GEOTHERMAL SOLUTIONSEnergy production is evolving
The IEA estimates that a 10% annual increase in geothermal well production over the next 10years is the bare minimum needed to meet future demands on geothermal energy1. With

2020 generation rates of 15.4 GW, the world will need geothermal sources to provide at least
40 GW annually by the year 2030 and 103 GW by the year 2040 to meet global carbon
neutrality by 2050.

Baker Hughes is the geothermal energy expert
Baker Hughes is the only company in the world that can provide subsurface and surfaceproducts and services from planning to power generation. We are leaders in technology andcommercial innovation, and hold strong partnerships in the services community. Baker
Hughes provides geothermal power management responsive to the specific needs ofgeothermal projects.

Baker Hughes geothermal experience

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1

IEA (2020), Geothermal, IEA, Paris https://www.iea.org/reports/geothermal

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Baker Hughes’ geothermal portfolio spans subsurface to power generation

Baker Hughes is a leader in providing high-temperature products and services forgeothermal development around the world by offering a complete range of capabilities andwhen necessary, forging strategic alliances with others in the service industry. From initialfeasibility studies and wellbore construction, through stimulation, steam production, andpower generation of your geothermal well, Baker Hughes draws on more than 40 years ofgeothermal experience, reliable equipment, and specialized technologies to safely andefficiently tap into this clean, renewable energy source.

Our comprehensive technology portfolio delivers reliable and predictable performance.
Our advanced technology tackles challenging rock formations, high temperatures, and harshwell conditions to tap geothermal energy’s potential. Our focus on geothermal technology

ranges from emulating the wellbore conditions of geothermal wells, to testing high-temperature materials and components, full bottomhole assemblies, submersible pumps

and total integration and project management for geothermal well construction and powergeneration.

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Baker Hughes has years of geothermal experience

Baker Hughes has provided products and services for decades on geothermal wells andpower generation and has the experience of many major international projects.

• We have over 40 years of expertise working in harsh geothermal environments• We have supplied equipment, products, and services on over 1,800 geothermal wells in
25 countries• We are committed to the research and development of high temperature drilling
equipment and products• We have qualified experienced personnel and high temperature equipment & products• We have a substantial R&D program dedicated to geothermal specific technology,
including high temperature drilling and efficient power production from geothermalresources• Our subsurface experts, located in nearly every geothermal region, offer a rich mix of skill
in hot reservoirs, geomechanics, and reservoir chemistries• Our centralized HQ Geothermal Solutions organization manages and ensures knowledgetransition for execution excellence, consistently determining the right technology foreach application• Our surface power generation engineers apply their expertise to original equipment
manufacturer in power generation, plant management, control systems and condition
monitoring4

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Our geothermal experience is global

Baker Hughes’ experience in subsurface geothermal well development and production

combined with our history in reliably conveying the heat transfer and producing power from it
gives us the unparallel capability to create high quality geothermal power generation while
reducing project capex and time to getting power generation online.

Integration and project management ensure more efficient operations
Our project teams are experienced in working in the most challenging conditions and trained
to execute efficiently in the geothermal field.

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Our integrated approach mitigates risk and gets projects online faster

Service delivery models improve efficiency and reduce risks
Because geothermal projects require high capital investment up-front, you may need apartner with the confidence and willingness to invest in the project’s success.

Our understanding of a project’s risks, both subsurface and surface, as well as our access tocapital resources, enables us to offer unique commercial opportunities through equity
mechanisms and financial lending practices.

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Service delivery models• We provide products and services through a range of delivery models, ranging fromdiscrete supply to a turnkey approach, where incentives of the rig and EPC contractors
are aligned with Baker Hughes• Models for service delivery are also paired with unique commercial and financial models
that can only be offered by Baker Hughes. We want to be your partner, rather than yourcontractor.

Baker Hughes and carbon neutrality
We will accelerate the reduction of our own carbon emissions. We will achieve 50% carbon
footprint reduction of all Baker Hughes production sites by 2030 and net-zero carbon
emissions by 2050.

We will promote your carbon emission reduction. We will provide products and services withreduced emissions to decrease our customers’ respective carbon footprints for theiroperations, projects, and products.

We will position for new frontiers. We will innovate and develop new physical and digitaltechnologies and business models to capitalize on energy transition.

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Baker Hughes is ready to take geothermal forward

W E A RE CO M M ITT ED
Baker Hughes is committed to making energy cleaner, safer, and more efficient. We aredeveloping new geothermal technologies to help the world meet net-zero emissions targets.

Geothermal isn’t new to us. Our experience includes 40+ years in the industry, working on 1800

wells in 25+ countries.

We’re ready to take geothermal forward. Advanced geothermal systems (AGS) andenhanced geothermal systems (EGS) promise new opportunities.

W E A RE DIF F E R ENT
We connect subsurface and surface to deliver commercial success. We have horizontal

expertise in subsurface equipment and systems as well as surface acumen and technology.
We focus on outcomes. We are committed to reducing CapEx/TotEx, improving NPV, andincreasing ROI.

We reduce time to first power. From feasibility studies to well construction and production

integrity technology and services to turbomachinery, advanced process solutions, digital,and automation capabilities, we provide integrated rapid execution.

W E A RE R EA DY
Our value comes from what we know – and how we apply challenges. We have expertise toassess and optimize reservoir models and well operations, from exploration to heat utilization.
We have advanced technology to tackle reservoir evaluation, well construction, andgeothermal power generation. We have proven project management to make geothermal
projects economic.

Our partnerships bring a complete solution. From rig contractors to EPC companies, we

provide the solution, start to finish.

Our commercial models meet any need. Our commercial payment is performance-linked

and outcome-based.
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