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Babcock & Wilcox Construction Co., LLC Awarded More Than $20 Million in Power Plant Outage and Rebuild Work

Business Wire
·1-min read

AKRON, Ohio, May 20, 2024--(BUSINESS WIRE)--Babcock & Wilcox (B&W) (NYSE: BW) announced today that Babcock & Wilcox Construction Co., LLC (BWCC) has been awarded U.S. power plant outage and rebuild work valued at more than $20 million.

"Keeping the existing baseload power fleet operating is critical to energy security, reliability and affordability, and demand for plant maintenance services remains strong as plant owners recognize the importance of extending the operating life of their power generating assets and keeping them running at maximum efficiency," said BWCC Vice President and General Manager Mike Hidas.

"These outage and rebuild work agreements also drive increased demand for replacement parts," Hidas said. "B&W is a trusted provider of replacement parts for B&W and competitors’ equipment, including a wide range of power plant, boiler, auxiliary and environmental equipment."

BWCC provides outage services, installation, refurbishment, mechanical repair and maintenance services for a variety of industries – including utilities, oil and gas, petrochemical, pulp and paper and others – as well as equipment and plant installations, regardless of the original manufacturer.

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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 outage and rebuild work contracts for power plants in the United States. 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/20240520615457/en/

Contacts

Investor Contact:
Investor Relations
Babcock & Wilcox
704.625.4944
investors@babcock.com

Media Contact:
Ryan Cornell
Public Relations
Babcock & Wilcox
330.860.1345
rscornell@babcock.com