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Baker Hughes, Frontier Infrastructure Announce Partnership to Accelerate Development of Carbon Capture and Storage, Data Center Projects in the U.S.

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Baker Hughes (NASDAQ: BKR) and Frontier Infrastructure announced a partnership to accelerate carbon capture and storage (CCS) and power solutions in the U.S. Frontier's Sweetwater Carbon Storage Hub (SCS Hub) spans nearly 100,000 acres in Wyoming, providing open-access CO₂ storage for industrial emitters and ethanol producers.

Baker Hughes will supply CCS and power generation technologies, including CO₂ compression, well design, and NovaLT™ gas turbines, enhancing project efficiency and resource allocation.

Frontier has three Class VI permits and has started drilling, with first injection expected by year-end 2025. The partnership aims to optimize project execution, expand infrastructure, and meet rising energy demands with 256 MW of new gas-fired generation capacity.

Baker Hughes anticipates orders as projects progress, leveraging its expertise in turbine technology and CCS innovation to support decarbonization efforts.

Baker Hughes (NASDAQ: BKR) e Frontier Infrastructure hanno annunciato una partnership per accelerare le soluzioni di cattura e stoccaggio del carbonio (CCS) e di produzione energetica negli Stati Uniti. L'Hub di Stoccaggio del Carbonio Sweetwater di Frontier (SCS Hub) si estende per quasi 100.000 acri nel Wyoming, fornendo stoccaggio di CO₂ con accesso aperto per gli emettitori industriali e i produttori di etanolo.

Baker Hughes fornirà tecnologie per CCS e generazione di energia, inclusi compressione di CO₂, progettazione di pozzi e turbine a gas NovaLT™, migliorando l'efficienza del progetto e l'allocazione delle risorse.

Frontier ha ottenuto tre permessi di Classe VI e ha iniziato a perforare, con la prima iniezione prevista entro la fine del 2025. La partnership mira a ottimizzare l'esecuzione del progetto, espandere le infrastrutture e soddisfare la crescente domanda energetica con 256 MW di nuova capacità di generazione a gas.

Baker Hughes prevede ordini man mano che i progetti progrediscono, sfruttando la sua esperienza nella tecnologia delle turbine e nell'innovazione CCS per supportare gli sforzi di decarbonizzazione.

Baker Hughes (NASDAQ: BKR) y Frontier Infrastructure anunciaron una asociación para acelerar las soluciones de captura y almacenamiento de carbono (CCS) y de energía en los EE. UU. El Hub de Almacenamiento de Carbono Sweetwater de Frontier (SCS Hub) abarca casi 100,000 acres en Wyoming, proporcionando almacenamiento de CO₂ de acceso abierto para emisores industriales y productores de etanol.

Baker Hughes suministrará tecnologías de CCS y generación de energía, incluyendo compresión de CO₂, diseño de pozos y turbinas de gas NovaLT™, mejorando la eficiencia del proyecto y la asignación de recursos.

Frontier tiene tres permisos de Clase VI y ha comenzado a perforar, con la primera inyección prevista para finales de 2025. La asociación tiene como objetivo optimizar la ejecución del proyecto, expandir la infraestructura y satisfacer la creciente demanda de energía con 256 MW de nueva capacidad de generación a gas.

Baker Hughes anticipa pedidos a medida que los proyectos avancen, aprovechando su experiencia en tecnología de turbinas e innovación en CCS para apoyar los esfuerzos de descarbonización.

베이커 휴즈 (NASDAQ: BKR)와 프론티어 인프라스트럭처가 미국에서 탄소 포집 및 저장 (CCS)과 전력 솔루션을 가속화하기 위한 파트너십을 발표했습니다. 프론티어의 스위트워터 탄소 저장 허브 (SCS 허브)는 와이오밍에 거의 100,000 에이커에 걸쳐 있으며, 산업 배출자 및 에탄올 생산자를 위한 개방형 CO₂ 저장소를 제공합니다.

베이커 휴즈는 CO₂ 압축, 우물 설계 및 NovaLT™ 가스터빈을 포함한 CCS 및 전력 생성 기술을 공급하여 프로젝트 효율성과 자원 할당을 향상시킬 것입니다.

프론티어는 세 개의 6급 허가를 보유하고 있으며, 첫 번째 주입이 2025년 연말까지 예상되는 드릴링을 시작했습니다. 이 파트너십은 프로젝트 실행을 최적화하고 인프라를 확장하며 256 MW의 새로운 가스 발전 용량으로 증가하는 에너지 수요를 충족하는 것을 목표로 하고 있습니다.

베이커 휴즈는 프로젝트가 진행됨에 따라 주문을 예상하며, 터빈 기술 및 CCS 혁신에 대한 전문성을 활용하여 탈탄소화 노력을 지원할 것입니다.

Baker Hughes (NASDAQ: BKR) et Frontier Infrastructure ont annoncé un partenariat pour accélérer les solutions de capture et de stockage du carbone (CCS) et de production d'énergie aux États-Unis. Le Sweetwater Carbon Storage Hub (SCS Hub) de Frontier s'étend sur près de 100 000 acres dans le Wyoming, offrant un stockage de CO₂ en accès libre pour les émetteurs industriels et les producteurs d'éthanol.

Baker Hughes fournira des technologies de CCS et de production d'énergie, y compris la compression de CO₂, la conception de puits et des turbines à gaz NovaLT™, améliorant l'efficacité du projet et l'allocation des ressources.

Frontier dispose de trois permis de classe VI et a commencé à forer, avec la première injection prévue d'ici la fin de 2025. Le partenariat vise à optimiser l'exécution du projet, à développer les infrastructures et à répondre à la demande énergétique croissante avec 256 MW de nouvelle capacité de génération à gaz.

Baker Hughes anticipe des commandes à mesure que les projets avancent, tirant parti de son expertise en technologie de turbines et en innovation CCS pour soutenir les efforts de décarbonisation.

Baker Hughes (NASDAQ: BKR) und Frontier Infrastructure haben eine Partnerschaft angekündigt, um die Kohlenstoffabscheidung und -speicherung (CCS) sowie Energiesysteme in den USA zu beschleunigen. Das Sweetwater Carbon Storage Hub (SCS Hub) von Frontier erstreckt sich über fast 100.000 Acres in Wyoming und bietet offenen Zugang zu CO₂-Speichern für industrielle Emittenten und Ethanolproduzenten.

Baker Hughes wird CCS- und Energieerzeugungstechnologien bereitstellen, einschließlich CO₂-Kompression, Brunnenplanung und NovaLT™-Gasturbinen, um die Projekteffizienz und Ressourcenzuteilung zu verbessern.

Frontier hat drei Genehmigungen der Klasse VI erhalten und mit dem Bohren begonnen, wobei die erste Einspritzung bis Ende 2025 erwartet wird. Die Partnerschaft zielt darauf ab, die Projektdurchführung zu optimieren, die Infrastruktur auszubauen und die steigende Energienachfrage mit 256 MW neuer gasbetriebener Erzeugungskapazität zu decken.

Baker Hughes rechnet mit Aufträgen, während die Projekte voranschreiten, und nutzt seine Expertise in Turbinentechnologie und CCS-Innovation, um die Dekarbonisierungsanstrengungen zu unterstützen.

Positive
  • Partnership to accelerate CCS and power solutions deployment
  • Nearly 100,000 acres of CO₂ storage at SCS Hub
  • 256 MW of new gas-fired generation capacity
  • Expected orders for Baker Hughes as projects progress
  • Enhanced project efficiency and resource allocation
Negative
  • No immediate financial impact disclosed
  • Potential risks associated with CCS and new infrastructure projects

Insights

This partnership signifies a major advancement in commercial-scale carbon capture and storage infrastructure. Frontier's Sweetwater Carbon Storage Hub brings three critical advantages: nearly 100,000 acres of sequestration capacity, secured Class VI permits (a significant regulatory milestone), and an innovative CO₂-by-rail strategy extending its reach to Midwest ethanol producers beyond local emitters.

Baker Hughes' technological contributions address key CCS implementation challenges through specialized CO₂ compression, well design expertise, and monitoring systems - all critical for efficient carbon sequestration operations. The simultaneous development of 256 megawatts of gas-fired generation capacity demonstrates the complementary nature of reliable power generation alongside carbon management infrastructure.

This integrated approach is particularly timely as data centers drive unprecedented electricity demand across Wyoming and Texas. By combining behind-the-meter power generation with carbon storage capabilities, industrial customers gain both reliable energy supply and potential emissions reduction in a single solution - increasingly valuable as grid constraints impact data center deployment nationwide.

Baker Hughes positions itself uniquely at the intersection of traditional energy technology and decarbonization services, offering critical infrastructure components for both sides of the energy transition equation.

This strategic partnership gives Baker Hughes meaningful exposure to the growing carbon capture market using a capital-efficient business model. Rather than directly investing in project development, Baker Hughes leverages its existing technology portfolio - including CO₂ compression systems, well design expertise, and NovaLT™ gas turbines - creating a potentially lucrative equipment supply arrangement without significant upfront capital commitment.

The announcement indicates orders will materialize "as Frontier projects progress," suggesting a gradual revenue impact rather than immediate financial contribution. With Frontier's first CO₂ injection scheduled for year-end 2025, significant equipment orders would likely come 12-18 months before this milestone.

The 256MW power generation component represents a substantial opportunity for Baker Hughes' NovaLT™ turbine business. These units typically range from 5-20MW capacity, indicating a multi-unit deployment that could generate orders earlier than the CCS infrastructure components.

While financial terms remain undisclosed, this partnership aligns perfectly with Baker Hughes' strategy of leveraging core energy technology competencies in adjacent growth markets. For investors, it represents incremental growth potential in decarbonization without significant business model deviation, maintaining the company's balanced exposure to both traditional energy services and energy transition opportunities.

  • Frontier’s SCS Hub, spanning nearly 100,000 acres in Wyoming, will provide open-access CO₂ storage for industrial emitters and ethanol producers using its CO₂-by-rail strategy
  • Baker Hughes will provide key CCS and power generation technologies, including CO₂ compression, well design, and its industrial NovaLT™ gas turbines to support power solutions for data centers and industrial customers
  • Partnership allows Frontier to move forward with greater efficiencies and resources for project development

HOUSTON and DALLAS and LONDON, March 03, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, and Frontier Infrastructure (“Frontier”), a Tailwater Capital portfolio company and a leading developer of low-carbon infrastructure across the U.S. Mountain West and Texas, on Monday announced a strategic partnership to accelerate the deployment of large-scale carbon capture and storage (CCS) and power solutions in the U.S. As part of the agreement, Baker Hughes will provide innovative technologies and resources in support of the development of large-scale CCS, power generation, and data center projects.

Frontier is leading the development of the Sweetwater Carbon Storage Hub (“SCS Hub”), one of the largest open-source carbon sequestration assets in the country. Spanning nearly 100,000 acres in Wyoming, the hub is designed to support industrial emitters across the region and ethanol facilities across the Midwest utilizing its CO2-by-rail strategy, establishing Frontier as a new standard for scalable carbon storage infrastructure. Frontier currently holds three Class VI permits and has commenced drilling activities on its first wells with first injection commencing year-end 2025.

As part of the agreement, Baker Hughes will provide technology solutions to support the development of the SCS Hub and future infrastructure projects. By leveraging its key technologies for well design, CO₂ compression, and long-term monitoring, Baker Hughes will help optimize project execution, allowing Frontier to move forward with greater efficiency and financial certainty.

To further enhance reliable, lower-carbon energy solutions, Frontier is expanding its infrastructure footprint with new behind-the-meter power generation capacity. This includes the development of 256 megawatts (MW) of gas-fired generation, designed to meet the increasing power demands across Wyoming, the broader Mountain West, and Texas — particularly driven by the rapid expansion of data centers and industrial operations. Baker Hughes’ industrial NovaLT™ gas turbines will be deployed to support power generation, ensuring efficient and flexible energy delivery for Frontier.

“With energy demand rising across the country, industrial customers need scalable, low-carbon solutions, and Frontier’s expanded infrastructure will deliver exactly that,” said Robby Rockey, president and co-CEO of Frontier Infrastructure. “By integrating gas-fired energy with the potential for permanent carbon storage, we are creating a direct, reliable power solution tailored to evolving industrial needs. Baker Hughes’ leadership in turbine technology, drilling services, and CCS innovation makes them an ideal partner in executing this vision.”

“Baker Hughes is committed to delivering innovative solutions that support increasing energy demand, in part driven by the rapid adoption of AI, while ensuring we continue to enable the decarbonization of the industry,” said Lorenzo Simonelli, chairman and CEO of Baker Hughes. “Working with Frontier Infrastructure represents a significant opportunity to demonstrate how Baker Hughes’ portfolio is uniquely positioned to support CCUS projects for lower-carbon industrial and energy development.”

Baker Hughes expects orders, in relation to this agreement, as Frontier projects progress. Frontier is a portfolio company of Tailwater Capital, a private equity firm specializing in integrated energy and environmental infrastructure investments. Frontier was advised by Jefferies LLC as financial adviser and Sidley Austin LLP as legal adviser.

About Baker Hughes
Baker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com.

About Frontier Infrastructure
Frontier Infrastructure is a leading developer of low-carbon infrastructure solutions across the Mountain West and Texas, specializing in integrated power generation and carbon capture and storage projects. The company is at the forefront of industrial decarbonization, providing scalable, permanent carbon storage and behind-the-meter power solutions to support growing regional energy demand. For more information, please visit www.frontierccus.com.

For more information, please contact:

Baker Hughes Media Relations
Chiara Toniato
+39 3463823419
chiara.toniato@bakerhughes.com

Tailwater Capital Media Relations
Jill McMillan
Managing Director, Communications & Public Affairs
+1 214-489-7047
jmcmillan@tailwatercapital.com

Baker Hughes Investor Relations
Chase Mulvehill
+1 346-297-2561
investor.relations@bakerhughes.com

Tailwater Capital Investor Relations
John Schaufele
Managing Director, Investor Relations & Fundraising
Phone: 214-489-7043
Email: jschaufele@tailwatercapital.com

For Inquiries Related to Frontier Infrastructure
Email: info@frontierccus.com


FAQ

What is the significance of the Baker Hughes and Frontier Infrastructure partnership?

The partnership aims to accelerate the deployment of carbon capture and storage (CCS) and power solutions in the U.S.

What does the Sweetwater Carbon Storage Hub (SCS Hub) offer?

The SCS Hub spans nearly 100,000 acres in Wyoming, providing open-access CO₂ storage for industrial emitters and ethanol producers.

What technologies will Baker Hughes provide in this partnership?

Baker Hughes will supply CCS and power generation technologies, including CO₂ compression, well design, and NovaLT™ gas turbines.

When is the first CO₂ injection expected at the SCS Hub?

First CO₂ injection at the SCS Hub is expected by year-end 2025.

What is the new power generation capacity being developed?

Frontier is developing 256 MW of new gas-fired generation capacity.

How does the partnership benefit Baker Hughes?

Baker Hughes expects orders as Frontier projects progress, leveraging its expertise in turbine technology and CCS innovation.

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