Baker Hughes Secures Order to Provide Reliable and Efficient Power to U.S. Data Centers

Rhea-AI Summary

Baker Hughes (NASDAQ: BKR) has secured a significant order from TURBINE-X Energy Inc. for its NovaLT™ gas turbine technology to meet growing power demands in U.S. data centers. The award includes providing turbine technology and associated equipment for multiple North American data center projects.

The NovaLT™ gas turbine is a versatile multi-fuel solution capable of running on natural gas, hydrogen-natural gas blends, and 100% hydrogen, offering customers flexibility in meeting their power requirements. This order follows Baker Hughes' recent partnership with Frontier Infrastructure for providing carbon capture and storage (CCS) and power generation technologies.

TURBINE-X Energy Inc., part of Baker Hughes' global network of strategic packagers, specializes in industrial gas turbine packages for data center project developers. The collaboration aims to address the increasing power demands driven by generative AI growth in the data center market.

Positive

• Secured new order for NovaLT™ gas turbine technology for multiple data center projects
• Strategic expansion into growing data center market driven by AI demand
• Technology offers flexible fuel options including 100% hydrogen capability
• Recent partnership with Frontier Infrastructure expands market presence

Negative

• None.

Insights

Baker Hughes has secured a strategic foothold in the rapidly expanding data center power market through its new deal with TURBINE-X Energy Inc. This agreement positions the company to capitalize on the surging power demands driven by generative AI - one of technology's fastest-growing sectors.

The award covers Baker Hughes' NovaLT gas turbine technology and associated equipment for multiple data center projects across North America. While financial terms remain undisclosed, the multi-project scope suggests meaningful revenue potential in a high-growth market where reliable power has become business-critical.

This deal represents more than just a one-off order - it signals Baker Hughes' strategic diversification beyond traditional energy markets into technology infrastructure. The company is leveraging its established expertise in reliable power generation while addressing an acute market need. Data centers face unprecedented electricity demands that often exceed what local grids can provide, creating perfect conditions for behind-the-meter power solutions.

The NovaLT turbine technology offers a compelling dual advantage for data center operators:

• Immediate reliability with natural gas power generation
• Future adaptability with hydrogen-ready capabilities that align with evolving sustainability requirements

This follows Baker Hughes' recently announced partnership with Frontier Infrastructure for carbon capture technologies in the same sector, revealing a coordinated strategy to build a comprehensive data center power and sustainability offering.

For investors, this represents Baker Hughes successfully diversifying revenue streams toward high-growth sectors while leveraging its core technological competencies. The company is effectively positioning itself at the intersection of two critical trends: increasing energy demands and the computing infrastructure buildout necessary for AI advancement.

• Award features NovaLT™ gas turbine technology to be provided to TURBINE-X Energy Inc., part of Baker Hughes’ network of authorized data center packagers
  

HOUSTON and LONDON, March 13, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Thursday an award from TURBINE-X Energy Inc. for its NovaLT™ gas turbine technology to address power demand growth from the data center market. This follows an announcement earlier this month that Baker Hughes will partner with Frontier Infrastructure to provide key carbon capture and storage (CCS) and power generation technologies for data centers and industrial customers.

Part of Baker Hughes established global network of strategic packagers, TURBINE-X Energy Inc. is a supplier of industrial gas turbine packages in combined cycle configurations for U.S. data center project developers and power producers. As part of the award, Baker Hughes is providing TURBINE-X Energy Inc. with its NovaLT™ gas turbine technology and associated equipment – including gears and power generation generator technology – for multiple data center projects across North America.

The NovaLT™ gas turbine is a multi-fuel solution that can start-up and run on different fuels including natural gas, various blends of natural gas and hydrogen, and 100% hydrogen, providing customers with the flexibility to adapt and meet their specific reliable and sustainable power requirements.

“Due to surging demand for generative AI, we see increasing opportunities for our power generation solutions to support behind-the-meter power requirements for data centers,” said Ganesh Ramaswamy, executive vice president of Industrial & Energy Technology at Baker Hughes. “We’re ready to drive progress at scale, leveraging our expertise and network of strategic partners to quickly provide market-ready reliable, flexible and efficient solutions to partners in the data center market, as well as broader industrial adjacencies where access to power is business critical.”

With a comprehensive portfolio of diverse, reliable and clean power solutions, including natural gas, geothermal, hydrogen, cogeneration, and the Net Power platform, Baker Hughes is able to provide market-ready, efficient and flexible solutions for data center hyperscalers, project developers, packagers and end users.

About Baker Hughes
Baker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com.

For more information, please contact:

Media Relations
Chiara Toniato
+39 3463823419
chiara.toniato@bakerhughes.com 

Investor Relations
Chase Mulvehill
+1 346-297-2561
investor.relations@bakerhughes.com

FAQ

What technology did Baker Hughes (BKR) secure orders for in the U.S. data center market?

Baker Hughes secured orders for its NovaLT™ gas turbine technology, including associated equipment like gears and power generation generator technology for multiple data center projects.

How does Baker Hughes' NovaLT™ gas turbine technology support sustainability goals?

The NovaLT™ gas turbine is a multi-fuel solution that can operate on natural gas, various hydrogen-natural gas blends, and 100% hydrogen, enabling flexible and sustainable power generation.

What is driving the demand for Baker Hughes' (BKR) power generation solutions in data centers?

The surging demand for generative AI is driving increased power requirements for data centers, creating opportunities for Baker Hughes' power generation solutions.

What recent partnership did Baker Hughes (BKR) announce prior to the TURBINE-X Energy deal?

Baker Hughes recently partnered with Frontier Infrastructure to provide carbon capture and storage (CCS) and power generation technologies for data centers and industrial customers.