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Babcock & Wilcox News
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Babcock & Wilcox BrightGen Hydrogen Combustion Technology Provides Zero-Carbon Energy Generation
July 20, 2021
B&W, a leading innovator in technologies to combat climate change, is providing its BrightGen™ technology to customers seeking a powerful hydrogen combustion solution for utility and industrial applications where efficient, zero-carbon dioxide (CO2)-emissions energy generation is a goal.
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Babcock & Wilcox, NREL Sign Exclusive IP Option Agreement for Advanced, Renewable Energy Storage Technology
July 12, 2021
Technology will provide up to 100 hours of long-term energy storage for up to 135 megawatts of power generation (AKRON, Ohio – July 12, 2021) – Babcock & Wilcox ("B&W") (NYSE: BW) and the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) have signed an Intellectual Property Option Agreement that gives B&W field-limited exclusive rights to negotiate a licensing agreement that would allow it to market an advanced, particle-based thermal energy storage technology currently in development.
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Babcock & Wilcox Enterprises Announces Four-Year Senior Financing Facility
July 7, 2021
Establishes new revolving credit facility and letter of credit availability to support the Company’s working capital needs, multi-year projects and growth initiatives Replaces the Company’s prior Credit Agreement one year before its June 2022 refinancing requirement (AKRON, Ohio – July 7, 2021) – Babcock & Wilcox Enterprises, Inc. ("B&W" or the "Company") (NYSE: BW) announced that on June 30, 2021, it entered into agreements (the “Financing Agreements”) with PNC Bank, N.A. (“PNC”) and an affiliate of MSD Partners, L.P. (“MSD Partners”) under which PNC has provided an up to ...
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Babcock & Wilcox Assists Amager Resource Center’s Application to E.U. to Fund Innovative Carbon Capture Project in Denmark
July 1, 2021
B&W Environmental announced today that it will support Amager Resource Center’s (ARC) application for more than €120 million ($140 million USD) in European Union funding to build an advanced carbon dioxide (CO2) capture facility.
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B&W SolveBright™ Technology Designed to Deliver Economical and Efficient CO2 Capture Across Range of Industries
June 30, 2021
B&W, a leading innovator in clean energy technologies, is ready to provide its SolveBright™ post-combustion regenerable solvent based solution to help customers reduce carbon dioxide emissions from industrial and utility plants and other facilities.
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B&W Renewable Receives Limited Notice to Proceed for Engineering Portion of $24 Million Waste-to-Energy Project in Europe
June 22, 2021
(AKRON, Ohio – June 22, 2021) – Babcock & Wilcox (B&W) (NYSE: BW) announced today that its B&W Renewable segment has received a limited notice to proceed for a new-build waste-to-energy project in Europe as it finalizes terms for a $24 million contract with its customer. B&W Renewable anticipates a full notice to proceed later this year.
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Babcock & Wilcox Enterprises Announces Agreement to Exchange $73 Million of Secured Term Debt for Preferred Stock
June 3, 2021
Exchange to significantly further reduce the Company’s secured debt and net leverage Company has reduced total secured debt by over $347 million in 2021 Strongly positions Company to grow in all segments, including recently launched ClimateBright™ technologies (AKRON, Ohio – June 3, 2021) – Babcock & Wilcox Enterprises, Inc. ("B&W" or the "Company") (NYSE: BW) announced that on June 1, 2021 it entered into an agreement (the “Exchange Agreement”) with B. Riley Financial, Inc. (together with its affiliates, “B. Riley”) pursuant to which the Company (i) issued B. Riley 2,916,880 s...
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Babcock & Wilcox Announces ClimateBright™ Decarbonization Technologies Platform to Reduce Global Greenhouse Gas Emissions
May 25, 2021
Proven Technology Captures CO2 While Producing Hydrogen
Application for Wide Range of Industries (AKRON, Ohio – May 25, 2021) – Babcock & Wilcox ("B&W") (NYSE: BW), a leading innovator in clean energy technologies, announces its ClimateBright™ suite of revolutionary decarbonization technologies designed to help utilities and industry aggressively combat greenhouse gas emissions and climate change. ClimateBright™ technologies further strengthen B&W’s commitment to clean energy progress and to helping customers worldwide address the most significant environmental challenge in industria...
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Application for Wide Range of Industries (AKRON, Ohio – May 25, 2021) – Babcock & Wilcox ("B&W") (NYSE: BW), a leading innovator in clean energy technologies, announces its ClimateBright™ suite of revolutionary decarbonization technologies designed to help utilities and industry aggressively combat greenhouse gas emissions and climate change. ClimateBright™ technologies further strengthen B&W’s commitment to clean energy progress and to helping customers worldwide address the most significant environmental challenge in industria...
Babcock & Wilcox Enterprises to Present at Jefferies Renewable Energy Conference on May 25, 2021
May 19, 2021
(AKRON, Ohio, May 19, 2021) — Babcock & Wilcox Enterprises, Inc. ("B&W") (NYSE: BW) has been invited to present at Jefferies Renewable Energy Conference, which is being held virtually on May 25-27, 2021.
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Babcock & Wilcox Enterprises Reports First Quarter 2021 Results
May 13, 2021
Q1 2021 Highlights: Revenues of $168.2 million, a 13.3% improvement compared to first quarter 2020 Net loss of $15.5 million, compared to net loss of $31.5 million in first quarter 2020 Loss per share of $0.22, compared to loss per share of $0.68 in first quarter 2020 Consolidated adjusted EBITDA of $8.5 million, compared to $1.0 million in first quarter 2020 Positive adjusted EBITDA reported by all segments Strong bookings of $169 million Reduced minimum required pension funding contributions by $26 million, in addition to the $107 million reduction previously disclosed (AKRON, Ohio – May ...
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Babcock & Wilcox Enterprises Announces Closing of $100 Million Offering of Series A Cumulative Perpetual Preferred Stock
May 10, 2021
AKRON, Ohio--(BUSINESS WIRE)-- Babcock & Wilcox Enterprises, Inc. ("B&W" or the "Company") (NYSE: BW) announced that on May 7, 2021 it closed an underwritten registered public offering of 4,000,000 shares of its 7.75% Series A Cumulative Perpetual Preferred Stock, par value $0.01 per share with a liquidation preference of $25.00 per share (the “Preferred Stock”), at an offering price of $25.00, for gross proceeds of approximately $100 million before deducting underwriting discounts and commissions and estimated offering expenses payable by the Company.
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Babcock & Wilcox Enterprises Prices $100 Million Offering of Series A Cumulative Perpetual Preferred Stock
May 5, 2021
(AKRON, Ohio – May 5, 2021) – Babcock & Wilcox Enterprises, Inc. ("B&W" or the "Company") (NYSE: BW) announced the pricing of its underwritten registered public offering of 4,000,000 shares of its 7.75% Series A Cumulative Perpetual Preferred Stock, par value $0.01 per share with a liquidation preference of $25.00 per share (the “Preferred Stock”), at an offering price of $25.00, for gross proceeds of approximately $100 million before deducting underwriting discounts and commissions and estimated offering expenses payable by the Company. B&W has granted the underwriters a 30-day option...
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