Baker Hughes Launches CarbonEdge™, a Digital End-to-End Solution to Mitigate Risk, Optimize Operations and Streamline Reporting for CCUS Projects
Baker Hughes (NASDAQ: BKR) has launched CarbonEdge™, a pioneering digital platform for carbon capture, utilization, and storage (CCUS) operations. This end-to-end solution, powered by Cordant™, offers comprehensive support, regulatory reporting, and operational risk management across the entire CCUS value chain. CarbonEdge provides real-time data and alerts on CO2 flows, enabling customers to manage risk, improve decision-making, and enhance operational efficiency.
As part of a long-term agreement, Wabash Valley Resources (WVR) will be a launch customer, using CarbonEdge for measurement, monitoring, and verification of CO2 in their low-carbon ammonia fertilizer production. Baker Hughes and WVR will collaborate on further developing the platform, which is designed to be fast to deploy and easy to scale across various industries.
Baker Hughes (NASDAQ: BKR) ha lanciato CarbonEdge™, una piattaforma digitale innovativa per le operazioni di cattura, utilizzo e stoccaggio del carbonio (CCUS). Questa soluzione end-to-end, alimentata da Cordant™, offre supporto completo, reportistica regolamentare e gestione del rischio operativo lungo l'intera catena del valore del CCUS. CarbonEdge fornisce dati in tempo reale e avvisi sui flussi di CO2, consentendo ai clienti di gestire i rischi, migliorare il processo decisionale e aumentare l'efficienza operativa.
Come parte di un accordo a lungo termine, Wabash Valley Resources (WVR) sarà un cliente di lancio, utilizzando CarbonEdge per la misurazione, il monitoraggio e la verifica della CO2 nella produzione di fertilizzanti a base di ammoniaca a basse emissioni di carbonio. Baker Hughes e WVR collaboreranno per sviluppare ulteriormente la piattaforma, progettata per essere rapidamente implementabile e facilmente scalabile in diversi settori.
Baker Hughes (NASDAQ: BKR) ha lanzado CarbonEdge™, una plataforma digital pionera para las operaciones de captura, utilización y almacenamiento de carbono (CCUS). Esta solución integral, impulsada por Cordant™, ofrece soporte completo, informes regulatorios y gestión del riesgo operativo a lo largo de toda la cadena de valor del CCUS. CarbonEdge proporciona datos en tiempo real y alertas sobre los flujos de CO2, permitiendo a los clientes gestionar riesgos, mejorar la toma de decisiones y optimizar la eficiencia operativa.
Como parte de un acuerdo a largo plazo, Wabash Valley Resources (WVR) será un cliente inicial, utilizando CarbonEdge para la medición, monitoreo y verificación de CO2 en su producción de fertilizantes a base de amoníaco de bajas emisiones de carbono. Baker Hughes y WVR colaborarán en el desarrollo adicional de la plataforma, diseñada para ser rápida de implementar y fácil de escalar en diversas industrias.
Baker Hughes (NASDAQ: BKR)는 CarbonEdge™라는 혁신적인 디지털 플랫폼을 출시했습니다. 이 플랫폼은 탄소 포집, 활용 및 저장 (CCUS) 작업을 위한 것입니다. Cordant™로 구동되는 이 종합 솔루션은 CCUS 가치 사슬 전반에 걸쳐 포괄적인 지원, 규제 보고 및 운영 위험 관리 기능을 제공합니다. CarbonEdge는 CO2 흐름에 대한 실시간 데이터 및 알림을 제공하여 고객이 위험을 관리하고 의사 결정을 개선하며 운영 효율성을 높일 수 있도록 지원합니다.
장기 계약의 일환으로, Wabash Valley Resources (WVR)는 런칭 고객이 되어 CarbonEdge를 사용하여 저탄소 암모니아 비료 생산에서 CO2의 측정, 모니터링 및 검증을 수행합니다. Baker Hughes와 WVR은 다양한 산업에 걸쳐 빠르게 배포되고 쉽게 확장할 수 있도록 설계된 플랫폼의 추가 개발을 위해 협력할 것입니다.
Baker Hughes (NASDAQ: BKR) a lancé CarbonEdge™, une plateforme numérique innovante pour les opérations de captage, utilisation et stockage du carbone (CCUS). Cette solution de bout en bout, propulsée par Cordant™, offre un soutien complet, des rapports réglementaires et une gestion des risques opérationnels tout au long de la chaîne de valeur du CCUS. CarbonEdge fournit des données en temps réel et des alertes sur les flux de CO2, permettant aux clients de gérer les risques, d'améliorer la prise de décision et d'optimiser l'efficacité opérationnelle.
Dans le cadre d'un accord à long terme, Wabash Valley Resources (WVR) sera un client de lancement, utilisant CarbonEdge pour la mesure, le suivi et la vérification du CO2 dans sa production d'engrais à base d'ammoniac à faibles émissions de carbone. Baker Hughes et WVR collaboreront pour développer davantage la plateforme, conçue pour être rapidement déployée et facilement évolutive dans divers secteurs.
Baker Hughes (NASDAQ: BKR) hat CarbonEdge™ eingeführt, eine wegweisende digitale Plattform für CO2-Abscheidung, Nutzung und Speicherung (CCUS). Diese End-to-End-Lösung, die von Cordant™ betrieben wird, bietet umfassende Unterstützung, regulatorische Berichterstattung und Risikomanagement im operativen Bereich über die gesamte CCUS-Wertschöpfungskette. CarbonEdge liefert Echtzeitdaten und Warnmeldungen zu CO2-Strömen, sodass Kunden Risiken managen, ihre Entscheidungsfindung verbessern und die Betriebseffizienz steigern können.
Im Rahmen einer langfristigen Vereinbarung wird Wabash Valley Resources (WVR) ein Erstkunde sein, der CarbonEdge zur Messung, Überwachung und Verifizierung von CO2 in der Produktion von kohlenstoffarmen Ammoniakdünger einsetzt. Baker Hughes und WVR werden gemeinsam an der weiteren Entwicklung der Plattform arbeiten, die schnell implementierbar und leicht in verschiedenen Branchen skalierbar sein soll.
- Launch of CarbonEdge™, an innovative end-to-end digital platform for CCUS operations
- Long-term agreement with Wabash Valley Resources as a launch customer
- Expansion of Baker Hughes' digital solutions portfolio for new energies
- Potential for application across multiple industries
- None.
Insights
Baker Hughes' launch of CarbonEdge™ is a significant development in the CCUS industry. This end-to-end digital platform addresses a critical need for comprehensive risk management and regulatory compliance in carbon capture projects. The integration of surface and subsurface data across the entire CCUS value chain is a game-changer, potentially streamlining operations and improving decision-making.
The platform's ability to provide real-time data and alerts on CO2 flows is particularly noteworthy, as it can enhance operational efficiency and safety. By offering a unified dashboard for monitoring and reporting, CarbonEdge could become an essential tool for CCUS project operators, especially as regulatory scrutiny in this sector increases.
However, the success of CarbonEdge will largely depend on its scalability and ease of integration with existing systems. Baker Hughes' collaboration with Wabash Valley Resources for further development is a smart move, allowing for real-world testing and refinement of the platform.
The introduction of CarbonEdge™ by Baker Hughes is a pivotal advancement in CCUS technology. This platform could play a important role in accelerating the adoption of CCUS projects, which are essential for meeting global decarbonization goals. By simplifying regulatory reporting and risk management, CarbonEdge addresses two major hurdles in CCUS implementation.
The platform's comprehensive approach, covering the entire CCUS lifecycle, aligns well with the increasing demand for integrated solutions in the fight against climate change. Its potential to enhance the efficiency and reliability of CCUS operations could make these projects more economically viable and attractive to investors.
However, it's important to note that while technological solutions like CarbonEdge are crucial, they must be complemented by supportive policy frameworks to truly drive widespread CCUS adoption. The success of this platform could potentially influence future regulatory standards in the CCUS industry.
Baker Hughes' launch of CarbonEdge™ positions the company as a leader in the growing CCUS market. This move could diversify Baker Hughes' revenue streams and potentially offset declines in traditional oil and gas services. The CCUS market is projected to grow significantly and being the only provider offering such a comprehensive solution gives Baker Hughes a competitive edge.
The long-term agreement with Wabash Valley Resources provides an immediate revenue opportunity and a valuable reference case for future sales. However, investors should note that the financial impact may take time to materialize, as CCUS projects often have long development cycles.
While the potential is significant, the success of CarbonEdge will depend on market adoption rates and the pace of CCUS project implementations. Investors should monitor key performance indicators such as customer acquisition, platform utilization and contribution to overall revenue in future earnings reports to gauge the success of this initiative.
- CarbonEdge™ connects subsurface and surface data across carbon capture, utilization and storage (CCUS) infrastructure
- Solution draws on Baker Hughes’ technology, long-standing domain expertise across its diverse portfolio ready to serve entire CCUS value chain
- Wabash Valley Resources will leverage CarbonEdge for measurement, monitoring, and verification of CO2 and collaborate with Baker Hughes on the solution’s continued development
HOUSTON and LONDON, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Thursday the launch of CarbonEdge™, powered by Cordant™, the first end-to-end, risk-based digital platform for CCUS operations that provides comprehensive support, regulatory reporting, and operational risk management.
With an intuitive, integrated dashboard, CarbonEdge delivers precise, real-time data and alerts on carbon dioxide (CO2) flows across CCUS infrastructure, from carbon capture and compression to pipeline transportation, as well as subsurface storage. This connectivity across the entire CCUS project lifecycle enables customers to identify and manage risk, improve decision-making, enhance operational efficiency, and simplify regulatory reporting.
Baker Hughes offers a broad portfolio of technologies and expertise to manage and deliver synergy across the entire CCUS value chain. The launch of CarbonEdge makes Baker Hughes the only provider combining advanced risk management and reporting technology for measurement, monitoring and verification (MMV) of CO2 with comprehensive digital monitoring, engineering expertise and domain knowledge across surface and subsurface planning and operations. Integration with Baker Hughes' subsurface and autonomous modeling solutions delivers storage site characterization workflows and comprehensive MMV frameworks.
“CCUS technology solutions are essential for driving decarbonization of the energy and industrial sectors on our path to solving for climate change,” said Baker Hughes Chairman and CEO Lorenzo Simonelli. “With the launch of CarbonEdge, we not only expand our portfolio of digital solutions to support new energies and empower our customers’ ability to mitigate risk while enhancing operational efficiency, but also take a bold step toward a future with more sustainable energy development. We look forward to working alongside Wabash Valley Resources to refine and evolve CarbonEdge, ensuring it continues to meet the dynamic needs of a rapidly changing industry.”
In July 2024, Wabash Valley Resources (WVR), a pioneer in low-carbon ammonia fertilizer production, and Baker Hughes signed a long-term agreement to supply advanced technology services and solutions to support WVR’s ammonia production with compression systems, injection well construction and perform testing and monitoring services for the geological sequestration of CO2. As a launch customer, WVR will leverage CarbonEdge to measure, monitor and verify the volumes of CO2 collected, transported and sequestered underground. The companies will also collaborate closely on the further development of the CarbonEdge platform.
Applicable to any CCUS infrastructure applied across multiple industries, CarbonEdge, powered by Cordant, is expected to be fast to deploy and easy to scale, ensuring seamless connectivity, data synchronization and interoperability across various components of the digital ecosystems of Baker Hughes and its customers.
The first fully integrated digital offering within Baker Hughes’ Climate Technology Solutions portfolio, CarbonEdge joins Baker Hughes’ digital solutions such as JewelSuite, Leucipa™ and Cordant™, which span the energy and industrial value chains to increase efficiency, enhance operational predictability, and help ensure lower emissions.
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.
For more information, please contact:
Media Relations
Chiara Toniato
+39 3463823419
chiara.toniato@bakerhughes.com
Investor Relations
Chase Mulvehill
+1 346-297-2564
investor.relations@bakerhughes.com
FAQ
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