Articles from Babcock & Wilcox Enterprises, Inc.

Babcock & Wilcox (B&W) (NYSEBW) announced today that its Babcock & Wilcox Construction Co., LLC (BWCC) subsidiary was awarded $35 million in contracts for maintenance and service work at power plants and industrial facilities in North America, contributing to a backlog of more than $160 million in construction services heading into 2025.

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.

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 Enterprises, Inc. (“B&W” or the “Company”) (NYSEBW) announced the following leadership changes that will become effective January 1, 2025.

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, Inc. ("B&W" or the "Company") (NYSEBW) announced results for the third quarter of 2024.

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 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 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 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 (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 (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 Enterprises, Inc. ("B&W" or the "Company") (NYSEBW) announced results for the second quarter of 2024.

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 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 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 (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 (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 (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, Inc. ("B&W" or the "Company") (NYSEBW) announced results for the first quarter 2024.

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 (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 (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 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 (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 (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.

Babcock & Wilcox Enterprises, Inc. ("B&W" or the "Company") (NYSEBW) announced results for the fourth quarter and full year 2023.

Babcock & Wilcox Enterprises, Inc. (NYSEBW) (B&W or the “Company”) expects to host a conference call and webcast on Thursday, March 14, 2024 at 5 p.m. ET.

Babcock & Wilcox Enterprises, Inc. (B&W) (NYSEBW) announced today that its subsidiary, Babcock & Wilcox Canada Corp. (B&W Canada), has been awarded a contract for more than $13 million to supply equipment and design and engineering services to help a petroleum refinery in North America comply with environmental regulations.

Babcock & Wilcox Enterprises, Inc. (B&W) (NYSEBW) announced today that its subsidiary, Babcock & Wilcox Solar Energy, Inc. (B&W Solar), has been awarded contracts by Cypress Creek Renewables, LLC to implement three utility-scale photovoltaic solar power installations totaling 75 megawatts in western Pennsylvania.

Babcock & Wilcox (B&W) (NYSEBW) and Black Hills Energy announced today that the companies have received a $16 million grant from the Wyoming Energy Authority to fund the permitting, engineering and development activities for a clean hydrogen generation facility with carbon dioxide (CO2) capture and sequestration at Black Hills Energy’s Neil Simpson Power Plant in Gillette, Wyo.

Babcock & Wilcox Enterprises, Inc. ("B&W" or the "Company") (NYSEBW) today announced that, effective January 18, 2024, it has entered into a new three-year senior secured credit agreement with Axos Bank (“Axos”) under which Axos has provided an asset-based revolving credit facility of up to $150 million that can be used to support letters of credit, renewable energy growth initiatives and potential accretive business purposes.

Babcock & Wilcox Enterprises, Inc. (NYSEBW) (B&W) has been invited to participate at Janney Montgomery Scott’s Inaugural Clean Energy Investment Symposium, which is being held at Tulane University, New Orleans, LA, December 5-6, 2023.

Babcock & Wilcox Enterprises, Inc. (B&W) (NYSEBW) announced today that Dr. Naomi Boness (Ph.D.) has been appointed to its Board of Directors, increasing the size of the Board to seven members.

Babcock & Wilcox Enterprises, Inc. ("B&W" or the "Company") (NYSEBW) announced results for the third quarter of 2023 and information regarding its strategic business realignment.

Babcock & Wilcox Enterprises, Inc. (NYSEBW) (B&W or the “Company”) expects to host a conference call and webcast on Thursday, November 9, 2023 at 5 p.m. ET.

Babcock & Wilcox Enterprises, Inc. (“B&W”) (NYSEBW) announced today that its Canadian subsidiary, Babcock & Wilcox Canada Corp. (“B&W Canada”), has been awarded a multi-year utility plant maintenance contract from Newfoundland and Labrador Hydro for its Holyrood Thermal Generating Station in Newfoundland, Canada, valued at nearly $11 million with customer options for additional work.

Babcock & Wilcox Enterprises, Inc. (B&W) (NYSEBW) announced today that its B&W Environmental business segment has been awarded environmental equipment contracts totaling more than $11 million to supply two replacement wet electrostatic precipitators (ESPs) at two U.S. industrial facilities and rebuild a wet ESP for a third facility.

Babcock & Wilcox Enterprises, Inc. ("B&W" or the "Company") (NYSEBW), today announced that the Company is scheduled to participate in the 7th Annual Lake Street Best Ideas Growth (“BIG7”) Conference and the 22nd Annual D.A. Davidson Diversified Industrials & Services Conference, both of which are planned for September 2023.

Babcock & Wilcox Enterprises, Inc. (B&W) (NYSEBW) announced today that its B&W Environmental business segment has been awarded a contract for approximately $9 million to design and supply an air-cooled condenser system for a waste-to-energy facility in the U.K.

Babcock & Wilcox Enterprises, Inc. ("B&W" or the "Company") (NYSEBW) announced results for the second quarter of 2023.

Babcock & Wilcox (B&W) (NYSEBW) announced today that it has reached an agreement on a term sheet for General Hydrogen Corp., a CGI Gases subsidiary, to purchase net-negative carbon intensity hydrogen from a biomass-fueled facility utilizing BrightLoop™ technology being developed by B&W in Louisiana.

Babcock & Wilcox Enterprises, Inc. (B&W) (NYSEBW) announced today that its subsidiary, Babcock & Wilcox Solar Energy, Inc., has been awarded contracts totaling more than $20 million by Summit Ridge Energy, LLC, for the engineering, procurement and construction (EPC) of 25 megawatts of community solar energy projects in Illinois.

Babcock & Wilcox (B&W) (NYSEBW) announced today that it has been awarded a contract by NorthStar Clean Energy to conduct a Bioenergy with Carbon Capture and Storage (BECCS) engineering study to convert a coal-fired power plant in Michigan to use biomass fuel and retrofit the plant with B&W’s SolveBright™ carbon dioxide (CO2) capture process.

Babcock & Wilcox Enterprises, Inc. (NYSEBW) (B&W or the “Company”) expects to host a conference call and webcast on Tuesday, August 8, 2023 at 5 p.m. ET.

Babcock & Wilcox Enterprises, Inc. ("B&W" or the "Company") (NYSEBW), today announced that the Company is scheduled to participate in the following investor events in May: (i) the 23rd Annual B. Riley Institutional Investor Conference and (ii) the 20th Annual Craig-Hallum Institutional Investor Conference.

Babcock & Wilcox Enterprises, Inc. ("B&W" or the "Company") (NYSEBW) announced results for the first quarter of 2023.

Babcock & Wilcox (B&W) (NYSEBW) announced today that Black Hills Energy (BHE) has selected its BrightLoop™ hydrogen generation technology for the feasibility study of a proposed project to produce clean hydrogen from coal and capture carbon dioxide (CO2) emissions at BHE’s Neil Simpson Power Plant in Gillette, Wyo. BrightLoop is a novel chemical looping technology that can use a variety of fuels to produce clean energy with complete CO2 capture.

Babcock & Wilcox Enterprises, Inc. (NYSEBW) (B&W or the “Company”) expects to host a conference call and webcast on Wednesday, May 10, 2023 at 8 a.m. ET.

Babcock & Wilcox Enterprises, Inc. (B&W) (NYSEBW) announced today that its subsidiary, Babcock & Wilcox Solar Energy, Inc., has been awarded contracts totaling more than $15 million by Summit Ridge Energy, LLC (SRE), a leading commercial solar company in the U.S., to engineer, procure and construct five community solar power installations in Illinois.

Babcock & Wilcox (B&W) (NYSEBW) announced today that its B&W Environmental business segment has been awarded a contract for more than $9 million to design and supply two cooling systems for a clean hydrogen production facility in the Middle East.

Babcock & Wilcox Enterprises, Inc. ("B&W" or the "Company") (NYSEBW) announced results for the fourth quarter and full year 2022.

Babcock & Wilcox Enterprises, Inc. (NYSEBW) (B&W or the “Company”) expects to host a conference call and webcast on Wednesday, March 15, 2023 at 8 a.m. ET.

Babcock & Wilcox (B&W) (NYSEBW) announced today that its B&W Environmental business segment has been awarded contracts totaling more than $14 million to design and supply highly efficient dry cooling systems for waste-to-energy plants in the UK.

Babcock & Wilcox (B&W) (NYSEBW) announced today that its B&W Environmental and B&W Renewable business segments have been awarded a contract for approximately $65 million by Lostock Sustainable Energy Plant Ltd. (LSEP) to provide engineering services and advanced technologies for the LSEP Sustainable Energy plant located at Lostock Gralam near Manchester, UK. LSEP is a joint venture formed by Copenhagen Infrastructure Partners and FCC Environment (UK).

Babcock & Wilcox (B&W) (NYSEBW) announced today that its B&W Environmental segment has been awarded a contract by Phillips 66 Limited to design a flue gas pre-treatment technology upstream from a planned carbon dioxide (CO2) capture system on the Phillips 66 Limited Humber Refinery’s Fluid Catalytic Cracker (FCC) in North Lincolnshire, United Kingdom.

The Babcock & Wilcox Company (B&W) (NYSEBW) and Fidelis New Energy, LLC (Fidelis) announced today that they have formed a global alliance for technology to produce clean hydrogen. The alliance pairs B&W’s bubbling fluidized bed boiler technology and equipment with Fidelis’ proprietary patent-pending FidelisH2™ technologies to produce zero-carbon intensity hydrogen.

Babcock & Wilcox (B&W) (NYSEBW) announced today that its B&W Environmental segment has been awarded a contract for more than $20 million to design and supply ash-handling and conveying technologies for a power plant in North America. The equipment is designed to assist the plant operator to reduce the environmental impact of the plant and compliance with emissions regulations.

Babcock & Wilcox (B&W) (NYSEBW) announced today that it has entered into an agreement with Chart Industries, Inc. NYSE: GTLSNYSEGTLS)

Babcock & Wilcox (B&W) (NYSEBW) announced today that it has signed an agreement with NRG Korea to study the applicability of B&W’s BrightLoop™ technology for a hydrogen generation facility using biomass fuel in South Korea.

Babcock & Wilcox (B&W) (NYSEBW) announced today that its B&W Thermal and B&W Environmental business segments have been awarded a contract for more than $24 million to supply two industrial package boilers, auxiliary equipment and advanced emissions control technologies for a petroleum refinery in North America.

Babcock & Wilcox (B&W) (NYSEBW) announced today that its Babcock & Wilcox Construction Co., LLC (BWCC) subsidiary was awarded more than $42 million in significant upgrade and maintenance projects within the electrical utility, pulp & paper, and oil & gas segments in North America.

Babcock & Wilcox Enterprises, Inc. ("B&W" or the "Company") (NYSEBW) announced results for the third quarter of 2022.

Babcock & Wilcox Enterprises, Inc. ("B&W" or the "Company") (NYSEBW) today introduced a full year 2023 adjusted EBITDA target and outlook and announced a revised full year 2022 adjusted EBITDA target. Management will discuss financial results for the third quarter ended September 30, 2022 and outlook on a conference call and webcast on Tuesday, November 8, 2022, at 5 p.m. Eastern Time.

Babcock & Wilcox (B&W) (NYSEBW) announced today that its B&W Environmental segment has been awarded a contract to study the application of B&W’s SolveBrightTM solvent-based carbon dioxide (CO2) capture solution for CONSOL Energy’s advanced coal and biomass-based 21st Century Power Plant project, which is currently in development. B&W selected Honeywell UOP’s Advanced Solvent Carbon Capture (ASCC) process technology for the CO2 capture aspect of the project.

Babcock & Wilcox (B&W) (NYSEBW) is proud to announce its participation in the 2022 Global Clean Energy Action Forum, organized by the U.S. Department of Energy and Carnegie Mellon University, Sept. 21-23, 2022, in Pittsburgh, Pa. B&W Chairman and Chief Executive Officer Kenneth Young will be a featured speaker in a special roundtable discussion with other key energy industry leaders and U.S. DOE officials on Thursday, Sept. 22 at 6:30 p.m. ET.

Babcock & Wilcox Enterprises, Inc. (NYSEBW) (B&W) has been invited to present at D.A. Davidson’s 21st Annual Diversified Industrials & Services Conference, which is being held at the Virgin Hotel in Nashville, TN, September 22-23, 2022.

Babcock & Wilcox Enterprises, Inc. (NYSEBW) (B&W) has been invited to present at the Lake Street Capital Markets 6th Annual Best Ideas Growth (BIG6) Conference, which is being held at The Yale Club in New York on Wednesday, September 14, 2022.

Babcock & Wilcox (B&W) (NYSEBW) announced today that Babcock & Wilcox Construction Co., LLC (BWCC) has been awarded a contract for approximately $42 million to provide construction and installation services for an environmental upgrade project at a U.S. power plant.

Babcock & Wilcox Enterprises, Inc. ("B&W" or the "Company") (NYSEBW) announced results for the second quarter of 2022.

Babcock & Wilcox (B&W) (NYSEBW) announced today that its B&W Renewable segment has been awarded contracts totaling more than $20 million by Summit Ridge Energy (SRE) to provide engineering, procurement, and construction services for seven community solar projects in Illinois.

Babcock & Wilcox Enterprises, Inc. (NYSEBW) (B&W) has been invited to present at the Jefferies Industrials Conference, which is being held at the InterContinental Barclay in New York City, August 9-10, 2022.

Babcock & Wilcox (B&W) (NYSEBW) announced today its B&W Environmental business segment has been awarded a contract for approximately $18 million to provide advanced environmental equipment to reduce emissions for a power plant in Africa.

Babcock & Wilcox (B&W) (NYSEBW) announced today that it has signed a teaming agreement with Newpoint Gas to serve as a foundational technology partner, and provide advanced hydrogen generation, decarbonization and combustion technologies for the redevelopment of the former U.S. Department of Energy Portsmouth Gaseous Diffusion Plant site near Piketon, Ohio.

Babcock & Wilcox Enterprises, Inc. (NYSEBW) (B&W or the “Company”) expects to host a conference call and webcast on Monday, August 8, 2022 at 5 p.m. ET.