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Babcock & Wilcox Awarded More Than $18 Million for Emissions Control Technology Rebuilds

Business Wire
·1-min read

AKRON, Ohio, June 26, 2024--(BUSINESS WIRE)--Babcock & Wilcox (B&W) (NYSE: BW) 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.

"B&W Environmental’s wet and dry ESP technologies have applications for particulate emissions reduction in a wide variety of industries, including power, waste-to-energy, petrochemical, cement mining and metals and glass manufacturing," said Jimmy Morgan, B&W Executive Vice President and Chief Operating Officer. "In addition to servicing B&W Environmental-designed ESPs, we have decades of experience in providing replacement parts and upgrades for our competitors’ equipment."

"These recent contracts demonstrate the key role B&W Environmental’s technologies play in helping customers all around the world to meet stringent environmental and air quality regulations," Morgan added. "We appreciate of the confidence our customers have shown in our ability to assist them with these challenges."

B&W’s dry and wet ESPs are customizable for a broad range of applications, including the control of particulate emissions from various solid fuels, organic fumes and sulfuric acid, as well as flue gas pretreatment for post-combustion carbon dioxide (CO2) capture systems.

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About Babcock & Wilcox

Headquartered in Akron, Ohio, Babcock & Wilcox Enterprises, Inc. is a leader in energy and environmental products and services for power and industrial markets worldwide. Follow us on LinkedIn and learn more at babcock.com.

Forward-Looking Statements

B&W cautions that this release contains forward-looking statements in connection with contracts to design and supply electrostatic precipitator rebuilds in the U.S. and Europe. These forward-looking statements are based on management’s current expectations and involve a number of risks and uncertainties. For a more complete discussion of these risk factors, see our filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K. If one or more of these risks or other risks materialize, actual results may vary materially from those expressed. We caution readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release, and we undertake no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240626203419/en/

Contacts

Investor Contact:
Investor Relations
Babcock & Wilcox
704.625.4944
investors@babcock.com

Media Contact:
Ryan Cornell
Public Relations
Babcock & Wilcox
330.860.1345
rscornell@babcock.com