v3.26.1
Related Party Transactions (Tables)
 6 Months Ended
Jun. 30, 2026
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions
The following table summarizes the related party transactions included in the condensed consolidated statements of operations and comprehensive loss:
Three Months Ended June 30,Six Months Ended June 30,
$ in thousands2026202520262025
Master services agreement administrative costs$33 $42 $61 $69 
General and administrative$33 $42 $61 $69 
Master services agreement costs for the La Porte Demonstration Facility$311 $668 $559 $1,254 
BHES JDA
(90)20,178 12,917 38,005 
Research and development$221 $20,846 $13,476 $39,259 
BHES Limited Notice to Proceed— 19,533 $— $19,533 
Project development$— $19,533 $— $19,533 
Schedule of Share-Based Payments Issued to BHES The following table displays the expense recognized in the condensed consolidated statements of operations and comprehensive loss for shares distributed as payment for services rendered under the terms of the BHES JDA during the periods described below:
QuantityExpense Recognized
Three Months Ended June 30,Three Months Ended June 30,
in thousands2026202520262025
Class A OpCo Units—1,562$— $10,323 
Class B Common Stock—1,562— — 
Total$— $10,323 
QuantityExpense Recognized
Six Months Ended June 30,Six Months Ended June 30,
in thousands2026202520262025
Class A OpCo Units9092,809$6,011 $18,570 
Class B Common Stock9092,809— — 
Total$6,011 $18,570