Babcock & Wilcox Bags $58M Contract To Supply Waste-To-Energy Technology For Power Plant In Europe

November 17, 2021 12:50 PM | 1 min read | Make a Comment

Babcock & Wilcox Enterprises Inc BW Renewable segment has secured a contract for ~$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.
B&W Renewable technologies will help the plant operator divert 435,000 tons of non-recyclable waste from landfills, reducing methane emissions and providing renewable energy for the equivalent of 95,000 homes.
The company noted that its DynaGrate combustion grate is suited for waste-to-energy applications and features fuel flexibility, energy recovery, and combustion efficiency.
Price Action: BW shares are trading higher by 3.56% at $10.17 on the last check Wednesday.

Posted In: News Contracts Small Cap Movers Trading Ideas Briefs

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.