Decarbonization for a Net Zero Future

The world wants action. More than 100 countries have committed to a carbon net-zero goal by the middle of this century. Nearly half of those years have passed, so we cannot rest. 

Earning more than 90 patents for carbon capture over the past four decades, Babcock & Wilcox has been a leader in decarbonization research and development. Our revolutionary ClimateBright™ decarbonization technologies can effectively separate CO2 while producing hydrogen, steam and/or syngas – and have application for a range of industries including energy production, food manufacturing, steel, cement, oil and gas, pharmaceutical, petrochemical, carbon black, and pulp and paper. Let's CO2llaborate 2 Decarbonize.

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B&W Renewable

Clean Energy for Generations

B&W RENEWABLE

For our economy and future generations, learn more about how B&W continues to grow ecologically sound ways of recycling valuable resources to create clean, renewable energy. Together we can turn trash into treasure for communities around the planet.

Environmental Sustainability

B&W ENVIRONMENTAL

Our environmental technologies are engineered and proven to help preserve our earth’s natural resources. These include carbon capture, cooling systems, ash handling, and state-of-the-art equipment for reducing particulate, mercury, nitrogen oxides, sulfur dioxides, acid gas and other emissions.

Safer, Smarter Operations

B&W THERMAL 

We never stop working to be the premier trusted provider of the world’s most efficient steam generation equipment, aftermarket parts, construction, maintenance and field services for plants in the power generation, oil and gas, and industrial sectors.

NYSE: BW

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When Stephen Wilcox first avowed “there must be a better way” to safely generate power, he and George Babcock responded with the design for the first inherently safe water-tube boiler, and the company was born.

We are Babcock & Wilcox (B&W) -- a company founded in 1867 by two friends with an unwavering commitment to reliable and effective innovation. 

 

NEWS & UPDATES

Babcock & Wilcox Enterprises Announces Agreement to Exchange $73 Million of Secured Term Debt for Preferred Stock

  • Exchange to significantly further reduce the Company’s secured debt and net leverage
  • Company has reduced total secured debt by over $347 million in 2021
  • Strongly positions Company to grow in all segments, including recently launched ClimateBright technologies 

(AKRON, Ohio – June 3, 2021) – Babcock & Wilcox Enterprises, Inc. ("B&W" or the "Company") (NYSE: BW) announced that on June 1, 2021 it entered into an agreement (the “Exchange Agreement”) with B. Riley Financial, Inc. (together with its affiliates, “B. Riley”) pursuant to which the Company (i) issued B. Riley 2,916,880 shares of the Company’s 7.75% Series A Cumulative Perpetual Preferred Stock, par value $0.01 per share and with a liquidation preference of $25.00 per share (the “Preferred Stock”), representing an exchange price of $25.00 per share plus accrued and unpaid dividends from May 7, 2021, and (ii) paid $850,171 in cash to B. Riley for accrued interest due, in exchange for a deemed prepayment of $73,330,152 of the Company’s existing term loans with B. Riley under the Company’s Amended and Restated Credit Agreement (the “Exchange”).

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Babcock & Wilcox Announces ClimateBright Decarbonization Technologies Platform to Reduce Global Greenhouse Gas Emissions

  • Proven Technology Captures CO2 While Producing Hydrogen
  • Application for Wide Range of Industries

(AKRON, Ohio – May 25, 2021) – Babcock & Wilcox ("B&W") (NYSE: BW), a leading innovator in clean energy technologies, announces its ClimateBright™ suite of revolutionary decarbonization technologies designed to help utilities and industry aggressively combat greenhouse gas emissions and climate change. ClimateBright™ technologies further strengthen B&W’s commitment to clean energy progress and to helping customers worldwide address the most significant environmental challenge in industrial processes and energy generation.

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Babcock & Wilcox Enterprises to Present at Jefferies Renewable Energy Conference on May 25, 2021

(AKRON, Ohio, May 19, 2021) — Babcock & Wilcox Enterprises, Inc. ("B&W") (NYSE: BW) has been invited to present at Jefferies Renewable Energy Conference, which is being held virtually on May 25-27, 2021.

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Babcock & Wilcox Enterprises Reports First Quarter 2021 Results 

Q1 2021 Highlights:

  • Revenues of $168.2 million, a 13.3% improvement compared to first quarter 2020
  • Net loss of $15.5 million, compared to net loss of $31.5 million in first quarter 2020
  • Loss per share of $0.22, compared to loss per share of $0.68 in first quarter 2020
  • Consolidated adjusted EBITDA of $8.5 million, compared to $1.0 million in first quarter 2020
  • Positive adjusted EBITDA reported by all segments
  • Strong bookings of $169 million
  • Reduced minimum required pension funding contributions by $26 million, in addition to the $107 million reduction previously disclosed

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Babcock & Wilcox Enterprises Announces Closing of $100 Million Offering of Series A Cumulative Perpetual Preferred Stock

(AKRON, Ohio) - Babcock & Wilcox Enterprises, Inc. ("B&W" or the "Company") (NYSE: BW) announced that on May 7, 2021 it closed an underwritten registered public offering of 4,000,000 shares of its 7.75% Series A Cumulative Perpetual Preferred Stock, par value $0.01 per share with a liquidation preference of $25.00 per share (the “Preferred Stock”), at an offering price of $25.00, for gross proceeds of approximately $100 million before deducting underwriting discounts and commissions and estimated offering expenses payable by the Company.

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Babcock & Wilcox Continues Growth in Asia and Europe With More Than $24 Million in Global Parts & Service Orders

(AKRON, Ohio – March 31, 2021) – Babcock & Wilcox (B&W) (NYSE: BW) announced today that its B&W Renewable, Environmental and Thermal segments are continuing their strategic growth into key regions and have been awarded parts and service contracts totaling more than $24 million from customers in Asia, the Middle East, Europe and other key international markets outside of the United States.

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HEALTH & SAFETY

Target Zero Safety

Stop Work Authority and Zero Incident Planning

Employees subcontractors, vendors and customers work together to practice and promote proper work habits, develop positive attitudes, use good judgment and finish each and every day injury-and-incident free. 

Aggressive safety management techniques such as improved hazard recognition, hazard correction, and employee involvement help reduce occupational injuries and illnesses as well as the probability of negative safety impacts. We promote Target Zero as a corporate-wide process that helps us ensure a safe work environment for all.

TARGET ZERO

Essential Business Operations

COVID-19: Prioritizing Health, Safety and Business Continuity

We're committed to the health and safety of our employees and their families, as well as our customers, vendors and other stakeholders, and the communities where we have operations. 

We understand our customers’ need to minimize further disturbances in their operations during these challenging times. B&W continues to closely monitor the COVID-19 pandemic and is implementing the steps below as we work to provide our customers with the service and support needed to ensure reliable operation of their plants. 

OUR COMMITMENT