B&W Environmental Awarded $10 Million Contract to Install Technologies to Help Customer Meet Environmental Compliance Requirements

Rhea-AI Summary

Babcock & Wilcox (NYSE: BW) has secured a $10 million contract for ash-handling equipment installation to ensure environmental compliance for a U.S. power plant. The installation includes Allen-Sherman-Hoff® Submerged Grind Conveyors, offering a cost-effective solution without the need to displace existing equipment. B&W's engineering team emphasizes their capability for comprehensive project execution. This contract highlights the company's commitment to supporting clean energy initiatives and meeting complex environmental requirements.

Positive

• Secured a $10 million contract for environmental compliance.
• Installation of innovative Allen-Sherman-Hoff® Submerged Grind Conveyors.
• Demonstrates commitment to clean energy and environmental standards.

Negative

• None.

AKRON, Ohio--(BUSINESS WIRE)-- Babcock & Wilcox (B&W) (NYSE: BW) announced today that its B&W Environmental segment has been awarded a contract for approximately $10 million to install ash-handling equipment that will support its customer’s environmental compliance requirements. The installation work will be performed by Babcock & Wilcox Construction Co., LLC.

The installation includes Allen-Sherman-Hoff^® Submerged Grind Conveyors (SGC) and related components designed by B&W Environmental under a contract announced in January 2021 which offer a simplified and cost-effective system with consideration to each unique plant layout.

“Our engineering and construction teams have the depth of knowledge, skill and experience to execute any size project,” said Jimmy Morgan, B&W Chief Operating Officer. “We offer single-source expertise as a total solutions provider for a full range of field construction, installation, construction management and maintenance and repair services, whether for our own equipment or competitors’ units.”

“The world is more focused than ever before on producing clean energy and safeguarding the environment and we are pleased to use our expertise to help our customers meet their challenging environmental compliance requirements,” Morgan said.

B&W Environmental’s SGC systems offer plant owners a reliable option to manage ash and protect the environment, and don’t require the removal or displacement of bottom ash hoppers or slag tanks, ash gates, clinker grinders, transfer enclosures and other existing equipment.

About Babcock & Wilcox

Headquartered 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 B&W Environmental

Babcock & Wilcox Environmental offers a full suite of best-in-class emissions control products and solutions for utility and industrial steam generation applications around the world. The segment’s broad experience includes systems for ash handling, particulate control, nitrogen oxides and sulfur dioxides removal, chemical looping for carbon control, and mercury control, along with cooling solutions.

Forward-Looking Statements

B&W cautions that this release contains forward-looking statements, including, without limitation, statements relating to the execution and completion of a contract to install ash-handling equipment for a U.S. power plant. 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/20211007005958/en/

Investor Contact:

Megan Wilson

Vice President, Corporate Development & Investor Relations

Babcock & Wilcox

704.625.4944 | investors@babcock.com

Media Contact:

Ryan Cornell

Public Relations

Babcock & Wilcox

330.860.1345 | rscornell@babcock.com

Source: Babcock & Wilcox Enterprises, Inc.

FAQ

What is the recent contract awarded to Babcock & Wilcox (BW)?

Babcock & Wilcox has been awarded a $10 million contract for ash-handling equipment installation to support environmental compliance.

What equipment is included in the Babcock & Wilcox contract?

The contract includes Allen-Sherman-Hoff® Submerged Grind Conveyors and related components.

How does Babcock & Wilcox support clean energy initiatives?

Babcock & Wilcox focuses on providing solutions that help customers meet environmental compliance requirements, emphasizing clean energy.

When was the contract for Babcock & Wilcox announced?

The contract was announced on a recent date, indicating ongoing efforts in the environmental compliance sector.