Babcock & Wilcox Enterprises, Inc. (B&W) operates as a growing, globally-focused renewable, environmental and thermal technologies provider.
The company provides diversified energy and emissions control solutions to a broad range of industrial, electrical utility, municipal and other customers. The company’s products and services are organized into three market-facing segments. The company’s reportable segments are as follows:
Babcock & Wilcox Renewable: The company’s hydrogen generation techn...
Babcock & Wilcox Enterprises, Inc. (B&W) operates as a growing, globally-focused renewable, environmental and thermal technologies provider.
The company provides diversified energy and emissions control solutions to a broad range of industrial, electrical utility, municipal and other customers. The company’s products and services are organized into three market-facing segments. The company’s reportable segments are as follows:
Babcock & Wilcox Renewable: The company’s hydrogen generation technology (BrightLoop) supports global climate goals, including the decarbonization of industrial and utility steam and power producers. BrightLoop offers significant advantages over other hydrogen generation technologies as it generates competitively priced hydrogen from a wide range of fuels (including solid fuels, such as biomass and coal) with a high rate of carbon captured resulting in low (or even negative) carbon intensity hydrogen. The company also offers technologies for efficient and environmentally sustainable power and heat generation, including waste-to-energy, oxygen-fired biomass-to-energy (OxyBright), and black liquor systems for the pulp and paper industry. The company’s leading waste-to-energy technologies support a circular economy, diverting waste from landfills to use for power generation or district heating, while recovering metals and reducing emissions. As of December 31, 2023, the company installed approximately 500 waste-to-energy and biomass-to-energy units at more than 300 facilities in approximately 30 countries which serve a wide variety of utility, waste management, municipality and investment firm customers.
Babcock & Wilcox Environmental: The company’s full suite of best-in-class emissions control and environmental technology solutions for utility, waste-to-energy, biomass-to-energy, carbon black, and industrial steam generation applications supports environmental stewardship around the world. The company’s broad experience includes systems for cooling, ash handling, particulate control, nitrogen oxide and sulfur dioxide removal, dioxin and furan control, carbon dioxide capture, mercury control, as well as other acid gas and pollutant control. The company’s ClimateBright family of products including SolveBright, OxyBright, BrightLoop, and BrightGen, places the company at the forefront of hydrogen production and carbon dioxide capturing technologies and development with many of the aforementioned products already commercially available and others ready for commercial deployment.
Babcock & Wilcox Thermal: The company’s vast installed base of steam generation equipment and related auxiliaries spans the globe and includes customers in a variety of end markets, including power generation, oil and gas, petrochemical, food and beverage, metals and mining, and others. The company provides aftermarket parts, construction, maintenance, engineered upgrades and field services for the company’s installed base, as well as the installed base of other OEMs; the substantial and stable cash flows generated from these businesses helps to fund the company’s investments in new clean energy initiatives. In addition to the company’s aftermarket offerings, the company provides complete steam generation systems, including package boilers, watertube and firetube waste heat boilers, and other boilers to medium and heavy industrial customers. The company’s unique range of offerings, coupled with the strength of the company’s brand, provides a competitive advantage in existing and emerging markets.
Foreign Operations
The company’s operations in Denmark provide comprehensive services to companies in the waste-to-energy and biomass-to-energy sector of the power generation market, primarily in Europe. The company’s operations in Italy provide custom-engineered comprehensive wet and dry cooling solutions and aftermarket parts and services to the power generation industry, including natural gas-fired and renewable energy power plants, as well as downstream oil and gas, petrochemical and other industrial end markets in Europe, the Middle East and the Americas. The company’s operations in Scotland provide boiler cleaning technologies and systems mainly to European markets. The company’s Canadian operations serve the Canadian industrial power, oil production and electric utility markets. The company has manufacturing facilities in Mexico to serve global markets.
Competition
The company has supplied highly-engineered energy and environmental equipment in more than 90 countries. Each segment’s primary competitors are summarized as follows:
B&W Renewable Segment: Andritz AG; Hitachi Zosen Corporation; Keppel Ltd.; MARTIN GmbH; Steinmuller Engineering GmbH; and Valmet Oyj.
B&W Environmental Segment: Aker Carbon Capture ASA; Durr Group; Elessent Clean Technologies Inc.; ENEXIO Management GmbH; EVAPCO, Inc.; Paharpur Cooling Towers Ltd.; Radscan AB; Seagull Environmental Technologies, Inc.; and Southern Environmental, Inc.
B&W Thermal Segment: AZCO Inc.; Babcock Power Inc.; Clyde Bergemann Power Group; Doosan Corporation; Enerfab, Inc.; General Electric Company; and Mitsubishi Power, Ltd.
Babcock Power Inc., Doosan Corporation, General Electric Company, and Mitsubishi Power, Ltd. are also considered primary competitors of the B&W Environmental Segment.
Patents and Patent Licenses
The company holds a large number of United States and foreign patents and has various patent applications pending.
Research and Development Activities
The company’s research and development expenses totaled $8.4 million in the year ended December 31, 2023.
Environmental
The company has been identified as a potentially responsible party at various cleanup sites under the Comprehensive Environmental Response, Compensation and Liability Act of 1980, as amended (‘CERCLA’).
History
Babcock & Wilcox Enterprises, Inc. was founded in 1867. The company was incorporated in 2015.