v3.25.4
Related Party Transactions (Tables)
 12 Months Ended
Dec. 31, 2025
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions
The following table summarizes the related party transactions included in the consolidated statements of operations and comprehensive loss:
Year Ended December 31,
$ in thousands20252024
Master services agreement administrative costs$126 $119 
General and administrative$126 $119 
Master services agreement costs for the La Porte Demonstration Facility$2,519 $1,585 
BHES JDA
73,986 — 
Research and development$76,505 $1,585 
BHES Limited Notice to Proceed, including contract cancellation costs45,593 — 
Other44 — 
Project development$45,637 $— 
Disclosure of Share-Based Compensation Arrangements by Share-Based Payment Award The following table displays
the expense recognized in the consolidated statement of comprehensive income for shares distributed as payment for services rendered under the terms of the BHES JDA during the periods described below:
QuantityExpense Recognized
Year Ended December 31,Year Ended December 31,
in thousands2025202420252024
Class A OpCo Units5,6863,798$37,585 $25,103 
Class B Common Stock5,6863,798— — 
Total$37,585 $25,103