07:51 AM EDT, 07/18/2024 (MT Newswires) -- KBR (KBR) said Thursday that it secured a contract by Kuwait Oil Company to develop a country wide masterplan for the production of 17 GW of renewables and 25 GW of green hydrogen by 2050. Financial terms of the contract were not disclosed.
The company said it will provide advisory consulting services to develop a phased strategy for the deployment of wind and solar power combined with power storage capability, which will be linked to the production of green hydrogen.
Work under the contract is expected to take place over the next 18 months, with KBR developing a market analysis, techno-commercial feasibility studies, as well training of Kuwaiti nationals.