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 Construction Co. (BWCC) has secured $35 million in contracts for maintenance and service work at power plants and industrial facilities across North America. The company reports a substantial backlog of over $160 million in construction services heading into 2025.
The contracts demonstrate strong market demand for maintenance and service work in North America, as customers prioritize optimal facility performance. BWCC emphasizes the importance of maintaining thermal power fleet operations for energy security and grid reliability. The company's services include outage services, installation, refurbishment, mechanical repair and maintenance services, and equipment and plant installations.
Babcock & Wilcox (NYSE: BW) has secured a $13 million contract to retrofit boiler cleaning equipment for a power plant in Southeast Asia. The project, awarded to B&W's Thermal business segment, encompasses the design, supply, installation, integration, and commissioning of Diamond Power® boiler cleaning equipment.
The scope includes retractable and standard HydroJet® boiler cleaning systems, sootblowers, and a Titanium® advanced intelligent boiler cleaning control system. The customer selected this technology to maintain stable, full-capacity power generation, improve operational efficiency, reduce coal consumption, and lower carbon emissions.
The project is currently in progress and is expected to be completed in the first quarter of 2026. B&W will execute the project through its Philippines Service Center, which serves customers throughout Southeast Asia.
Babcock & Wilcox (NYSE: BW) has secured up to $10 million in funding from the West Virginia Department of Economic Development for developing a BrightLoop™ hydrogen production and carbon capture facility in Mason County. The project, operated through subsidiary Mountaineer C2H, will utilize coal and biomass to produce low-carbon-emissions hydrogen.
The funding will be released in phases based on project milestones. The agreement requires B&W to complete the project by 2030 and create 28 full-time local jobs, plus additional construction-related positions. The facility will employ B&W's proprietary BrightLoop chemical looping technology, which uses iron-oxide TranspO2rt™ particles to produce hydrogen while capturing carbon emissions more efficiently and at a lower cost than other technologies.
Babcock & Wilcox (NYSE: BW) announced several key leadership changes effective January 1, 2025. CFO Lou Salamone will retire after serving since November 2018, transitioning to a one-year consulting role. Cameron Frymyer, a 20-year company veteran, will succeed as CFO. Chris Riker becomes COO, Jimmy Morgan is appointed CCO focusing on ClimateBright™ and BrightLoop™ technologies, and Gillianne Hetrick is named SVP of Corporate Operations. These appointments aim to streamline operations, reduce costs, and expand new technologies across B&W's Thermal, Renewable and Environmental segments.
Babcock & Wilcox (NYSE: BW) has received full notice to proceed on a $246 million contract for converting AES Indiana's Petersburg Generating Station from coal to natural gas. The project involves converting two coal-fired boilers at the 1,160-megawatt plant, with B&W Thermal designing and installing the new natural gas system and air systems. The company's subsidiaries BWCC and FPS will handle construction and supply burners, ignitors, and controls respectively. The project, which began engineering earlier this year, is scheduled for completion in Q1 2027.
Babcock & Wilcox (BW) reported Q3 2024 results with revenue of $209.9 million, down from $239.4 million in Q3 2023. The company posted a net loss of $11.1 million ($0.16 per share), improving from a $12.3 million loss in Q3 2023. Adjusted EBITDA increased to $22.3 million from $20.0 million year-over-year.
Notable developments include receiving approval for a $246 million natural gas conversion project in Indiana and completing asset sales totaling $116 million in 2024. The company reported YTD implied bookings of $810.5 million, a 27% increase, and implied backlog of $628.2 million, up 48% compared to 2023.
Babcock & Wilcox (NYSE: BW) has secured a contract to conduct a feasibility study for implementing its SolveBright™ carbon capture technology at Mälarenergi AB's waste-to-energy plant in Västerås, Sweden. The project aims to capture 400,000 tonnes of CO2 emissions annually and achieve carbon neutrality by 2035. The study will focus on integrating the SolveBright system with the plant's operations, managing heat utilization, and optimizing facility efficiency. The waste-to-energy plant currently provides 50% of Västerås' district heating, and this initiative aligns with Sweden's net-zero emissions goals.
Babcock & Wilcox (NYSE: BW) has completed the previously announced sale of its Italian subsidiary SPIG S.p.A. and Swedish unit Babcock & Wilcox Vølund AB (formerly Götaverken Miljö AB) to AUCTUS Capital Partners AG for approximately $40 million, subject to customary adjustments and expenses. The company, headquartered in Akron, Ohio, continues to operate as a leader in energy and environmental products and services for power and industrial markets worldwide.
Babcock & Wilcox (NYSE:BW) has scheduled its third quarter 2024 conference call and webcast for Tuesday, November 12, 2024, at 5 p.m. ET. CEO Kenneth Young and CFO Louis Salamone will discuss the company's Q3 2024 results, which will be released after market close on the same day. The conference call will be accessible via live audio broadcast on B&W's Investor Relations website. U.S. participants can dial (833) 470-1428, Canadian participants (833) 950-0062, and international participants (929) 526-1599, using conference ID 883496.
Babcock & Wilcox Enterprises, Inc. (NYSE: BW) has announced an agreement to sell its Italy-based SPIG S.p.A. group and Sweden-based Babcock & Wilcox Vølund AB to funds managed by AUCTUS Capital Partners AG for approximately $40 million, subject to adjustments and expenses. The deal is expected to close at the end of October, pending customary closing conditions.
This divestment aligns with B&W's strategy to reduce long-term debt, improve its balance sheet, and increase liquidity. The company plans to focus on its core portfolio of technologies, including Thermal, Renewable, and Environmental solutions, as well as new technologies like BrightLoop™ and ClimateBright™. B&W is also supporting U.S. customers with coal-to-natural-gas conversions to meet emissions reduction needs while maintaining reliable baseload energy generation.