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Babcock & Wilcox Announces Conclusion of Previously-Disclosed SEC Investigation

October 25, 2021

On October 20, 2021, Babcock & Wilcox Enterprises, Inc. received a letter from the staff of the Division of Enforcement of the Atlanta Regional office of the U.S. Securities and Exchange Commission confirming that the staff has concluded its investigation of the Company that the Company has previously disclosed in its SEC filings and that it does not intend to recommend to the Commission that an enforcement action be brought against the Company.
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B&W Renewable Signs Agreement to Jointly Develop Innovative Biomass-to-Hydrogen Clean Energy Project in Australia Using BrightLoop™ Technology

October 18, 2021

Babcock & Wilcox announced today that its B&W Renewable segment has entered into an agreement with Port Anthony Renewables Limited to jointly develop a biomass-to-hydrogen clean energy project in Port Anthony, Victoria, Australia utilizing B&W’s BrightLoop™ technology. When completed, the plant is expected to be part of the largest green hydrogen hub in southeastern Australia.
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Babcock & Wilcox Asia-Pacific Business Growth Continues with $7 Million Southeast Asia Thermal Equipment and Service Order

October 14, 2021

Babcock & Wilcox announced today that its B&W Thermal segment has received an order for approximately $7 million to provide equipment and services for a utility customer in Southeast Asia.
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Diamond Power Finland Oy to Supply Sootblowers for Bioproduct Mill

October 12, 2021

Babcock & Wilcox subsidiary Diamond Power Finland Oy has been selected to supply sootblowers to Metsä Fibre’s new bioproduct mill in Kemi, Finland. The mill’s recovery boiler will be equipped with a fully retractable sootblower, and a rake-sootblower will be supplied for the mill’s flue gas cooling system.
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B&W Environmental Awarded $10 Million Contract to Install Technologies to Help Customer Meet Environmental Compliance Requirements

October 7, 2021

Babcock & Wilcox announced today that its B&W Environmental segment has been awarded a contract for approximately $10 million to install ash-handling equipment that will support its customer’s environmental compliance requirements. The installation work will be performed by Babcock & Wilcox Construction Co., LLC.
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B&W Completes Acquisition of Majority Stake in Fosler Construction; Will Operate as Fosler Solar, a Babcock & Wilcox Company

October 5, 2021

Babcock & Wilcox Enterprises, Inc. announced today that it has completed its acquisition of a majority interest in Illinois-based solar energy contractor Fosler Construction Company Inc. Fosler will be part of the B&W Renewable segment and operate under the name Fosler Solar, a Babcock & Wilcox company.
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Babcock & Wilcox Renewable Receives $38 Million Technology Award for New Waste-to-Energy Facilities in East Asia

September 30, 2021

Babcock & Wilcox announced today that its B&W Renewable segment has received an award for more than $38 million to supply waste-to-energy technologies for municipal waste projects in East Asia.
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Unlocking Hidden Combustion Properties of Waste Streams

September 29, 2021

Fluidized bed combustion technology offers the potential to use a wide range of carbon-neutral biomass sources, as well as municipal and industrial waste to produce steam for processes and electrical power. However, biomass and waste fuels are not all created equal. Read more by B&W’s Jim DeSellem as featured in Biofuels Digest.
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Babcock & Wilcox to Accelerate Growth in Clean Energy with Acquisition of Renewable Services Firm, VODA A/S; Will Form B&W Renewable Service Unit

September 28, 2021

Babcock & Wilcox Enterprises, Inc. announced today that it has signed a definitive agreement to acquire VODA A/S, a leading multi-brand aftermarket parts and service provider for the waste-to-energy and biomass-to-energy markets based in Vejen, Denmark.
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Babcock & Wilcox Renewable Awarded $35 Million Contract to Supply Waste-to-Energy Technologies for Facilities in Greenland

September 27, 2021

B&W's Renewable segment has been awarded a contract for more than $35 million by Greenland’s national waste management company, ESANI A/S, to supply and install advanced combustion, emissions control and related equipment for its new municipal waste-to-energy facilities.
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Babcock & Wilcox Enterprises to Present at D.A. Davidson’s 20th Annual Diversified Industrials & Services Conference on September 22, 2021

September 16, 2021

Babcock & Wilcox Enterprises, Inc. has been invited to present at D.A. Davidson’s 20th Annual Diversified Industrials & Services Conference, which is being held virtually on September 22-23, 2021.
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Babcock & Wilcox Renewable to Expand into Solar Energy through Acquisition of Majority Ownership Interest in Leading Solar Installation Firm Fosler Construction

September 15, 2021

Babcock & Wilcox Enterprises, Inc. announced today that it has signed a definitive agreement to acquire a majority ownership stake in Illinois-based solar energy contractor Fosler Construction Company Inc. (“Fosler Construction”), significantly enhancing its capabilities in solar energy.
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