Babcock & Wilcox Secures $21 Million for Fuel Switching Technology Awards; Parts and Services Continues Strong Performance Driven by Increased Baseload Demand
Babcock & Wilcox Secures $21 Million for Fuel Switching Technology Awards; Parts and Services Continues Strong Performance Driven by Increased Baseload Demand
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fuel switching technologiestechnical
Technologies that allow industrial plants, power generators, vehicles or buildings to use different kinds of fuel—such as switching from coal or oil to natural gas, electricity, hydrogen or biofuels—without replacing the whole system. Investors care because they can cut fuel costs, reduce emissions and lower regulatory or supply risks; think of it like a kitchen stove that can run on either gas or electricity, giving its owner flexibility and resilience.
coal-to-gas conversiontechnical
Coal-to-gas conversion is the process of replacing coal-fired energy systems or industrial boilers with equipment that burns natural gas instead, often involving new pipelines, burners and control systems. Investors care because it changes operating costs, emissions profiles, regulatory risk and capital spending—similar to swapping a coal stove for a gas furnace: lower pollution and different fuel bills, but requiring upfront investment and altering future profitability and compliance exposure.
baseload generation demandtechnical
Baseload generation demand is the minimum, continuous level of electricity consumers need at all times — the steady portion of power use that must be supplied even when overall demand drops. Investors care because assets that reliably meet that baseline (for example, plants that run continuously or storage paired with renewables) offer predictable revenue and lower risk, much like a property with steady rental income versus one dependent on occasional tenants.
forward-looking statementsregulatory
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
Form 10-Kregulatory
A Form 10-K is a comprehensive report that publicly traded companies are required to file annually with regulators. It provides a detailed overview of a company's financial health, operations, and risks, similar to a detailed health report. Investors use this information to assess the company's performance and make informed decisions about buying or selling its stock.
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AKRON, Ohio--(BUSINESS WIRE)--
Babcock & Wilcox (B&W) (NYSE: BW) announced today that it has recently secured awards of more than $21 million for fuel switching technologies in the United States reflecting the increased utilization of coal and natural gas power plants. This increased demand for power is also driving continued strong performance in the Company’s parts and services business.
“B&W continues to experience strong demand for its parts and services as coal power plants in the United States operate at peak capacity for extended periods to meet baseload generation demand,” said Matthew Taylor, Senior Vice President, B&W Parts and Field Engineering Services.
“These fuel switching projects, which include engineering and material supply, reinforce B&W’s leadership in delivering efficient, reliable coal-to-gas conversion solutions to help customers reduce emissions without compromising plant performance,” said Justin Chenevey, B&W Senior Vice President, Global Projects. “We’re proud to support both industrial and utility clients with customized upgrades that provide greater fuel flexibility and long-term value.”
“This new work follows our successful fourth quarter 2025 conversion of a 100 MW utility boiler from coal to natural gas, delivered ahead of schedule and within budget,” Chenevey added. “We are also currently executing an additional 1200 MW of coal-to-gas conversion projects which are scheduled for completion this year.”
B&W has successfully performed more than 150 boiler conversions, including projects to switch from coal or oil to 100 percent natural-gas-firing systems, as well as adding multi-fuel capabilities, significantly lowering environmental impact while also reducing fuel and plant operating costs.
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 more than $21 million in projects to engineer and supply fuel switching technologies in the U.S., and expected demand for our technologies and services. 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.
