Why Schlumberger is in Deal with Panasonic Energy Why Schlumberger is in Deal with Panasonic Energy Schlumberger New Energy and Panasonic Energy of North America, a division of Panasonic Corporation, say they have entered into a collaboration agreement. The deal is for the validation and optimisation of the innovative and sustainable lithium extraction and production process to be used by Schlumberger New Energy at its NeoLith Energy pilot plant in Nevada. This collaboration paves the way for improved lithium production solutions that will help meet the expected surge in demand for lithium as the electric vehicle (EV) market takes off worldwide.