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Baker Hughes invests in Ekona Power

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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.

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