Will KBR's e-NG Contract Strengthen Its Clean Energy Growth?
KBR, Inc. secured a front-end engineering design (FEED) contract for Live Oak's electric natural gas (e-NG) project in Nebraska, which will combine renewable hydrogen with biogenic CO2 using approximately 250 MW of water electrolysis. The project targets commercial operations by 2030. Despite the award, KBR shares declined 1.4% during trading. The company's Sustainable Technology Solutions backlog reached a record $5.5B in Q2 2026 with a near-term pipeline exceeding $6B.