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Home/News Feed/Baker Hughes and Mantle Reach Power partner to scale geothermal energy with 500MW target in North America.
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Baker Hughes and Mantle Reach Power partner to scale geothermal energy with 500MW target in North America.

Market News
24 Jun 2026
GlobeNewsWire
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Bullish
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Baker Hughes and Mantle Reach Power, backed by EnCap Energy Transition, announced a strategic agreement to accelerate large-scale geothermal energy deployment in North America. The partnership aims to overcome financial and technical barriers by combining Baker Hughes’ subsurface technology with Mantle Reach Power’s project development and financing expertise. They plan to install up to 500 megawatts of geothermal power over the next five years, providing clean, reliable baseload energy to support growing demands from electrification and digital infrastructure. This collaboration introduces a scalable, financeable model to expand geothermal energy at an industrial scale.

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Global hazardous area equipment market to nearly double to $25.28B by 2035, driven by safety regulations and smart tech.

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The global hazardous area equipment market, valued at $13.5 billion in 2025, is projected to reach $25.28 billion by 2035, growing at a CAGR of 6.48%. Growth is fueled by stricter industrial safety regulations like ATEX and OSHA, and the adoption of ...

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