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Babcock & Wilcox Receives Limited Notice to Proceed to Supply CO2 Capture Technology for U.S. Power Plant
Businesswire· 2025-12-08 11:30
Core Insights - Babcock & Wilcox (B&W) has received a limited notice to proceed for engineering and long-lead procurement on a carbon dioxide capture system valued at $80 million, with a full notice expected by March 2026 [1][6] - The SolveBright system is designed to capture and store over 550,000 tons of CO annually, utilizing both advanced specialty solvents and commodity solvents for operational flexibility and cost savings [2][3] Company Overview - B&W is headquartered in Akron, Ohio, and is recognized as a leader in energy and environmental products and services for power and industrial markets globally [5] - The company has a strong history in providing flue gas treatment and scrubber technologies, positioning itself to support energy producers in capturing CO for storage and beneficial use, particularly in the context of growing data centers and AI factories in North America [3][4] Project Details - The project involves a post-combustion carbon capture system for an existing power plant in the U.S., with B&W capable of supporting both small- and large-scale projects from initial surveys to commissioning [4] - The anticipated project value of $80 million may include additional scope and construction services, indicating potential for further business opportunities [1][6]
Babcock & Wilcox Enterprises Announces Full Redemption of Notes
Businesswire· 2025-12-08 11:30
Core Viewpoint - Babcock & Wilcox Enterprises, Inc. has successfully completed the redemption of all outstanding 8.125% Senior Notes due 2026, totaling $26 million, at a redemption price of 100% of the principal amount plus accrued interest [1]. Group 1 - The redemption of the Senior Notes was completed on December 5, 2025 [1]. - The Senior Notes were issued under an indenture dated February 12, 2021, and were managed by The Bank of New York Mellon Trust Company, N.A. as trustee [1]. - Following the redemption, no Senior Notes remain outstanding [1]. Group 2 - Babcock & Wilcox is headquartered in Akron, Ohio, and is recognized as a leader in energy and environmental products and services for power and industrial markets globally [2].