Baker Hughes has partnered with Australian energy company Fortescue Future Industries (FFI) to explore opportunities to scale up the adoption of novel technologies for green hydrogen, green ammonia and geothermal projects.
The companies aim to bring early-stage technologies to commercial scale faster, thereby maximising their decarbonisation benefits in both energy production and hard-to-abate industrial sectors such as mining, steel and cement.
“There is enormous demand for green hydrogen and green energy, and engineering solutions such as those pioneered by Baker Hughes are vital to increasing supply,” said Mark Hutchinson, CEO of Fortescue Future Industries. “We look forward to working with Baker Hughes on a variety of projects that will help to enable industries and the world to move beyond fossil fuels.”
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For hydrogen and ammonia development, the collaboration will leverage Baker Hughes’ expertise and technology related to liquefaction and compression, turboexpanders and hydrogen-fueled turbines.
For geothermal, Baker Hughes will provide its expertise for existing technologies in geothermal subsurface analysis, geothermal well services, emissions measurement, monitoring and carbon reinjection, as well as digital solutions for asset performance management and process optimization.
“FFI and Baker Hughes share ambitions for transforming and accelerating the energy transition,” said Lorenzo Simonelli, chairman and CEO of Baker Hughes. “Our portfolio of technologies can help place both companies at the forefront of tackling climate change with practical and implementable solutions.”
The MoU was announced at the 23rd Baker Hughes Annual Meeting in Florence, Italy.
