Babcock & Wilcox Secures $10M Funding for Hydrogen and Carbon Capture Facility in West Virginia
Babcock & Wilcox Secures $10M Funding for Hydrogen and Carbon Capture Facility in West Virginia
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.
Babcock & Wilcox Enterprises, Inc. (B&W) (紐交所:BW) 今天宣佈，其子公司已與西弗吉尼亞州經濟發展部簽署協議，獲得高達1000萬美元的資金，用於在西弗吉尼亞州梅森縣開發BrightLoop氫氣生產和碳捕集設施。
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.
B&W全資子公司Mountaineer C2H, LLC與州政府之間的諒解備忘錄爲開發低碳排放的氫氣生產設施提供基於績效的財務和經濟發展援助，該設施採用B&W的BrightLoop化學循環技術，並以煤和生物質爲動力。1000萬美元的資金將在項目里程碑實現後分階段投入。
