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Glonhui June 24｜Oilfield services provider Baker Hughes and geothermal developer Mantle Reach Power have signed an agreement to deploy geothermal energy at scale in North America. Under the agreement, Baker Hughes will provide integrated subsurface solutions, while Mantle Reach Power will be responsible for project development, ownership, and financing. Financial terms have not yet been disclosed. The two companies stated that the goal of the collaboration is to develop up to 500 megawatts of installed capacity over the next five years.

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Micron Technology will announce its fiscal third-quarter results after the US stock market closes on Wednesday. The market expects the stock price to fluctuate by about 14% following the earnings report, corresponding to a market cap change of over $150 billion. Market expectations are for Micron's revenue to grow by 279% year-on-year to $35.3 billion, with adjusted earnings per share rising from $1.91 to $20.28. Analysts expect Micron's fourth-quarter revenue to reach $42.5 billion, with adjusted earnings per share at $24.80. Micron's gross margin reached 74.4% in the second quarter, and the company expects it to reach 81% in the third quarter. The market is closely watching management's assessment of whether the tight supply of storage related to data centers and AI will persist beyond 2026.