Netergy Inc. Market Research Report

Company Overview

Name: Netergy Inc.

Mission:
To provide specialized power and distribution equipment with technical services for the drilling industry, reducing cost while benefiting health, safety, and the environment.

Year Founded: In business since 2012.

Founder: No information is available.

Key People: No information is available.

Headquarters:
8700 Commerce Park Dr. Suite 116, Houston, TX 77036

Number of Employees: No information is available.

Revenue: No information is available.

Company Focus:
Netergy Inc. is known for delivering electric power to drill sites with sufficient capacity to handle all drilling operations, thereby facilitating the transition from diesel generator fuel to electric power, which brings significant health, safety, and environmental (HSE) benefits.

Products

Product Overview

Netergy Inc. offers a comprehensive suite of services and equipment designed to replace traditional diesel-generated power with electricity from local utility grids specifically for drilling rigs.

Key Features:

1. Power and Distribution Equipment:

• Description: Equipment and solutions for electric power distribution to drill sites.

• Key Features:

• Eliminates diesel emissions

• Reduces noise levels

• Improves air quality for rig workers

• Enables significant cost savings

2. Energy Management Contract (EMC) Services:

• Description: A service model that involves sharing energy cost savings with clients.

• Key Features:

• Access to power company electricity

• Construction of power lines

• Installation of electricity substitute diesel (ESD) equipment

• 24/7 real-time electricity consumption monitoring

3. Smart Monitoring System:

• Description: Real-time smart monitoring of power consumption.

• Key Features:

• Allows for effective management and control over power usage

• Helps in optimizing performance and reducing wastage

Recent Developments

Services and Capacity Expansion:

• New Services:

• As of August 2024, Netergy Inc. now provides services to over 100 drilling rigs.

• Well Drilling Achievements:

• Over 3,000 wells have been drilled using Netergy's solutions.

• Service Reliability:

• Achieved a 0.0 service failure rate.

Energy Supply:

• Electricity Supply:

• An average of 300 million kW-hr/yr is supplied, enough to power 10,000 homes continuously.

Cost Savings

• Cost Efficiency:

• Compared to diesel, Netergy's solution typically saves 20% to 40% in total fuel costs.

Partnerships and Initiatives:

• Contract Negotiations:

• Negotiates contracts with local utility companies to secure electricity for drilling operations, enhancing cost efficiency and reliability.

No information about recent product launches or partnerships is available.