Baker Hughes
Baker Hughes is one of the world's largest oilfield-services companies, providing drilling, completion, and production equipment; it is redeploying its drilling expertise into enhanced-geothermal energy production.
Last refreshed: 26 May 2026 · Appears in 1 active topic
Why is an oilfield driller the key partner in delivering carbon-free power to Meta's data centres?
Timeline for Baker Hughes
committed oilfield drilling expertise to XGS Energy's 150 MW New Mexico geothermal project
Data Centres: Boom and Backlash: Baker Hughes drills geothermal for MetaWhat is Baker Hughes doing in geothermal energy?
Why is Baker Hughes partnering with XGS Energy on geothermal?
How big is Baker Hughes and what does it normally do?
Background
Baker Hughes is one of the world's three largest oilfield-services companies, providing drilling equipment, completion technology, and production services to the oil and gas industry globally. In May 2026 it emerged as the development partner for XGS Energy's 150 MW enhanced-geothermal project in New Mexico, with Meta as the anchor customer. Baker Hughes is deploying its oil and gas directional-drilling expertise — specifically the ability to drill through hot dry rock with precision — to a domain where that capability has never been commercially scaled.
Founded in 1987 through the merger of Baker International and Hughes Tool, Baker Hughes is headquartered in Houston, Texas, and operates across more than 120 countries. It reported revenues of approximately $13.8 billion in fiscal year 2025. The company has been actively diversifying into energy transition technologies, including carbon capture, hydrogen, and geothermal, as oil majors reduce capital expenditure and the energy mix shifts. Its partnership with XGS Energy is its most visible geothermal commitment to date.
The strategic logic is clear: enhanced geothermal requires drilling through hard rock to depths of 3-6 km at temperatures above 200°c — conditions similar to deep oil and gas wells. Baker Hughes's drill-bit metallurgy, downhole measurement tools, and directional-drilling capacity transfer directly. If XGS's New Mexico project demonstrates commercial viability, Baker Hughes is positioned as the dominant services provider to a nascent industry capable of delivering 24/7 carbon-free baseload power to the data-centre sector.