Babcock & Wilcox Bags More Than $20M Worth Of Contracts

  • Babcock & Wilcox Enterprises Inc's BW newly acquired Denmark-based B&W Renewable Service A/S subsidiary has secured a contract for more than $15 million to design and install a biomass-fired boiler and other combustion equipment for a green energy project in Europe.
  • The 48-megawatt boiler is the first B&W-designed bubbling fluidized bed (BFB) boiler to be installed in Europe by B&W Renewable Service.
  • B&W will also supply the boiler's external economizer, valves, instrumentation, and related equipment. The plant is scheduled to be operational in the second quarter of 2023.
  • Separately, B&W Environmental segment has bagged a contract for more than $5 million to design and supply highly efficient SPIG cooling towers for a pulp mill in South America.
  • B&W Environmental will provide a total of 18 cooling cells for three towers.
  • Price Action: BW shares are trading higher by 3.49% at $6.09 on the last check Thursday.
Market News and Data brought to you by Benzinga APIs
Posted In: NewsContractsSmall CapBriefs
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.

Join Now: Free!