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Babcock & Wilcox Awarded $8 Million Contract for Cooling System for U.K. Renewable Energy Project

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Babcock & Wilcox (NYSE: BW) has secured an $8 million contract through its B&W Environmental segment to design and supply a cooling system for a U.K. renewable energy facility. The company will provide a SPIG® air-cooled condenser (ACC), which utilizes an advanced, high-efficiency design ideal for renewable energy applications. This system will support the plant in generating low-carbon baseload electricity.

The SPIG ACC technology offers several advantages, including high efficiency, low operating noise, and high corrosion resistance. It uses ambient air to condensate turbine exhaust steam without the need for water, making it an environmentally friendly solution. This contract underscores B&W's position as a trusted solutions provider in the U.K. renewable energy sector.

Babcock & Wilcox (NYSE: BW) ha ottenuto un contratto di 8 milioni di dollari attraverso il suo segmento B&W Environmental per progettare e fornire un sistema di raffreddamento per un impianto di energia rinnovabile nel Regno Unito. L'azienda fornirà un condensatore aria-rapido SPIG® (ACC), che utilizza un design avanzato ad alta efficienza, ideale per applicazioni nel settore delle energie rinnovabili. Questo sistema supporterà l'impianto nella generazione di elettricità baseload a basse emissioni di carbonio.

La tecnologia SPIG ACC offre diversi vantaggi, tra cui alta efficienza, basso rumore operativo e alta resistenza alla corrosione. Utilizza aria ambientale per condensare il vapore di scarico delle turbine senza la necessità di acqua, rendendolo una soluzione ecologicamente sostenibile. Questo contratto sottolinea la posizione di B&W come fornitore di soluzioni affidabili nel settore dell'energia rinnovabile nel Regno Unito.

Babcock & Wilcox (NYSE: BW) ha conseguido un contrato de 8 millones de dólares a través de su segmento B&W Environmental para diseñar y suministrar un sistema de refrigeración para una instalación de energía renovable en el Reino Unido. La empresa proporcionará un condensador enfriado por aire SPIG® (ACC), que utiliza un diseño avanzado de alta eficiencia, ideal para aplicaciones de energía renovable. Este sistema apoyará a la planta en la generación de electricidad de base de baja en carbono.

La tecnología SPIG ACC ofrece varias ventajas, incluyendo alta eficiencia, bajo ruido operativo y alta resistencia a la corrosión. Utiliza aire ambiental para condensar el vapor de escape de la turbina sin necesidad de agua, lo que lo convierte en una solución respetuosa con el medio ambiente. Este contrato subraya la posición de B&W como proveedor de soluciones confiable en el sector de la energía renovable del Reino Unido.

Babcock & Wilcox (NYSE: BW)는 B&W Environmental 부문을 통해 800만 달러 계약을 체결하고 영국의 재생 에너지 시설을 위한 냉각 시스템을 설계하고 공급할 예정입니다. 이 회사는 재생 가능 에너지 응용 프로그램에 적합한 고효율 설계를 사용하는 SPIG® 공기 냉각 응축기(ACC)를 제공합니다. 이 시스템은 공장에 저탄소 기본 전력을 생성하는 데 도움을 줄 것입니다.

SPIG ACC 기술은 높은 효율, 저소음, 높은 내식성 등 여러 가지 장점을 제공합니다. 이는 대기 중의 공기를 사용하여 터빈의 배기증기를 응축하는 방식으로, 물의 사용이 필요 없는 친환경적인 솔루션입니다. 이 계약은 B&W가 영국 재생 에너지 분야의 신뢰할 수 있는 솔루션 제공자로서의 입지를 강조합니다.

Babcock & Wilcox (NYSE: BW) a obtenu un contrat de 8 millions de dollars à travers son segment B&W Environmental pour concevoir et fournir un système de refroidissement pour une installation d'énergie renouvelable au Royaume-Uni. L'entreprise fournira un condensateur à air SPIG® (ACC), qui utilise un design avancé à haute efficacité, idéal pour les applications d'énergie renouvelable. Ce système épaulera l'installation dans la génération d'électricité de base à faible teneur en carbone.

La technologie SPIG ACC offre plusieurs avantages, notamment haute efficacité, faible bruit de fonctionnement et haute résistance à la corrosion. Elle utilise l'air ambiant pour condenser la vapeur d'échappement de la turbine sans avoir besoin d'eau, ce qui en fait une solution écologique. Ce contrat souligne la position de B&W en tant que fournisseur de solutions de confiance dans le secteur des énergies renouvelables au Royaume-Uni.

Babcock & Wilcox (NYSE: BW) hat einen Vertrag über 8 Millionen Dollar über seine B&W Environmental-Sparte gesichert, um ein Kühlsystem für eine erneuerbare Energieanlage im Vereinigten Königreich zu entwerfen und zu liefern. Das Unternehmen wird einen SPIG® luftgekühlten Kondensator (ACC) bereitstellen, der ein fortschrittliches, hocheffizientes Design nutzt, das sich ideal für Anwendungen im Bereich erneuerbare Energien eignet. Dieses System wird das Werk bei der Erzeugung von kohlenstoffarmer Grundlaststrom unterstützen.

Die SPIG ACC-Technologie bietet mehrere Vorteile, darunter hohe Effizienz, geringe Geräuschentwicklung und hohe Korrosionsbeständigkeit. Sie nutzt Umgebungsluft zur Kondensation des Turbinenabgasdampfs, ohne dass Wasser benötigt wird, was sie zu einer umweltfreundlichen Lösung macht. Dieser Vertrag unterstreicht die Position von B&W als vertrauenswürdiger Lösungsanbieter im Sektor erneuerbarer Energien im Vereinigten Königreich.

Positive
  • Secured an $8 million contract for a renewable energy project
  • Demonstrates B&W's strong position in the U.K. renewable energy sector
  • Provides high-efficiency, environmentally friendly cooling technology
Negative
  • None.

Insights

The $8 million contract awarded to B&W is a positive development, albeit modest in scale. This project enhances B&W's position in the growing renewable energy sector, particularly in the U.K. market. The contract's value, while not transformative for a company of B&W's size, contributes to their order backlog and revenue stream.

Investors should note that this contract aligns with the global shift towards cleaner energy solutions, potentially opening doors for more substantial future contracts. However, the immediate financial impact on B&W's bottom line is likely to be It's important to monitor whether this leads to a trend of securing larger, more impactful contracts in the renewable sector.

The SPIG® air-cooled condenser (ACC) technology is a significant offering in B&W's environmental portfolio. Its high efficiency and low water usage make it particularly suitable for renewable energy projects, addressing two critical concerns: energy efficiency and water conservation. The ACC's ability to operate using only ambient air is a major advantage in regions facing water scarcity issues.

This contract showcases B&W's adaptability to the evolving energy landscape, positioning them well in the competitive clean technology market. The emphasis on low operating noise and high corrosion resistance further enhances the technology's appeal, potentially leading to increased adoption in environmentally sensitive areas.

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

B&W Environmental will supply a SPIG® air-cooled condenser (ACC) for the plant, which will generate low-carbon baseload electricity. The SPIG ACC utilizes an advanced, high-efficiency design which is ideal for renewable energy applications.

“We are glad to be a part of this important clean energy project,” said Jimmy Morgan, B&W Executive Vice President and Chief Operating Officer. “This project demonstrates B&W Environmental’s key position as a trusted solutions provider for the U.K. renewable energy sector.”

SPIG ACC systems are a highly effective dry cooling technology installed in power plants to condensate the turbine exhaust steam using only the ambient air without need for water. The benefits of ACC systems include high efficiency, low operating noise and high corrosion resistance.

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, including, without limitation, statements relating to a contract for the design and supply of a cooling system for a U.K. renewable energy facility. 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.

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

Source: Babcock & Wilcox Enterprises, Inc.

FAQ

What is the value of the contract Babcock & Wilcox (BW) recently won for a U.K. renewable energy project?

Babcock & Wilcox (BW) was awarded a contract worth more than $8 million for a cooling system for a U.K. renewable energy project.

What specific technology will Babcock & Wilcox (BW) supply for the U.K. renewable energy facility?

Babcock & Wilcox (BW) will supply a SPIG® air-cooled condenser (ACC) for the U.K. renewable energy facility.

What are the benefits of the SPIG ACC system that Babcock & Wilcox (BW) will provide?

The SPIG ACC system offered by Babcock & Wilcox (BW) provides high efficiency, low operating noise, high corrosion resistance, and uses only ambient air for cooling without the need for water.

How does the recent contract award impact Babcock & Wilcox's (BW) position in the renewable energy sector?

The contract demonstrates Babcock & Wilcox's (BW) key position as a trusted solutions provider for the U.K. renewable energy sector.

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