“The reindustrialization of the PORTS facility not only presents an enormous opportunity for industry, but also has a chance to be the single most impactful driver of economic growth and stability for this region in a generation.” The addition of B&W builds on the momentum for this project and sets the foundation for visionary industries to continue to come together and bring several hundred clean energy jobs to central Appalachia,” said Wiley Rhodes, CEO of Newpoint Gas. “We are excited to join forces with Babcock & Wilcox to develop the h 2TEAM project. These technologies can capture carbon dioxide while at the same time producing hydrogen, and can be used in a wide range of industries including energy production, steel, oil and gas, food manufacturing, cement and others. Through its ClimateBright™ suite of revolutionary decarbonization technologies, B&W is helping utilities and industries aggressively combat greenhouse gas emissions and climate change. Ohio Tax Holiday This Weekend Heres What You Need to Knowī&W is a global leader in energy and environmental technologies and services for power and industrial markets with operations located throughout the world. “We have a long-standing commitment to work with Ohio companies, source materials and resources within Ohio’s supply chain, and utilize local labor markets to maximize the economic impact of this project and we look forward to working with Newpoint to support this clean energy technological innovation project.” “B&W is a leader in advancing solutions for the world’s clean energy transition, and we’re pleased at the opportunity to provide our innovative BrightLoop™ hydrogen production technology to help create a sustainable manufacturing facility right in our home state that not only addresses urgent climate objectives but also brings jobs to the region and helps transform the economy of the Ohio River Valley,” said Joe Bucker, B&W Senior Vice President of Clean Energy. In the long term, the project will add 220 operations and maintenance jobs and over $420 million annually to the economy in central Appalachia. In the construction phase, h 2TEAM expects to bring 2,900 jobs and generate over $520 million in local economic impact. Newpoint has committed to building the $1.51 billion integrated energy decarbonized hydrogen and closed loop manufacturing facility at the Pike County site. Department of Energy’s former Portsmouth Gaseous Diffusion Plant (PORTS) facility near Piketon, Ohio. The h 2TEAM complex will serve as the anchor development project to launch a larger reindustrialization vision at the site of the U.S. PIKETON, OH – In a milestone for a major clean energy and manufacturing project that aims to reinvigorate manufacturing and the economy in central Appalachia, Newpoint Gas today announced that Akron, Ohio-based Babcock & Wilcox (B&W) (NYSE: BW) has agreed to serve as a foundational technology partner in support of Newpoint’s h 2Trillium Energy and Manufacturing (h 2TEAM) complex.
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