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Baker Hughes Secures Order to Provide Reliable and Efficient Power to U.S. Data Centers

1. BKR awarded TURBINE-X Energy Inc. for NovaLT™ gas turbines for data centers. 2. The NovaLT™ turbine supports multiple fuels, including hydrogen for sustainability. 3. Growing demand for data centers fuels BKR's power generation solutions. 4. BKR partners with Frontier Infrastructure on CCS and power tech. 5. BKR expands its capabilities in the clean energy market.

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Why Bullish?

BKR's growth in the data center market signals strong future earnings potential, similar to gains seen in other renewable-focused companies following key contracts.

How important is it?

The partnership and technology deployment signal BKR's strategic positioning in a growing market, impacting investor confidence.

Why Long Term?

The ongoing demand for data centers due to AI will benefit BKR over years, as evidenced by historical trends in energy companies adapting to technology sector demands.

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Award features NovaLT™ gas turbine technology to be provided to TURBINE-X Energy Inc., part of Baker Hughes’ network of authorized data center packagers HOUSTON and LONDON, March 13, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Thursday an award from TURBINE-X Energy Inc. for its NovaLT™ gas turbine technology to address power demand growth from the data center market. This follows an announcement earlier this month that Baker Hughes will partner with Frontier Infrastructure to provide key carbon capture and storage (CCS) and power generation technologies for data centers and industrial customers. Part of Baker Hughes established global network of strategic packagers, TURBINE-X Energy Inc. is a supplier of industrial gas turbine packages in combined cycle configurations for U.S. data center project developers and power producers. As part of the award, Baker Hughes is providing TURBINE-X Energy Inc. with its NovaLT™ gas turbine technology and associated equipment – including gears and power generation generator technology – for multiple data center projects across North America. The NovaLT™ gas turbine is a multi-fuel solution that can start-up and run on different fuels including natural gas, various blends of natural gas and hydrogen, and 100% hydrogen, providing customers with the flexibility to adapt and meet their specific reliable and sustainable power requirements. “Due to surging demand for generative AI, we see increasing opportunities for our power generation solutions to support behind-the-meter power requirements for data centers,” said Ganesh Ramaswamy, executive vice president of Industrial & Energy Technology at Baker Hughes. “We’re ready to drive progress at scale, leveraging our expertise and network of strategic partners to quickly provide market-ready reliable, flexible and efficient solutions to partners in the data center market, as well as broader industrial adjacencies where access to power is business critical.” With a comprehensive portfolio of diverse, reliable and clean power solutions, including natural gas, geothermal, hydrogen, cogeneration, and the Net Power platform, Baker Hughes is able to provide market-ready, efficient and flexible solutions for data center hyperscalers, project developers, packagers and end users. About Baker HughesBaker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com. For more information, please contact: Media RelationsChiara Toniato+39 3463823419chiara.toniato@bakerhughes.com  Investor RelationsChase Mulvehill+1 346-297-2561investor.relations@bakerhughes.com

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