Babcock & Wilcox Awarded $13 Million Boiler Cleaning Equipment and Installation Contract for Southeast Asia Coal Power Plant
Babcock & Wilcox (B&W) (
NYSEBW) announced today that its B&W Thermal business segment has been awarded a contract valued at approximately $13 million to retrofit boiler cleaning equipment for a power plant in Southeast Asia.
State of West Virginia Agrees to Provide $10 Million for Development of Babcock & Wilcox BrightLoop™ Hydrogen and Carbon Capture Project
Babcock & Wilcox Enterprises, Inc. (B&W) (
NYSEBW) announced today that one of its subsidiaries has signed an agreement for funding of up to $10 million from the West Virginia Department of Economic Development for the development of a BrightLoop™ hydrogen production and carbon capture facility in Mason County, W. Va.
Babcock & Wilcox Announces Leadership Appointments
Babcock & Wilcox Enterprises, Inc. (“B&W” or the “Company”) (
NYSEBW) announced the following leadership changes that will become effective January 1, 2025.
Babcock & Wilcox Receives Full Notice to Proceed on $246 Million Contract for Indiana Power Plant Coal-to-Gas Fuel-Switching Project
Babcock & Wilcox (B&W) (
NYSEBW) announced today that its B&W Thermal business segment has received full notice to proceed under an agreement for a coal-to-natural gas conversion project at AES Indiana’s Petersburg Generating Station valued at approximately $246 million.
Babcock & Wilcox Enterprises Reports Third Quarter 2024 Results
Babcock & Wilcox Enterprises, Inc. ("B&W" or the "Company") (
NYSEBW) announced results for the third quarter of 2024.
Babcock & Wilcox Awarded Contract to Evaluate Carbon Capture System for Sweden Waste-to-Energy Plant
Babcock & Wilcox (B&W) (
NYSEBW) announced today that it has been awarded a contract to conduct a full-scale feasibility study of its SolveBright™ carbon dioxide (CO2) capture technology to be integrated into Mälarenergi AB’s waste-to-energy plant in Västerås, Sweden.
Babcock & Wilcox Announces Closing of Previously Announced Sale of its Italian and Swedish Businesses
Babcock & Wilcox Enterprises, Inc. (“B&W” or the “Company”) (
NYSEBW) announced the closing of the previously announced sale of the Italy-based SPIG S.p.A. (SPIG) group of companies and Sweden-based Babcock & Wilcox Vølund AB — formerly known as Götaverken Miljö AB (GMAB) — to AUCTUS Capital Partners AG for approximately $40 million, subject to customary adjustments and expenses.
Babcock & Wilcox Sets Third Quarter 2024 Conference Call and Webcast for Tuesday, November 12, 2024 at 5 p.m. ET
Babcock & Wilcox Enterprises, Inc. (
NYSEBW) (B&W or the “Company”) will host a conference call and webcast on Tuesday, November 12, 2024 at 5 p.m. ET.
Babcock & Wilcox Reaches Agreement to Sell its Italian and Swedish Businesses
Babcock & Wilcox Enterprises, Inc. (“B&W” or the “Company”) (
NYSEBW) announced today it has reached an agreement to sell its Italy-based SPIG S.p.A. (SPIG) group of companies and Sweden-based Babcock & Wilcox Vølund AB formerly known as Götaverken Miljö AB (GMAB) to funds managed by AUCTUS Capital Partners AG, a European private equity firm, for approximately $40 million, subject to customary adjustments and expenses. The deal is expected to close at the end of October and is subject to the satisfaction of customary closing conditions.
Babcock & Wilcox Awarded Front-End Engineering and Design Contract for Canada’s First Waste-to-Energy Plant with Carbon Capture and Sequestration
Babcock & Wilcox (B&W) (
NYSEBW) announced today that it has been awarded a contract to conduct front-end engineering and design (FEED) for Varme Energy Inc.’s (“Varme Energy”) planned waste-to-energy with carbon capture and sequestration project in Alberta, Canada.
Babcock & Wilcox Awarded $8 Million Contract for Cooling System for U.K. Renewable Energy Project
Babcock & Wilcox (B&W) (
NYSEBW) announced today that its B&W Environmental business segment has been awarded a contract for more than $8 million to design and supply a cooling system for a U.K. renewable energy facility.
Babcock & Wilcox Construction Co., LLC Awarded $25 Million Contract for Outage and Maintenance Services at U.S. Power Plant
Babcock & Wilcox (B&W) (
NYSEBW) announced today that Babcock & Wilcox Construction Co., LLC (BWCC) has been awarded a $25 million contract for boiler upgrades, pressure part replacements and other outage and maintenance services at a U.S. thermal power plant.
Babcock & Wilcox Sets Second Quarter 2024 Conference Call and Webcast for Thursday, August 8, 2024 at 5 p.m. ET
Babcock & Wilcox Enterprises, Inc. (
NYSEBW) (B&W or the “Company”) expects to host a conference call and webcast on Thursday, August 8, 2024 at 5 p.m. ET.
Babcock & Wilcox Announces Agreement to Sell its Denmark-Based Renewable Parts and Services Subsidiary
Babcock & Wilcox Enterprises, Inc. (“B&W” or the “Company”) (
NYSEBW) announced today that it has sold its Denmark-based Babcock & Wilcox Renewable Service A/S (BWRS) subsidiary to Zurich, Switzerland-based Hitachi Zosen Inova AG (HZI) for $87 million, subject to customary fees and adjustments.
Babcock & Wilcox Awarded More Than $18 Million for Emissions Control Technology Rebuilds
Babcock & Wilcox (B&W) (
NYSEBW) announced today that its B&W Environmental business segment has recently been awarded more than $18 million in contracts to design and supply wet and dry electrostatic precipitator (ESP) rebuilds for particulate emissions control in utility and industrial facilities in the United States and Europe.
Babcock & Wilcox Signs Agreement to Proceed with Work for Coal-to-Biomass Power Plant Conversion and Carbon Capture Project in Michigan
Babcock & Wilcox (B&W) (
NYSEBW) announced today that it has been granted a limited notice to proceed (LNTP) by NorthStar Clean Energy to begin work on a Bioenergy with Carbon Capture and Storage (BECCS) conversion of a former coal-fired power plant in Filer City, Mich., using B&W’s biomass SolveBright™ post-combustion carbon dioxide (CO2) capture technology.
Babcock & Wilcox Construction Co., LLC Awarded More Than $20 Million in Power Plant Outage and Rebuild Work
Babcock & Wilcox (B&W) (
NYSEBW) announced today that Babcock & Wilcox Construction Co., LLC (BWCC) has been awarded U.S. power plant outage and rebuild work valued at more than $20 million.
Babcock & Wilcox Enterprises Reports First Quarter 2024 Results
Babcock & Wilcox Enterprises, Inc. ("B&W" or the "Company") (
NYSEBW) announced results for the first quarter 2024.
Babcock & Wilcox Sets First Quarter 2024 Conference Call and Webcast for Thursday, May 9, 2024 at 5 p.m. ET
Babcock & Wilcox Enterprises, Inc. (
NYSEBW) (B&W or the “Company”) expects to host a conference call and webcast on Thursday, May 9, 2024 at 5 p.m. ET.
Babcock & Wilcox Awarded Approximately $15 Million Contract to Supply Environmental Equipment for Middle East Industrial Plant
Babcock & Wilcox (B&W) (
NYSEBW) announced today that its B&W Environmental segment has been awarded a contract for approximately $15 million to supply environmental equipment for an industrial facility in the Middle East.
Babcock & Wilcox Awarded Contract to Upgrade Renewable Energy Boilers in Southeast Asia
Babcock & Wilcox (B&W) (
NYSEBW) announced today that its Babcock & Wilcox Renewable Service A/S (B&W Renewable Service) subsidiary has been awarded a contract valued at more than $7 million to upgrade three municipal and commercial waste-fueled boilers and combustion equipment at a waste-to-energy power plant in Southeast Asia.
Babcock & Wilcox Announces Increased Full-Year Adjusted EBITDA Target of $105 Million to $115 Million, New Contracts and Awards of Approximately $500 Million Year-to-Date
Babcock & Wilcox Enterprises, Inc. ("B&W" or the "Company") (
NYSEBW) announced today that year-to-date signed contracts and awards total approximately $500 million, nearly doubling the total value achieved during the same period in 2023. As a result, the Company has increased its Full-Year 2024 Adjusted EBITDA target to $105 million to $115 million excluding BrightLoop™ and ClimateBright™ expenses, an increase from its previous guidance of $100 million to $110 million, excluding BrightLoop™ and ClimateBright™ expenses.
Babcock & Wilcox Receives Contracts Totaling $24 Million for Three Middle East Industrial Boilers
Babcock & Wilcox (B&W) (
NYSEBW) announced today that its B&W Thermal segment has been awarded contracts totaling approximately $24 million to design, manufacture and supply three industrial boilers and associated equipment for petrochemical facilities in the Middle East and Central Asia regions.
Babcock & Wilcox Signs Agreement for Power Plant Fuel-Switching Project Valued at Approximately $246 Million
Babcock & Wilcox (B&W) (
NYSEBW) announced today that its B&W Thermal business segment has signed an agreement valued at approximately $246 million for a gas conversion project for a power plant in North America. Under the agreement, B&W has received limited notice to proceed (LNTP) for the coal-to-natural gas project. Notice to proceed for the full contract is anticipated in the fourth quarter of 2024.
