We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Baker Hughes Launches CarbonEdge to Revolutionize CCUS Operations
Read MoreHide Full Article
Baker Hughes Company (BKR - Free Report) has unveiled CarbonEdge, a cutting-edge digital solution designed to streamline carbon capture, utilization, and storage (CCUS) operations.
The platform aims to enhance operational efficiency, mitigate risks and support regulatory compliance, all while contributing to the global push toward decarbonization.
Powered by Baker Hughes’ Cordant industrial software, CarbonEdge offers an end-to-end platform for monitoring and optimizing CO2 flows throughout CCUS infrastructure. The solution integrates real-time data, providing instantaneous insights and alerts to ensure smooth operations across every stage of the CCUS lifecycle, from carbon capture and compression to pipeline transport and subsurface storage.
The introduction of CarbonEdge represents a significant leap in the CCUS technology, positioning Baker Hughes as a leading player in the industry. The company becomes the sole provider of advanced risk management and regulatory reporting tools for CO2 measurement, monitoring and verification with this platform. This capability enables customers to not only track their emissions more effectively but also optimize their carbon sequestration projects.
According to Baker Hughes, the platform is designed for rapid deployment and scalability, making it versatile for use across a range of industries. It seamlessly connects with existing digital infrastructure, enabling smooth data synchronization and enhancing operational decision-making.
Wabash Valley Resources, a low-carbon ammonia producer, has signed a long-term agreement to be the first customer to utilize CarbonEdge. This partnership will enable Wabash Valley to measure and verify CO2 sequestration more efficiently, contributing to the development of the platform’s capabilities.
As part of its broader Climate Technology Solutions portfolio, Baker Hughes views CarbonEdge as a key driver in helping energy and industrial sectors reduce their carbon footprint. The platform joins other Baker Hughes digital solutions, including JewelSuite, Leucipa and Cordant, which aim to boost operational efficiency while reducing emissions.
In an era when CCUS is playing an increasingly critical role in global climate strategies, CarbonEdge’s launch is timely. With CarbonEdge, Baker Hughes not only expands its portfolio of digital solutions but also reinforces its commitment to fostering a future wherein energy development is more sustainable.
Price Performance
BKR shares have outperformed the industry in the past six months. The stock has gained 4.4% against the industry’s 14.3% decline.
Image Source: Zacks Investment Research
Zacks Rank & Stocks to Consider
Baker Hughes currently carries a Zack Rank #3 (Hold).
MPLX derives stable fee-based revenues from long-term contracts, with minimal exposure to commodity-price fluctuations. The partnership’s robust capital expenditure forecast for 2024, along with significant expansion initiatives, underscores its commitment to sustainable growth.
The Zacks Consensus Estimate for MPLX’s 2024 EPS is pegged at $4.29. It has witnessed upward earnings estimate revisions for 2024 and 2025 in the past 30 days.
Core Laboratories, an oilfield services company, has a deep portfolio of sophisticated, proprietary products and services that position it to take advantage of the growing maturity in the global hydrocarbon reserve base. CLB’s expanding international upstream projects indicate a positive trajectory for revenues and profitability, especially as oil demand continues to rise globally.
The Zacks Consensus Estimate for CLB’s 2024 EPS is pegged at 95 cents. The company has a Zacks Style Score of B for Value and Growth. It has witnessed upward earnings estimate revisions for 2024 and 2025 in the past seven days.
TechnipFMCis a leading manufacturer and supplier of products, services and fully integrated technology solutions for the energy industry, with a focus on the subsea segment in offshore basins worldwide. FTI’s growing backlog ensures strong revenue visibility and supports margin improvements.
The Zacks Consensus Estimate for FTI’s 2024 EPS is pegged at $1.34. The company has a Zacks Style Score of B for Value and A for Growth. It has witnessed upward earnings estimate revisions for 2024 and 2025 in the past 30 days.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Shutterstock
Baker Hughes Launches CarbonEdge to Revolutionize CCUS Operations
Baker Hughes Company (BKR - Free Report) has unveiled CarbonEdge, a cutting-edge digital solution designed to streamline carbon capture, utilization, and storage (CCUS) operations.
The platform aims to enhance operational efficiency, mitigate risks and support regulatory compliance, all while contributing to the global push toward decarbonization.
Powered by Baker Hughes’ Cordant industrial software, CarbonEdge offers an end-to-end platform for monitoring and optimizing CO2 flows throughout CCUS infrastructure. The solution integrates real-time data, providing instantaneous insights and alerts to ensure smooth operations across every stage of the CCUS lifecycle, from carbon capture and compression to pipeline transport and subsurface storage.
The introduction of CarbonEdge represents a significant leap in the CCUS technology, positioning Baker Hughes as a leading player in the industry. The company becomes the sole provider of advanced risk management and regulatory reporting tools for CO2 measurement, monitoring and verification with this platform. This capability enables customers to not only track their emissions more effectively but also optimize their carbon sequestration projects.
According to Baker Hughes, the platform is designed for rapid deployment and scalability, making it versatile for use across a range of industries. It seamlessly connects with existing digital infrastructure, enabling smooth data synchronization and enhancing operational decision-making.
Wabash Valley Resources, a low-carbon ammonia producer, has signed a long-term agreement to be the first customer to utilize CarbonEdge. This partnership will enable Wabash Valley to measure and verify CO2 sequestration more efficiently, contributing to the development of the platform’s capabilities.
As part of its broader Climate Technology Solutions portfolio, Baker Hughes views CarbonEdge as a key driver in helping energy and industrial sectors reduce their carbon footprint. The platform joins other Baker Hughes digital solutions, including JewelSuite, Leucipa and Cordant, which aim to boost operational efficiency while reducing emissions.
In an era when CCUS is playing an increasingly critical role in global climate strategies, CarbonEdge’s launch is timely. With CarbonEdge, Baker Hughes not only expands its portfolio of digital solutions but also reinforces its commitment to fostering a future wherein energy development is more sustainable.
Price Performance
BKR shares have outperformed the industry in the past six months. The stock has gained 4.4% against the industry’s 14.3% decline.
Image Source: Zacks Investment Research
Zacks Rank & Stocks to Consider
Baker Hughes currently carries a Zack Rank #3 (Hold).
Investors interested in the energy sector may look at some better-ranked stocks like MPLX LP (MPLX - Free Report) , Core Laboratories Inc. (CLB - Free Report) and TechnipFMC plc (FTI - Free Report) . MPLX currently sports a Zacks Rank #1 (Strong Buy), and Core Laboratories and TechnipFMC carry a Zacks Rank #2 (Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.
MPLX derives stable fee-based revenues from long-term contracts, with minimal exposure to commodity-price fluctuations. The partnership’s robust capital expenditure forecast for 2024, along with significant expansion initiatives, underscores its commitment to sustainable growth.
The Zacks Consensus Estimate for MPLX’s 2024 EPS is pegged at $4.29. It has witnessed upward earnings estimate revisions for 2024 and 2025 in the past 30 days.
Core Laboratories, an oilfield services company, has a deep portfolio of sophisticated, proprietary products and services that position it to take advantage of the growing maturity in the global hydrocarbon reserve base. CLB’s expanding international upstream projects indicate a positive trajectory for revenues and profitability, especially as oil demand continues to rise globally.
The Zacks Consensus Estimate for CLB’s 2024 EPS is pegged at 95 cents. The company has a Zacks Style Score of B for Value and Growth. It has witnessed upward earnings estimate revisions for 2024 and 2025 in the past seven days.
TechnipFMCis a leading manufacturer and supplier of products, services and fully integrated technology solutions for the energy industry, with a focus on the subsea segment in offshore basins worldwide. FTI’s growing backlog ensures strong revenue visibility and supports margin improvements.
The Zacks Consensus Estimate for FTI’s 2024 EPS is pegged at $1.34. The company has a Zacks Style Score of B for Value and A for Growth. It has witnessed upward earnings estimate revisions for 2024 and 2025 in the past 30 days.