BAKER HUGHES AND VALLOUREC SIGN A MEMORANDUM OF UNDERSTANDING ON UNDERGROUND HYDROGEN STORAGE WITH THE DELPHY SOLUTION

Core Insights - Vallourec and Baker Hughes have signed a Memorandum of Understanding (MOU) to advance hydrogen storage solutions for the green hydrogen market [1][2] - The collaboration aims to enhance long-term cooperation across the industrial green hydrogen value chain, including applications in green ammonia, sustainable fuels, and green steel manufacturing [2][4] Company Overview - Vallourec is a leader in premium seamless tubular solutions, with a focus on energy markets and demanding industrial applications [5] - The company employs nearly 13,000 people across more than 20 countries, emphasizing innovation and safety in its tubular solutions [5] Technology and Solutions - Vallourec's Delphy solution is a market-ready underground hydrogen storage system capable of storing up to 100 tons of green hydrogen gas [3] - The Delphy solution is designed for high-pressure performance with minimal surface footprint and has received certifications from Bureau Veritas and DNV [3] Strategic Importance - The partnership with Baker Hughes, known for its expertise in compression technology, is a strategic move for Vallourec to strengthen its position in the green hydrogen value chain [4] - This collaboration is expected to optimize compression-storage configurations and improve operational efficiencies, ultimately reducing costs for customers [2][4]