In a bold move set to reshape the energy sector, e2Companies LLC announced Wednesday its plans to go public through a merger with Nabors Energy Transition Corp. II, a special purpose acquisition company (SPAC). The deal, which assigns a pro forma enterprise value of $770 million to the combined entity, is expected to fuel E2’s expansion of its cutting-edge energy solutions.
Once finalized, the merged company will list on the Nasdaq under the ticker symbol VUTL, according to a statement.
AI-Powered Energy Solutions to Meet Growing Demand
E2 has pioneered the energy industry’s first AI-driven platform, Virtual Utility, designed to integrate on-site power generation, storage, and distribution with advanced cost-efficiency solutions. The company’s technology caters to industries such as manufacturing, data centers, oil and gas, and healthcare, addressing the increasing demand for resilient and cost-effective energy solutions.
With over 165 global deployments and contracts, E2’s customer list boasts major names like Liberty Mutual, FedEx, ESPN, Geico, and Frontier Communications.
