Babcock & Wilcox BrightLoop project to be funded by state of West Virginia

Babcock & Wilcox Enterprises announced that one of its subsidiaries has signed an agreement for funding of up to $10M 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 $10M in funding will be phased in upon achievement of project milestones.