Lorenzo Simonelli, CEO of Baker Hughes, recently highlighted the simultaneous growth in demand for both fossil fuels and clean energy. The company, known for its expertise in the oil and gas sector, is positioning itself on two energy fronts.

In terms of figures, Baker Hughes has booked orders worth more than $750 million in the renewable energy sector in 2023, and expects to reach up to $1 billion this year. By 2030, the company expects these figures to rise to $7 billion.

Simonelli stresses that the aim is not only to produce more energy, but also to do it more cleanly. To achieve this, Baker Hughes intends to rely on a combination of organic growth and strategic acquisitions. Among the promising technologies it mentions are direct carbon capture, the use of micro-turbines and integrated clean energy production solutions, such as the one developed in partnership with NetPower, capable of supplying 300 megawatts of clean energy.

The message is clear: the future of energy will be diversified, and technology will play a key role. Baker Hughes seems determined not to miss out on the energy transition, while continuing to meet current fossil fuel needs.

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