Babcock & Wilcox News

(PARUZZARO, Italy – June 4, 2020) –SPIG S.p.A. (SPIG), a subsidiary of Babcock & Wilcox Enterprises, Inc.(“B&W”), has been awarded a contract by SUEZ RV Energie to upgrade an air-cooled condenser for its waste-to-energy plant at the FENIIX site in Rambervillers, France.

FENIIX is the energy recovery plant for household waste collected by EVODIA, the departmental joint union that manages all household waste in the Vosges department.

SPIG previously completed a similar project for SUEZ’s Sita Lyon Plant, France, as well as service projects for wet and dry cooling equipment in SUEZ Plants in Wilton, Severnside and Cornwall in the U.K.

“This contract demonstrates how B&W is leveraging its broad expertise to grow its business worldwide, particularly in the renewable energy and waste-to-energy markets,” said SPIG Managing Director Alberto Galantini. “SPIG’s dry cooling expertise provides added value to many plants, including waste management plants across Europe.”

“SPIG offers an extensive range of retrofit and upgrade solutions that can be applied to different types of systems and designs,” Galantini added. “We appreciate our ongoing relationship with SUEZ and thank them for the opportunity to work on the retrofit of the two cells of their ACC at the FENIIX site in Rambervillers.”

All materials are scheduled to be delivered and erected in the first half of 2021.

FENIIX uses municipal waste to generate electricity and steam for the Rambervillers District Heating Network and in the future also will supply steam heat for industrial processes.

SPIG’s experience includes dry, wet and wet/dry hybrid cooling solutions as dictated by site-specific requirements. The company’s cooling systems and designs can be tailored for a wide range of project specifications such as high seismic loads, vibration control, corrosion, noise control, sub-freezing operation, and seawater use.

About SPIG
SPIG, S.p.A is a subsidiary of Babcock & Wilcox Enterprises, Inc. and a global turnkey cooling systems supplier. Since 1936, SPIG has provided customers with an extensive range of high quality cooling towers, air-cooled condensers and related services.

Forward-Looking Statements

B&W cautions that this release contains forward-looking statements, including, without limitation, statements relating to the execution and completion of SPIG’s contract to upgrade an air-cooled condenser at a customer plant in France. 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.”

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