Energy, Baker Hughes announces new partnerships

Baker Hughes, company ofenergy technologiesand Hydrostor, a Canadian company leader in the development and management of advanced systemslong-term energy storage(LDES), on the occasion of the 2026 Baker Hughes Annual Meeting held in Florence until January 30, they announced astrategic agreement.

Baker Hughes will deepen its relationship with Hydrostor, integrating thetechnological skillsby Baker Hughes as part of Hydrostor’s core engineering offering for its advanced solutioncompressed air energy storage (A-CAES). Questo include fino a 1.4 GW of equipment ordersBaker Hughes for Hydrostor’s flagship projects.

“The growing pressure onelectrical networksis making thelong-lasting energy storagean urgent priority. Hydrostor’s innovative approach offers a solution tolow carbon emissionsto guarantee theenergy reliabilitythrough a diverse mix of generation sources,” he said Lorenzo Simonelli, president and CEO of Baker Hughes. “We are proud to support Hydrostor withessential technologiesto accelerate these projects, encouraging greaterresilience of the global networkand allowingsustainable energy systems su larga scala.”

“The agreement that Hydrostor has signed with Baker Hughes highlights our momentumA-CAES technological platformcapable of providingreliability and resilienceto networks around the world alow costs“said Curtis VanWalleghem, co-founder and CEO.

L’accordo Wabash Valley Resources

Baker Hughes then announced that it had secured several contracts to operate one of the company’s first manufacturing facilitieslow carbon ammonia fertilizersin the United States, developed by Wabash Valley Resources (Wvr).

Baker Hughes fornirà essential compression solutions e integrated construction of wellsin support of different parts of theclean ammonia value chainfrom hydrogen production to separation and morepermanent sequestration of CO2. The project, located in West Terre Haute, Indiana, will repurpose an existing gasification plant into a state-of-the-art plant for the production ofclean ammonia.

Once operational, it will be able to produce500,000 tons of ammonia per yearcapturing1.67 million tons of CO2 per yearand helping to create a supply ofmore sustainable and reliable fertilizersfor the US Corn Belt and the agricultural market in general. Under the new contracts, Baker Hughes will leverage its broad portfolio to delivercompression equipment a Honeywell.

“Beyond the energy sector, Baker Hughes is helping to transformessential sectors such as agriculturehelping them to expand moreproductive and sustainable“said Lorenzo Simonelli, President and CEO of Baker Hughes. “The Wabash Valley Resources project brings together government,technology partnersenergy eglobal investorsto accomplishworld-class industrial innovationsso that farms can meet the needs of onegrowing population.”

“Baker Hughes is afundamental partner for sustainabilityof Wabash Valley Resources, as it provides theadvanced technologieswhich allow us both to open new oneslow carbon marketsboth to make moresustainable agricultural supply chainsexisting,” said Dan Williams, CEO of Wabash Valley Resources. “Their experience inconstruction of wellsnel monitoring and long-term management of CO2allows us to providelow carbon ammoniaon an industrial scale and to strengthen thefertilizer supply chainin the United States”.

These latest awards follow a separate contract forconstruction of wellsstipulated in the third quarter of 2025 in support oflong-term CO2 storage infrastructureof the site. This includes building twoCO2 injection wells e quattro monitoring wellsusingadvanced completion systems e corrosion resistant concreteto guarantee thelong-term integrity. Le advanced monitoring technologiesimplemented in the wells will support theregulatory compliancela environmental protection e la complete management of the CO2 life cycle.

Lorenzo Simonelli, guarantee demand from diversified sources

“The question ofenergycontinues to increase” for this reason “we must ensure that we align globally and involve stakeholders from governments, regulators, NGOs, and have a framework that supports newradical industrial results e l’energy expansion from all sources“. This was said by the president and CEO of Baker Hughes, Lorenzo Simonelli during the inauguration of the Baker Hughes 2026 Annual Meeting which opened today in Florence.

The annual event carried out by the companyenergy technologiesnow in its 27th edition has chosen as the theme for the meeting “The Energy Equation™”, focusing on the vital balance between theindustrial resultsthat guide modern life andenergy sourcesthat make them possible. At the center of the debates is the essential role ofsustainabilityin maintaining this balance, while also considering pragmatic approaches to balance the complexities we face with the choices we make.

“We need to make sure we encourage thenatural gas e il LNG– continued Simonelli – an abundant resource which is not a transition fuel, but atarget fuel. If we consider the growing demand that exists, thenatural gas e il LNGthey represent a path to success. And continue to strengthen thegeothermal energy: What was previously impossible is now possible, obtaining megawatts from lower temperatures throughenhanced geothermal energy. Geographically, availability is much greater than in the past. When you look at the regulatory framework, we need to make sure that we havesmooth, fast and efficient authorizations.”