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Stock impact report

Baker Hughes to Supply Snam with Hydrogen-Ready Technology to Support Decarbonization and Resilience of the Italian Gas Network

Baker Hughes Company (BKR) 
Company Research Source: GlobeNewswire
Baker Hughes will supply Snam, a leading European energy infrastructure company, with three turbocompressors driven by NovaLT™12 gas turbine technology, offering fuel flexibility of up to 10% hydrogen blend with natural gasAward marks another significant milestone in the decarbonization of Italy’s gas network infrastructure and builds on the long-standing collaboration between the two companies FLORENCE, Italy, April 03, 2024 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Wednesday it was awarded a contract to be booked in the first quarter of 2024 from Snam, Europe’s leading operator in natural gas transportation, storage and regasification, to provide three NovaLT™12 gas turbine driven compressor trains for a new gas compressor station in Sulmona (Italy). The station is an integral part of Adriatic Line, a Snam pipeline project, whose first phase was included in Italy’s National Recovery and Resilience Plan (PNRR) as part of the REpowerE Show less Read more
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