Hydrostor, Baker Hughes Extend Partnership On Energy Storage Technology

KUALA LUMPUR, Jan 29 (Bernama) -- Hydrostor, a global long duration energy storage (LDES) developer and operator, and Baker Hughes, an energy technology company, have announced a strategic technology solutions and equity agreement to advance large-scale energy storage projects.

Under the agreement, Baker Hughes will integrate its technology capabilities into Hydrostor’s core design offering for its advanced compressed air energy storage (A-CAES) solution. This includes up to 1.4 gigawatts (GW) of Baker Hughes equipment orders for Hydrostor’s flagship projects.

Hydrostor co-founder and chief executive officer (CEO), Curtis VanWalleghem said the agreement underscores growing momentum behind the company’s A-CAES platform, which is designed to provide cost-effective reliability and resilience to power grids worldwide.

“We are excited to build on our relationship with Baker Hughes as we near construction for our flagship projects and work to expand our project pipeline, as load grows and artificial intelligence data centre infrastructure is being built out globally,” he said in a statement.

Meanwhile, Baker Hughes chairman and CEO, Lorenzo Simonelli said Hydrostor's innovative approach offers a low-carbon solution to support power reliability across a diverse mix of energy generation sources.

“We are proud to support Hydrostor with critical technology to accelerate these projects, supporting greater global grid resilience and enabling sustainable power systems at scale,” added Simonelli.

Baker Hughes has been an investor in Hydrostor since 2019, and this latest strategic agreement marks an expansion of the relationship as Hydrostor advances toward construction of its flagship projects in the United States and Australia.

In the initial phase, Hydrostor plans to deploy up to 1.4 GW of power generation and compression technology from Baker Hughes’ portfolio, including compression, expander, motor and generator systems.

-- BERNAMA