KBR Wins Contract to Develop Kuwait's 2050 Green Energy Masterplan
Portfolio Pulse from Benzinga Newsdesk
KBR has secured a contract with Kuwait Oil Company to develop a masterplan for 17GW of renewables and 25GW of green hydrogen by 2050. The project includes advisory consulting services for wind and solar power deployment, power storage, and green hydrogen production.
July 18, 2024 | 10:05 am
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KBR has been awarded a significant contract by Kuwait Oil Company to develop a green energy masterplan, which includes 17GW of renewables and 25GW of green hydrogen by 2050. This contract is expected to enhance KBR's revenue and market position in the green energy sector.
The contract with Kuwait Oil Company is a significant win for KBR, positioning it as a key player in the green energy sector. The project will likely boost KBR's revenue and enhance its market reputation, leading to a positive short-term impact on its stock price.
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