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Baker Hughes completed the investment in NET Power.

Synopsis

Baker Hughes, an energy technology company, completed the investment in NET Power, a developer of a low-cost, emissions-free natural gas power generation technology. Financial terms were not disclosed. “We are excited to join other global leaders and innovators to help reduce greenhouse gas emissions by advancing step changes in critical infrastructure, including clean integrated power. NET Power’s emissions-free power technology solution is driven by advances in clean power efficiency and carbon capture which are key enablers and demonstrate the vital role climate technology plays in enabling the energy transition," Rod Christie, Baker Hughes Executive Vice President of Turbomachinery & Process Solutions.

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