Article Scaling Decarbonization Through Partnerships
Reuters Energy Transition Europe 2021 discussion with SLB Chief Strategy and Sustainability Officer Dr. Katharina Beumelburg.
Exploring opportunities in low-carbon and carbon-neutral energy technologies
We launched SLB New Energy in 2020 to apply our domain expertise in areas adjacent to our existing activities and leverage our global footprint and execution platform to realize new energy and transition opportunities at scale. Using partnership models and our experience in technology industrialization, we are expanding into energy verticals beyond oil and gas. The diverse New Energy portfolio includes ventures in carbon capture and sequestration, energy storage, geothermal power, geoenergy for heating and cooling, sustainable battery-grade lithium, and hydrogen as an energy carrier.
CCS is critical to advancing decarbonization and achieving the goals of the Paris Agreement on climate change. SLB is actively progressing CCS technologies and business models to enable widespread adoption. The scope of collaboration goes beyond subsurface requirements to include project economics, technology selection, business models, and permitting.
Genvia is a public-private partnership that combines SLB's expertise and experience with that of the French Alternative Energies and Atomic Energy Commission (CEA) and partners. By accelerating the development and first industrial deployment of the CEA’s high-temperature reversible solid-oxide electrolyzer technology, Genvia aims to deliver the most efficient and cost-effective solution for producing clean hydrogen—a versatile energy carrier and key component of the energy transition.
Our NeoLith Energy technology venture uses a differentiated direct lithium extraction (DLE) process to produce high-purity, battery-grade lithium while reducing the production time from more than a year to a matter of weeks. This unique process is in sharp contrast to conventional evaporative methods of extracting lithium, with a significantly reduced groundwater and physical footprint.
Celsius Energy is a New Energy venture that uses geoenergy to provide heating and cooling solutions for new or existing construction. Leveraging SLB's extensive knowledge of subsurface behavior, operational automation technology, and deep science expertise, it helps meet global goals for reduced emissions. In 2020, a 60-year-old SLB manufacturing facility in Clamart, France, adopted the renewable geoenergy solution for its heating and cooling requirements, achieving a 60% reduction in energy consumption and 90% decrease in carbon emissions.
Geothermal power leverages the heat of the Earth; electricity is generated by tapping hot water and steam zones that are continuously recharged, both naturally and by reinjection after heat extraction in the power plant. With decades of expertise in the sector, GeothermEx, a SLB company, provides the full spectrum of geothermal resource development services—from exploration and drilling through to analysis, resource modeling and management, financial modeling, and operational support. This multidisciplinary approach has served the geothermal industry continuously since 1973. In 2021, GeothermEx worked closely with Turkey’s Yerka Electricity Generation Co. to spearhead the country’s electricity generation diversification efforts.