- Plant will help reduce methane emisssions from landfilled waste

- Growth and expansion of B&W�s Asia-Pacific business continues

AKRON, Ohio--(BUSINESS WIRE)--$BW #landfillmethane--Babcock & Wilcox (B&W) (NYSE: BW) announced today its B&W Renewable business segment has been awarded a contract for approximately $22 million to design and supply advanced waste-to-energy technology to help a power producer in Asia reduce its reliance on coal and decrease the amount of waste sent to landfills.

B&W Renewable will design and supply a 440-ton-per-day waste-to-energy boiler, DynaGrate^� combustion grate and other combustion equipment, including burners and sootblowers. The plant will generate cleaner electricity for the community while processing approximately 160,000 tons of industrial waste annually.

�Decarbonization efforts are gaining momentum worldwide, especially in Asia, while the need to responsibly and sustainably manage industrial and municipal waste continues to grow,� said B&W Executive Vice President and Chief Operating Officer Jimmy Morgan. �Waste-to-energy technologies are an ideal solution to produce renewable, baseload power while reducing greenhouse gas emissions and reliance on landfills.�

�Our business in the Asia-Pacific region continues to grow, with significant opportunities for B&W�s renewable, environmental and thermal technologies,� said Nick Carter, Managing Director of B&W�s Asia-Pacific region. �We look forward to continuing to provide solutions to help our customers throughout the region with their clean energy transition.�

B&W has more than 150 years of experience in designing, supplying and servicing some of the world�s cleanest, most efficient energy systems. B&W Renewable�s capabilities, including the state-of-the-art V�lund� technology, developed and improved over the last 80 years, has been used in more than 500 applications worldwide.

About Babcock & Wilcox

Headquartered in Akron, Ohio, Babcock & Wilcox Enterprises 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.

About B&W Renewable

Babcock & Wilcox Renewable offers cost-effective technologies for efficient and environmentally sustainable power and heat generation, including waste-to-energy, biomass energy and black liquor systems for the pulp and paper industry. B&W Renewable�s leading technologies support a circular economy, diverting waste from landfills to use for power generation and replacing fossil fuels, while recovering metals and reducing emissions.

Forward-Looking Statements

B&W cautions that this release contains forward-looking statements, including, without limitation, statements relating to the signing of a contract to design and supply waste-to-energy technologies for a plant in Asia, as well as growth opportunities in the region. 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.

Contacts

Investor Contact:
Megan Wilson

Chief Strategy Officer and Sr. Vice President, Corporate Development

Babcock & Wilcox

704.625.4944

[email protected]

Media Contact:
Ryan Cornell

Public Relations

Babcock & Wilcox

330.860.1345

[email protected]