Baker Hughes, the oilfield services giant, has landed a fresh set of power generation and cooling orders from a US technology company, a package that includes Chart dry coolers engineered to handle AI workloads. The orders underscore the group's broader push to sell turbines and thermal-management equipment into the AI data center boom.

The customer was not named, an omission that is fairly standard in a sector where hyperscalers guard their buildout plans closely.

Power and Cooling in a Single Package

Baker Hughes gained its cooling capability through the acquisition of Chart Industries, a specialist in heat transfer and thermal management. Dry coolers handle heat rejection to the surrounding air, and Chart's technology is aimed specifically at the high-density cooling requirements of AI-focused facilities—requirements that have grown more demanding as AI hardware packs far more computing power, and heat, into each rack than conventional servers.

Chart has reportedly secured hundreds of millions of dollars in orders tied to this kind of work. Folding the business into Baker Hughes allows the company to pitch a combined offering: generate the power on site, then deal with the heat that power creates.

A Busy Year for the Power Business

In the first quarter of 2026, Baker Hughes logged $1 billion in data center power orders. That single quarter matched the Power Systems business's entire revenue from 2025.

The company has since raised its sights. Its target for cumulative data center power orders across 2025 through 2027 has been revised upward toward $3 billion.

Several large deals fill out the picture of the company's expanding data center pipeline:

• Dynamis Power Solutions: Baker Hughes booked an order for 76 NovaLT16 turbines, amounting to around 1.3 GW, during the second and third quarters of 2026. The units are slated to serve both hypermobile data centers and oil and gas platforms.
• Kodiak Gas Services: Multi-year agreements with Kodiak target a maximum of 1.8 GW of power supplied by Baker Hughes.
• Venture Global and GE Vernova: On October 15, 2026, Baker Hughes announced a Power Frame Agreement covering up to 16 power islands using gas and steam turbines. The arrangement supports LNG operations alongside potential data centers, with equipment deliveries scheduled from 2028 to 2034.

Why an Oilfield Company Is Selling to Tech

Chief Executive Lorenzo Simonelli has emphasized behind-the-meter generation as the answer to the bottleneck of securing grid connections, which in many regions can take years. The idea is straightforward: rather than waiting on the utility, a facility builds its own power plant on site and runs on gas, sidestepping the interconnection queue entirely.

Simonelli has framed the strategy as serving two demand streams at once. One is LNG operations, the company's traditional territory. The other is the expanding AI economy, which needs power faster than grids can deliver it.

The NovaLT16 order illustrates the overlap neatly. The same turbine model is headed to oil and gas platforms and to mobile data center deployments.

Revenue Visibility and Open Questions

The multi-year contracts are measured in gigawatts, with deliveries extending as far as 2034, giving Baker Hughes a clearer read on future revenue than the cyclical oilfield business typically allows. The upward revision toward $3 billion in cumulative data center orders signals that management sees demand still building.

There are caveats to weigh. Several of these arrangements are frame agreements or carry ceilings—the up to 16 power islands with Venture Global and the maximum 1.8 GW with Kodiak among them—meaning final volumes may land below the headline capacity. The Venture Global deal also references potential data centers rather than confirmed ones, and long-dated projects can shift as financing, permitting, and AI spending plans evolve.

How these frame agreements convert into firm bookings—and whether the cumulative order tally continues climbing toward the revised $3 billion target—are the markers to watch as deliveries stretch toward 2034.