An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
Babcock & Wilcox Awarded $9 Million Contract to Supply Cooling Systems for Middle East Green Hydrogen Project
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
Babcock & Wilcox (BW) has secured a contract worth over $9 million to design and supply two cooling systems for a clean hydrogen production facility in the Middle East. These cooling towers, made of fiberglass-reinforced polymer (FRP), will support the use of renewable energy in hydrogen production, ensuring efficient and low-emissions operation. The company's Executive VP, Jimmy Morgan, stressed the importance of renewable energy for the future and highlighted their advanced technologies that aid clean energy production. B&W focuses on providing durable solutions that minimize environmental impact.
Positive
Secured a contract worth over $9 million for clean hydrogen facility.
Supply of advanced cooling towers for renewable energy use.
B&W's technologies support low-emissions energy production.
Negative
None.
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 $9 million to design and supply two cooling systems for a clean hydrogen production facility in the Middle East.
B&W Environmental will supply two SPIG® fiberglass-reinforced polymer (FRP) cooling towers to provide efficient, low-emissions cooling for a plant that will use renewable energy sources to produce hydrogen.
“We’re excited to play an important role in this groundbreaking clean energy project,” said Executive Vice President and Chief Operating Officer Jimmy Morgan. “B&W Environmental’s SPIG cooling systems can be custom-designed for renewable energy facilities, including clean hydrogen production, and can help these plants operate at peak performance while protecting the environment from harmful emissions.”
“Renewable energy and hydrogen are key to the future of clean energy in the Middle East and Africa region, and as more energy producers look to produce low- and zero-emissions energy, we’re ready to help them achieve their goals with a broad selection of advanced technologies and services,” Morgan said.
B&W Environmental’s FRP cooling towers can operate under harsh conditions while providing high strength, weather resistance, long-term performance and durability, and exceptional noise and vibration absorption.
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 to design and supply cooling systems for a clean hydrogen production facility in the Middle East. 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.
Media Contact:
Ryan Cornell Public Relations
Babcock & Wilcox
330.860.1345
rscornell@babcock.com
Source: Babcock & Wilcox Enterprises, Inc.
FAQ
What contract did Babcock & Wilcox announce in October 2023?
Babcock & Wilcox announced a contract worth over $9 million to design and supply cooling systems for a clean hydrogen production facility in the Middle East.
What technology will Babcock & Wilcox provide for the hydrogen facility?
Babcock & Wilcox will provide fiberglass-reinforced polymer (FRP) cooling towers designed for efficient and low-emissions cooling.
What is the significance of the Babcock & Wilcox contract in the renewable energy sector?
The contract underscores Babcock & Wilcox's role in supporting clean energy initiatives, particularly in hydrogen production using renewable energy sources.
How does Babcock & Wilcox's solution benefit the environment?
Babcock & Wilcox's cooling systems are designed to operate with low emissions, helping to minimize environmental impact while supporting renewable energy facilities.
