AI-Driven Energy Demand Boosts Baker Hughes Projects

Baker Hughes has seen no slowdown in investment for major energy projects despite higher borrowing costs. According to CEO Lorenzo Simonelli, robust demand for natural gas and power from artificial intelligence infrastructure buildouts is driving this trend.

The company's outlook for the energy sector remains strong, with Simonelli predicting an 'energy demand decade' where natural gas plays a central role. He cited off-take agreements and energy demand forecasts as key factors supporting project bankability.