B&W Inks Agreement To Develop Biomass-To-Hydrogen Clean Energy Project In Australia

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.