Welcome to our dedicated page for Babcock & Wilcox Enterprises news (Ticker: BW), a resource for investors and traders seeking the latest updates and insights on Babcock & Wilcox Enterprises stock.
Babcock & Wilcox Enterprises, Inc. (Symbol: BW) is a prominent player in the energy and environmental technologies sector, headquartered in Charlotte, N.C. With a robust global presence, Babcock & Wilcox (B&W) employs approximately 6,000 individuals worldwide and is dedicated to delivering cutting-edge solutions in power and industrial markets.
The company operates through three primary segments:
- B&W Renewable: This segment is committed to sustainable power and heat generation, focusing on renewable energy sources and technologies that promote environmental stewardship.
- B&W Environmental: Specializing in emissions control, this segment provides advanced solutions to minimize environmental impact, ensuring compliance with stringent regulatory standards.
- B&W Thermal: The largest revenue generator for the company, this segment deals with steam generation products and solutions for power plants, the oil and gas industry, and other industrial sectors.
Babcock & Wilcox’s customer base is extensive, encompassing industrial, electrical utility, and municipal industries. Their operations are predominantly located in the United States, Canada, Denmark, the United Kingdom, and other regions, with the U.S. contributing the majority of the company's revenue.
Recent achievements highlight the company's commitment to innovation and environmental sustainability. B&W has been actively engaged in numerous projects that enhance energy efficiency and reduce environmental footprint, underscoring its leadership in the industry.
Whether through pioneering renewable energy technologies or providing critical emissions control solutions, Babcock & Wilcox continues to set benchmarks in the energy sector, maintaining its status as a global leader in power generation and environmental solutions.
Babcock & Wilcox (NYSE: BW) has secured a $5 million contract to supply a SPIG S.p.A cooling system for a petrochemical facility in the Middle East. The cooling tower aims to enhance propane dehydrogenation and polypropylene production while minimizing environmental impact through reduced water usage and liquid discharge. COO Jimmy Morgan highlighted the growing demand for environmental technologies in the region, indicating B&W's intent to expand its business within the petrochemical sector.
Babcock & Wilcox Enterprises, Inc. (NYSE:BW) will hold a conference call on November 10, 2021, at 5 p.m. ET to discuss its third quarter 2021 results. B&W Chairman Kenneth Young and CFO Louis Salamone will present the details following the release of financial results after market close. Participants can listen via phone or through B&W’s Investor Relations site. A replay will be available for a limited time.
Babcock & Wilcox (NYSE:BW) has signed a global license agreement with the Ohio State Innovation Foundation for a chemical looping process. This technology enables the production of hydrogen, steam, or syngas from various fuels while ensuring near-zero carbon emissions. The collaboration builds on successful demonstrations at the U.S. National Carbon Capture Center. The BrightLoop process is economically favorable due to its extended particle life and lower operational costs. B&W aims to leverage this technology within its ClimateBright suite to serve diverse industries.
Babcock & Wilcox (NYSE: BW) has secured a $30 million contract to provide environmental technologies for a U.S. industrial facility. The B&W Environmental segment will design and supply a range of systems, including a spray dry absorber, electrostatic precipitators, and a waste heat boiler, aimed at controlling emissions. COO Jimmy Morgan highlighted the company's commitment to environmental sustainability and the growth potential in the industrial sector. B&W Environmental specializes in technologies for reducing harmful emissions, including particulate and acid gases.
Babcock & Wilcox Enterprises, Inc. (NYSE:BW) announced on October 20, 2021 that the U.S. Securities and Exchange Commission (SEC) has completed its investigation into the company, initiated in 2017. The SEC staff confirmed that they do not intend to recommend any enforcement action against Babcock & Wilcox. CEO Kenneth M. Young expressed satisfaction in closing this chapter and emphasized the company’s cooperation with the SEC throughout the investigation. Babcock & Wilcox continues to be a leader in energy and environmental technologies.
Babcock & Wilcox (NYSE: BW) announced a partnership with Port Anthony Renewables Limited to develop a biomass-to-hydrogen clean energy project in Victoria, Australia. This project will utilize B&W's BrightLoop technology within the ClimateBright suite, aiming to facilitate the largest green hydrogen hub in southeastern Australia. BrightLoop can convert various fuels into zero-carbon hydrogen while capturing CO2 for sequestration. The initiative aligns with the growing demand for decarbonization in the Asia-Pacific region.
Babcock & Wilcox (NYSE: BW) has secured a $7 million order for equipment and services from a utility customer in Southeast Asia. The project focuses on the design, supply, installation, and commissioning of boiler cleaning equipment as part of an upgrade. This initiative is aligned with B&W's growth strategy in the Asia-Pacific region, where the company has enhanced resources since establishing its regional headquarters last year. B&W aims to target markets including renewable energy, environmental services, and industrial sectors.
Babcock & Wilcox (NYSE: BW) has secured a $10 million contract for ash-handling equipment installation to ensure environmental compliance for a U.S. power plant. The installation includes Allen-Sherman-Hoff® Submerged Grind Conveyors, offering a cost-effective solution without the need to displace existing equipment. B&W's engineering team emphasizes their capability for comprehensive project execution. This contract highlights the company's commitment to supporting clean energy initiatives and meeting complex environmental requirements.
Babcock & Wilcox (NYSE: BW) has successfully acquired a majority stake in Illinois-based Fosler Construction Company Inc., now operating as Fosler Solar. This acquisition aims to enhance B&W's renewable energy segment, with Fosler Solar expected to significantly contribute to the company's growth in the U.S. solar market. Fosler, recognized as one of the fastest-growing solar service firms, will continue to be led by its CEO, Paul Fosler, who remains a minority stakeholder. Fosler Solar specializes in commercial, industrial, and utility-scale solar services.
Babcock & Wilcox (NYSE: BW) has secured an award exceeding $38 million to provide waste-to-energy technologies for municipal projects in East Asia. The B&W Renewable segment will supply its Vølund DynaGrate® combustion grates and advanced waste-to-energy boilers, capable of processing around 2 million tons of municipal waste annually. CEO Jimmy Morgan emphasized the importance of clean energy solutions in Asia and the company's commitment to enhancing renewable energy offerings in the region, aligning with their growth strategy.
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