the need for large scale deployment of safe, cost effective, sustainable and reliable stationary energy storage solutions. There is a rapidly growing market for such solutions across utility-scale grid storage, off-grid commercial and industrial storage, and residential sectors.

“At Schlumberger, we’re eager to leverage our technology expertise and global footprint in introducing EnerVenue’s technology to this important emerging market,” said Ashok Belani, executive vice President at Schlumberger New Energy. “We are excited about the potential this technology holds for the energy transition.”

Jorg Heinemann, CEO of EnerVenue, commented, “Schlumberger New Energy will emerge as one of the long-term energy transition infrastructure leaders. We look forward to supporting Schlumberger’s new energy vision and to working with the company to bring our battery technology to organizations across the world.”

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