Baker Hughes Invests in Ekona Power to Accelerate the Delivery of a Lower-Carbon Hydrogen Production Solution
- Investment will advance development of a novel methane pyrolysis technology platform to produce cleaner and lower cost turquoise hydrogen
- Compared to the traditional steam methane reforming process used for producing industrial scale hydrogen, Ekona’s novel methane pyrolysis process can produce hydrogen with drastically lower carbon dioxide emissions
- Technology applicable for multiple markets including refineries, ammonia or chemical plants, as well as natural gas transmission and distribution companies looking to reduce their GHG emissions footprint
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Turquoise hydrogen is made from methane using pyrolysis, also known as splitting, or cracking. Ekona’s methane pyrolysis solution uses combustion and high-speed gas dynamics in a reactor to separate feedstock methane into hydrogen and solid carbon, drastically reducing carbon dioxide emissions versus the traditional and prevalent steam methane reforming process. The innovative solution is designed to easily integrate with standard equipment for natural gas and hydrogen applications including carbon separation and hydrogen purification, thus simplifying industrial process integration.
The two companies will join efforts to accelerate the scale up and industrialization of the technology by identifying suitable pilot projects and leveraging Baker Hughes’ leading turbomachinery portfolio as well as established technical expertise in providing modular and scalable solutions for global hydrogen and natural gas projects.
“This strategic investment further demonstrates our commitment to advancing new energy frontiers by accelerating the pace at which novel technologies are being brought to market,” said
“At Ekona, we are deeply committed to delivering cleaner energy solutions that cost-effectively address industry pain points. Our innovative technology has the potential to produce hydrogen at costs on par with conventional steam methane reformers, while drastically reducing greenhouse gas emissions. In addition, our solution isn’t reliant on CO2 sequestration, so it has the potential to be quickly and broadly deployed across various industries and market regions,”
Baker Hughes will take an approximately 20% stake in Ekona to help advance new project development and commercialization. Baker Hughes will also assume a seat on Ekona’s Board of Directors.
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Source: Baker Hughes