Baker Hughes (NYSE:BKR), an energy technology company, has announced an investment in Electrochaea, a growth stage company developing novel proprietary bio-methanation technology. Through its investment, Baker
Landmark project aims to capture and store up to 630,000 tonnes of carbon dioxide (CO2) emissions annually - including ~70% that are biogenic - from three main locations.
Borg CO2 and Baker Hughes aim to progress
As the global energy sector transitions from fossil fuels to clean energy in the next several decades, the companies servicing the oil and gas industry are also looking to transition their businesses from servicing oilfields to servicing clean energy operations.
Companies Reporting Before The Bell
• ASML Holding (NASDAQ:ASML) is likely to report quarterly earnings at $3.02 per share on revenue of $4.60 billion.