Babcock & Wilcox to Use Portion of Proceeds of Asset Sale for BrightLoop ™ Technology Deployment, Including Massillon Project
- B&W and Kanadevia Inova also sign Memorandum of Understanding to evaluate potential cooperation on development of BrightLoop projects using waste and biomass
(AKRON, Ohio – May 6, 2025) – Babcock & Wilcox Enterprises, Inc. (“B&W” or the “Company”) (NYSE: BW) announced that it will use a portion of the funds received from the sale of the assets of its Denmark-based Babcock & Wilcox A/S subsidiary to Kanadevia Inova for the deployment of its BrightLoop™ hydrogen production facility in Massillon, Ohio.
Kenneth Young, B&W Chairman and Chief Executive Officer, said :
We are excited to collaborate with Kanadevia Inova on opportunities to expand the uses of our BrightLoop technologies around the world,
“Kanadevia Inova is a global leader in waste-to-energy technologies and renewable natural gas. BrightLoop has the capability to play a role in both and we look forward to working with them to evaluate potential use cases.”
Young continued,
We continue to make exciting progress in the deployment of our commercial-scale BrightLoop facility, which will be located at the Massillon Energy and Technology Park in Massillon, Ohio,
“The plant will use our innovative chemical looping process to produce three to five tons-per-day of hydrogen from water, while also facilitating the capture of carbon dioxide for storage.”
The companies also signed a Memorandum of Understanding (MOU) to evaluate potential cooperation on the development of BrightLoop projects using waste and biomass as feedstocks.
B&W’s BrightLoop technology utilizes its proprietary iron-oxide TranspO2rt™ particle to produce hydrogen by splitting water molecules while simultaneously capturing carbon emissions more efficiently, at a lower cost per kilogram and with a wider range of fuels – including solid and gaseous fuels – than other technologies.
READ the latest news shaping the hydrogen market at Hydrogen Central
Babcock & Wilcox to Use Portion of Proceeds of Asset Sale for BrightLoop ™ Technology Deployment, Including Massillon Project, source
