Cabot (CBT) Chosen for $5M DOE Grant to Aid Hydrogen Economy
CBTCabot (CBT) Zacks Investment Research·2024-04-22 19:56

Cabot Corporation (CBT) stated that its application for a $5 million research grant has been selected by the United States Department of Energy ("DOE") under the Bipartisan Infrastructure Law. Cabot and its partners will utilize this money to help the implementation of fuel cells, which generate electricity by emitting only water. Fuel cells play a crucial role in the global transition to electric mobility, particularly in the electrification of long-distance transportation. This significance derives from t ...