(AKRON, Ohio – April 30, 2020) – Babcock & Wilcox Vølund A/S (Vølund), a subsidiary of Babcock & Wilcox Enterprises, Inc. (B&W) (NYSE: BW), has been awarded a multi-year service contract for two U.K. waste-to-energy plants owned by Viridor, and a plant upgrade service contract for Frederikshavn Forsyning A/S’s combined heat and power waste-to-energy plant in Frederikshavn, Denmark. The combined value of the contracts is more than $4 million.

- Project is fifth European engineer-procure-construct (EPC) loss project company has completed and turned over to customers in recent months- Vølund to provide operations and maintenance services under 15-year contract

(BARBERTON, Ohio – April 11, 2019) – Babcock & Wilcox Enterprises, Inc. ("B&W") (NYSE: BW) announced today its subsidiary, Babcock & Wilcox Vølund A/S (Vølund), has successfully turned over a waste-fired boiler for a combined heat and power plant to its customer, Bodens Energi AB (BEAB), a municipally owned producer of electricity and heat in Boden, Sweden.

- Company now positioned to return to profitability by unlocking the value of its core businesses - Agreement provides a $150 million term loan and additional $15 million incremental facility - Settlements significantly reduce and limit risks and obligations on European Vølund loss contracts - Investor call and webcast set for April 8, 2019

- B&W Vølund commences plant operations and maintenance under long-term contract