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Lorenzo Simonelli

Chairman, President & Chief Executive Officer, Baker Hughes

Search every verified Lorenzo Simonelli interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. In an October 2026 interview on the Energy Pathways podcast, Lorenzo Simonelli discussed Baker Hughes' evolution from an oilfield services company into what he described as an "industrial energy solutions company." He said the company now provides solutions across the energy value chain, including compressors, valves, pumps, and turbines, serving both oil and gas customers and industrial clients. Simonelli characterized the current period as an "energy demand decade" that will be "fulfilled predominantly through natural gas," and he stated that natural gas is "not a transition fuel, it's a destination fuel." Simonelli also addressed the role of natural gas in powering AI data centers, saying that demand for off-grid power generation is "moving faster than we appreciated." He noted that gas turbines, synchronized condensers, cooling equipment, and pumps are part of the company's offerings for this market, and that off-grid solutions are needed because grid infrastructure will "take time to catch up." He attributed the growth in gas demand to factors including abundance, affordability, and the need for security of supply.

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Verified interview transcripts

Notable quotes

“I think overall, the need for data centers and the need for power generation off the grid is moving faster than we appreciated. It's great for us because obviously it provides great tailwind and a very good positive future outlook. And it's not just on the gas turbine. It's also on the synchronized condensers. It's on the cooling equipment. It's on the pumps and the module that's required. And so you're going off gri”

“I would say we started to see some early indicators as we came together as a company that partners and customers needed solutions to be able to connect the widgets, connect the services. 2017, the industry started to show, first of all, natural gas is going to be a big deal. And natural gas is not a transition fuel, it's a destination fuel. And I think that's actually proven to be the case as you look at where we are”

“As you look at the regulatory framework, we need to make sure that we have permitting that is fluid, quick, and efficient. We need to make sure that we have stakeholders aligned between governments, local communities, and companies.”

“We need to make sure that we encourage natural gas and LNG, a resource that is abundant and is not a transition fuel. It is a destination fuel.”

“We like the portfolio the way it is; the two segments work hand‑in‑hand and link the value chain together from subsurface knowledge to moving and processing the molecule.”

“It's an all of the above strategy — it's going to be oil, gas, it's going to be more renewables, and we see a good outlook on the macro side for Baker Hughes in that environment.”

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