{"id":1020247,"date":"2026-11-12T08:52:03","date_gmt":"2026-11-12T13:52:03","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/baker-hughes-and-tpao-explore-industrializing-next-generation-geothermal-in-turkiye-for-always-on-power-generation\/"},"modified":"2026-11-12T08:52:03","modified_gmt":"2026-11-12T13:52:03","slug":"baker-hughes-and-tpao-explore-industrializing-next-generation-geothermal-in-turkiye-for-always-on-power-generation","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/baker-hughes-and-tpao-explore-industrializing-next-generation-geothermal-in-turkiye-for-always-on-power-generation\/","title":{"rendered":"Baker Hughes and TPAO Explore Industrializing Next-generation Geothermal in\u00a0T\u00fcrkiye for Always-on Power Generation"},"content":{"rendered":"<div class=\"mw_release\">\n<ul type=\"disc\">\n<li>\n          <em>Agreement includes roadmap for evaluating and developing next-generation enhanced geothermal systems (EGS) nationwide<\/em>\n        <\/li>\n<li>\n          <em>Supports T\u00fcrkiye\u2019s dual ambitions to reduce emissions and strengthen domestic energy security<\/p>\n<p><\/em>\n        <\/li>\n<\/ul>\n<p>ANTALYA, T\u00fcrkiye, Nov.  12, 2026  (GLOBE NEWSWIRE) &#8212; Baker Hughes (NASDAQ: BKR), an energy technology company, and T\u00fcrkiye Petrolleri Anonim Ortakl\u0131\u011f\u0131 (TPAO) announced Thursday an agreement to explore opportunities for enhanced geothermal systems (EGS), supporting T\u00fcrkiye\u2019s ambitions to scale lower carbon geothermal power generation and strengthen energy security. The agreement was signed during COP 31, the United Nations\u2019 flagship climate conference, which is taking place this week in Antalya, T\u00fcrkiye.<\/p>\n<p>The agreement outlines a phased approach for industrializing next-generation geothermal development, which includes a country-wide assessment to evaluate EGS potential using data from TPAO and the General Directorate of Mineral Research and Exploration (MTA). Following this phase, Baker Hughes will support further derisking of the assets through evaluation of well locations and designs to assess their viability, followed by pilot drilling and, ultimately, commercial-scale EGS development.<\/p>\n<p>\u201cCOP31 is an opportunity to move the conversation from ambition to action and demonstrate how our solutions can help deliver the reliable, lower-carbon energy our world needs,\u201d said Baker Hughes Chairman and CEO Lorenzo Simonelli. \u201cEnhanced geothermal systems have the potential to expand where geothermal energy can be developed, and our agreement with TPAO brings together the data, expertise and technology needed to advance that opportunity and unlock a new source of reliable, lower-carbon power that helps secure T\u00fcrkiye\u2019s future energy supply.\u201d<\/p>\n<p>With some of the world\u2019s most favorable geologic conditions for geothermal, T\u00fcrkiye ranks as Europe\u2019s largest geothermal power producer and fourth globally, with installed capacity of approximately 1.8 gigawatts (GW). Today, its geothermal power comes from conventional resources. EGS could unlock new locations for development, helping T\u00fcrkiye scale geothermal power and enable projects that deliver more reliable, baseload power to the grid.<\/p>\n<p>Unlike conventional geothermal, which relies on naturally occurring water and steam reservoirs, EGS uses advanced technologies and water injection to create geothermal reservoir conditions in hot, dry rock deep underground, producing steam for power generation.<\/p>\n<p>Baker Hughes is committed to advancing next-generation geothermal technologies, bringing together capabilities across subsurface evaluation, drilling, completions, power generation and digital.<\/p>\n<p align=\"justify\">\n        <strong>About Baker Hughes<br \/><\/strong>Baker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward \u2013 making it safer, cleaner and more efficient for people and the planet. Visit us at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=opeLVCI41Vwin9xwQK9BMCUWwVdhGB62Ek2lWF9Rzkc6N6uNUE_vNmSEawJYqRDTfo7vMBwZHmUE_GnfgzWkmEv9OKNdlWbCHRdeH21MpcA=\" rel=\"nofollow\" target=\"_blank\">bakerhughes.com.<\/a><\/p>\n<p align=\"justify\">\n        <strong>About TPAO<\/strong><br \/>\n        <br \/>As T\u00fcrkiye\u2019s national oil company, T\u00fcrkiye Petrolleri Anonim Ortakl\u0131\u011f\u0131 (TPAO) has been conducting oil and natural gas exploration and production activities for over 70 years. With strong technical capabilities, extensive experience, and a skilled workforce, TPAO operates both onshore and offshore. With T\u00fcrkiye at the heart of its operations, TPAO is active in 10 countries across three continents, from Russia to Somalia and Hungary to Iraq, contributing to T\u00fcrkiye\u2019s energy independence. Visit us at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=E5A9q1E0xws3cuyceFAStS4jD0bJFhh6v4G3SNYF4cAeVytZ46Cbv0AB2ZzZZjlc6c48Zk_lX-5DqwjNG2KhWg==\" rel=\"nofollow\" target=\"_blank\">tpao.gov.tr<\/a>.<\/p>\n<p>\n        <strong>For more information, please contact:<\/strong>\n      <\/p>\n<p>\n        <strong>Media Relations <\/strong>\n      <\/p>\n<p>\n        <strong>Baker Hughes<\/strong><br \/>\n        <br \/>Kirk Eggleston<br \/>+1 346.521.8438<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=la1kS_JScn6SHSZjiNTXWnyprhhbWQdpO5JmPo1jGd1SqIgdLRxyj8mKs0M7ZrE6rx_Sy2P-w-iOZMmY5HP8tZnan_W6CiKtD5gktoT66kL4C-Og25L6hsQdEfS4AZu1\" rel=\"nofollow\" target=\"_blank\">kirk.eggleston@bakerhughes.com<\/a><\/p>\n<p>\n        <strong>TPAO<\/strong><br \/>\n        <br \/>TPAO Corporate Communication Department<br \/>+90 (312) 207 32 01<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=JPkAUmZvgrMBCHh79diGxjQc0cPRVvwUZPZj73qtdzsCNGSFLAnBSypkEoVsdTV2XJ3DS02d0HakzqS3BCsiL7EV9j7_0oVomnA1xd6HmSk=\" rel=\"nofollow\" target=\"_blank\">kurumsal@tpao.gov.tr<\/a><\/p>\n<p>\n        <strong>Investor Relations<\/strong>\n      <\/p>\n<p>\n        <strong>Baker Hughes<\/strong><br \/>\n        <br \/>Chase Mulvehill<br \/>+1 346-297-2561<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=hP0oLs20KpoGks119i2ZwhdC9QBwezrWVowsfWrm-9vPgK1gRy8tDDmFaV3rcEhO6QmXO4amAdVi3LFIGL-vqbaaWwPdJOEGiVtg2wVl3rpRHW87M8_lOaDdi2AONkk_6dqxnmcgHaTVY7Jt_mb8kw==\" rel=\"nofollow\" target=\"_blank\">investor.relations@bakerhughes.com<\/a><\/p>\n<p>A photo accompanying this announcement is available at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=yFWY25knRDuZN8-sJ5yZ-jsSJJs3o4RSjlNb65IwrH0Xro_LOrEhC1K_TXqgfWSx-TspbDQCWQqbVijs8GCRMJRu-kQI1LV9V9zvjChA23mtEeWB74khw0Fye3jbT50vA0gh9qLXjCRwurFYGVazZdVpjT84c3PJL6uQ-z7zPuwXvK6RiaBti_CM3ztTuOClLyyBRu35AO68kt99AiDhR2buGFvBt4W2xluMvX4AFZGNR4RyFnrxcW8AClH9d65KWJz2N1gXauQX5b2-VT5YKw==\" rel=\"nofollow\" target=\"_blank\">https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/2724f280-bf37-4d08-a6fc-d99c8a906356<\/a><\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTg3NjA1MiM3OTU1NjY1IzIwMDU2NDA=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/YmYwM2MzMTAtMDYyMS00OTBhLWJmNGItM2NhYjhhZmNjYjUwLTEwMTcyMTMtMjAyNi0xMS0xMi1lbg==\/tiny\/Baker-Hughes-Energy-Services-L.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Agreement includes roadmap for evaluating and developing next-generation enhanced geothermal systems (EGS) nationwide Supports T\u00fcrkiye\u2019s dual ambitions to reduce emissions and strengthen domestic energy security ANTALYA, T\u00fcrkiye, Nov. 12, 2026 (GLOBE NEWSWIRE) &#8212; Baker Hughes (NASDAQ: BKR), an energy technology company, and T\u00fcrkiye Petrolleri Anonim Ortakl\u0131\u011f\u0131 (TPAO) announced Thursday an agreement to explore opportunities for enhanced geothermal systems (EGS), supporting T\u00fcrkiye\u2019s ambitions to scale lower carbon geothermal power generation and strengthen energy security. The agreement was signed during COP 31, the United Nations\u2019 flagship climate conference, which is taking place this week in Antalya, T\u00fcrkiye. The agreement outlines a phased approach for industrializing next-generation geothermal development, which includes a country-wide assessment to evaluate EGS potential using data from TPAO and &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/baker-hughes-and-tpao-explore-industrializing-next-generation-geothermal-in-turkiye-for-always-on-power-generation\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Baker Hughes and TPAO Explore Industrializing Next-generation Geothermal in\u00a0T\u00fcrkiye for Always-on Power Generation&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-1020247","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Baker Hughes and TPAO Explore Industrializing Next-generation Geothermal in\u00a0T\u00fcrkiye for Always-on Power Generation - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/baker-hughes-and-tpao-explore-industrializing-next-generation-geothermal-in-turkiye-for-always-on-power-generation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Baker Hughes and TPAO Explore Industrializing Next-generation Geothermal in\u00a0T\u00fcrkiye for Always-on Power Generation - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Agreement includes roadmap for evaluating and developing next-generation enhanced geothermal systems (EGS) nationwide Supports T\u00fcrkiye\u2019s dual ambitions to reduce emissions and strengthen domestic energy security ANTALYA, T\u00fcrkiye, Nov. 12, 2026 (GLOBE NEWSWIRE) &#8212; Baker Hughes (NASDAQ: BKR), an energy technology company, and T\u00fcrkiye Petrolleri Anonim Ortakl\u0131\u011f\u0131 (TPAO) announced Thursday an agreement to explore opportunities for enhanced geothermal systems (EGS), supporting T\u00fcrkiye\u2019s ambitions to scale lower carbon geothermal power generation and strengthen energy security. The agreement was signed during COP 31, the United Nations\u2019 flagship climate conference, which is taking place this week in Antalya, T\u00fcrkiye. The agreement outlines a phased approach for industrializing next-generation geothermal development, which includes a country-wide assessment to evaluate EGS potential using data from TPAO and &hellip; Continue reading &quot;Baker Hughes and TPAO Explore Industrializing Next-generation Geothermal in\u00a0T\u00fcrkiye for Always-on Power Generation&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/baker-hughes-and-tpao-explore-industrializing-next-generation-geothermal-in-turkiye-for-always-on-power-generation\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-11-12T13:52:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTg3NjA1MiM3OTU1NjY1IzIwMDU2NDA=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/baker-hughes-and-tpao-explore-industrializing-next-generation-geothermal-in-turkiye-for-always-on-power-generation\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/baker-hughes-and-tpao-explore-industrializing-next-generation-geothermal-in-turkiye-for-always-on-power-generation\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Baker Hughes and TPAO Explore Industrializing Next-generation Geothermal in\u00a0T\u00fcrkiye for Always-on Power Generation\",\"datePublished\":\"2026-11-12T13:52:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/baker-hughes-and-tpao-explore-industrializing-next-generation-geothermal-in-turkiye-for-always-on-power-generation\\\/\"},\"wordCount\":585,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/baker-hughes-and-tpao-explore-industrializing-next-generation-geothermal-in-turkiye-for-always-on-power-generation\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTg3NjA1MiM3OTU1NjY1IzIwMDU2NDA=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/baker-hughes-and-tpao-explore-industrializing-next-generation-geothermal-in-turkiye-for-always-on-power-generation\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/baker-hughes-and-tpao-explore-industrializing-next-generation-geothermal-in-turkiye-for-always-on-power-generation\\\/\",\"name\":\"Baker Hughes and TPAO Explore Industrializing Next-generation Geothermal in\u00a0T\u00fcrkiye for Always-on Power Generation - 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The agreement was signed during COP 31, the United Nations\u2019 flagship climate conference, which is taking place this week in Antalya, T\u00fcrkiye. The agreement outlines a phased approach for industrializing next-generation geothermal development, which includes a country-wide assessment to evaluate EGS potential using data from TPAO and &hellip; Continue reading \"Baker Hughes and TPAO Explore Industrializing Next-generation Geothermal in\u00a0T\u00fcrkiye for Always-on Power Generation\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/baker-hughes-and-tpao-explore-industrializing-next-generation-geothermal-in-turkiye-for-always-on-power-generation\/","og_site_name":"Market Newsdesk","article_published_time":"2026-11-12T13:52:03+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTg3NjA1MiM3OTU1NjY1IzIwMDU2NDA=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/baker-hughes-and-tpao-explore-industrializing-next-generation-geothermal-in-turkiye-for-always-on-power-generation\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/baker-hughes-and-tpao-explore-industrializing-next-generation-geothermal-in-turkiye-for-always-on-power-generation\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Baker Hughes and TPAO Explore Industrializing Next-generation Geothermal in\u00a0T\u00fcrkiye for Always-on Power Generation","datePublished":"2026-11-12T13:52:03+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/baker-hughes-and-tpao-explore-industrializing-next-generation-geothermal-in-turkiye-for-always-on-power-generation\/"},"wordCount":585,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/baker-hughes-and-tpao-explore-industrializing-next-generation-geothermal-in-turkiye-for-always-on-power-generation\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTg3NjA1MiM3OTU1NjY1IzIwMDU2NDA=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/baker-hughes-and-tpao-explore-industrializing-next-generation-geothermal-in-turkiye-for-always-on-power-generation\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/baker-hughes-and-tpao-explore-industrializing-next-generation-geothermal-in-turkiye-for-always-on-power-generation\/","name":"Baker Hughes and TPAO Explore Industrializing Next-generation Geothermal in\u00a0T\u00fcrkiye for Always-on Power Generation - 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