Babcock & Wilcox Renewable Service Awarded $15 Million Contract for Biomass Boiler Installation Project in Europe
30 Junho 2022 - 7:30AM
Business Wire
- Green energy project is B&W Renewable
Service’s first bubbling fluidized bed boiler installation in
Europe
- Newly acquired Denmark-based subsidiary has
targeted significant opportunities in the European renewable
services market
Babcock & Wilcox (B&W) (NYSE: BW) announced today that
its newly acquired B&W Renewable Service A/S subsidiary has
been awarded a contract for more than $15 million to design and
install a biomass-fired boiler and other combustion equipment for a
green energy project in Europe.
The 48-megawatt boiler is the first B&W-designed bubbling
fluidized bed (BFB) boiler to be installed in Europe by B&W
Renewable Service and will be used to provide district heating to
thousands of residents and businesses.
“This green energy project, utilizing clean, renewable fuel,
will provide heat for customers while reducing emissions,” said
B&W Executive Vice President and Chief Operating Officer Jimmy
Morgan. “Under B&W Renewable Service CEO Christopher Nysted
Sørensen’s leadership, a high level of expertise and service
capabilities, combined with B&W’s world-class technologies,
gives us an edge in the growing market for biomass boilers and
boiler services in Europe.”
In addition to the boiler, B&W will supply the boiler’s
external economizer, valves, instrumentation and related equipment.
The plant is scheduled to be operational in the second quarter of
2023.
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.
Forward-Looking Statements
B&W cautions that this release contains forward-looking
statements, including, without limitation, statements relating to
the awarding of a contract to design and install a biomass-fired
boiler and related equipment for a district heating plant in
Europe. 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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version on businesswire.com: https://www.businesswire.com/news/home/20220630005426/en/
Investor Contact: B&W Investor Relations 704.625.4944
| investors@babcock.com
Media Contact: Ryan Cornell Public Relations Babcock
& Wilcox 330.860.1345 | rscornell@babcock.com
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