Kai Martin has this month joined US-based oil services provider Baker Hughes’ New Energy Frontiers Team as a corporate development lead.
Previously, Martin had handled corporate development for AneCom AeroTest, a Germany-based service provider for the aero engine and gas turbine industry.
He said: “In this investment and incubator arm, my role is focused on identifying growth opportunities through emerging new technologies and startups that advance the energy transition and decarbonisation of industry.”
As vice-president, Luca Maria Rossi set up the New Frontiers unit in late 2020, along with Lauren Burke and Chris Barkey, and its deals include Augury’s $180m round in November that helped push the machine monitoring technology provider’s valuation past $1bn.
At the GCV Symposium in October, Rossi said there was unlikely to be one single fuel that covers every application. Instead, he said: “We will need a multi-source approach. Many of the up-and-coming technologies like next-generation nuclear and hydrogen are not ready for widescale use yet.”
