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B&W Thermal Awarded Contracts Totaling More Than $15 Million for Emissions and Performance Upgrades at Taiwan Power Company Plant

AKRON, Ohio--(BUSINESS WIRE)--$BW--Babcock & Wilcox (B&W) (NYSE: BW) announced that its B&W Thermal segment will design and supply industry leading low-NOx combustion technology and an innovative pulverizer system upgrade for Taiwan Power Company�s Taichung Power Plant in Longjing District, Taichung, Taiwan. The contracts total more than $15 million.

Four of the plant�s boilers were supplied by B&W in the 1990s. B&W Thermal will upgrade the combustion system for one unit, providing its custom-engineered AireJet low-NOx burners. B&W Thermal�s AireJet burners offer significantly reduced nitrogen oxides levels compared to other low-NOx combustion technology, burning cleaner, with high boiler efficiency and improved plant heat rate. B&W Thermal will also convert the existing pulverizer systems on two units from B&W-89 to B&W-92 pulverizers to provide additional fuel grinding capability and efficiency, and will also provide DSVS rotating classifiers and associated equipment as part of these pulverizer system upgrades.

�B&W Thermal has a long and strong relationship with Taiwan Power Company and is pleased to provide this customer with our latest offering in low-NOx burner technology � the AireJet burner, which offers a proven solution to lower emissions and improve plant efficiency,� said Jimmy Morgan, B&W Chief Operating Officer. �As the original equipment provider for these units nearly three decades ago, we�re looking forward to bringing new technology solutions to this plant, and to helping our customer continue to generate reliable and affordable power, while also reducing emissions.�

Engineering is underway at B&W�s Akron, Ohio, headquarters, and equipment delivery is scheduled for spring 2021.

About B&W

Headquartered in Akron, Ohio, Babcock & Wilcox Enterprises, Inc., is a global leader in energy and environmental technologies and services for the power and industrial markets. Follow us on Twitter @BabcockWilcox and learn more at www.babcock.com.

About B&W Thermal

Babcock & Wilcox Thermal offers a broad portfolio of steam generation equipment, aftermarket parts, construction, maintenance and field services for plants in the power generation, oil and gas, and industrial sectors. B&W has an extensive global base of installed equipment for utilities and general industrial applications including refining, petrochemical, food processing, metals and others.

Forward-Looking Statements

B&W cautions that this release contains forward-looking statements, including, without limitation, statements relating to the design and supply of low-NOx combustion technology and a pulverizer system upgrade for Taiwan Power Company�s Taichung Power Plant in Longjing District, Taichung, Taiwan. 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]

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