B&W Vølund Awarded Plant Service Contracts for Waste-to-Energy Customers in U.K., Denmark
April 30 2020 - 6:30AM
Business Wire
Babcock & Wilcox Vølund A/S (Vølund), a subsidiary of
Babcock & Wilcox Enterprises, Inc. (B&W) (NYSE: BW), has
been awarded a multi-year service contract for two U.K.
waste-to-energy plants owned by Viridor, and a plant upgrade
service contract for Frederikshavn Forsyning A/S’s combined heat
and power waste-to-energy plant in Frederikshavn, Denmark. The
combined value of the contracts is more than $4 million.
Under the first agreement, Vølund will provide inspection,
maintenance and optimization services for equipment it previously
supplied to Viridor’s low-carbon heat and energy facilities. The
second agreement calls for Vølund to design and install new
equipment and provide diagnostic services for the Frederikshavn
plant’s boiler.
“With its decades of experience and knowledge, Vølund is
well-positioned to provide maintenance, field engineering, upgrades
and parts to renewable energy plants in Europe,” said Jimmy Morgan,
Senior Vice President, The Babcock & Wilcox Company. “These two
contracts are reflective of the many emerging opportunities as we
expand our renewable energy business world-wide.”
“We thank Frederikshavn Forsyning and Viridor for the confidence
they have shown in us,” Morgan said.
Vølund’s plant services include upgrades and optimizations that
can help maintain stable operation, increased energy output, and
achieve emission levels that comply with today’s standards and
legislation. Vølund also manufactures replacement parts to ensure
plant availability for daily operations and avoid unexpected
shutdowns. Learn more about Vølund’s biomass, waste-to-energy and
fossil fuel plant services at babcock.com.
About B&W
Headquartered in Akron, Ohio, Babcock & Wilcox 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.
About B&W Vølund
Based in Esbjerg, Denmark, B&W Vølund is a subsidiary of
Babcock & Wilcox Enterprises, Inc., and is a supplier of
technologies for efficient and environmentally sound
waste-to-energy and biomass energy plants around the world.
Forward-Looking Statements
B&W cautions that this release contains forward-looking
statements, including, without limitation, statements relating to
the execution and completion of its multi-year service contract for
two U.K. waste-to-energy plants and plant upgrade service contract.
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/20200430005261/en/
Investor Contact: Megan Wilson Vice President, Corporate
Development & 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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