Baker Hughes Co
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Energy : Energy Equipment & Services | Mid Cap Blend
Company profile

Baker Hughes Co, formerly Baker Hughes, a GE Company, is an oilfield services company. The Company provides oilfield products, services and digital solutions. It operates through four business segments: Oilfield Services (OFS), Oilfield Equipment (OFE), Turbomachinery & Process Solutions (TPS), and Digital Solutions (DS). OFS provides products and services for on and offshore operations across the lifecycle of a well, ranging from drilling, evaluation, completion, production and intervention. OFE provides a broad portfolio of products and services required to facilitate the flow of hydrocarbons from the subsea wellhead to the surface production facilities. TPS provides equipment and related services for mechanical-drive, compression and power-generation applications across the oil and gas industry. DS provides operating technologies for the health, productivity and safety of asset intensive industries and enable the industrial Internet of Things.

Closing Price
$16.57
Day's Change
0.00 (0.00%)
Bid
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Ask
--
B/A Size
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Day's High
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Day's Low
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Volume
(Light)
Volume:
0

10-day average volume:
7,028,382
0

Tesla, PG&E break ground on 'landmark' energy storage facility

1:09 pm ET July 29, 2020 (MarketWatch)
Print

Tesla Inc. (TSLA) and PG&Electric Corp. (PCG) broke ground last week on a lithium-ion battery energy storage system at a PG&E electric substation in the central coast of California, the companies said in a statement that called the facility a "landmark." The system will be designed, constructed, and maintained by both companies, and owned and operated by PG&E, they said. Construction is expected to continue into early next year, with the goal of having it energized in early 2021 and fully operational in the second quarter of 2021. "Once operational, the Moss Landing substation system will be one of the largest utility-owned, lithium-ion battery energy storage systems in the world," the companies said. Stationary energy-storage systems help smooth out electric-grid peaks and valleys and make the grid more reliable. Shares of Tesla rose nearly 2% and shares of PG&E gained around 1% in midday trading Wednesday.

-Claudia Assis; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

July 29, 2020 13:09 ET (17:09 GMT)

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