Baker Hughes (NYSE: BKR) and Air Products have announced a strategic global collaboration. Baker Hughes (NYSE: BKR) and Air Products (NYSE: APD) have announced a strategic global collaboration to develop “next generation” hydrogen compression to lower the cost of production and accelerate the adoption of hydrogen as a zero carbon fuel. As part of the collaboration, Baker Hughes will provide Air Products with advanced hydrogen compression and gas turbine technology for global projects, the companies noted in a joint statement. This includes the supply of NovaLT16 turbines for Air Products’ net zero hydrogen energy complex in Alberta, Canada, and advanced compression technology for the NEOM carbon free hydrogen project in the Kingdom of Saudi Arabia, the companies highlighted. “Our transformative hydrogen compression and gas turbine technology lowers the overall production cost for new energy frontiers such as hydrogen and is a strategic enabler for key projects,” Rod […]