Baker Hughes Joins Frontier in Expanding CCS, Power Projects

Baker Hughes Company (BKR), a leading energy technology company, and Frontier Infrastructure have announced a strategic partnership to accelerate large-scale carbon capture and storage (CCS) and power generation projects in the United States. The collaboration is aimed at enhancing industrial decarbonization efforts, particularly through the development of Frontier’s Sweetwater Carbon Storage Hub (SCS Hub) in Wyoming.BKR Supports Frontier’s Large-Scale CCS HubFrontier’s SCS Hub spans nearly 100,000 acres and is one of the largest open-access carbon sequestration assets in the country. The hub is designed to serve industrial emitters and ethanol producers across the Midwest, utilizing a CO2-by-rail strategy. With the issuance of three Class VI permits, drilling activities are underway and the first CO2 injection is expected by the end of 2025.Baker Hughes will account for critical CCS technologies, including CO2 compression, well design and long-term monitoring solutions. These innovations will help Frontier optimize efficiency and financial certainty as it moves forward with project execution.BKR’s Gas Turbines to Power Frontier’s ExpansionIn addition to CCS, the partnership includes a focus on expanding behind-the-meter power generation. Frontier plans to develop 256 megawatts of gas-fired generation to meet growing energy demands across Wyoming, the Mountain West and Texas. Baker Hughes will supply its NovaLT™ industrial gas turbines, ensuring efficient and flexible power solutions for data centers and industrial customers.Frontier’s president and co-CEO, Robby Rockey, emphasized the need for scalable, low-carbon solutions, stating that integrating gas-fired power with permanent carbon storage will create reliable energy infrastructure.BKR Eyes Growth in CCUS and Industrial DecarbonizationBaker Hughes CEO Lorenzo Simonelli highlighted the company’s commitment to supporting rising energy demand while advancing decarbonization. With AI-driven industrial expansion fueling power needs, the company sees CCS and gas-fired solutions as key components of a low-carbon energy future.As Frontier’s projects progress, Baker Hughes expects to receive new orders for its technology solutions. The partnership underscores BKR’s growing presence in the carbon capture, utilization and storage space, aligning with the broader industry push for sustainable energy infrastructure.Zacks Rank & Key PicksCurrently, Baker Hughes carries a Zacks Rank #3 (Hold).Investors interested in the energy sector may look at some better-ranked stocks like Antero Resources Corporation AR, NextDecade Corporation NEXT and EOG Resources, Inc. EOG. While Antero Resources presently sports a Zacks Rank #1 (Strong Buy), NextDecade and EOG Resources carry a Zacks Rank #2 (Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.Antero Resources, one of the fastest-growing natural gas producers in the United States, boasts a strategic acreage position in the low-risk properties of the Appalachian Basin. The company has more than two decades of premium low-cost drilling inventory in the prolific basin, securing a strong production outlook. AR is well-positioned to capitalize on the increasing demand for LNG, both in the United States and globally. NextDecade is an emerging player in the LNG space with its Rio Grande LNG project in Texas. As demand for LNG continues to grow, the company’s strategic investments in infrastructure and its planned liquefaction capacity provide strong upside potential. With the global LNG market expanding, NEXT is well-positioned to tap into the increasing export demand from the United States.EOG Resources is an oil and gas exploration and production company with an attractive growth profile, upper-quartile returns and a disciplined management team. With highly productive acreages in premier oil shale plays like the Permian and Eagle Ford, the company has numerous untapped high-quality drilling sites. Additionally, EOG maintains a strong balance sheet and continues to reward shareholders with regular and special dividends. Zacks Names #1 Semiconductor StockIt's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report EOG Resources, Inc. (EOG): Free Stock Analysis Report Baker Hughes Company (BKR): Free Stock Analysis Report Antero Resources Corporation (AR): Free Stock Analysis Report NextDecade Corporation (NEXT): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks