Cabot Corporation and Partners Selected for $5M in U.S. Department of Energy Grant to Support Continued Advancement of Global Hydrogen Economy [Yahoo! Finance]
Cabot Corporation (CBT)
Last cabot corporation earnings: 2/3 04:16 pm
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Source: Yahoo! Finance
BOSTON, April 18, 2024 BUSINESS WIRE Cabot Corporation (NYSE: CBT) announced that the U.S. Department of Energy (DOE), under the Bipartisan Infrastructure Law, selected its application for a $5 million research grant. This grant will be used by Cabot and its partners to support the deployment of fuel cells, which emit only water when creating electricity. The transition to electric in the worldwide mobility landscape is significantly supported by fuel cells, especially in the electrification of long-distance transportation. This importance stems from the fact that the extended driving range and management of heavier loads necessary for long-haul travel present difficulties for the adoption of battery technology. The project will focus on developing an innovative and scalable manufacturing process for producing specialized carbon black that can be used as carbon catalyst supports for fuel cells. This technology will support and accelerate the establishment of a domestic catalyst s
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CBT
Earnings
- 2/5/24 - Beat
CBT
Sec Filings
- 4/1/24 - Form 4
- 4/1/24 - Form 4
- 4/1/24 - Form 4
- CBT's page on the SEC website