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 (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.
Babcock & Wilcox Enterprises, Inc. (NYSE: BW) has signed a definitive agreement to acquire VODA A/S, a leading aftermarket parts and service provider for the waste-to-energy and biomass-to-energy markets. The acquisition, set to close by the end of October 2021, aims to bolster B&W's Renewable segment in Europe. B&W plans to integrate VODA’s services into a new entity, B&W Renewable Service, enhancing its market presence and operational capabilities. This strategic move is expected to create synergies and growth opportunities in the rapidly expanding renewable energy market.
Babcock & Wilcox (NYSE: BW) has secured a $35 million contract from Greenland’s ESANI A/S to supply advanced equipment for new waste-to-energy facilities in Nuuk and Sisimiut. These facilities will transform municipal waste into energy, combatting greenhouse gas emissions by eliminating methane from landfills. Scheduled for completion in 2023 and 2024, the project highlights B&W's commitment to combat climate change. The company is also exploring additional opportunities in Europe, Asia, and North America, reinforcing the global demand for waste-to-energy technology.
Babcock & Wilcox Enterprises (NYSE: BW) will present at D.A. Davidson’s 20th Annual Diversified Industrials & Services Conference on September 22-23, 2021. The presentation is scheduled for September 22 at 8 a.m. Eastern Time, featuring CEO Kenneth Young and CFO Louis Salamone. The virtual event invites leading companies in industrial technology and related sectors, including panel discussions and one-on-one meetings. For more information or to schedule a meeting, contact ECM-Events@dadco.com or 1-800-755-7848.