U.S. markets close in 1 hour 13 minutes
  • S&P 500

    4,198.23
    +75.76 (+1.84%)
     
  • Dow 30

    33,212.87
    +438.46 (+1.34%)
     
  • Nasdaq

    12,818.87
    +324.94 (+2.60%)
     
  • Russell 2000

    1,964.67
    +51.78 (+2.71%)
     
  • Crude Oil

    91.83
    +1.33 (+1.47%)
     
  • Gold

    1,806.60
    -5.70 (-0.31%)
     
  • Silver

    20.60
    +0.12 (+0.60%)
     
  • EUR/USD

    1.0315
    +0.0097 (+0.95%)
     
  • 10-Yr Bond

    2.7920
    -0.0050 (-0.18%)
     
  • GBP/USD

    1.2226
    +0.0150 (+1.24%)
     
  • USD/JPY

    132.9380
    -2.1780 (-1.61%)
     
  • BTC-USD

    23,729.75
    +685.35 (+2.97%)
     
  • CMC Crypto 200

    559.00
    +27.78 (+5.23%)
     
  • FTSE 100

    7,507.11
    +18.96 (+0.25%)
     
  • Nikkei 225

    27,819.33
    -180.63 (-0.65%)
     

B&W Renewable Receives Contract for $24 Million Waste-to-Energy Project in Europe

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
·2 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

AKRON, Ohio, December 07, 2021--(BUSINESS WIRE)--Babcock & Wilcox (B&W) (NYSE: BW) announced today that its B&W Renewable segment has received a $24 million contract for a new-build waste-to-energy project in Europe. B&W announced it had received a limited notice to proceed on the engineering portion of the contract in June 2021.

B&W Renewable will design and supply advanced technologies, including a waste-to-energy combustion system and DynaGrate® combustion grate, to process recovered solid waste to produce process steam and power while helping eliminate the use of coal as a fuel source. The facility will have two lines, each capable of processing 29 tons of waste per hour.

"By reducing reliance on coal for power generation, B&W Renewable’s waste-to-energy technology will help the facility’s operators reduce net carbon dioxide emissions while economically generating clean power," said B&W Chief Operating Officer Jimmy Morgan. "Our waste-to-energy technologies also are a powerful solution for combating the potent greenhouse gas methane, which is generated by decomposing waste in landfills."

"We see tremendous interest in our waste-to-energy solutions from customers throughout the world who are interested in reducing emissions and generating clean energy, and we are actively pursuing opportunities in this market," Morgan said.

B&W Renewable’s DynaGrate provides excellent performance with low maintenance costs, thanks to a unique, patented combustion grate design. DynaGrate technology can meet the exacting demands of waste-fired plants, which require a high level of accessibility, fuel flexibility, and energy recovery, under environmentally sound conditions.

About Babcock & Wilcox

Headquartered in Akron, Ohio, Babcock & Wilcox Enterprises is a leader in energy and environmental products and services for power and industrial markets worldwide. Follow us on LinkedIn and learn more at babcock.com.

About B&W Renewable

Babcock & Wilcox Renewable offers cost-effective technologies for efficient and environmentally sustainable power and heat generation, including waste-to-energy, biomass energy and black liquor systems for the pulp and paper industry. B&W Renewable’s leading technologies support a circular economy, diverting waste from landfills to use for power generation and replacing fossil fuels, while recovering metals and reducing emissions.

Forward-Looking Statements

B&W cautions that this release contains forward-looking statements, including, without limitation, statements relating to the receipt of a contract for a waste-to-energy project at an industrial facility in Europe and its outlook on and intention to pursue additional opportunities in the European market. These forward-looking statements are based on management’s current expectations and involve a number of risks and uncertainties. For a more complete discussion of these risk factors, see our filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K. If one or more of these risks or other risks materialize, actual results may vary materially from those expressed. We caution readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release, and we undertake no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211207005596/en/

Contacts

Investor Contact:
Megan Wilson
Vice President, Corporate Development & Investor Relations
Babcock & Wilcox
330-860-6802 | 704.625.4944
investors@babcock.com

Media Contact:
Ryan Cornell
Public Relations
Babcock & Wilcox
330.860.1345
rscornell@babcock.com