KBR Inks MoU With SolydEra For Integrated Green Ammonia Solid Oxide Electrolyzer Solution
Portfolio Pulse from Shivani Kumaresan
KBR Inc has signed a Memorandum of Understanding (MoU) with SolydEra to offer an integrated solution for producing lower cost clean ammonia using renewable energy. KBR will integrate SolydEra's Solid Oxide Electrolysis (SOE) technology into its K-GreeN process to deliver highly efficient green ammonia capacity worldwide. The partnership is expected to deliver competitive levelized costs of carbon-neutral ammonia to accelerate the energy transition globally.
October 04, 2023 | 2:04 pm
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KBR's partnership with SolydEra to produce lower cost clean ammonia using renewable energy could potentially increase its market share in the renewable energy sector. However, the stock traded lower by 0.87% at $57.69 on the last check Wednesday.
The partnership with SolydEra could potentially increase KBR's market share in the renewable energy sector, as it offers a solution for producing lower cost clean ammonia. This could attract more clients and increase revenues in the long term. However, the immediate market reaction was negative, with the stock trading lower by 0.87% at $57.69 on the last check Wednesday. This could be due to market skepticism about the profitability of the new venture or other market factors not mentioned in the article.
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