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.
巴布科克和威尔科克斯企业有限公司（B&W）（纽约证券交易所代码：BW）今天宣布，其子公司之一已签署协议，由西弗吉尼亚州经济发展部提供高达1000万美元的资金，用于在弗吉尼亚州梅森县开发BrightLoop氢气生产和碳捕集设施。
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 的全资 Mountaineer C2H, LLC 子公司与该州之间的协议备忘录为开发低碳排放氢气生产设施提供基于绩效的金融和经济发展援助，该设施使用 B&W 的 BrightLoop 化学循环技术，由煤炭和生物质提供动力。这1,000万美元的资金将在项目里程碑实现后分阶段到位。
