Babcock & Wilcox Enterprises Inc. announced it has been awarded a contract by Cache Power Corp. to conduct an engineering study for the Marguerite Lake Compressed Air Energy Storage (CAES) and Hydrogen Hub Project near La Corey, Alberta, Canada. The study is partially funded by a grant from Alberta Innovates. The project will utilize B&W's BrightLoop™ technology for hydrogen production and carbon capture, supporting clean energy production and aiming for net-zero emissions. The planned facility will have a capacity of 640 megawatts, built in two 320 MW phases, and will use mined salt caverns to store compressed air for electricity generation.
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