U.S.-based energy tech company Baker Hughes is joining with Australia’s Woodside Energy in an initiative to develop a lower-carbon power generation technology solution specifically designed for oil and gas, heavy industries, and other smaller-scale applications.
The companies on March 6 said the framework of their collaboration framework focuses on assessing feasibility and scalability of Net Power’s platform, and is open to other potential contributors.
Baker Hughes and Woodside are building on their 2022 memorandum of understanding that aimed to advance the decarbonization of the natural gas supply chain. Baker Hughes and Woodside have now signed a technology development agreement (TDA) for the small-scale NET Power platform. The patented NET Power platform works by utilizing natural gas to generate affordable power while inherently capturing nearly all carbon dioxide emissions.
Baker Hughes and Woodside on Thursday said they want to bring other development partners into the program to tailor the concept to the continuously evolving requirements of different captive power generation segments. Through the TDA, the program will also focus on assessing feasibility and industrial market scalability of NET Power’s platform.
Baker Hughes is the exclusive provider of the small-scale application of the NET Power platform, and the TDA will benefit from the development and testing currently ongoing both at NET Power’s La Porte, Texas, demonstration facility and the company’s planned first utility-scale power plant near Midland, Texas.
“We are excited to continue our collaboration with Baker Hughes and leverage their leading-edge technology and our combined engineering and CCUS capabilities to explore and develop lower-carbon emissions alternative power solutions using Net Power’s platform,” said Julie Fallon, Woodside executive vice president Technical and Energy Development. “This agreement further strengthens our long-standing relationship across the natural gas value chain and our shared journey in the energy transition.”
“Baker Hughes is committed to providing innovative solutions that support the decarbonization of the energy and industrial sectors, and we are honored to share this journey with our long-standing customer Woodside Energy,” said Alessandro Bresciani, senior vice president of Climate Technology Solutions at Baker Hughes. “We believe this framework represents the partnerships and collaborations necessary to develop and scale the energy solutions that support decarbonization while also meeting the world’s growing energy demand.”
“Net Power applauds the enhanced collaboration between Woodside and our partner Baker Hughes. This work has the potential to bring our technology platform to a broader array of end markets and applications, complementing our utility-scale program and strategy,” said Danny Rice, CEO of NET Power, which is headquartered in North Carolina. “Today’s announcement is a tangible commitment to continue technology innovation and market development for the Net Power platform and to bring ultra-low emissions energy solutions to a power-hungry world.”
—POWER edited this content, which was supplied by the communications team for Baker Hughes.
