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New agreement will eliminate 12 percent of the company’s global carbon footprint*
HOUSTON – Dec. 11, 2019 – Baker Hughes (NYSE: BKR) announced a significant new advancement supporting its commitment to achieve net-zero carbon equivalent emissions by 2050 by entering into an agreement to purchase 100 percent of its Texas electricity from renewable sources. The agreement will eliminate 12 percent of the company’s global carbon equivalent emissions* and will result in a reduction of 1.2 million metric tons of CO2 eq. emissions over the 10-year term of the agreement — the equivalent of removing more than 27,000 cars from the road.
In January 2019, Baker Hughes committed to reduce its CO2 eq. emissions 50 percent by 2030 and to achieve net-zero CO2 eq. emissions by 2050. It also committed to partnering with customers to advance low-emissions technologies and to invest in emissions reduction technologies. Through 2018, Baker Hughes has already reduced its own CO2 eq. emissions 34 percent since 2012. This new renewable energy agreement represents the next major reduction on the road to net-zero emissions.
Designed in collaboration with Energy Edge Consulting and EDF Energy Services, the agreement combines renewable energy from the Texas-based White Mesa Wind project, owned and developed by Apex Clean Energy and the Talitha solar project, owned and developed by 7X Energy. The combination of wind and solar assets creates an energy production profile that aligns with Baker Hughes’ electricity use patterns around the clock and is more beneficial than purchasing all of the company’s Texas energy needs from a single renewable asset.
“With more than 170 Baker Hughes facilities in the state, Texas represents our largest region for energy use,” said Kevin Wetherington, Baker Hughes chief health, safety, environment and quality officer. “We see this commitment to Texas-generated renewable power as an important step in our progress toward net-zero emissions, and we have many more projects underway to continue to reduce our global emissions.”
This latest effort builds on the use of renewables in other areas around the globe, including the United Kingdom, where 24 Baker Hughes facilities have used 100 percent wind power since 2014. Renewable hydroelectric energy is now used at Baker Hughes’ campus in Celle, Germany, and on-site solar power is utilized at its sites in Billerica, Mass., U.S., and Vibo, Italy, among others.
*12 percent reduction is compared to our 2012 baseline.
About Baker Hughes
Baker Hughes (NYSE: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and with operations in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com.
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