BATON ROUGE, LOUISIANA (Steve Stewart, Energy Analytics Institute, 6.Mar.2025) — Baker Hughes and Austrailia’s Woodside Energy entered into a joint initiative to develop a lower carbon power generation technology solution utilizing the Net Power platform. Said platform is specifically designed for crude oil and natural gas (including liquefied natural gas or LNG), heavy industries and other smaller scale applications.
The patented Net Power platform works by utilizing gas to generate affordable power while inherently capturing nearly all carbon dioxide (CO2) emissions, Baker Hughes announced 6 Mar. 2025 in an official statement.
“This agreement further strengthens our long-standing relationship across the natural gas value chain and our shared journey in the energy transition,” Woodside executive vice president technical and energy development Julie Fallon said in the statement.
To this end, the 2 companies signed a Technology Development Agreement (TDA), to develop the small-scale Net Power platform. The TDA builds on their 2022 Memorandum of Understanding (MOU), which aimed to advance the decarbonization of the gas supply chain.
Baker Hughes and Woodside aim to bring other development partners into the program to tailor the concept to the continuously evolving requirements of different captive power generation segments.
Through the TDA, the program will also focus on assessing feasibility and industrial market scalability of Net Power’s platform.
Baker Hughes is the exclusive provider of the small-scale application of the Net Power platform, and the TDA will benefit from the development and testing currently ongoing both at Net Power’s La Porte, Texas, demonstration facility and the company’s planned first utility-scale power plant near Midland, Texas.
____________________
By Steve Stewart reporting from Baton Rouge. © 2025 Energy Analytics Institute (EAI). All Rights Reserved.
