Baker Hughes Doubles Data Center Order Target to $3 Billion

Baker Hughes Co., one of the world’s biggest oilfield contractors, said it plans to double its data center equipment order target to $3 billion over a three-year period, driven by surging demand for power to run artificial intelligence.

The company expects to book roughly $3 billion of data center-related orders between 2025 to 2027 and is also on track to double its NovaLT natural gas turbine capacity by the first half of 2027, Chief Executive Officer Lorenzo Simonelli said on a call Monday discussing fourth-quarter results.

“We feel very good about the overall outlook for power generation and ...