-B&W renewable technology will be used to generate electricity for the equivalent of 95,000 homes and significantly reduce methane emissions from landfills
-The factory will transfer 435,000 tons of non-recyclable waste from the landfill every year
Akron, Ohio, November 17, 2021--(BUSINESS WIRE)--(BUSINESS WIRE)--Babcock & Wilcox (B&W) (NYSE: BW) today announced that its B&W is renewable The department has been awarded a contract valued at approximately US$58 million for the design and supply of an advanced waste-energy boiler, combustion grate and other equipment for a waste incineration power plant in Europe.
B&W Renewable's technology, including its advanced DynaGrate® combustion grate, will help factory operators transfer 435,000 tons of non-recyclable waste from landfills, reduce methane emissions, and provide renewable energy to the equivalent of 95,000 households. DynaGrate is very suitable for waste-to-energy applications, with high fuel flexibility, energy recovery and combustion efficiency, while also reducing emissions by destroying dioxins and furans, minimizing the formation of nitrogen oxides and limiting unburned carbon .
"Transferring hundreds of thousands of tons of garbage each year will significantly reduce the environmental impact of landfills in the area, including runoff and methane emissions," said Jimmy Morgan, chief operating officer of B&W. "The conversion of waste into energy, biomass and renewable technologies is an important part of B&W's business growth strategy. We are looking for other important renewable energy projects around the world."
As the world seeks to reduce greenhouse gas emissions and reliance on fossil fuels, waste-to-energy technologies can play a key role in these efforts while providing renewable base load electricity. In Europe alone, 50 million tons of waste are converted into valuable energy, powering 27 million residents, and greatly reducing the need for landfills.
Babcock & Wilcox Enterprises, headquartered in Akron, Ohio, is a leader in energy and environmental products and services for the global power and industrial markets. Follow us on LinkedIn and learn more on www.babcock.com.
About B&W Renewable Energy
Babcock & Wilcox Renewable provides cost-effective technologies for efficient and environmentally sustainable electricity and heat production, including waste-to-energy, biomass energy and black liquor systems for the pulp and paper industry. B&W Renewable’s leading technology supports a circular economy, moving waste from landfills to generating electricity and replacing fossil fuels, while recycling metals and reducing emissions.
B&W cautions that this press release contains forward-looking statements, including but not limited to statements related to the receipt of more than US$58 million in contracts for the design and supply of waste incineration power generation boilers, combustion grate, ash treatment systems and other The equipment of waste incineration power plants in Europe, and the corresponding reduction of the environmental impact of landfill waste in this area. These forward-looking statements are based on management’s current expectations and involve many risks and uncertainties. For a more complete discussion of these risk factors, please refer to our filings with the U.S. Securities and Exchange Commission, including our most recent annual report on Form 10-K. If one or more of these risks or other risks become reality, the actual results may be very different from the expressed results. We remind readers not to rely too much on these forward-looking statements, which were issued only on the date of this press release, and we assume no obligation to update or revise any forward-looking statements, unless required by applicable law.
View the source version on businesswire.com: https://www.businesswire.com/news/home/20211117005519/en/
Investor Contact: Megan Wilson Vice President of Corporate Development and Investor Relations Babcock & Wilcox 330-860-6802 | 704.625.4944 Investors@babcock.com
Media Contact: Ryan Cornell Public Relations Babcock & Wilcox 330.860.1345 rscornell@babcock.com
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