Baker Hughes and Venture Global sign power generation deal

Baker Hughes (NASDAQ: BKR) announced a new Power Frame Agreement with Venture Global and GE Vernova to supply behind-the-meter power generation equipment in the United States, according to a press release issued Oct. 15, 2026.

The agreement establishes a framework for the supply of gas turbines, steam turbines, and associated equipment and services for up to 16 new power island units. Baker Hughes will also provide controls and electrical integration technology for each island, including E-house and electrical control systems.

The framework is intended to support Venture Global's liquefied natural gas production and liquefaction operations, as well as potential future data center development adjacent to LNG facilities. Deliveries under the agreement are scheduled from 2028 through 2034.

The deal builds on a power island architecture Baker Hughes previously deployed at Venture Global facilities. Venture Global expects to place its first power island purchase order by the end of 2026, with additional orders anticipated beginning in 2027.

"Behind-the-meter power generation has emerged as a critical component to LNG operations as well as advancing the AI economy, and this framework will replicate what we have already built with Venture Global to develop more power – quickly, safely and at scale," said Baker Hughes Chairman and CEO Lorenzo Simonelli.

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