The two companies will join efforts to accelerate the scale-up and industrialisation of Silbat’s LDES storage technology.

Baker Hughes (NYSE: BKR), an energy technology company, invests in Silbat. Through its investment, Baker Hughes intends to broaden its Long Duration Energy Storage (LDES) solutions portfolio, further contributing to the energy transition.

The two companies will join efforts to accelerate the scaleup and industrialization of the technology by identifying suitable pilot projects, leveraging Baker Hughes’ leading portfolio, and providing modular and scalable solutions.

Baker Hughes will take an approximately 20% stake in Silbat to help advance project development and commercialization. Baker Hughes will also assume a seat on Silbat’s Board of Directors.