Baker Hughes has deepened its relationship with Hydrostor under a new technology solutions and equity agreement announced at the 2026 Baker Hughes Annual Meeting in Florence. The partnership integrates Baker Hughes’ compression, expander, motor and generator technology into Hydrostor’s advanced compressed air energy storage platform, supporting up to 1.4 GW of equipment orders for flagship projects in the U.S. and Australia. This expansion builds on Baker Hughes’ initial investment in Hydrostor since 2019 and positions the company to capture growing demand for long-duration storage solutions that enhance grid resilience and decarbonization efforts worldwide.

For full year 2025, Baker Hughes delivered a record adjusted EBITDA of $4.83 billion, surpassing prior annual highs, and generated a record $2.7 billion in free cash flow. In Q4 2025 alone, the company reported $1.34 billion in adjusted EBITDA and $1.3 billion in free cash flow, both exceeding guidance midpoints. A backlog of $32.4 billion and a book-to-bill ratio above 1.0 underscore strong demand for its services. The Power Systems segment secured $2.5 billion in orders—$1 billion of which was related to data center projects—while the Industrial & Energy Technology segment achieved a record $14.9 billion in full-year orders.