Babcock & Wilcox Thermal to Supply Superheater Components to U.S. Power Customer
September 17 2020 - 6:30PM
Business Wire
Babcock & Wilcox (B&W) (NYSE: BW) announced today that
its B&W Thermal segment will design, manufacture and supply new
superheater components for a B&W Universal Pressure
supercritical (highly efficient) boiler at Luminant’s Oak Grove
Power Plant near Franklin, Texas. The plant provides low-emissions
power to more than one million central Texas homes and
businesses.
Engineering is underway for the contract, which was awarded to
B&W’s subsidiary, The Babcock & Wilcox Company. Components
will be manufactured in B&W’s Monterrey, Mexico, facility.
“B&W Thermal serves an essential role in maintaining the
global power plant fleet,” said B&W Chief Operating Officer
Jimmy Morgan. “Now more than ever, it’s important that plants
continue to operate efficiently, and we’re proud to supply
reliable, cost-effective technologies to help customers across a
wide range of industries meet emission standards. We thank Luminant
for the opportunity to supply components for this important boiler
maintenance project.”
Material delivery to Oak Grove is scheduled for February
2021.
B&W Universal Pressure boilers are designed to operate at
highly efficient steam outlet temperatures of approximately 1100° F
and at supercritical pressures, producing power with lower overall
emissions than subcritical pressure boilers.
About B&W
Headquartered in Akron, Ohio, Babcock & Wilcox Enterprises,
Inc., 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 Thermal
Babcock & Wilcox Thermal designs, manufactures and erects
steam generation equipment, aftermarket parts, construction,
maintenance and field services for plants in the power generation,
oil & gas, and industrial sectors. B&W has an extensive
global base of installed equipment for utilities and general
industrial applications including refining, petrochemical, food
processing, metals and more.
Forward-Looking Statements
B&W cautions that this release contains forward-looking
statements, including, without limitation, statements relating to
the execution and completion of a contract to design, manufacture
and supply new superheater components for a B&W Universal
Pressure supercritical boiler at Luminant’s Oak Grove Power Plant
near Franklin, Texas. 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/20200917006011/en/
Investors: Megan Wilson Vice President, Corporate
Development & Investor Relations Babcock & Wilcox
704.625.4944 | investors@babcock.com
Media: Ryan Cornell Public Relations Babcock & Wilcox
330.860.1345 | rscornell@babcock.com
Babcock and Wilcox Enter... (NYSE:BW)
Historical Stock Chart
From Mar 2024 to Apr 2024
Babcock and Wilcox Enter... (NYSE:BW)
Historical Stock Chart
From Apr 2023 to Apr 2024