Baker Hughes to acquire a 15% stake in Electrochaea.

Baker Hughes, a provider of oilfield products and services, agreed to acquire a 15% stake in Electrochaea, a cleantech start-up developing a disruptive grid-scale energy storage technology known as power-to-gas. Financial terms were not disclosed. “Delivering synthetic natural gas at grid scale would be a remarkable development for energy consumers. By combining Baker Hughes’ carbon capture technology process with biomethanation, customers could potentially deploy large-scale plants to reduce the carbon impact of existing gas infrastructure. We look forward to working with Baker Hughes to scale up this promising new solution," Mich Hein, Electrochaea CEO.