Press release
Baker Hughes Invests in Ekona Power to Accelerate the Delivery of a Lower-Carbon Hydrogen Production Solution
Investment will advance development of a novel methane pyrolysis technology platform to produce cleaner and lower cost turquoise hydrogen Compared to the
About this update from Baker Hughes Company
[{"type":"text","content":"\n\nInvestment will advance development of a novel methane pyrolysis technology platform to produce cleaner and lower cost turquoise hydrogen \n\n\nCompared to the traditional steam methane reforming process used for producing industrial scale hydrogen, Ekona’s novel methane pyrolysis process can produce hydrogen with drastically lower carbon dioxide emissions\n\n\nTechnology applicable for multiple markets including refineries, ammonia or chemical plants, as well as natural gas transmission and distribution companies looking to reduce their GHG emissions footprint\n\n\n HOUSTON & VANCOUVER, British Columbia--(BUSINESS WIRE)--\nBaker Hughes (NYSE: BKR), an energy technology company, has announced an investment in Ekona Power Inc., a growth stage company developing novel turquoise hydrogen production technology. Through its investment, Baker Hughes will enhance its broader hydrogen and natural gas decarbonization solutions portfolio, further contributing to the energy transition.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211109005526/en/\nTurquoise hydrogen is made from methane using pyrolysis, also known as splitting, or cracking. Ekona’s methane pyrolysis solution uses combustion and high-speed gas dynamics in a reactor to separate feedstock methane into hydrogen and solid carbon, drastically reducing carbon dioxide emissions versus the traditional and prevalent steam methane reforming process. The innovative solution is designed to easily integrate with standard equipment for natural gas and hydrogen applications including carbon separation and hydrogen purification, thus simplifying industrial process integration.\n\nThe two companies will join efforts to accelerate the scale up and industrialization of the technology by identifying suitable pilot projects and leveraging Baker Hughes’ leading turbomachinery portfolio as well as established technical expertise in providing modular and scalable solutions for global hydrogen and natural gas projects.\n\n“This strategic investment further demonstrates our commitment to advancing new energy frontiers by accelerating the pace at which novel technologies are being brought to market,” said Rod Christie, executive vice president of Turbomachinery & Process Solutions at Baker Hughes. “Ekona Power’s methane pyrolysis pl...