- Business
- Babcock & Wilcox Enterprises, Inc. (NYSE: BWNB) provides advanced energy technology solutions, including steam generation equipment, emissions control systems, decarbonization technologies and aftermarket services to industrial, utility, municipal and other customers worldwide. Founded in 1867 and headquartered in Akron, Ohio, the company operates through three main segments: Babcock & Wilcox Renewable, which offers waste-to-energy boilers, biomass systems, BrightLoop hydrogen production from fuels including biomass and coal, OxyBright oxygen-fired combustion, black liquor recovery boilers for pulp and paper, and related power and heat generation technologies; Babcock & Wilcox Environmental, which supplies cooling systems, ash handling equipment, particulate control, nitrogen oxides and sulfur dioxide removal, chemical looping for carbon capture under brands including SolveBright, OxyBright and BrightGen; and Babcock & Wilcox Thermal, which provides supercritical, ultra-supercritical and subcritical boilers, fluidized-bed boilers, heat recovery steam generators, pulverizers, burners, combustion grates, air heaters, sootblowers, fuel handling systems and construction services. Its operations span North America, Europe, Asia and other regions, targeting industries such as power generation, cement, chemicals, oil sands, metals, refining, biomass, hydrogen production and waste management; key brands and technologies include DynaGrate combustion grates, Diamond Power sootblowers, Allen-Sherman-Hoff ash handling, FPS ignitors and EvenFlow coal balancing. In recent developments, Babcock & Wilcox signed a limited notice to proceed contract valued at over $1.5 billion with Applied Digital in November 2025 to design and install one gigawatt of natural gas-fired power generation for an AI data center factory, with full contract expected in 2026; sold its Allen-Sherman-Hoff ash handling business to ANDRITZ for $29 million and its Denmark-based Babcock & Wilcox Renewable Service A/S subsidiary to Hitachi Zosen Inova for $87 million in 2024 to reduce debt and focus on core operations; raised $67.5 million through an at-the-market equity offering in November 2025; fully redeemed its $26 million 8.125% senior notes due 2026; announced board retirement of Henry Bartoli; secured contracts including $35 million for power plant maintenance, $17 million for coal plant refurbishment and front-end engineering for Canada's first waste-to-energy plant with carbon capture; and signed a memorandum of understanding with Kanadevia Inova in 2025 to explore BrightLoop hydrogen projects using waste and biomass.