Baker Hughes Company has been awarded a contract by TURBINE-X Energy Inc. to provide its NovaLT gas turbine technology, a versatile solution that can operate on various fuels, including hydrogen blends. The agreement includes supplying equipment like gears and power generation technology for multiple data center projects across North America. The aim is to address the increasing power requirements of the data center industry fueled by generative AI. Baker Hughes' executive vice president highlighted the growing demand for generative AI as a driving force behind the company's power generation solutions supporting data centers' power needs. The company's recent endeavors involve collaborating with Frontier Infrastructure to advance carbon capture and storage (CCS) and power solutions in the U.S. Additionally, Baker Hughes is working with the U.S. Air Force and Department of Defense's Chief Digital and Artificial Intelligence Office to explore opportunities in geothermal energy development. Investors interested in Baker Hughes can engage with the stock through iShares U.S. Oil Equipment & Services ETF and VanEck Oil Services ETF. At the time of the article, Baker Hughes' shares showed a 0.38% increase, trading at $42.64 per share premarket.