Overview
- The companies announced the strategic technology solutions and equity agreement on Jan. 28 at Baker Hughes’ annual meeting in Florence, Italy.
- Hydrostor will integrate Baker Hughes compression, expander, motor and generator systems into its advanced compressed air energy storage platform.
- The initial equipment scope covers up to 1.4 GW to supply Hydrostor’s flagship projects as they approach construction.
- The agreement advances projects in the U.S. and Australia and supports a wider pipeline across North America, Australia and Europe.
- Baker Hughes has been an investor in Hydrostor since 2019, and executives said the expanded collaboration targets grid reliability as electricity demand grows, including from AI data centers.