B&W Environmental Awarded $10 Million Contract to Supply Advanced Ash Handling System

Rhea-AI Summary

Babcock & Wilcox (NYSE: BW) has secured a contract exceeding $10 million to design and supply advanced ash-handling equipment for a U.S. power plant. This project includes eight innovative Submerged Grind Conveyors and other essential equipment, aimed at helping power plant owners comply with new EPA environmental standards. The technology offers a cost-effective solution by eliminating the need for ash ponds and enabling quicker installation while maintaining existing infrastructure. The demand for this technology is increasing as environmental regulations tighten.

Positive

• Contract valued at over $10 million enhances revenue prospects.
• Demand for innovative SGC technology indicates market growth potential.
• Cost-effective solutions align with new EPA environmental standards.

Negative

• None.

Babcock & Wilcox (B&W) (NYSE: BW) announced today that its B&W Environmental segment will design and supply advanced ash-handling equipment to a U.S. power plant customer. The contract is valued at more than $10 million.

The project scope includes the design and supply of eight innovative, patented Allen-Sherman-Hoff^® Submerged Grind Conveyors (SGC), a transfer conveyor, blowers and other equipment.

As the U.S. Environmental Protection Agency implements new effluent limitation guidelines (ELG) and combustion residuals (CCR) requirements, B&W Environmental’s SGC systems offer plant owners an affordable and reliable option to manage ash and protect the environment.

“We’re seeing significant demand for our SGC technology from plant owners looking to comply with new environmental standards,” said B&W Chief Operating Officer Jimmy Morgan. “Our advanced ash handling system offers a simplified, flexible design for effective bottom ash transport and dewatering, and eliminates the need for ash ponds altogether.”

B&W Environmental’s SGC is strategically designed and sized so that it doesn’t require the removal or displacement of bottom ash hoppers or slag tanks, ash gates, clinker grinders, transfer enclosures and other existing equipment. Installation can be accelerated to save time at a lower cost than other bottom ash conveyance systems.

About Babcock & Wilcox

Headquartered in Akron, Ohio, Babcock & Wilcox 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 design and supply 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/20210105005316/en/

FAQ

What recent contract did Babcock & Wilcox (BW) secure?

Babcock & Wilcox announced a contract valued at over $10 million to design and supply advanced ash-handling equipment for a U.S. power plant.

What equipment will Babcock & Wilcox provide under the new contract?

The contract includes eight Submerged Grind Conveyors, blowers, and other ash-handling equipment.

How does the SGC technology benefit power plant owners?

The SGC technology helps power plant owners comply with new EPA regulations, offering a reliable and cost-effective ash management solution.

What is the significance of the new EPA regulations for Babcock & Wilcox?

The new EPA regulations are driving demand for Babcock & Wilcox's SGC technology, positioning the company for potential growth.