Baker Hughes and Woodside Energy Collaborate on Lower Carbon Power Generation Technology
Houston, Texas, and London, UK, March 6, 2025 – Baker Hughes, a leading energy technology company, and Woodside Energy, a prominent Australian energy company, have announced a joint initiative to develop a lower carbon power generation technology solution using the Net Power platform. This innovative technology is designed to cater to the energy needs of the oil and gas industry, heavy industries, and other smaller-scale applications.
The Net Power Platform:
Net Power is a technology company that specializes in creating clean energy solutions using all types of natural gas, including associated and stranded gas. The company’s flagship technology, the Allam Cycle, is a unique carbon capture, utilization, and storage (CCUS) system. This system uses a gas turbine combined cycle to produce electricity and capture carbon emissions, which are then used to generate additional power. The result is a lower carbon power generation solution with near-zero emissions.
Collaboration between Baker Hughes and Woodside Energy:
Baker Hughes and Woodside Energy aim to adapt this innovative Net Power technology for the oil and gas industry and other heavy industries. By integrating this technology into these sectors, the companies hope to reduce the carbon footprint of these industries significantly. The collaboration is expected to result in a scalable and cost-effective solution that can be implemented in various applications.
Impact on Individuals:
For individuals, this collaboration could lead to a cleaner environment and potentially lower energy costs. As more industries adopt lower carbon power generation technologies, the demand for traditional fossil fuel-based power sources may decrease, leading to potential price reductions. Additionally, this collaboration could lead to the creation of new jobs in the clean energy sector.
Impact on the World:
On a global scale, this collaboration could significantly reduce the carbon emissions from the oil and gas industry and other heavy industries. According to the International Energy Agency, these industries accounted for around 60% of global energy-related carbon dioxide emissions in 2019. By implementing lower carbon power generation technologies, the world could make a substantial dent in its carbon emissions, contributing to the global efforts to combat climate change.
Conclusion:
Baker Hughes and Woodside Energy’s collaboration to develop a lower carbon power generation technology solution using the Net Power platform is a significant step towards reducing carbon emissions in the oil and gas industry and other heavy industries. This innovative technology could lead to a cleaner environment, potentially lower energy costs, and the creation of new jobs in the clean energy sector. On a global scale, this collaboration could significantly contribute to the world’s efforts to combat climate change by reducing carbon emissions from these industries. Stay tuned for more updates on this exciting collaboration.
- Baker Hughes and Woodside Energy to develop lower carbon power generation technology
- Collaboration to adapt Net Power’s Allam Cycle for oil and gas and heavy industries
- Lower carbon power generation could lead to a cleaner environment and potentially lower energy costs
- Collaboration could contribute significantly to global efforts to combat climate change
