March 3 (Reuters) - Baker Hughes ( BKR ) on Monday
announced a partnership with Frontier Infrastructure to
accelerate the development of the latter's large-scale carbon
capture and storage (CCS) and power solutions in the United
States.
The oilfield services provider added it would provide
technology solutions to support carbon capture projects along
with power generation and data centers.
CONTEXT
Baker Hughes ( BKR ) said it would leverage key technologies for
well design, carbon dioxide compression and long-term monitoring
to develop Frontier's Sweetwater Carbon Storage Hub located in
Wyoming.
The company added it would use its gas turbines to support
256 megawatts of power generation to meet increasing power
demand across the U.S. Mountain West region, Texas and Wyoming.
WHY IS IT IMPORTANT
According to the U.S. Energy Information Administration,
power demand is expected to reach record highs this year,
primarily driven by the rapid expansion of data centers to
support AI tech and industrial operations.
Carbon capture is a process of storing CO2 underground, a
crucial strategy for the energy sector to mitigate its emissions
from industrial activity and reduce its impact on global
greenhouse gas levels.
KEY QUOTES
"Baker Hughes ( BKR ) is committed to delivering innovative
solutions that support increasing energy demand, in part driven
by the rapid adoption of AI, while ensuring we continue to
enable the decarbonization of the industry," Baker Hughes ( BKR ) CEO
Lorenzo Simonelli said in a statement.
"By integrating gas-fired energy with the potential for
permanent carbon storage, we are creating a direct, reliable
power solution tailored to evolving industrial needs," said
Robby Rockey, co-CEO of Frontier Infrastructure.