Houston oilfield services giant makes deal to transition airports to cleaner energy
A Houston-headquartered oilfield services company has announced a partnership with an airport manager and operator to develop lower-carbon solutions for the airport industry.
Baker Hughes (NASDAQ: BKR) announced today that it has entered into a memorandum of understanding with Virginia-based Avports. The agreement is "to develop, implement and operate onsite microgrid solutions for the airport industry," according to a news release from Baker Hughes, with a goal of reducing emissions and work toward a future with zero-emission infrastructure, including buildings, vehicles, etc.
"Baker Hughes' commitment to emissions reductions has allowed us to develop and successfully deploy low-carbon and hydrogen technologies to advance the energy transition in many industries," Bob Perez, vice president of project development at Baker Hughes, says in the statement. "The opportunity to bring these solutions to airports, in collaboration with Avports' proven track record in airport management, is very promising as the increasing needs and demands of these infrastructures must be more resilient, efficient and cost-effective."
Avports, which was founded in 1927 as a division of Pan American World Airways, manages and operates small to mid-sized airports across the country, and has already made investments in innovative and sustainable initiatives, including introducing green hydrogen solutions. Baker Hughes will bring its energy technology portfolio, such as hydrogen-ready turbines and heat recovery solutions for grid use, to the table.
"Providing a technical and economic roadmap to airports to meet their energy needs of the future is key as an airport management and operations company," Jorge Roberts, CEO of Avports, says in the release. "Our partnership with Baker Hughes brings world-class technology and know-how together with our ability to support airport customers to realize these solutions at their facility."
Baker Hughes has entered into a few partnerships this year with energy transition goals. In May, the Houston company announced a partnership with ADNOC to explore green and low-carbon hydrogen solutions. In March, Baker Hughes collaborated with HIF Global, an eFuels company, for a direct air capture project. Additionally in March, Ecopetrol, Baker Hughes, and the hydroelectric power plant Central Hidroeléctrica de Caldas of Grupo EPM, signed an MoU to potentially implement a geothermal power generation project in Colombia.