Baker Hughes and Woodside Energy have announced a joint initiative to develop a lower-carbon power generation technology using the Net Power platform.
The solution is designed for oil and gas, including liquefied natural gas (LNG), heavy industries and other smaller-scale applications.
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Following a 2022 memorandum of understanding focused on decarbonising the natural gas supply chain, the new technology development agreement (TDA) will explore the feasibility and scalability of the Net Power platform in industrial markets.
The Net Power platform, which uses natural gas to generate power with near-total CO₂ capture, could revolutionise captive power generation segments with its affordability and environmental benefits.
The collaboration seeks to expand by inviting additional development partners to refine the platform according to the dynamic needs of different sectors.
Baker Hughes, as the “exclusive provider” for the small-scale application of the technology, is leveraging ongoing development and testing at Net Power’s facilities in Texas to support the TDA’s goals.
Woodside Executive technical and energy development vice-president Julie Fallon said: “We are excited to continue our collaboration with Baker Hughes and leverage their leading-edge technology and our combined engineering and CCUS [carbon capture utilisation and storage] capabilities to explore and develop lower-carbon emissions alternative power solutions using Net Power’s platform.
“This agreement further strengthens our long-standing relationship across the natural gas value chain and our shared journey in the energy transition.”
Baker Hughes Climate Technology Solutions senior vice-president Alessandro Bresciani added: “Baker Hughes is committed to providing innovative solutions that support the decarbonisation of the energy and industrial sectors, and we are honoured to share this journey with our long-standing customer Woodside Energy.
“We believe this framework represents the partnerships and collaborations necessary to develop and scale the energy solutions that support decarbonisation while also meeting the world’s growing energy demand.”
In February 2025, Baker Hughes was chosen as the technology provider for Argent LNG’s proposed export facility in Port Fourchon, Louisiana.
The project will utilise Baker Hughes’ liquefaction solutions, power generation equipment and gas compression systems to produce approximately 24 million tonnes per annum of LNG, with modules prefabricated and tested at its facilities.
