The implementation of geothermal energy and carbon capture and storage (CCS) projects was discussed during the meeting.

Viktor Novikov, heading the delegation of NJSC «Nadra Ukrainy», participated in a working meeting with the leadership of the international energy technology company Baker Hughes. The meeting took place as part of the Baker Hughes Annual Meeting 2026.

The Chairman of the Board of NJSC «Nadra Ukrainy» presented the Company’s key areas of activity to the participants, as well as the potential for utilizing geothermal energy and creating underground storage facilities for carbon dioxide in Ukraine.

“For us, it is important not only to discuss global trends but also to implement specific technological solutions. Last summer, we launched a partnership with Baker Hughes by signing memoranda of understanding in the fields of geothermal energy and CO₂ capture and storage. Work on their implementation is currently underway,” Viktor Novikov reported. “Geothermal energy and CO₂ storage projects hold significant potential for Ukraine, and international partnership plays a key role in their realization.”

During the meeting, the parties discussed strategic directions for the transformation of the energy sector amidst global changes. The focus was on modern technological solutions that enable the efficient use of geothermal potential, reduction of carbon emissions, and ensure stable energy supply.

“For Ukraine, which has been facing a full-scale war for several years as a result of Russia’s full-scale military invasion launched in February 2022, this issue has acquired existential importance. For us, this is not just a ‘green’ technology, but a tool for energy security and post-war recovery,” emphasized the Chairman of the Board of NJSC «Nadra Ukrainy».

The working meeting with Baker Hughes leadership was an important step in developing practical cooperation and deepening the strategic partnership. It allowed the parties to align their visions regarding the implementation of joint projects, discuss opportunities for adapting advanced technological solutions to Ukrainian conditions, and outline further steps in the field of geothermal energy and CO₂ capture and storage, considering the priorities of energy security and sustainable development.

NJSC «Nadra Ukrainy», together with SE «Zakhidukrgeologiia», continues to actively develop international partnerships in the field of geothermal energy.