Netergy Inc. provides electrification equipment for drilling rigs and other oil and gas operations. Transformers step down power from highline utility grids to 600V for use by the rig, offering a reliable, proven, and clean, alternative to diesel with compelling cost savings. The installation process is streamlined, ensuring the power-line and transformer setup aligns with the rig spud timeline (approximately seven days). Neturgy's technology includes a two-step voltage adjustment: from high-line (10,000 V) to 3,500 V via Neturgy transformers, and further reduction (3,500 V to 600–400 V) managed by conventional rig equipment.

Key products:

• Transformers: High-capacity transformers capable of adjusting to different voltage levels to connect drilling rigs to the electrical grid,.
• Grid Connectivity: Infrastructure and expertise to connect drill rigs to local utility networks, including installation and management of power lines for utility connections.

Netergy offers a day rate to North American customers and contracts with Operators and Rig Contractors. For South America and other international markets, products are offered for sale with onsite service and training for local maintenance and service by the customer.

Pricing Model: Standard 12-month day rate deals, with compelling pricing.

Service Options: Netergy will support the Operator's preference for working with utilities.

• Full-Service Model: Netergy negotiates electricity rates, sets up power lines, and manages implementation for operators.
• Support-Only Model: The customer manages the utility contract, while Netergy provides guidance and assistance during setup.

• Alternate Power: The solution provides power rather than using diesel generators on site, leading to cost savings of 20-40% and reduced environmental impact.
• Voltage Flexibility: Transformers that seamlessly adjust to varying regional voltage levels, which is a standard feature that allows deployment in North America and Latin America, in addition to China where they currently operate.
• Hybrid Power Concepts: Exploration of integrating grid power with generator-backed systems to offer hybrid solutions.
• Certified Safety: Equipment meets IEC and UL standards, ensuring compliance and safety.
• Proven Reliability: Zero reported service failures across over 100 active rigs in China.
• Software capabilities: The technology also involves software capabilities to sync the generators with the grid and optimize the use of grid power.
• Competitive Pricing: The company is flexible on pricing compared to their main competitors - CanRig, EDT, etc.

Netergy's mobile transformer package enables use of highline power. Currently, rigs primarily rely on diesel generators, switching to them within five minutes of a grid power outage. The future will allow generators to synchronize with the grid as this setup uses as much highline power as is available, with generators providing any incremental power required. This technology is expected to allow more drilling rigs to connect to highline power grids because the grid no longer needs to provide all the power to the rig. Netergy is currently operating on over 100 drilling rigs in China as well as owning and operating over 2,000km of power lines. Netergy is now expanding its offerings internationally (USA, Mexico, South America) and plans to offer the industry's leading pricing and technology.

Another insight is planning for the utility highline connection and good project management for cables connecting to the rig. The transformers are able to adjust to different voltage levels which may vary considerably, especially in Texas on the ERCOT grid. Netergy can assist will all levels of work with utilities, from the type of connectors for the high/medium voltage hookup to full contract negotiation for power supply. At the site, good cable management is important for efficient rig moves and safety. Good project planning includes identifying each cable connection, walkways for personnel, drive-overs for vehicles, and containers to rapidly store and transport cables to each drilling pad.

Some of its main applications are:

• Grid-Connected Drilling Sites: Providing utility power to drilling rigs replacing diesel generators with reduced emissions and operational cost, leading to cost savings of 20-40% and reduced environmental impact.
• Utility Power Integration: Supporting operators to leverage regional electricity grids effectively.
• Remote Monitoring and Management: Ensuring operational uptime with reliable technology for various voltage and regional requirements.