DIA415.36+6.58 1.61%
SPX5,638.94+117.42 2.13%
IXIC17,754.09+451.07 2.61%

Babcock & Wilcox Awarded $13 Million Boiler Cleaning Equipment and Installation Contract for Southeast Asia Coal Power Plant

Barchart·01/07/2025 05:30:00
Listen to the news

Babcock & Wilcox (B&W) (NYSE: BW) announced today that its B&W Thermal business segment has been awarded a contract valued at approximately $13 million to retrofit boiler cleaning equipment for a power plant in Southeast Asia.

B&W Thermal’s scope includes equipment design and supply, installation, integration and commissioning of its Diamond Power® boiler cleaning equipment, including retractable and standard HydroJet® boiler cleaning systems, sootblowers, and a Titanium® advanced intelligent boiler cleaning control system.

The customer selected B&W’s advanced boiler cleaning technology to help achieve its objectives of enabling the plant to maintain stable, full-capacity power generation, improving operational efficiency, reducing coal consumption, and lowering associated carbon emissions.

“B&W Thermal has a broad range of Diamond Power boiler cleaning technologies, cameras and monitoring equipment, replacement parts, sootblowing equipment and more that can help plant owners improve the performance and longevity of their coal-fired power assets,” said Chris Riker, B&W Executive Vice President and Chief Operating Officer. “B&W’s technologies are proven solutions for boiler cleaning, environmental and efficiency improvements and can be tailored to meet each plant’s needs based on fuel type and other factors.”

“Our dedicated Philippines Service Center team allows us to work closely with our customers throughout Southeast Asia,” Riker said. “We’ve successfully designed and installed similar boiler cleaning and sootblower upgrade solutions to customers throughout the region, and we’re excited about the opportunity to once again serve this important market.”

The project is currently underway and anticipated to complete in the first quarter of 2026.

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 in connection with a boiler equipment cleaning and installation contract in Southeast Asia. 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.

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.
Risk Disclosure: The content of this page is not an investment advice and does not constitute any offer or solicitation to offer or recommendation of any investment product. It is for general purposes only and does not take into account your individual needs, investment objectives and specific financial circumstances. All investments involve risk and the past performance of securities, or financial products does not guarantee future results or returns. Keep in mind that while diversification may help spread risk it does not assure a profit, or protect against loss, in a down market. There is always the potential of losing money when you invest in securities, or other financial products. Investors should consider their investment objectives and risks carefully before investing. For more details, please refer to risk disclosure.
During the campaign period, US stocks, US stocks short selling, US stock options, Hong Kong stocks, and A-shares trading will maintain at $0 commission, and no subscription/redemption fees for mutual fund transactions. $0 fee offer has a time limit, until further notice. For more information, please visit:  https://www.webull.hk/pricing
More than 40M Downloads Globally : data based on Webull Technologies Limited's internal statistics as of July 14, 2023.
Webull Securities Limited is licensed with the Securities and Futures Commission of Hong Kong (CE No. BNG700) for carrying out Type 1 License for Dealing in Securities, Type 2 License for Dealing in Futures Contracts and Type 4 License for Advising on Securities.
Language

English

©2025 Webull Securities Limited. All rights reserved.