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 Enterprises (NYSE: BW) is set to participate in the Seaport Research Partners Annual Summer Investor Conference on August 24-25, 2021. CEO Kenneth Young and CFO Louis Salamone will conduct one-on-one meetings during the event. This conference will feature over 100 management teams and 250 institutional investors engaging in various meetings. B&W is a leader in energy and environmental products and services, headquartered in Akron, Ohio. For more details or to schedule a meeting, interested parties can contact CorporateAccess@seaportrp.com.
Babcock & Wilcox Enterprises (NYSE: BW) will participate in the B. Riley Securities Summer Summit on August 18-19, 2021, at the Proper Hotel in Santa Monica, California. CEO Kenneth Young and CFO Louis Salamone will conduct one-on-one meetings throughout the event. Interested parties can request an invitation or schedule a meeting by emailing 1on1@brileyfin.com.
The summit aims to connect investors with select companies highlighted by B. Riley's equity research team.
Babcock & Wilcox Enterprises (BW) reported a strong Q2 2021, achieving revenues of $202.9 million, a 49.8% increase year-over-year. Key performance indicators included an increase in adjusted EBITDA to $15.1 million, up from $1.7 million in Q2 2020. Despite COVID-19 challenges, the company is advancing its clean energy initiatives, with a project pipeline exceeding $6 billion. Recent financing agreements and a reduction of secured debt by over $347 million bolster BW's growth strategies. The firm anticipates 3-5 new renewable build bookings in 2021.
Babcock & Wilcox (NYSE: BW) will host a conference call and webcast on August 12, 2021, at 5 p.m. ET, to discuss its second quarter 2021 results.
Chairman and CEO Kenneth Young, along with CFO Louis Salamone, will provide insights into the Company’s performance. The results will be released after market close on the same day. Interested participants can access the call via B&W's Investor Relations site, with U.S. dial-in at (833) 227-5843 and international dial-in at (647) 689-4070, using conference ID 8265265.
Babcock & Wilcox Enterprises (NYSE: BW) will present at the Jefferies Industrials Conference on August 3, 2021, at 3:30 p.m. Eastern time. Kenneth Young, Chairman and CEO, and Louis Salamone, CFO, will be featured during this virtual event.
The conference aims to connect over 1,000 executives and investors, focusing on investment opportunities in the industrial sector.
One-on-one meetings with B&W management are also available. For more details and to view the presentation, visit the provided link.
Babcock & Wilcox (NYSE: BW) has secured two contracts worth over $11 million to enhance emission controls and energy efficiency at a power plant in Asia. The contracts include supplying a low-NOx combustion system and upgrading existing combustion equipment. These developments align with B&W's strategy to expand in the Asia-Pacific region, underpinned by the establishment of a regional headquarters in Perth, Australia, in 2020. With a focus on clean energy technologies, B&W aims to meet the growing demand for sustainable solutions across global markets.
Babcock & Wilcox (NYSE: BW) is advancing its BrightGen™ technology, designed for hydrogen combustion solutions in utility and industrial sectors, achieving zero CO2 emissions. The technology is already operational in various global refineries and facilities.
BrightGen can be integrated into existing utility and industrial boilers for power, heating, and steam generation. The ClimateBright™ suite includes technologies for CO2 capture and hydrogen production, applicable across multiple industries. B&W emphasizes the urgency of combating climate change through innovative energy solutions.
Babcock & Wilcox (NYSE: BW) has entered into an Intellectual Property Option Agreement with the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) for exclusive negotiation rights to license advanced thermal energy storage technology. This technology allows for long-term energy storage, vital for enhancing the reliability of solar and wind energy. B&W aims to generate up to 135 megawatts of power from stored thermal energy without CO2 emissions. The company also plans to develop a prototype heat exchanger aimed at scaling up for pilot demonstrations.
Babcock & Wilcox Enterprises (NYSE: BW) announced new Financing Agreements with PNC Bank and MSD Partners on June 30, 2021, securing a $50 million credit facility and up to $125 million in letters of credit. These agreements terminate previous obligations with Bank of America, waiving approximately $9 million in deferred fees. CEO Kenneth Young highlighted the significance of this financing for future growth and project support, aiming to enhance shareholder value while advancing in renewable technologies.
Babcock & Wilcox (BW) Environmental announced its support for Amager Resource Center's application for over €120 million ($140 million USD) in EU funding to develop a carbon dioxide capture facility at Copenhill in Copenhagen. B&W will collaborate with Saipem and Novozymes on the project if funding is approved. The technology utilized includes B&W's SolveBright™ solvent for carbon capture, aiming to capture 500,000 tonnes of CO2 annually. This initiative aligns with Copenhagen's goal of becoming carbon-neutral by 2025.
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