Babcock & Wilcox Enterprises I Stock Price, News & Analysis

Babcock & Wilcox (NYSE: BW) announced contracts worth over $20 million from Summit Ridge Energy for engineering, procurement, and construction services on seven community solar projects in Illinois. These solar farms will generate approximately 20 megawatts of power for Northern and Central Illinois. The projects are scheduled for completion in Q1 2023, addressing the rising demand for clean energy in the U.S. B&W aims to leverage its extensive experience in solar installations to meet the growing need for reliable, zero-emission power.

Babcock & Wilcox Enterprises (NYSE:BW) will present at the Jefferies Industrials Conference in New York City on August 9, 2022. The management presentation is scheduled for 1:30 p.m. to 1:55 p.m. Eastern Time. One-on-one meetings will take place throughout the conference. Interested parties can contact Jefferies representatives for more information or to schedule a meeting. B&W, based in Akron, Ohio, is a leader in energy and environmental technologies for the power and industrial sectors.

Babcock & Wilcox (NYSE: BW) has secured an $18 million contract from a power plant in Africa to upgrade 24 electrostatic precipitators (ESPs) aimed at significantly reducing particulate emissions. The company will provide design, engineering, and manufacturing support, along with technical assistance during construction and commissioning. B&W's ongoing expansion in the Middle East and Africa regions aligns with the global transition to cleaner energy solutions. The firm emphasizes its capabilities in advanced environmental technologies.

Babcock & Wilcox (BW) has signed a teaming agreement with Newpoint Gas to provide advanced hydrogen generation and decarbonization technologies for the redevelopment of the former U.S. Department of Energy Portsmouth Gaseous Diffusion Plant site in Piketon, Ohio. The $1.51 billion h2TEAM project aims to produce clean hydrogen and capture carbon dioxide emissions, creating a closed-loop manufacturing facility. B&W's BrightLoop and BrightGen technologies will play a pivotal role in achieving near-zero emissions energy solutions and bolstering economic growth in the region.

Babcock & Wilcox Enterprises, Inc. (NYSE:BW) will host a conference call and webcast discussing its second quarter 2022 results on August 8, 2022, at 5 p.m. ET. The call will be led by Chairman and CEO Kenneth Young, and CFO Louis Salamone, followed by a news release detailing the results after market close. Participants can join via a dial-in system or listen online through B&W’s Investor Relations site. A replay will be available for a limited time. The company is headquartered in Akron, Ohio, and specializes in energy and environmental technologies.

Babcock & Wilcox (NYSE: BW) announced contracts exceeding $12 million for two utility-scale solar panel projects with a combined capacity of 144 megawatts in the Midwest U.S. These projects aim to produce zero-carbon power for over 20,000 homes and businesses. B&W's Executive VP, Jimmy Morgan, expressed optimism about the growing demand for clean energy solutions and the North American solar market. The projects are scheduled for completion in Q4 2022, signaling B&W's commitment to the clean energy revolution and its renewable energy solutions.

Babcock & Wilcox (BW) announced a contract exceeding $15 million for its newly acquired subsidiary, B&W Renewable Service A/S, to design and install a 48-megawatt biomass-fired boiler in Europe. This project marks B&W’s first bubbling fluidized bed (BFB) boiler installation in the region, aimed at providing district heating to thousands of customers while reducing emissions. The plant is expected to be operational by the second quarter of 2023, reflecting the growing demand for biomass energy solutions in the European market.

Babcock & Wilcox (NYSE: BW) has secured a contract exceeding $5 million to design and supply SPIG^® cooling towers for a pulp mill in South America. The contract includes 18 cooling cells across three towers, aimed at enhancing efficiency and reducing water use. The company highlights the growing demand for its technologies in the South American pulp and paper market. Their specialized solutions cater to various operational needs, focusing on environmental sustainability and efficiency.