Baker Hughes' NovaLT Gas Turbines To Power Data Centers Amid Growing AI Demand

On Thursday, Baker Hughes Company BKR received a contract from TURBINE-X Energy Inc. to supply its NovaLT gas turbine technology.

The NovaLT gas turbine is a versatile multi-fuel solution capable of starting up and operating on a range of fuels, including natural gas, hydrogen blends, and 100% hydrogen.

As part of the deal, Baker Hughes will supply equipment, such as gears and power generation generator technology, for several data center projects throughout North America.

This technology is aimed at meeting the growing power demands from the data center industry.

Baker Hughes executive vice president Ganesh Ramaswamy credits “surging demand for generative AI” for increasing opportunities for the company’s power generation solutions to support behind-the-meter power requirements for data centers.

This announcement comes after Baker Hughes disclosed a partnership with Frontier Infrastructure to accelerate large-scale carbon capture and storage (CCS) and power solutions in the U.S this month.

Last week, the company said today that it has been selected by the U.S. Air Force and the Department of Defense's Chief Digital and Artificial Intelligence Office to explore opportunities in geothermal energy development.

The company will announce the results of the first quarter on Tuesday, April 22, 2025.

Investors can gain exposure to the stock via iShares U.S. Oil Equipment & Services ETF IEZ and VanEck Oil Services ETF OIH.

Price Action: BKR shares are up 0.38% at $42.64 premarket at the last check Thursday.

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