Schlumberger N.V. (NYSE:SLB) changed its name to SLB three and a half months ago and aims to capture billions of dollars in business opportunities through its New Energy division alone. Gavin Rennick, president of Schlumberger N.V., said: “We value two things: impact and scale. If the scale is not in place, it is not a real energy transition business. By focusing on five areas – carbon solutions, hydrogen, geothermal – geothermal energy, energy storage and critical minerals – the new energy business will generate approximately $3 billion in revenue by the end of this decade and at least $10 billion by the end of the next decade.