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Babcock & Wilcox News
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Babcock & Wilcox Acquires FPS
February 2, 2022
Babcock & Wilcox Enterprises, Inc. announced that it has acquired Fossil Power Systems, Inc. (“FPS”), a leading designer and manufacturer of hydrogen, natural gas and renewable pulp and paper combustion equipment including ignitors, plant controls and safety systems based in Dartmouth, Nova Scotia, Canada.
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B&W Thermal Awarded $6 Million Contract to Provide Advanced Technology for Gas Conversion of Middle East Chemical Plant
January 27, 2022
Babcock & Wilcox announced today that its B&W Thermal segment has been awarded a contract for more than $6 million to provide advanced technologies to convert a Middle East chemical plant’s six boilers from oil to cleaner, lower-emission fuel.
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Babcock & Wilcox Renewable Awarded $11 Million Contract to Provide Technologies for Biomass Boiler Upgrade
January 25, 2022
Babcock & Wilcox announced today that its B&W Renewable segment has been awarded a contract for more than $11 million to design, manufacture, supply, and install boiler equipment for a biomass boiler in Canada.
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B&W Thermal Awarded Equipment Installation Contracts with Large U.S. Utility Totaling More Than $18 Million
January 11, 2022
Babcock & Wilcox announced today that its B&W Thermal segment has been awarded contracts totaling more than $18 million to install equipment to improve the operating efficiency, performance, and increase availability for two power plants for a large U.S. utility. B&W’s subsidiary, Babcock & Wilcox Construction Co., LLC (BWCC), will install waterwall panels, reheater tubes, and other technologies.
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Babcock & Wilcox and Applied Blockchain, Inc. Sign Cooperation Agreement to Develop Energy Projects for Cryptocurrency Mining
December 16, 2021
Babcock & Wilcox announced today that it has signed a cooperation agreement with Dallas-based Applied Blockchain, Inc. (Applied Blockchain) (PINK: APLD) to identify and explore opportunities to develop, supply, construct and operate baseload power and clean energy projects in the next three years to support cryptocurrency mining operations.
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Babcock & Wilcox Enterprises Announces Closing of $140 Million Offering of Senior Notes Due 2026
December 14, 2021
Babcock & Wilcox Enterprises, Inc. announced that on December 13, 2021 it closed an underwritten public offering of $140 million aggregate principal amount of 6.50% senior notes due 2026 (the “Senior Notes”). Gross proceeds are exclusive of underwriting discounts and commissions and estimated offering expenses payable by the Company.
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Babcock & Wilcox and its Fosler Solar Subsidiary Welcome Secretary of Energy Granholm for Tour of “Illinois Solar for All” Project
December 9, 2021
Babcock & Wilcox and Fosler Solar, a Babcock & Wilcox company, welcomed U.S. Department of Energy Secretary Jennifer Granholm today for a tour of the company’s Gar Creek solar project in Kankakee, Ill., which is part of the Illinois Solar for All program.
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Babcock & Wilcox Enterprises Announces Pricing of $140 Million Offering of Senior Notes Due 2026
December 9, 2021
Babcock & Wilcox Enterprises, Inc. announced that on December 8, 2021 it priced an underwritten public offering of $140 million aggregate principal amount of 6.50% senior notes due 2026 (the “Senior Notes”). B&W has granted the underwriters a 30-day option to purchase up to an additional $21 million aggregate principal amount of Senior Notes in connection with the offering. The offering is expected to close on December 13, 2021, subject to the satisfaction of customary closing conditions.
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B&W Renewable Receives Contract for $24 Million Waste-to-Energy Project in Europe
December 7, 2021
Babcock & Wilcox 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.
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Babcock & Wilcox Enterprises Announces Proposed Public Offering of $125 Million of Senior Notes Due 2026
December 6, 2021
Babcock & Wilcox Enterprises announced the commencement of an underwritten registered public offering of $125 million aggregate principal amount of senior notes due 2026.
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Babcock & Wilcox Completes Acquisition of Renewable Parts and Service Firm, VODA A/S
November 30, 2021
Babcock & Wilcox Enterprises, Inc. announced today that it has completed its previously announced acquisition of VODA A/S, a leading multi-brand aftermarket parts and service provider for energy plants in Scandinavia. The combined VODA A/S and B&W service business will be part of the company’s B&W Renewable segment, creating a platform for growth in renewable service in Europe.
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Babcock & Wilcox Renewable Awarded $58 Million Contract to Supply Advanced Waste-to-Energy Technology for Power Plant in Europe
November 17, 2021
Babcock & Wilcox announced today that its B&W Renewable segment has been awarded a contract for approximately $58 million to design and supply an advanced waste-to-energy boiler, combustion grate and other equipment for a waste-to-energy power plant in Europe.
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