Energy technology company Baker Hughes and Shell Global Solutions BV have signed a broad strategic collaboration agreement on Nov. 10 to accelerate the global energy transition by helping each other achieve their respective commitments for net-zero carbon emissions and advancing solutions to decarbonize energy and industrial sectors. Shell will initially provide selected Baker Hughes U.S. sites with power and renewable energy credits and the companies will negotiate renewable power for Baker Hughes' sites in Europe and Singapore. The companies also agreed to broader collaboration to identify other opportunities to accelerate each other's transition to net-zero carbon emissions by 2050, such as Baker Hughes providing low-carbon technology solutions for Shell's LNG fleet. Additionally, the two companies will further explore potential opportunities to co-invest and participate in new models to decarbonize energy and industrial sectors.