KBR Awarded Engineering Services Contract by First State Hydrogen

HOUSTON, April 9, 2024 /PRNewswire/ -- KBR (NYSE: KBR) announced today it has been awarded an engineering services contract by First State Hydrogen, Inc. to support the feasibility and development of its first clean hydrogen production facility in the U.S. mid-Atlantic region.

KBR will provide engineering services to study the feasibility of developing a clean hydrogen production facility through electrolysis powered by renewable energy. The study is part of First State Hydrogen's vision to provide clean hydrogen for Delaware and the U.S. mid-Atlantic and help the region meet its sustainability goals. 

"We are excited to be a part of this important project that will contribute toward a cleaner, more sustainable world," said Jay Ibrahim, President, KBR Sustainable Technology Solutions. "This award highlights KBR's extensive and innovative clean hydrogen expertise, in providing solutions that matter, and our strategic commitment to the energy transition."

"This is an important step for First State Hydrogen as we start laying the groundwork for a clean hydrogen facility that will drive our mission to responsibly and safely advance the clean hydrogen economy and create a more sustainable future," said Dora Cheatham, VP Sales & Commercialization, First State Hydrogen. "We're excited to have the KBR team with us on this journey."

For decades KBR has been a leader in the hydrogen market, serving as both technology provider and advisor, and as a provider of differentiated project delivery solutions.

About KBR

We deliver science, technology and engineering solutions to governments and companies around the world. KBR employs approximately 34,000 people worldwide with customers in more than 80 countries and operations in over 30 countries.

KBR is proud to work with its customers across the globe to provide technology, value-added services, and long-term operations and maintenance services to ensure consistent delivery with predictable results. At KBR, We Deliver.

Visit www.kbr.com

Forward Looking Statements

The statements in this press release that are not historical statements, including statements regarding future market development and demand, are forward-looking statements within the meaning of the federal securities laws. These statements are subject to numerous risks, uncertainties and assumptions, many of which are beyond the company's control, that could cause actual results to differ materially from the results expressed or implied by the statements. These risks, uncertainties and assumptions include, but are not limited to, those set forth in the company's most recently filed Annual Report on Form 10-K, any subsequent Form 10-Qs and 8-Ks and other U.S. Securities and Exchange Commission filings, which discuss some of the important risks, uncertainties and assumptions that the company has identified that may affect its business, results of operations and financial condition. Due to such risks, uncertainties and assumptions, you are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. Except as required by law, the company undertakes no obligation to revise or update publicly any forward-looking statements for any reason.

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SOURCE KBR, Inc.

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