Delphy-based underground hydrogen storage
Project
Baker Hughes and Vallourec signed a strategic Memorandum of Understanding (MOU) to deepen cooperation on underground hydrogen storage using Vallourec’s Delphy solution, combining Vallourec’s storage technology with Baker Hughes’ compression knowledge to support decarbonization across industrial hydrogen markets.
Counterparts (2)
Partner
Vallourec
company
Vallourec is a global leader in premium tubular solutions, specializing in seamless steel tubes for the energy sector and various industrial applications. The company provides advanced products and services for oil & gas, energy transition (including hydrogen, CCUS, and geothermal), and other infrastructure projects worldwide, focusing on high-performance and sustainable solutions.
Baker Hughes
company · 1 deals
Baker Hughes is an energy technology company that develops and deploys advanced technologies to serve energy and industrial companies. They offer solutions for oilfield services and equipment, liquefied natural gas (LNG), industrial technology, energy transition, industrial solutions, and remote operations.
Deal Analysis
Baker Hughes, an energy technology company, and Vallourec have signed a strategic Memorandum of Understanding (MOU) to deepen their cooperation on underground hydrogen storage. This partnership aims to advance Vallourec's Delphy solution by integrating Baker Hughes' compression knowledge, with the overarching goal of supporting decarbonization across industrial hydrogen markets. The MOU signifies a collaborative effort between two significant industrial players to develop and deploy critical infrastructure for the emerging hydrogen economy.
The deal is notable for bringing together complementary expertise to address a key challenge in the hydrogen value chain: scalable and efficient storage. Vallourec contributes its specialized Delphy storage technology, while Baker Hughes provides essential compression capabilities. This combination is crucial for enabling the widespread adoption of hydrogen as a decarbonization tool, particularly for industrial applications where large-scale, reliable storage is paramount. The partnership, currently announced as an MOU, indicates a strategic intent from both companies to jointly develop solutions vital for the long-term viability of industrial hydrogen.
This collaboration underscores the growing focus on building robust infrastructure to support the global energy transition. By combining their respective strengths, Baker Hughes and Vallourec are positioning themselves to play a pivotal role in advancing the practical application of hydrogen for industrial decarbonization.
- Strategic partnership between Baker Hughes and Vallourec.
- Focus on critical hydrogen infrastructure: underground storage and compression.
- Aims to support industrial decarbonization across hydrogen markets.
- MOU status indicates a foundational, strategic intent.
Source Intelligence
KEY DETAILS
The partnership aims to combine Vallourec’s storage technology with Baker Hughes’ compression knowledge to support decarbonization across industrial hydrogen markets. The final target is to reduce the total cost of ownership for customers while increasing competition in key markets such as green ammonia and sustainable fuels. The collaboration is specifically designed for industrial hydrogen users and upcoming sectors that need clean power solutions, such as data centers. Vallourec's Delphy system was an Innovation Award winner at Hyvolution 2026, a hydrogen ecosystem event in Paris.
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Capacity
The Delphy system is capable of storing up to 100 tons of compressed green hydrogen gas vertically underground.
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Announcement
The agreement between Baker Hughes and Vallourec was announced on February 17, 2026.
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Signing
news broke that the two have signed a strategic Memorandum of Understanding (MOU)
PARTIES MENTIONED IN SOURCE
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Baker Hughes
partner
"Baker Hughes and Vallourec formalize partnership to advance Delphy-based underground hydrogen storage"
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Vallourec
partner
"Baker Hughes and Vallourec formalize partnership to advance Delphy-based underground hydrogen storage"
medium quality
Enriched Mar 4, 2026