Babcock & Wilcox News

Technology will provide up to 100 hours of long-term energy storage for up to 135 megawatts of power generation (AKRON, Ohio – July 12, 2021) – Babcock & Wilcox ("B&W") (NYSE: BW) and the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) have signed an Intellectual Property Option Agreement that gives B&W field-limited exclusive rights to negotiate a licensing agreement that would allow it to market an advanced, particle-based thermal energy storage technology currently in development.