Baker Hughes announces strategic technology solutions and equity agreement with Hydrostor for advanced compressed air energy storage. Deal includes up to 1.4 GW of Baker Hughes equipment orders for Hydrostor’s flagship projects. Baker Hughes CEO emphasizes importance of long-duration energy storage for grid reliability. Hydrostor CEO highlights momentum behind A-CAES technology platform. Baker Hughes to provide power generation and compression technology solutions for Hydrostor’s projects in U.S. and Australia. Baker Hughes is a global energy technology company, while Hydrostor is a leading developer of long-duration energy storage systems.

Read more at Yahoo Finance: Baker Hughes, Hydrostor Will Collaborate on CAES Projects