Babcock & Wilcox Enterprises, Inc. - BW STOCK NEWS

Babcock & Wilcox (NYSE: BW) has secured a contract worth over $11 million to design and install boiler equipment for a biomass boiler in Canada. The project includes replacing pressure parts and upgrading the wood feed and air systems. Babcock & Wilcox Canada Corp. will handle the installation. The company emphasizes its experience in providing advanced solutions for renewable biomass-fired plants, aiding customers in achieving energy and environmental goals while maintaining operational reliability.

Babcock & Wilcox (NYSE: BW) has secured contracts exceeding $18 million to enhance efficiency and availability at two U.S. power plants. The work will be carried out by its subsidiary, Babcock & Wilcox Construction Co. (BWCC), who will install key technologies such as waterwall panels and reheater tubes. BWCC specializes in construction and maintenance services for a range of industries, aiming to support utilities in optimizing their operations.

Babcock & Wilcox (NYSE: BW) has signed a cooperation agreement with Applied Blockchain to develop clean energy projects supporting cryptocurrency mining operations over the next three years. This collaboration aims to generate up to 1.5 gigawatts of electrical capacity utilizing B&W's renewable technologies, including carbon capture and hydrogen production. B&W executives highlighted their commitment to addressing the growing demand for sustainable energy in the crypto sector, leveraging their extensive experience and innovative solutions.

Babcock & Wilcox Enterprises (NYSE: BW) announced the completion of a public offering of $140 million in senior notes due 2026, with net proceeds of approximately $134 million. The funds will be utilized for general corporate purposes, including potential acquisitions and clean energy initiatives. The Senior Notes received a BB+ rating from Egan-Jones Ratings Company and will trade under the symbol 'BWNB' starting December 17, 2021. The offering was conducted under a shelf registration statement filed with the SEC.

Babcock & Wilcox (NYSE: BW) and its subsidiary Fosler Solar showcased the Gar Creek solar project to U.S. Department of Energy Secretary Jennifer Granholm in Kankakee, Illinois. This 4.8-megawatt project is set to provide clean energy for nearly 1,000 residents, creating approximately 45 union jobs during construction. The initiative, part of the Illinois Solar for All program, aims to give low-income households better access to renewable energy, promising significant savings on energy bills. The project is anticipated to be completed in Q1 2022.

Babcock & Wilcox Enterprises has announced a public offering of $140 million in 6.50% senior notes due 2026, with an option for underwriters to purchase an additional $21 million. The offering, closing on December 13, 2021, aims to finance general corporate purposes such as acquisitions and clean energy initiatives. These notes are rated BB+ by Egan-Jones and will be listed on NYSE under the symbol ‘BWNB’. The company has effective shelf registration for the notes filed with the SEC.

Babcock & Wilcox (NYSE: BW) has secured a $24 million contract for a new waste-to-energy project in Europe. The project aims to reduce reliance on coal, processing 29 tons of waste per hour through advanced technologies, including the patented DynaGrate combustion system. This initiative will economically generate clean power and diminish net carbon dioxide emissions. The company anticipates growing interest in its solutions for clean energy and emissions reduction, reflecting a positive outlook for future opportunities in the renewable market.

Babcock & Wilcox Enterprises (NYSE: BW) has launched an underwritten public offering of $125 million in senior notes due 2026. The offering is subject to market conditions, and underwriters may purchase additional notes. The proceeds will be utilized for general corporate purposes, including potential acquisitions and clean energy initiatives. Both Babcock & Wilcox and the senior notes received a BB+ rating from Egan-Jones Ratings Company. The offering is registered under Form S-3 with the SEC, with terms and interest rates set at pricing.

Babcock & Wilcox Enterprises, Inc. (NYSE: BW) has completed its acquisition of VODA A/S, enhancing its renewable energy services in Europe. This strategic move aims to strengthen B&W's capabilities in waste-to-energy and biomass sectors while integrating VODA's experienced team. The acquisition supports the company's plans to expand its renewable service business across various industries. B&W Renewable provides sustainable power and heat generation solutions, reinforcing its position in the energy market.