Baker Hughes And Avports Sign Agreement To Develop Lower-carbon Energy Solutions For Airport Industry
Portfolio Pulse from Happy Mohamed
Energy technology company Baker Hughes (NASDAQ:BKR) has signed a memorandum of understanding with airport management and operations company Avports to develop, implement and operate onsite microgrid solutions for the airport industry. The collaboration aims to address emissions reduction and the global industry's goal to focus on zero-emission buildings, horizontal airport infrastructure, vehicles and aircraft systems. The partnership will leverage Baker Hughes' energy technology portfolio, including hydrogen-ready turbines and heat recovery solutions, and Avports' focus on airport innovation and sustainability initiatives.
August 08, 2023 | 12:26 pm
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Baker Hughes' partnership with Avports to develop lower-carbon energy solutions for the airport industry could potentially enhance its reputation as a leader in energy technology and sustainability. This could have a positive impact on its stock in the short term.
The partnership with Avports allows Baker Hughes to showcase its energy technology portfolio in a new industry - airports. This could potentially attract more clients and investors, leading to a positive impact on its stock price.
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