Welcome to our dedicated page for Babcock & Wilcox Enterprises I news (Ticker: BW), a resource for investors and traders seeking the latest updates and insights on Babcock & Wilcox Enterprises I stock.
Babcock & Wilcox Enterprises, Inc. (BW) is an Akron, Ohio‑based energy technology company that focuses on energy and environmental products and services for power and industrial markets worldwide. Its news flow reflects activities across its B&W Renewable, B&W Environmental, and B&W Thermal segments, as well as capital markets events and corporate governance developments.
Visitors to this BW news page can review company announcements about project awards, technology deployments, and strategic agreements. Recent press releases include contracts for advanced low‑pressure Wet Gas Scrubbing technology at a Canadian petroleum refinery, boiler refurbishment and equipment installation for a Canadian pulp and paper mill, and service work at a U.S. coal‑fired power plant to install replacement steam and reheat piping. These items illustrate how Babcock & Wilcox applies its steam generation and environmental control capabilities in real‑world projects.
The company also reports news related to carbon capture and AI data center power projects, such as limited notices to proceed for its SolveBright CO₂ capture system at a U.S. power plant and agreements to design and install natural gas‑fired power plants using proven boiler and steam turbine configurations for AI factories and data centers. In addition, investors can follow updates on at‑the‑market equity offerings, redemption of senior notes, and other financing activities disclosed through press releases and related SEC filings.
Corporate and investor‑relations news items include participation in conferences like the Needham Growth Conference and the B. Riley Convergence Conference, as well as announcements about board and executive transitions. This news page brings together these disclosures so that readers can review how Babcock & Wilcox communicates its project pipeline, technology focus, financing actions, and leadership changes over time.
Babcock & Wilcox (BW) and Fidelis New Energy have established a global alliance aimed at producing clean hydrogen. The collaboration combines B&W's bubbling fluidized bed boiler technology with Fidelis' patent-pending FidelisH2™ technologies, achieving zero-carbon intensity hydrogen production. This initiative aligns with the Inflation Reduction Act, qualifying for a $3-per-kilogram hydrogen production tax credit. The partnership is expected to open new markets and enhance B&W's renewable energy portfolio, advancing global clean energy goals.
Babcock & Wilcox (BW) has secured a contract exceeding $20 million for the design and supply of ash-handling systems at a North American power plant. This project aims to enhance environmental compliance and reduce emissions. The contract includes four Allen-Sherman-Hoff® Submerged Grind Conveyor systems and two tube conveyors, manufactured in Lancaster, Ohio. B&W's technology focuses on effective bottom ash transport while minimizing environmental impact, supporting the operational needs of the North American power fleet.
Babcock & Wilcox (NYSE: BW) has signed a collaboration agreement with Chart Industries (NYSE: GTLS) to advance B&W’s BrightLoop hydrogen generation technology. This partnership aims to produce low-carbon hydrogen and efficiently manage carbon dioxide using Chart's liquefaction and carbon capture solutions. Both companies will also devise sales strategies for commercial hydrogen and carbon capture projects. B&W's BrightLoop technology is versatile, converting various fuels into hydrogen, syngas, and steam, while Chart’s technology enhances the storage and transport of liquid hydrogen.
Babcock & Wilcox (NYSE: BW) has secured a contract exceeding $24 million to provide two industrial package boilers and advanced emissions control systems for a petroleum refinery in North America. The B&W Thermal segment will design and supply the boilers and auxiliary equipment, while the B&W Environmental division will deliver select catalytic reduction systems to manage nitrogen oxide emissions. This contract highlights the strong demand for reliable steam generation and emissions technologies in the oil and gas sector.
Babcock & Wilcox (NYSE: BW) announced a new contract worth over $42 million for upgrade and maintenance projects across North America in the electrical utility, pulp & paper, and oil & gas sectors. The company's Babcock & Wilcox Construction Co., LLC (BWCC) is experiencing strong demand for its Thermal aftermarket services. BWCC has a substantial backlog for construction projects heading into 2023, indicating consistent growth in service offerings, including boiler installations and repairs.
Babcock & Wilcox announced its Q3 2022 results, highlighting revenues of $214.9 million, a 34% increase from the previous year, but recorded a net loss of $20.6 million, down from a net income of $13.6 million. Adjusted EBITDA fell to $13.1 million from $18.9 million. Bookings improved by 31% to $227 million, with a backlog of $730 million, a 35% increase. The company anticipates a full-year Adjusted EBITDA of between $100 million and $120 million for 2023, despite ongoing supply chain challenges.
Babcock & Wilcox (NYSE: BW) announced its adjusted EBITDA targets for 2023, forecasting between $100 million and $120 million, despite geopolitical challenges affecting 2022. The company revised its 2022 EBITDA target down to $70 million to $80 million due to supply chain pressures. Strong demand is evidenced by a $724 million backlog and $226 million in bookings for Q3 2022, marking over 30% improvement from Q3 2021. A conference call is scheduled for November 8, 2022, to discuss these results.
Babcock & Wilcox (BW) has been awarded a contract by CONSOL Energy to study the application of its SolveBright CO2 capture technology for the 21st Century Power Plant project. This project aims to utilize advanced carbon capture technologies as part of a U.S. Department of Energy initiative. The plant is designed to capture approximately 781,000 metric tonnes of CO2 annually. B&W will collaborate with Honeywell UOP, leveraging their ASCC process technology to enhance CO2 emissions reduction and promote clean energy generation.
Babcock & Wilcox (NYSE: BW) will participate in the 2022 Global Clean Energy Action Forum from Sept. 21-23 in Pittsburgh, Pa. Chairman and CEO Kenneth Young will join industry leaders and U.S. DOE officials for a roundtable on Sept. 22 at 6:30 p.m. ET, emphasizing commercialization of clean energy technologies. The event includes the 4 C’s Celebration, focusing on the transition from research to market. Young highlighted B&W's role in reducing emissions and advancing renewable energy solutions.
Babcock & Wilcox Enterprises (NYSE:BW) will present at D.A. Davidson’s 21st Annual Diversified Industrials & Services Conference in Nashville, TN, on September 23, 2022. The presentation is scheduled from 11:00 a.m. to 11:30 a.m. Eastern Time, alongside one-on-one meetings throughout the event. For further information or meeting requests, attendees are encouraged to contact D.A. Davidson representatives or visit the conference web site.