Babcock & Wilcox Awarded $8 Million Contract for Cooling System for U.K. Renewable Energy Project
22 August 2024 - 8:30PM
Business Wire
Babcock & Wilcox (B&W) (NYSE: BW) announced today that
its B&W Environmental business segment has been awarded a
contract for more than $8 million to design and supply a cooling
system for a U.K. renewable energy facility.
B&W Environmental will supply a SPIG® air-cooled condenser
(ACC) for the plant, which will generate low-carbon baseload
electricity. The SPIG ACC utilizes an advanced, high-efficiency
design which is ideal for renewable energy applications.
“We are glad to be a part of this important clean energy
project,” said Jimmy Morgan, B&W Executive Vice President and
Chief Operating Officer. “This project demonstrates B&W
Environmental’s key position as a trusted solutions provider for
the U.K. renewable energy sector.”
SPIG ACC systems are a highly effective dry cooling technology
installed in power plants to condensate the turbine exhaust steam
using only the ambient air without need for water. The benefits of
ACC systems include high efficiency, low operating noise and high
corrosion resistance.
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 a contract for the design and
supply of a cooling system for a U.K. renewable energy facility.
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/20240822457101/en/
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
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