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Novomet-USA logo — Cut your ESP power bill by 25-30% and get longer runlife wit...

Novomet-USA

Cut your ESP power bill by 25-30% and get longer runlife with our PowerSave ESPs. Every well. Every time. No bull.

Founded 1991 United States Katy, United States 20 employees Venture round Energy, Oil and Gas

General Information

Company Name Novomet-USA
Founded Year 1991
Location United States Katy, United States
Employees 20
Industries Energy, Oil and Gas
Funding Stage Venture round
Social

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About Novomet-USA

Novomet-USA, founded in 1991 and headquartered in the United States, offers electrical submersible pump (ESP) technologies catered to the Energy and Oil and Gas industries. The company's slogan, "Cut your ESP power bill by 25-30% and get longer runlife with our PowerSave ESPs. Every well. Every time. No bull." reflects its commitment to providing cost-effective solutions for the oil industry. The innovative technology includes a proven line of permanent magnet motors (PMM) and high-efficiency systems with energy savings of up to 30%. Novomet's last venture round investment took place on 23 November 2011 and was supported by Baring Vostok and RUSNANO. The strategic investments bolstered the company's position to introduce ESP technologies into the US market. With facilities in Katy (near Houston), Midland (coming fall 2019), and Cody, Wyoming, Novomet is well-positioned to provide exceptional service delivery tailored to specific well conditions and production goals in the US. The company's proprietary powder metallurgy techniques, developed in Perm, Russia in the early 1990s, have been pivotal in designing ESP systems with unmatched performance, reflecting its dedication to continuous breakthroughs and advancements. Novomet serves clients in over 25 countries, with over 30,000 systems installed and more than 8,000 PMMs worldwide. The company's ESP systems feature slimmer outside diameters than competing products, making them easier to install and less likely to get stuck, offering full systems or components for the oil industry. In summary, Novomet-USA's focus on energy-efficient ESP technologies, strong global presence, and strategic partnerships position the company for continued success in the oil industry.

Business keywords: ESP technologies, Oil well production, Electrical submersible pumps, Energy efficiency, Permanent magnet motors, Slimhole designs, Oil well equipment, Artificial lift industry, Powder metallurgy techniques, ESP manufacturing, Oil and gas technology, Oilfield services, Well optimization, Energy savings, Industrial equipment

Funding Rounds & Investors (1)

View All
Funding Stage Amount Investors Lead Investors Date
Venture Round Undisclosed 2
Baring Vostok
Baring Vostok, RUSNANO
23 Nov 2011

Novomet-USA Alternatives & Competitors

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Novomet-USA vs
Endurance Lift Solutions
Endurance Lift Solutions United States

Run Longer. Produce More.

236 employees
Energy, Oil and Gas
Novomet-USA vs
Globe Energy Services LLC
Globe Energy Services LLC

Your Trusted Partner in Comprehensive Oilfield Solutions

Private Equity
157 employees
Energy, Oil and Gas
Novomet-USA vs
IJACK Technologies
IJACK Technologies Canada

Changing the Landscape

17 employees
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FAQ About Novomet-USA

Cut your ESP power bill by 25-30% and get longer runlife with our PowerSave ESPs. Every well. Every time. No bull.
Novomet-USA was founded in 1991.
Novomet-USA is headquartered in Katy, United States.
Novomet-USA operates in Energy and Oil and Gas. Its work centres on ESP technologies, Oil well production, Electrical submersible pumps and Energy efficiency.
Novomet-USA has approximately 20 employees.
Novomet-USA has completed 1 funding round. The latest funding stage is Venture round.
Top alternatives and competitors to Novomet-USA include Endurance Lift Solutions, Globe Energy Services LLC, IJACK Technologies, Burner Fire Control®, TARA Energy Services Inc.. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Novomet-USA and Endurance Lift Solutions are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Novomet-USA, https://bouncewatch.com/company/novomet-usa, updated 12 September 2024. When citing, please name BounceWatch and link this page.

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