Baker Hughes Partners with Google Cloud for AI Solutions in Data Centers
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6 days ago
0mins
Should l Buy BKR?
Source: seekingalpha
- AI Solutions Collaboration: Baker Hughes is collaborating with Google Cloud to develop AI-enabled power optimization and sustainability solutions for data centers, combining Baker Hughes' expertise in turbomachinery optimization with Google Cloud's AI capabilities to meet rising power demands.
- Energy Efficiency Enhancement: This partnership aims to identify new pathways for efficient power use, helping data center operators improve efficiency and reliability, thereby accelerating the transition to lower carbon operations in response to global sustainability demands.
- Major Project Support: Baker Hughes has also been selected by ST LNG to supply critical gas compression and power generation equipment for its proposed 8.4 million metric tons/year liquefied natural gas export terminal, showcasing its strong capabilities and market demand in the energy sector.
- Equipment Supply for Project: For the first phase of this project, Baker Hughes will provide two LM6000PF gas turbine-driven centrifugal compressor trains and three NovaLT16 gas turbine generator packages, further solidifying its market position in the liquefied natural gas sector.
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Analyst Views on BKR
Wall Street analysts forecast BKR stock price to fall
13 Analyst Rating
12 Buy
1 Hold
0 Sell
Strong Buy
Current: 63.220
Low
52.00
Averages
61.54
High
67.00
Current: 63.220
Low
52.00
Averages
61.54
High
67.00
About BKR
Baker Hughes Company is an energy technology company that provides solutions to energy and industrial customers worldwide. The Company's segments include Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET). OFSE segment provides products and services for onshore and offshore oilfield operations across the lifecycle of a well, ranging from exploration, appraisal, and development, to production, rejuvenation, and decommissioning. OFSE segment is organized into four product lines: Well Construction; Completions, Intervention, and Measurements; Production Solutions, and Subsea. IET segment provides technology solutions and services for mechanical-drive, compression and power-generation applications across the energy industry including oil and gas, liquefied natural gas operations, downstream refining, and petrochemical markets, as well as lower carbon solutions to broader energy and industrial sectors. IET segment also provides equipment, software, and services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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