Babcock & Wilcox Construction Co., LLC Awarded $25 Million Contract for Outage and Maintenance Services at U.S. Power Plant
Babcock & Wilcox (NYSE: BW) has announced that its subsidiary, Babcock & Wilcox Construction Co., (BWCC), has been awarded a $25 million contract for outage and maintenance services at a U.S. thermal power plant. The contract includes boiler upgrades, pressure part replacements, and other maintenance work to be executed during the plant's Fall 2024 outage.
BWCC Vice President Mike Hidas emphasized the importance of the coal power fleet, which provides approximately 20% of electrical power in the U.S. and is a critical source of baseload energy. The company aims to ensure energy security by helping customers maintain reliable and efficient baseload generating assets.
BWCC operates multiple regional construction offices across the U.S. and Canada, enabling quick response to customer requests and efficient project management.
Babcock & Wilcox (NYSE: BW) ha annunciato che la sua filiale, Babcock & Wilcox Construction Co. (BWCC), ha ricevuto un contratto di 25 milioni di dollari per servizi di fermo e manutenzione in una centrale termica negli Stati Uniti. Il contratto include aggiornamenti delle caldaie, sostituzioni di parti a pressione e altri lavori di manutenzione da eseguire durante il fermo autunnale del 2024 della centrale.
Il Vicepresidente di BWCC, Mike Hidas, ha sottolineato l'importanza della flotta di centrali a carbone, che fornisce circa il 20% dell'energia elettrica negli Stati Uniti ed è una fonte critica di energia di base. L'azienda mira a garantire la sicurezza energetica aiutando i clienti a mantenere beni di generazione di base affidabili ed efficienti.
BWCC gestisce più uffici di costruzione regionali negli Stati Uniti e in Canada, consentendo una risposta rapida alle richieste dei clienti e una gestione efficiente dei progetti.
Babcock & Wilcox (NYSE: BW) ha anunciado que su subsidiaria, Babcock & Wilcox Construction Co. (BWCC), ha sido adjudicada un contrato de 25 millones de dólares para servicios de mantenimiento y apagones en una planta de energía térmica en Estados Unidos. El contrato incluye actualizaciones de calderas, reemplazos de partes a presión y otros trabajos de mantenimiento que se llevarán a cabo durante el apagón de otoño de 2024 de la planta.
El Vicepresidente de BWCC, Mike Hidas, enfatizó la importancia de la flota de energía a carbón, que proporciona aproximadamente el 20% de la energía eléctrica en EE. UU. y es una fuente crítica de energía de base. La empresa tiene como objetivo asegurar la seguridad energética ayudando a los clientes a mantener activos de generación de base confiables y eficientes.
BWCC opera múltiples oficinas de construcción regionales en EE. UU. y Canadá, lo que permite una rápida respuesta a las solicitudes de los clientes y una gestión eficiente de los proyectos.
Babcock & Wilcox (NYSE: BW)는 자회사 Babcock & Wilcox Construction Co. (BWCC)가 미국의 열발전소에서 정기 점검 및 유지보수 서비스를 위한 2500만 달러 계약을 체결했다고 발표했습니다. 이 계약에는 보일러 업그레이드, 압력 부품 교체 및 기타 유지보수 작업이 포함되어 있으며, 발전소의 2024년 가을 정기 점검 기간 동안 수행될 예정입니다.
BWCC의 부사장인 Mike Hidas는 석탄발전소의 중요성을 강조하며, 이는 미국의 전기 수요의 약 20%를 차지하며, 기저 에너지의 중요한 공급원이라고 언급했습니다. 회사는 고객이 신뢰할 수 있고 효율적인 기저 발전 자산을 유지할 수 있도록 지원함으로써 에너지 안보를 보장하는 것을 목표로 하고 있습니다.
BWCC는 미국과 캐나다 전역에 여러 지역 건설 사무소를 운영하여 고객 요청에 신속하게 대응하고 효율적으로 프로젝트를 관리할 수 있습니다.
Babcock & Wilcox (NYSE: BW) a annoncé que sa filiale, Babcock & Wilcox Construction Co. (BWCC), a obtenu un contrat de 25 millions de dollars pour des services d'arrêt et de maintenance dans une centrale thermique aux États-Unis. Le contrat comprend des mises à niveau de chaudières, le remplacement de pièces sous pression et d'autres travaux de maintenance qui seront réalisés lors de l'arrêt programmé de la centrale à l'automne 2024.
Mike Hidas, vice-président de BWCC, a souligné l'importance de la flotte de centrales à charbon, qui fournit environ 20 % de l'électricité aux États-Unis et est une source essentielle d'énergie de base. L'entreprise vise à garantir la sécurité énergétique en aidant ses clients à maintenir des actifs générateurs de base fiables et efficaces.
BWCC gère plusieurs bureaux de construction régionaux aux États-Unis et au Canada, ce qui permet une réponse rapide aux demandes des clients et une gestion efficace des projets.
Babcock & Wilcox (NYSE: BW) hat bekannt gegeben, dass ihre Tochtergesellschaft, die Babcock & Wilcox Construction Co. (BWCC), einen 25-Millionen-Dollar-Vertrag für Ausfall- und Wartungsdienste in einem US-Kohlekraftwerk erhalten hat. Der Vertrag umfasst Kesselmodernisierungen, den Austausch von Druckteilen und andere Wartungsarbeiten, die während des geplanten Ausfalls der Anlage im Herbst 2024 durchgeführt werden sollen.
Mike Hidas, Vizepräsident von BWCC, betonte die Bedeutung des Kohlekraftwerks, das etwa 20 % der elektrischen Energie in den USA bereitstellt und eine kritische Quelle für Grundlastenergie darstellt. Das Unternehmen verfolgt das Ziel, die Energiesicherheit zu gewährleisten, indem es den Kunden hilft, zuverlässige und effiziente Grundlastgeneratoren zu erhalten.
BWCC betreibt mehrere regionale Baubüros in den USA und Kanada, um schnell auf Kundenanfragen zu reagieren und eine effiziente Projektverwaltung zu gewährleisten.
- Secured a $25 million contract for power plant maintenance services
- Contract includes high-value work such as boiler upgrades and pressure part replacements
- Demonstrates BWCC's capability in managing critical infrastructure projects
- Contributes to maintaining U.S. energy security and baseload power generation
- None.
Insights
The
While the contract value is substantial, it's important to contextualize this within B&W's overall financial picture. In their last reported quarter, B&W's revenue was
Investors should note that this contract is for work to be executed in Fall 2024, indicating a healthy backlog and providing some revenue visibility for the coming year. However, it's important to consider the broader trends in the power generation industry, particularly the ongoing transition towards renewable energy sources, which may impact long-term demand for coal plant maintenance services.
From a market perspective, this contract demonstrates B&W's ability to secure significant projects in a challenging environment for coal power. It may positively influence investor sentiment, potentially supporting the stock price in the short term. However, long-term investors should carefully evaluate the company's strategy for adapting to the changing energy landscape.
This contract underscores the ongoing importance of coal in the U.S. energy mix, despite the push towards cleaner energy sources. The fact that coal still provides
However, it's important to consider the long-term trajectory of coal power. While maintenance contracts like this one are necessary to keep existing plants operational and efficient, they don't necessarily indicate growth in the sector. Instead, they reflect the need to maintain aging infrastructure in a declining industry.
The emphasis on reliability and peak efficiency in the contract speaks to the challenges faced by coal plants in an increasingly competitive energy market. These upgrades are likely aimed at improving the plant's ability to respond to fluctuating demand and compete with more flexible natural gas plants and renewable sources.
For B&W, this contract demonstrates their ability to leverage their expertise in a changing market. However, the company's long-term success will depend on its ability to diversify beyond coal and adapt to the evolving energy landscape, potentially by expanding its services in renewable energy or emissions control technologies.
BWCC will execute the work during the plant’s Fall 2024 outage.
“The coal power fleet provides approximately 20 percent of electrical power in the
“Our experienced team has the knowledge and responsiveness necessary to safely deliver a full range of field construction, construction management and maintenance services for any size facility,” Hidas said.
BWCC operates numerous regional construction offices across the
About Babcock & Wilcox
Headquartered in
Forward-Looking Statements
B&W cautions that this release contains forward-looking statements, including, without limitation, statements relating to an outage and maintenance services contract for a power plant in
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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 awarded to Babcock & Wilcox Construction Co., (BWCC)?
When will BWCC execute the work for the awarded contract?
What percentage of U.S. electrical power does the coal power fleet provide, according to the press release?
What types of services will BWCC provide under this contract?
