Babcock & Wilcox Awarded Environmental Equipment Contracts for U.S. Industrial Facilities Totaling $11 Million

Babcock & Wilcox Enterprises, Inc. (B&W) (NYSE: BW) announced today that its B&W Environmental business segment has been awarded environmental equipment contracts totaling more than $11 million to supply two replacement wet electrostatic precipitators (ESPs) at two U.S. industrial facilities and rebuild a wet ESP for a third facility.

B&W’s wet ESPs are customizable for a broad range of utility and industrial applications, including the control of particulate emissions, organic fumes and sulfuric acid. B&W wet ESPs also can provide effective flue gas pretreatment for post-combustion carbon dioxide (CO2) capture systems to protect the downstream CO2 capture reagent from contamination. Configurations include shop-fabricated vertical flow tubular designs and field-erected horizontal flow designs, depending on size, location and customer preference.

“B&W’s advanced wet ESP technology has provided highly effective particulate emissions control for our utility and industrial customers for many decades,” said Alberto Galantini, Senior Vice President, B&W Environmental. “We are seeing increased interest in this technology as emissions requirements tighten worldwide, and for flue gas pre-treatment applications in CO2 capture processes as customers seek to reduce or eliminate their carbon emissions to combat climate change.”

“We’re proud of the role B&W’s technologies are playing in building a clean energy future for the U.S. and the world,” Galantini said.

In addition to designing and supplying some of the most versatile and advanced wet ESPs on the market, B&W provides engineered upgrades, components and services to allow customers’ equipment to continue to run efficiently and effectively.

About Babcock & Wilcox

Headquartered in Akron, Ohio, Babcock & Wilcox Enterprises, Inc. is a leader in energy and environmental products and services for power and industrial markets worldwide. Follow us on LinkedIn and learn more at babcock.com.

Forward-Looking Statements

B&W cautions that this release contains forward-looking statements, including, without limitation, statements relating to contracts to supply and rebuild environmental equipment for three U.S. industrial facilities. 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230926542471/en/

Investor Contact: Investor Relations Babcock & Wilcox 704.625.4944 [e-mail]

Media Contact: Ryan Cornell Public Relations Babcock & Wilcox 330.860.1345 [e-mail]