B&W Thermal Wins Equipment Installation Contracts with Major US Utility Totaling Over $ 18 Million | News


AKRON, Ohio – (BUSINESS WIRE) – January 11, 2022–

Babcock & Wilcox (B&W) (NYSE: BW) announced today that its B&W Thermal segment has won contracts totaling more than $ 18 million to install equipment to improve operational efficiency, performance and increase uptime of two power plants for a large American utility. B&W subsidiary Babcock & Wilcox Construction Co., LLC (BWCC) will install water wall panels, heater tubes and other technology.

“BWCC provides construction, construction management and field maintenance services for projects of all sizes for utilities and industrial customers, including renewable energy, environment and decarbonization projects. Said Jimmy Morgan, COO of B&W. “Our goal is always to help our customers maintain and improve the operation, efficiency and uptime of their factories so that they can continue to serve their customers reliably. “

BWCC provides shutdown, installation, overhaul, mechanical repair and maintenance services for a variety of industries, plant equipment and facilities regardless of the original manufacturer. . Some industries served include electric utilities, oil and gas, oil sands, chemicals and petrochemicals, pulp and paper, biomass, waste-to-energy, and general manufacturing.

About Babcock & Wilcox

Based in Akron, Ohio, Babcock & Wilcox Enterprises, Inc. is a global leader in energy and environmental technologies and services for the power and industrial markets. Follow us on LinkedIn and learn more at www.babcock.com.

About BWCC

Babcock & Wilcox Construction Co., LLC (BWCC) is a turnkey, single source provider of a full line of construction, construction management and field maintenance services.

Forward-looking statements

B&W cautions that this press release contains forward-looking statements, including, without limitation, statements relating to the receipt of equipment installation contracts for two US power plants. 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 or other risks materialize, actual results may differ 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 assume no obligation to update or revise any forward-looking statements, except to the extent required by applicable law.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220111005184/en/

CONTACT: Investor contact:

Megan Wilson

Vice-President, Corporate Development and Investor Relations

Babcock & Wilcox

704.625.4944 |[email protected]

Media contact:

Ryan cornell

Public relations

Babcock & Wilcox

330.860.1345 |[email protected]

KEYWORD: UNITED STATES NORTH AMERICA OHIO

INDUSTRY KEYWORD: ENVIRONMENT OTHER ENERGY ENGINEERING PUBLIC SERVICES OIL / GAS COAL ALTERNATIVE ENERGY MANUFACTURE OF NUCLEAR ENERGY

SOURCE: Babcock & Wilcox Enterprises, Inc.

Copyright Business Wire 2022.

PUB: 11/01/2022 06:30 AM / DISC: 11/01/2022 06:32 AM

http://www.businesswire.com/news/home/20220111005184/en

Copyright Business Wire 2022.


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