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NESR ESG IMPACT Announces Investment in ICE Thermal Harvesting
HOUSTON, TX / ACCESSWIRE / March 15, 2021 / National Energy Services Reunited Corp. ("NESR" or the "Company") (NASDAQ:NESR)(NASDAQ:NESRW), a national,
About this update from National Energy Services Reunited Corp
[{"type":"text","content":"HOUSTON, TX / ACCESSWIRE / March 15, 2021 / National Energy Services Reunited Corp. (\"NESR\" or the \"Company\") (NASDAQ:NESR)(NASDAQ:NESRW), a national, industry-leading provider of integrated energy services in the Middle East and North Africa (\"MENA\") and Asia Pacific regions, today announced its participation in the initial investment round of an innovative geothermal technology company, ICE Thermal Harvesting, LLC (\"ICE\"), as part of its Environmental, Social and Governance Impact Segment (\"ESG IMPACT\") strategy. As previously announced, the ESG IMPACT segment is envisaged to host a portfolio of product lines and services to mitigate climate change, enhance water management and conservation, minimize environmental waste in the industry, and introduce innovative energy solutions.ICE is co-founded by Ben Bodishbaugh and Carrie Murtland, who both previously served in leadership roles with an industry-leading service provider where they were first movers in the industrial-scale electrification of that space. \"A growing number of corporations are committing to aggressive climate goals as a part of their journey to become more environmentally responsible and this trend of renewable energy growth will continue and gain momentum. Our goal is to support companies in their journey by supplying zero-emission power to expedite the achievement of their carbon reduction targets,\" said Murtland.\"This investment in ICE is a natural progression of our ESG IMPACT strategy whereby we are now investing to create an innovative technology and process platform to address the key challenges of climate change, and which will add to our portfolio of ESG IMPACT service offerings,\" commented Sherif Foda, Chairman of the Board and CEO of NESR \"With ICE's technology we aim to support our customers to reduce their carbon footprint by capturing geothermal energy to generate electric power. In essence, thermal energy which was previously untapped and was being dissipated into the atmosphere now will be harnessed to replace existing energy sources. ICE is led by a highly capable, pedigreed team with significant experience in the electrification space, and we look forward to working with Carrie and Ben to help ICE make a difference and help our customers find solutions to their climate change mitigation challenges.\"About National Energy Services...