Babcock & Wilcox and Cache Power Corp. Announce Initial Grant for Energy Storage and Carbon Capture Project Using BrightLoop™ Technology in Canada
Babcock & Wilcox Enterprises, Inc. (BW)
Last babcock & wilcox enterprises, inc. earnings: 3/1 04:42 pm
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Source: Business Wire
AKRON, Ohio--(BUSINESS WIRE)--Babcock & Wilcox (B&W) (NYSE: BW) announced today that it has been awarded a contract by Cache Power Corp. (Cache Power) to execute an engineering study for Cache Power’s Marguerite Lake Compressed Air Energy Storage (CAES) and Hydrogen Hub Project near La Corey, Alberta, Canada.The study is partially funded by a grant awarded by Alberta Innovates, a Canadian provincial crown corporation created and funded by the government of Alberta which is responsible for promoting innovation and economic growth in the province. The project will utilize B&W’s advanced BrightLoop™ energy production and decarbonization technology to support clean energy production and enable zero-emissions operation.Cache Power is developing the 640-megawatt (MW) CAES facility next to the existing Marguerite Lake substation, which will be built in two identical 320 MW phases. The facility will store renewable energy from the grid in subterranean mined salt caverns in the form of com
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BW
Sec Filings
- 11/21/25 - Form 4
- 11/21/25 - Form 8-K
- 11/13/25 - Form 4
- BW's page on the SEC website