(NASDAQ:BKR) HOUSTON and LONDON, Sept. 02, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Tuesday an award from Fervo Energy Company, the leader in next-generation geothermal energy, to design and deliver equipment for five Organic Rankine Cycle (ORC) power plants at Fervo’s Cape Station power generation project near Milford, Utah, United States. Once operational, the five Cape Phase II ORC plants will generate approximately 300 megawatts of clean, reliable, and affordable power to the grid, equivalent power to approximately 180,000 homes.
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How will Baker Hughes' earnings be impacted by the Fervo Energy ORC equipment contract?
What is the expected timeline for the Cape Phase II plants to become operational and impact cash flow?
How does this geothermal partnership position Baker Hughes relative to competitors in the renewable energy equipment market?