BHI. Baker Hughes

Baker Hughes Launches CarbonEdge™, a Digital End-to-End Solution to Mitigate Risk, Optimize Operations and Streamline Reporting for CCUS Projects

Baker Hughes Launches CarbonEdge™, a Digital End-to-End Solution to Mitigate Risk, Optimize Operations and Streamline Reporting for CCUS Projects

  • CarbonEdge™ connects subsurface and surface data across carbon capture, utilization and storage (CCUS) infrastructure
  • Solution draws on Baker Hughes’ technology, long-standing domain expertise across its diverse portfolio ready to serve entire CCUS value chain
  • Wabash Valley Resources will leverage CarbonEdge for measurement, monitoring, and verification of CO2 and collaborate with Baker Hughes on the solution’s continued development

HOUSTON and LONDON, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Thursday the launch of CarbonEdge™, powered by Cordant™, the first end-to-end, risk-based digital platform for CCUS operations that provides comprehensive support, regulatory reporting, and operational risk management.

With an intuitive, integrated dashboard, CarbonEdge delivers precise, real-time data and alerts on carbon dioxide (CO2) flows across CCUS infrastructure, from carbon capture and compression to pipeline transportation, as well as subsurface storage. This connectivity across the entire CCUS project lifecycle enables customers to identify and manage risk, improve decision-making, enhance operational efficiency, and simplify regulatory reporting.

Baker Hughes offers . The launch of CarbonEdge makes Baker Hughes the only provider combining advanced risk management and reporting technology for measurement, monitoring and verification (MMV) of CO2 with comprehensive digital monitoring, engineering expertise and domain knowledge across surface and subsurface planning and operations. Integration with Baker Hughes' subsurface and autonomous modeling solutions delivers storage site characterization workflows and comprehensive MMV frameworks.

“CCUS technology solutions are essential for driving decarbonization of the energy and industrial sectors on our path to solving for climate change,” said Baker Hughes Chairman and CEO Lorenzo Simonelli. “With the launch of CarbonEdge, we not only expand our portfolio of digital solutions to support new energies and empower our customers’ ability to mitigate risk while enhancing operational efficiency, but also take a bold step toward a future with more sustainable energy development. We look forward to working alongside Wabash Valley Resources to refine and evolve CarbonEdge, ensuring it continues to meet the dynamic needs of a rapidly changing industry.”

In (WVR), a pioneer in low-carbon ammonia fertilizer production, and Baker Hughes to supply advanced technology services and solutions to support WVR’s ammonia production with compression systems, injection well construction and perform testing and monitoring services for the geological sequestration of CO2. As a launch customer, WVR will leverage CarbonEdge to measure, monitor and verify the volumes of CO2 collected, transported and sequestered underground. The companies will also collaborate closely on the further development of the CarbonEdge platform.

Applicable to any CCUS infrastructure applied across multiple industries, CarbonEdge, powered by Cordant, is expected to be fast to deploy and easy to scale, ensuring seamless connectivity, data synchronization and interoperability across various components of the digital ecosystems of Baker Hughes and its customers.

The first fully integrated digital offering within Baker Hughes’ Climate Technology Solutions portfolio, CarbonEdge joins Baker Hughes’ digital solutions such as , and , which span the energy and industrial value chains to increase efficiency, enhance operational predictability, and help ensure lower emissions.

About Baker Hughes

Baker 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 .

For more information, please contact:

Media Relations

Chiara Toniato



Investor Relations

Chase Mulvehill





EN
12/09/2024

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Baker Hughes

 PRESS RELEASE

Baker Hughes Launches CarbonEdge™, a Digital End-to-End Solution to Mi...

Baker Hughes Launches CarbonEdge™, a Digital End-to-End Solution to Mitigate Risk, Optimize Operations and Streamline Reporting for CCUS Projects CarbonEdge™ connects subsurface and surface data across carbon capture, utilization and storage (CCUS) infrastructureSolution draws on Baker Hughes’ technology, long-standing domain expertise across its diverse portfolio ready to serve entire CCUS value chainWabash Valley Resources will leverage CarbonEdge for measurement, monitoring, and verification of CO2 and collaborate with Baker Hughes on the solution’s continued development HOUSTON and LON...

 PRESS RELEASE

Baker Hughes Announces Dates for Third-quarter 2024 Earnings Release a...

Baker Hughes Announces Dates for Third-quarter 2024 Earnings Release and Webcast HOUSTON and LONDON, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR) will announce the results of the third quarter ending Sept. 30, 2024, via press release at 5 p.m. Eastern Time (4 p.m. Central Time) on Tuesday, Oct. 22, 2024. A webcast to discuss the results will be held Wednesday, Oct. 23, 2024, at 9:30 a.m. Eastern Time (8:30 a.m. Central Time). To access the webcast, listeners should visit the Baker Hughes website at:  An archived version will be available on the website following the webc...

 PRESS RELEASE

Baker Hughes Announces Leadership Changes to Continue Strategic Growth...

Baker Hughes Announces Leadership Changes to Continue Strategic Growth and Customer Success   Amerino Gatti appointed as executive vice president of Oilfield Services & Equipment (OFSE) business segmentMaria Claudia Borras appointed as chief growth & experience officerMuzzamil Khider Ahmed appointed as chief people & culture officer HOUSTON and LONDON, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Baker Hughes Company (NASDAQ: BKR) (“Baker Hughes” or the “Company”) announced Tuesday several changes to its leadership team, effective by Oct. 1. These changes are designed to continue delivering Baker ...

 PRESS RELEASE

Baker Hughes Company Announces Second-Quarter 2024 Results

Baker Hughes Company Announces Second-Quarter 2024 Results Second-quarter highlights Orders of $7.5 billion, including $3.5 billion of IET orders.RPO of $33.5 billion, including record IET RPO of $30.2 billion.Revenue of $7.1 billion, up 13% year-over-year.Net income attributable to the Company of $579 million.GAAP diluted EPS of $0.58 and adjusted diluted EPS* of $0.57.Adjusted EBITDA* of $1,130 million, up 25% year-over-year.Cash flows from operating activities of $348 million and free cash flow* of $106 million.Returns to shareholders of $375 million, including $166 million of sha...

 PRESS RELEASE

Baker Hughes Declares Quarterly Dividend

Baker Hughes Declares Quarterly Dividend HOUSTON and LONDON, July 25, 2024 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR) announced today that the Baker Hughes Board of Directors declared a quarterly cash dividend of $0.21 per share of Class A common stock payable on Aug. 16, 2024, to holders of record on Aug. 6, 2024. In line with our stated goal to responsibly grow the dividend over time, the dividend reflects a 5% increase, or $0.01, compared to the same quarter last year. Baker Hughes expects to fund its quarterly cash dividend from cash generated from operations. About Baker Hughe...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch