Permian Energy Development Lab and Baker Hughes to collaborate on advanced energy innovation and workforce development
Odessa, Texas—The Permian Energy Development Lab (PEDL) has signed a memorandum of understanding (MOU) with Baker Hughes, a leading energy technology company, marking a significant step in PEDL's mission to catalyze advanced energy research and prepare the next generation of energy professionals.
As a Fortune 500 company with more than a century of experience in the energy industry, Baker Hughes brings valuable expertise and resources to support PEDL's initiatives. The two organizations will focus on identifying collaborative opportunities that leverage the Permian Basin's status as a global center of energy innovation.
"This collaboration is significant," said Marilu Hastings, founder of PEDL and president of its board of directors. "Combining Baker Hughes' commercial and technical know-how with PEDL's research expertise and community networks—that's a powerful mix. PEDL has partnerships across the board, from startups to mid-sized firms, and now a global leader like Baker Hughes. That diversity will help build the next generation of Permian energy professionals and keep them here."
Baker Hughes also supports PEDL's proposal to the National Science Foundation's Regional Innovation Engines program. This collaboration aims to establish the Permian Basin as a hub for cutting-edge energy research and commercialization.
Ross Mitchell, VP of North America Land at Baker Hughes, added: "We're excited to work with PEDL and its academic, industry and community partners. This collaboration lets us leverage our collective expertise to drive innovation that will shape the future of energy in the Permian Basin and beyond."
The MOU also outlines plans for PEDL and Baker Hughes to explore a range of other collaborative projects, including research, development, demonstration and commercialization initiatives focused on advancing clean energy technologies.
This agreement builds upon PEDL's growing network of industry partnerships, bolstering the Permian Basin's position as an advanced energy leader.
About the Permian Energy Development Lab
The Permian Energy Development Lab is a New Mexico- and Texas-based nonprofit 501(c)(3) organization dedicated to advancing energy research, fostering innovation and creating value for energy communities through collaboration with academic institutions, industry partners and government agencies.
About Baker Hughes
Baker Hughes (Nasdaq: BKR) is an energy technology company that provides solutions for 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—making it safer, cleaner and more efficient for people and the planet.
