AKRON, Ohio--(BUSINESS WIRE)--$BW #cleanenergy--Babcock & Wilcox (B&W) (NYSE: BW) announced today that it has entered into two contracts to design and supply advanced technologies to achieve reduced emissions and generate cleaner energy at a power plant in Asia. The total value of the contracts is more than $11 million.
B&W will upgrade the plant�s existing combustion equipment, supplying a B&W AireJet�low-NOx (nitrogen oxides) combustion system and other equipment to improve the unit�s emissions and efficiency.
�As we continue to expand our business in the Asia-Pacific region, as well as other regions globally, we�re seeing an increasing number of significant opportunities to help customers reduce emissions from thermal plants,� said B&W Chief Operating Officer Jimmy Morgan. �The emphasis on clean energy technologies is global and growing, and customers in Asia and elsewhere are moving quickly to protect the environment as they generate energy efficiently and economically.�
As part of B&W�s strategy to expand its international presence, it established its Asia-Pacific regional headquarters, located in Perth, Australia, in 2020 to pursue opportunities in Asia. This expansion will enable B&W to deliver its ClimateBrightTM technology platform and grow its B&W Environmental, B&W Renewable and B&W Thermal businesses to meet the demand for clean energy, decarbonization, renewable waste-to-energy, biomass and environmental technologies, as well as services for utility and industrial customers.
About Babcock & Wilcox
Headquartered in Akron, Ohio, Babcock & Wilcox is a global leader in energy and environmental technologies and services for the power and industrial markets. Follow us on LinkedIn and learn more at www.babcock.com.
Forward-Looking Statements
B&W cautions that this release contains forward-looking statements, including, without limitation, statements relating to the execution and completion of contracts to design and supply environmental equipment for a power plant in Asia. These forward-looking statements are based on management�s current expectations and involve a number of risks and uncertainties. For a more complete discussion of these risk factors, see our filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K. If one or more of these risks or other risks materialize, actual results may vary materially from those expressed. We caution readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release, and we undertake no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.
Contacts
Investor Contact:
Megan Wilson
Vice President, Corporate Development & Investor Relations
Babcock & Wilcox
704.625.4944 | [email protected]
Media Contact:
Ryan Cornell
Public Relations
Babcock & Wilcox
330.860.1345 | [email protected]
