Babcock & Wilcox Environmental Awarded $13 Million Contract to Provide Advanced Technology to Reduce Environmental Impact of Power Plant Ash

Rhea-AI Summary

Babcock & Wilcox (NYSE: BW) announced a $13 million contract for its Environmental segment to design and supply equipment aimed at mitigating environmental impact from ash at a U.S. power plant. The project will retrofit the existing ash slurry system with a state-of-the-art Allen-Sherman-Hoff® submerged grind conveyor (SGC), addressing zero-discharge bottom ash removal requirements. B&W's Executive VP highlighted the company's capability to support customers transitioning to cleaner power generation.

Positive

• Awarded $13 million contract for environmental technology solutions.
• Implementation of advanced SGC system expected to enhance ash handling efficiency.
• Demonstrates B&W's capabilities in supporting cleaner, lower-emission power generation.

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• 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 $13 million to design and supply equipment to reduce the environmental impact of ash at a U.S. power plant.

B&W Environmental will design, manufacture and supply a state-of-the-art Allen-Sherman-Hoff^® submerged grind conveyor (SGC) ash-handling system and related equipment as a retrofit to the plant’s existing ash slurry system to meet zero-discharge bottom ash removal requirements.

“As many of our customers join the transition to cleaner, lower-emissions power generation, B&W is positioned to provide a full suite of environmental technologies for utilities and industry, as well as renewable energy solutions to reduce greenhouse gas emissions,” said B&W Executive Vice President and Chief Operating Officer Jimmy Morgan. “B&W Environmental’s submerged grind conveyor is smaller and more versatile than conventional chain conveyors, can be tailored to each specific plant layout, and is highly effective in helping plant operators reduce the environmental impact of their operations.”

B&W Environmental’s SGC system offers a heavy-duty, flexible design for effective bottom ash transport and dewatering. This patented, proven technology offers simplified installation and operation for superior ash handling.

About Babcock & Wilcox
Headquartered in Akron, Ohio, Babcock & Wilcox Enterprises 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.

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 awarding of a contract to design and supply environmental technologies 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/20220217005180/en/

Investor Contact:

Megan Wilson

Chief Strategy Officer and Sr. Vice President, Corporate Development

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 announced by Babcock & Wilcox?

Babcock & Wilcox announced a contract worth approximately $13 million.

What technology is Babcock & Wilcox supplying for the U.S. power plant?

Babcock & Wilcox is supplying a state-of-the-art Allen-Sherman-Hoff® submerged grind conveyor (SGC) ash-handling system.

What are the environmental goals of the contract awarded to Babcock & Wilcox?

The contract aims to reduce the environmental impact of ash and meet zero-discharge bottom ash removal requirements.

How does the SGC system benefit power plant operations?

The SGC system offers flexibility, effective ash transport, and simplified installation, improving operational efficiency.

What does Babcock & Wilcox's Executive VP say about the company's positioning?

The Executive VP stated that Babcock & Wilcox is positioned to provide a full suite of environmental technologies for cleaner power generation.