Babcock & Wilcox Environmental Awarded $13 Million Contract to Provide Advanced Technology to Reduce Environmental Impact of Power Plant Ash

Akron, Ohio – (BUSINESS WIRE) – Babcock & Wilcox (B&W) (NYSE: BW) announced today that its B&W Environmental segment has been awarded a contract for approximately $ 13 million to develop and supply equipment to reduce the environmental impact of ash at a U.S. power plant.

B&W Environmental will design, manufacture and supply the modern Allen-Sherman-Hoff machine® Ash treatment system with submersible grinding conveyor (SGC) and related equipment as an upgrade of the existing ash system at the plant to meet the requirements for zero-emission ash removal.

“As many of our customers join the transition to cleaner, low-emission electricity, B&W can provide a full range of environmentally friendly technologies for utilities and industry, as well as renewable energy solutions to reduce greenhouse gas emissions,” said the CEO. B&W. Vice President and Chief Operating Officer Jimmy Morgan. “The B&W Environmental submersible conveyor is less and more versatile than conventional chain conveyors, can be adapted to each specific plant scheme and is very effective in helping plant operators reduce the environmental impact of their activities.”

The SGC B&W Environmental system offers a heavy flexible design for efficient ash transport and dewatering. This patented, proven technology offers simplified installation and operation for the best ash treatment.

About Babcock & Wilcox

Headquartered in Akron, Ohio, Babcock & Wilcox Enterprises is a leader in energy and environmental products and services for energy and industrial markets worldwide. Follow us on LinkedIn and find out more at babcock.com.

About B&W Environmental

Babcock & Wilcox Environmental offers a full range of best-in-class products and emission control solutions for municipal and industrial steam generating applications worldwide. Extensive experience in this segment includes systems for ash treatment, particulate matter management, removal of nitrogen oxides and sulfur dioxide, chemical cycles for carbon and mercury control, and cooling solutions.

Statements about the future

B&W warns that this issue contains forward-looking statements, including, without limitation, statements regarding the conclusion of a contract for the development and supply of environmental technology for a power plant in the United States. These forward-looking statements are based on current management expectations and include a number of risks and uncertainties. For a more complete discussion of these risk factors, see our documents to the Securities and Exchange Commission, including our latest annual report on Form 10-K. If one or more of these risks or other risks materialize, the actual results may differ materially from those expressed. We warn readers not to rely too heavily 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 statements, except to the extent required by applicable law.

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