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Baker Hughes

Energy technology services, machinery management, training

Cost Modeling Development Intern

Fall 2026
€7.50 - €12.50/hr
Internship
Bachelor's, Master's
Siena, Italy
In PersonOn-site in Florence, Italy.

About the job

Requirements
  • Currently pursuing a degree in Engineering, Data Science, Energy Systems, or a related field
  • Familiarity with AI/ML tools and data analysis (e.g., Python)
  • Strong analytical and problem-solving skills
  • Interest in technology benchmarking, cost intelligence, and supplier landscape analysis
  • Be able to legally work in the country that you are applying in, without company sponsorship or time restriction
  • Fluent in English (oral and written)
  • Demonstrated academic excellence
  • Have a Master’s degree in Management Engineering or Industrial Engineering and Management or Mechanical, Aeronautical, Chemical, Energy, or related Engineering Disciplines
  • Demonstrated knowledge/experience related to electrochemistry or hydrogen technologies is a plus (if treated as separate item it could be Desirable)
  • Basic knowledge of electrochemistry or hydrogen technologies is a plus (if moved to Desirable)
  • Experience with AI/ML tools and data analysis (e.g., Python)
Responsibilities
  • Support the development of cost models for new and advanced technologies using AI/ML techniques
  • Analyze CAPEX/OPEX drivers, materials, and manufacturing processes
  • Assist in data collection, structuring, and integration into digital tools
  • Monitor, analyze, and benchmark technology offerings, cost structures, and performance claims of manufacturers and key suppliers (e.g. membranes, catalysts, BOP)
  • Track market trends, technology roadmaps, and supplier strategies to support techno-economic assessments and design choices
  • Collaborate on technology development, including performance, design, and scalability aspects
  • Contribute to reporting, dashboards, competitive assessments, and technical documentation

About the company

Baker Hughes provides a broad set of energy-technology products and services for the oil and gas industry. It sells advanced technology solutions, performs consultancy, and offers training programs (including a mix of e-learning and in-person classes) to help clients optimize operations, improve safety, and cut environmental impact. Its asset-management and health-monitoring technologies monitor equipment, predict failures, and improve uptime, while its training programs build workforce competency. The company differentiates itself by offering an integrated package that combines hardware/software solutions, expert services, and a strong emphasis on sustainability and ESG practices, serving a global client base from major producers to national oil companies. Its goal is to help customers run more efficient, safer operations while advancing the energy transition and reducing carbon footprint.”} # end of tool input } , 2 ```],

Company Size

10,001+

Company Stage

IPO

Headquarters

Houston, Texas

Founded

1972

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Simplify Jobs

Simplify's Take

What believers are saying

  • July 2026 revenue rose 2% year-over-year to $6.742 billion despite volatility.
  • Second-quarter 2026 orders hit $10.5 billion, with IET bookings doubling year-over-year.
  • September 2026 Venture Global orders and bp work reinforce backlog visibility.

What critics are saying

  • Layoffs at Emmott Road began July 2026 and run through April 2027.
  • Integration costs from Chart pressure cash flow and margins through 2026.
  • LNG order recovery depends on 2027 sanctions, leaving current growth vulnerable.

What makes Baker Hughes unique

  • Chart acquisition expands Baker Hughes into thermal management, gas handling, and lifecycle services.
  • Venture Global, bp, Equinor, Petrobras, and KOC contracts show cross-segment customer trust.
  • NovaLT 16 hydrogen certification and Kuwait AI center differentiate Baker Hughes technologically.

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Benefits

Flexible Work Hours

Comprehensive private medical care options

Life Insurance

Disability Insurance

Education Assistance

Generous Parental Leave

Mental Health Resources

Dependent Care

401(k) Company Match

Additional elected or voluntary benefits

Growth & Insights and Company News

Headcount

6 month growth

↑ 0%

1 year growth

↑ 0%

2 year growth

↑ 0%
U.S. Securities and Exchange Commission
Sep 20th, 2026
EX-99.1

Represents a major milestone in Baker Hughes’ ongoing portfolio management strategy to become a higher-value, leading industrialized energy solutions company

Associated Press
Aug 11th, 2026
Baker Hughes wins multi-year Kuwait Oil Company contract for Ahmadi Innovation Valley project

Baker Hughes has secured a multi-year contract with Kuwait Oil Company to accelerate technology innovation in Kuwait's upstream energy sector. The agreement positions Baker Hughes as a key technology partner in KOC's Ahmadi Innovation Valley, an in-country research and innovation hub. The collaboration will focus on developing scalable solutions to optimise production and flow assurance, utilising Baker Hughes' digital and AI automation technologies. These solutions aim to increase recovery from existing wells, lower operating costs, reduce water production and minimise power consumption. Baker Hughes will establish a dedicated research and technology development centre at Ahmadi Innovation Valley to support continuous evaluation of new solutions and build local expertise. The company has operated in Kuwait for over four decades.

Yahoo Finance
Aug 3rd, 2026
Baker Hughes beats Q2 estimates with $6.74B revenue despite 2.4% decline, EPS surges 31.5%

Baker Hughes exceeded Wall Street expectations in its second quarter despite a modest revenue decline. The company reported revenue of $6.74 billion, beating analyst estimates of $6.50 billion, though down 2.4% year-on-year. Adjusted earnings per share reached $0.64, significantly surpassing the $0.49 forecast. CEO Lorenzo Simonelli highlighted strong order momentum in the Industrial & Energy Technology segment and successful navigation of Middle East headwinds. The company's diversified portfolio helped it outperform amid global energy market volatility. During the earnings call, analysts focused on power systems capacity expansion, with management noting expected payback periods below two years. Questions also addressed commercial synergies from the Chart acquisition, particularly opportunities in data centres and gas infrastructure. Management expressed confidence in margin expansion through pricing strength and disciplined execution.

Yahoo Finance
Jul 29th, 2026
Baker Hughes beats Q2 revenue estimates at $6.74B despite 2.4% decline, Chart acquisition to triple power capacity by 2030

Baker Hughes reported second-quarter revenue of $6.74 billion, beating analyst estimates of $6.50 billion despite a 2.4% year-on-year decline. Adjusted earnings per share came in at $0.64, surpassing consensus estimates of $0.49 by 31.5%. The energy technology company attributed its performance to strong order momentum in its Industrial & Energy Technology segment and successful navigation of Middle East headwinds. The company recently completed its acquisition of Chart Industries, which management says will enhance capabilities in thermal management, gas handling, and carbon capture. Chief executive Lorenzo Simonelli highlighted plans to triple power systems revenue capacity by decade's end, driven by data centre and AI-related electricity demand. The company maintained stable operating margins of 12.7% and reported record order levels in its IET segment.

Yahoo Finance
Jul 27th, 2026
Baker Hughes posts record $7.1B IET orders, doubles year-over-year with robust $1.1B cash flow

Baker Hughes reported strong second-quarter results, with adjusted EBITDA of $1.23 billion exceeding guidance. The company generated $1.1 billion in free cash flow and earnings per share of $0.64. Industrial & Energy Technology (IET) orders reached a record $7.1 billion, double the prior year figure. The book-to-bill ratio stood at 2.2 times, pushing remaining performance obligations up 19% to $37.1 billion. Power Systems secured $2.6 billion in orders, including 2.7 gigawatts of generation capacity, whilst LNG equipment orders totalled $1.8 billion. Baker Hughes provided full-year guidance of $27.35 billion in revenue and $4.85 billion in adjusted EBITDA. The company is expanding gas turbine and generator capacity to support nearly $5 billion in annual Power Systems revenue by 2029. Net debt to adjusted EBITDA declined to 0.1 times.