- Babcock & Wilcox Enterprises Inc's BW B&W Renewable segment has agreed with Port Anthony Renewables Limited to jointly develop a biomass-to-hydrogen clean energy project in Port Anthony, Victoria, Australia, utilizing its BrightLoop technology. Deal terms were not disclosed.
- B&W noted that the project would be part of the largest green hydrogen hub in southeastern Australia.
- BrightLoop technology is part of B&W's ClimateBright suite of decarbonization technologies. It uses a proprietary regenerable oxide particle to generate hydrogen from a variety of fuels.
- Price Action: BW shares are trading higher by 3.47% at $6.52 on the last check Monday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
