Baker Hughes has announced that it has signed an eight-year-long power purchase agreement (PPA) with Shell Energy Italia to supply renewable energy for Baker Hughes’ Industrial & Energy Technology (IET) Italian facilities.
The source of this energy will be generated from Shell’s solar photovoltaic farm currently under construction in the Apulia region, in southern Italy.
The agreement aims to achieve a reduction of 6.8 Kilotons (Kton) of CO2 equivalent (CO2e) per year across the sites, resulting in 13% less emissions – equivalent to 1,200 fewer light duty gasoline cars on the road per year, Baker Hughes said in a statement.
This came following the signing of memorandum of understanding (MoU) 2021 to enhance collaboration between the two companies to achieve respective commitments for emissions reduction.
“Today’s announcement marks a significant milestone both in Italy and globally. We’re working together with Shell to invest in vital renewable energy projects that will support both the decarbonization of our manufacturing facilities and create a cleaner, more sustainable energy system for the country,” said Davide Marrani, vice president of operations, Industrial & Energy Technology at Baker Hughes. “This agreement sets us on the right path to achieving our commitment to reduce our CO2 emissions by 50 percent by 2030 and achieve net-zero emissions by 2050.”
“Shell Energy Italia is a major energy supplier, capable of responding to market demands by offering advanced energy commodity management solutions to over 700 major industrial customers,” said Gianluca Formenti, CEO of Shell Energy Italia. “The supply contract signed with Baker Hughes for the Zamboni plant is a tangible confirmation of our ability to create a direct link between our production and demand for energy from renewable sources positioning us as an integrated energy company.”M