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Stock impact report

State of West Virginia Agrees to Provide $10 Million for Development of Babcock & Wilcox BrightLoop™ Hydrogen and Carbon Capture Project [Yahoo! Finance]

Babcock & Wilcox Enterprises, Inc. (BW) 
Last babcock & wilcox enterprises, inc. earnings: 3/1 04:42 pm Check Earnings Report
US:NYSE Investor Relations: babcockwinery.com
Company Research Source: Yahoo! Finance
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 state's growing reputation as a hub for innovation and forward-thinking energy solutions. This investment not only creates jobs Show less Read more
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