Baker Hughes to invest in Ekona Power.

Baker Hughes, an energy technology company, agreed to invest in Ekona Power, a company develops novel turquoise hydrogen production technology. Financial terms are not disclosed. “This strategic investment further demonstrates our commitment to advancing new energy frontiers by accelerating the pace at which novel technologies are being brought to market. Ekona Power’s methane pyrolysis platform for the production of cleaner and lower cost turquoise hydrogen builds on our growing and diverse portfolio of decarbonization technologies, including blue and green hydrogen, CCUS and emissions management solutions. Through the adoption of this technology, the industry can leverage existing and abundant natural gas reserves to produce lower carbon hydrogen and accelerate its use across the energy value chain,” Rod Christie, Baker Hughes Executive Vice President.