State of West Virginia Agrees to Provide $10 Million for Development of Babcock & Wilcox BrightLoop™ Hydrogen and Carbon Capture Project
Babcock & Wilcox Enterprises, Inc. (BW)
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Source: Business Wire
AKRON, Ohio--(BUSINESS WIRE)--Babcock & Wilcox Enterprises, Inc. (B&W) (NYSE: BW) announced today that one of its subsidiaries has signed an agreement for funding of up to $10 million from the West Virginia Department of Economic Development for the development of a BrightLoop™ hydrogen production and carbon capture facility in Mason County, W. Va.The memorandum of agreement between B&W’s wholly-owned Mountaineer C2H, LLC subsidiary and the state provides performance-based financial and economic development assistance for the development of a low-carbon-emissions hydrogen production facility that uses B&W’s BrightLoop chemical looping technology and is powered by coal and biomass. The $10 million in funding will be phased in upon achievement of project milestones."This is a tremendous win for West Virginia, Mason County, and our entire state,” West Virginia Governor Jim Justice said. “Babcock & Wilcox's decision to bring its technology and expertise here is a testament to our stat
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News
- State of West Virginia Agrees to Provide $10 Million for Development of Babcock & Wilcox BrightLoop™ Hydrogen and Carbon Capture Project [Yahoo! Finance]Yahoo! Finance
- Babcock & Wilcox Enterprises, Inc. (NYSE: BW) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Babcock & Wilcox Announces Leadership Appointments [Yahoo! Finance]Yahoo! Finance
- Babcock & Wilcox Announces Leadership AppointmentsBusiness Wire
- Babcock & Wilcox Enterprises, Inc. (NYSE: BW) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
BW
Earnings
- 11/12/24 - Miss
BW
Sec Filings
- 12/12/24 - Form 8-K
- 12/10/24 - Form 4
- 12/2/24 - Form 8-K
- BW's page on the SEC website