Baker Hughes Achieves New Hydrogen Milestones to Accelerate Transition to Hydrogen Economy

• New hydrogen testing facility at Florence, Italy, manufacturing site unveiled as part of the company’s strategy to further support the deployment of hydrogen-ready technologies, such as the optimized NovaLT16 turbine delivered to Air Products’ Net-Zero Hydrogen Energy Complex in Edmonton
  
• Progress follows delivery of advanced hydrogen compression technologies for NEOM green hydrogen complex in Saudi Arabia, as well as new collaborations in the hydrogen sector with HyET and Green Energy Park

FLORENCE, Italy, Jan. 29, 2024 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Monday several milestones to support the growth of the hydrogen economy, as part of the company’s broader strategy in new energy. The milestones were announced during the 24^th Baker Hughes Annual Meeting held in Florence, Italy, and included advancements in the company’s hydrogen enabling technologies, as well as progress in executing several customers’ hydrogen projects and new collaborations in the sector.

The milestones include:

• Baker Hughes unveiled a new Hydrogen Testing Facility for validation of its NovaLT industrial turbines to run blends all the way up to 100% hydrogen. The new facility includes a test bench to allow full load testing, with complete fuel flexibility up to 100% hydrogen and features a 300-bar pressure and 2,450 kg storage capacity. This infrastructure, aligned to the highest standards of safety and security – which are particularly crucial when dealing with hydrogen – allows Baker Hughes to test turbines in all project conditions, providing customers with enhanced operational confidence. The new Hydrogen Testing Facility will then serve as a hub for Baker Hughes’ collaboration with customers in the growing hydrogen economy.
  
  
• Baker Hughes recently completed manufacturing and testing of its NovaLT16 hydrogen turbines for Air Products’ Net-Zero Hydrogen Energy Complex in Edmonton, Canada. The NovaLT16 turbines underwent full load testing at the newly unveiled Hydrogen Testing Facility. This family of turbines can be deployed for a variety of industrial applications, including combined heat and power, as well as for pipeline and gas storage operations.
  
  
• The company also reported progress on another key Air Products’ hydrogen project, with the delivery of the first two trains of advanced hydrogen compression solutions for the NEOM project in Saudi Arabia, the largest green hydrogen project in the world through the equal joint venture of ACWA Power, Air Products and NEOM. Baker Hughes recently invested in expanding its manufacturing site in Modon, Saudi Arabia, to further support the delivery of projects in the country, including NEOM, with localized testing and packaging solutions. Both projects are part of the two companies’ long-standing collaboration on hydrogen inaugurated in 2021.