SUBSCRIBE
PROFILE

Baker Hughes invests in Ekona Power

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access • Archives included • Professional invoice

SUBSCRIBE - 99$/year

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

Baker Hughes will take a 20% stake in Ekona Power.

Baker Hughes enhances its portfolio of decarbonization solutions

Turquoise hydrogen is produced from methane by pyrolysis.
The two companies plan to join forces to accelerate the industrialization of this technology, thanks to Baker Hughes’ turbomachinery portfolio.

“This strategic investment once again demonstrates our commitment to advancing the new frontiers of energy. This by accelerating the pace at which new technologies are brought to market. Ekona Power, for the production of clean, low-cost turquoise hydrogen, builds on our portfolio of decarbonization technologies. With this technology, industry can take advantage of existing gas reserves to produce low-carbon hydrogen,” said Rod Christie, Executive Vice President of Turbomachinery and Process Solutions at Baker Hughes.

Baker Hughes, supported by numerous federal and provincial partners

Baker Hughes will take a stake of approximately 20% in Ekona to advance the commercialization of new projects.
The company will also sit on Ekona’s Board of Directors.
For this project, the company has received the support of numerous Canadian federal and provincial partners, such as BC Innovative Clean Energy.
In addition, BDC Capital ‘s Cleantech invested in 2020 to help finance Ekona’s technology development program.

  • Popular on energynews.pro
Over 80 countries push for roadmap on fossil fuel phase-out at COP30
TRISO-X begins vertical construction on advanced nuclear fuel facility in Tennessee
CGN activates Zhaoyuan to bypass US restrictions and secure its Hualong One reactors
Berlin approves strategic minority stake in TenneT Germany
Sinopec to invest $437 million in hydrotreatment unit in Algeria
Shell extends exchange premium after collecting $6.2bn in notes
Shell extends its early participation premium to all eligible holders after collecting over $6.2bn in validly tendered notes as part of its financial restructuring operation.
Krista Tanner appointed CEO of ITC Holdings to succeed Linda Apsey in 2026
After 23 years at ITC Holdings Corp., Chief Executive Officer Linda Apsey will retire in March 2026. She will be replaced by Krista Tanner, current President of the company, who will also join the Board of Directors.
ReGen III secures $3.975mn in sub-agreements under debenture exchange
ReGen III confirmed receipt of $3.975mn in sub-agreements tied to its convertible debenture exchange programme, involving over 97% of participating holders.
Enkraft increases pressure on ABO Energy amid contested sale process
Activist fund Enkraft demands governance guarantees as ABO Energy’s founding families prepare a change of control, under an open market listing and KGaA structure that offers limited protection to minority shareholders.
CNPC launches power subsidiary to accelerate its energy strategy
China National Petroleum Corp has inaugurated a new electricity-focused entity in Beijing, marking a strategic step in the organisation of its new energy assets.
Kretinsky takes stake in TotalEnergies through €5.1bn asset swap
Czech billionaire Daniel Kretinsky expands further into energy with a strategic investment in TotalEnergies, via his holding EPH, in exchange for assets valued at €5.1bn.
TotalEnergies and Rubis fined €187.5mn for cartel in Corsica
France’s competition authority fines TotalEnergies, Rubis and EG Retail over a cartel restricting access to Corsican oil depots, affecting the local fuel distribution market.
EDF and OpCore launch €4 billion data centre campus near Paris
EDF and OpCore are converting a former thermal power plant south-east of Paris into one of Europe’s largest data centre campuses, backed by a €4 billion ($4.31bn) investment and scheduled to begin service in 2027.
Certified 3D-printed parts for oil and gas enabled by secure remote production
Four companies completed a global series of secure remote additive manufacturing to locally produce certified parts for the oil and gas industry, marking a key industrial milestone for supply chain resilience.
BW Offshore and BW Group launch BW Elara for floating freshwater production
BW Offshore and BW Group create BW Elara, a joint venture for floating desalination units, combining offshore engineering and water treatment to meet urgent freshwater needs.
Frontera splits operations to unlock asset value in Colombia
Frontera Energy will separate its oil and infrastructure operations in Colombia to create two independent entities with distinct strategies, with completion expected in the first half of 2026.
TotalEnergies commits $100mn with Climate Investment to support OGDC
TotalEnergies injects $100mn into Climate Investment’s Venture Strategy fund to accelerate the adoption of emissions reduction technologies within the oil industry under the OGDC framework.
Washington strengthens its support for Standard Lithium in Arkansas DLE project
Standard Lithium receives growing institutional backing in the United States to develop direct lithium extraction in Arkansas, a strategic area where the company positions itself against Exxon Mobil.
SBM Offshore raises 2025 forecast after 26% revenue surge
SBM Offshore reports year-to-date Directional revenue of $3.6bn, driven by Turnkey performance and the addition of three new FPSOs to its global fleet.
European Union prepares quotas to mandate locally produced low-carbon steel in public procurement
The European Commission is developing a scheme mandating a minimum share of EU-made low-carbon steel in public procurement, alongside a post-safeguard trade regime and targeted energy support to sustain the continental steel industry.
Sunsure Energy signs 19.36 MW hybrid solar-wind agreement with Deepak Fertilisers
Sunsure Energy will supply Deepak Fertilisers with 19.36 MW of hybrid solar and wind power, delivering 55 mn units of electricity annually to its industrial facility in Raigad, Maharashtra.
IonQ partners with University of Chicago to build next-generation quantum platform
IonQ will deploy a quantum computer and entanglement distribution network at the University of Chicago, strengthening its technological presence within the Chicago Quantum Exchange and accelerating its product roadmap.
VoltaGrid raises $5.0bn to deploy 4.3 GW of capacity by 2028
Texas-based energy solutions provider VoltaGrid secures record mixed financing to expand its decentralised power generation portfolio, primarily targeting hyperscale data centres.
IMCC and Maridive launch One Marine to capture offshore services demand
Kuwait's IMCC and Egypt's Maridive have formalised a joint venture based in Abu Dhabi to expand integrated offshore marine operations regionally and internationally.
Chevron strengthens post-Hess strategy and reassures markets on growth
In New York, Chevron outlines its long-term vision following the Hess integration, focusing on financial stability, spending reduction, and record production to consolidate investor confidence.

All the latest energy news, all the time

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access - Archives included - Pro invoice

START - 99$/year

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.