{"id":505674,"date":"2021-06-22T16:34:16","date_gmt":"2021-06-22T20:34:16","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/bw-renewable-receives-limited-notice-to-proceed-for-engineering-portion-of-24-million-waste-to-energy-project-in-europe\/"},"modified":"2021-06-22T16:34:16","modified_gmt":"2021-06-22T20:34:16","slug":"bw-renewable-receives-limited-notice-to-proceed-for-engineering-portion-of-24-million-waste-to-energy-project-in-europe","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/bw-renewable-receives-limited-notice-to-proceed-for-engineering-portion-of-24-million-waste-to-energy-project-in-europe\/","title":{"rendered":"B&W Renewable Receives Limited Notice to Proceed for Engineering Portion of $24 Million Waste-to-Energy Project in Europe"},"content":{"rendered":"

<\/p>\n

B&W Renewable Receives Limited Notice to Proceed for Engineering Portion of $24 Million Waste-to-Energy Project in Europe<\/b><\/p>\n

AKRON, Ohio–(BUSINESS WIRE<\/a>)–
\nBabcock & Wilcox (B&W) (NYSE: BW) announced today that its B&W Renewable segment has received a limited notice to proceed for a new-build waste-to-energy project in Europe as it finalizes terms for a $24 million contract with its customer. B&W Renewable anticipates a full notice to proceed later this year.\n<\/p>\n

\nUnder the limited notice to proceed, B&W Renewable has begun engineering on its best-in-class renewable energy technology \u2013 including a boiler, combustion equipment and DynaGrate\u00ae<\/sup> combustion grate \u2013 to process municipal waste to produce electricity while controlling environmental emissions and eliminating harmful landfill methane emissions.\n<\/p>\n

\n\u201cThe market for clean, renewable energy in Europe is extremely strong, and we\u2019re pleased to expand beyond our already large base of DynaGrate customers in the U.K. and Scandinavia with this new-build installation,\u201d said B&W Chief Operating Officer Jimmy Morgan. \u201cB&W Renewable\u2019s waste-to-energy technologies allow our customers to turn municipal waste that would otherwise end up in a landfill into a clean, baseload power-producing asset, while reducing greenhouse gas and other emissions.\u201d\n<\/p>\n

\n\u201cBy diverting municipal waste from landfills, we reduce the associated environmental impacts caused by burying trash \u2013 including water pollution, odors and emissions of the potent greenhouse gas methane, which is produced when biological waste decomposes,\u201d Morgan said. \u201cWaste-to-energy is also fully complementary to recycling programs, beneficially using waste that otherwise couldn\u2019t be recycled.\u201d\n<\/p>\n

\nB&W announced an expansion of its presence in Europe in September 2020, as it looks to capitalize on an estimated addressable market of more than $7 billion in the region over the next three years.\n<\/p>\n

About Babcock & Wilcox
\n
<\/i><\/b>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<\/a> and learn more at www.babcock.com<\/a>.<\/i><\/p>\n

About B&W Renewable
\n
<\/b>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\u2019s 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.<\/i><\/p>\n

Forward-Looking Statements
\n
<\/i><\/b>B&W cautions that this release contains forward-looking statements, including, without limitation, statements relating to the receipt of a limited notice to proceed on a waste-to-energy project in Europe and the anticipated date for a contract award and its intention to capitalize on an estimated addressable market of more than $7 billion in the region over the next three years. These forward-looking statements are based on management\u2019s 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.<\/i><\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210622006039\/en\/<\/a><\/span><\/p>\n

Investor Contact:
\n<\/b>
Megan Wilson
\n
Vice President, Corporate Development & Investor Relations
\n
Babcock & Wilcox
\n
704.625.4944 | investors@babcock.com<\/a><\/p>\n

Media Contact:
\n<\/b>
Ryan Cornell
\n
Public Relations
\n
Babcock & Wilcox
\n
330.860.1345 | rscornell@babcock.com<\/a><\/p>\n

KEYWORDS:<\/b> Ohio United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Utilities Oil\/Gas Coal Alternative Energy Energy Engineering Nuclear Manufacturing<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

B&W Renewable Receives Limited Notice to Proceed for Engineering Portion of $24 Million Waste-to-Energy Project in Europe AKRON, Ohio–(BUSINESS WIRE)– Babcock & Wilcox (B&W) (NYSE: BW) announced today that its B&W Renewable segment has received a limited notice to proceed for a new-build waste-to-energy project in Europe as it finalizes terms for a $24 million contract with its customer. B&W Renewable anticipates a full notice to proceed later this year. Under the limited notice to proceed, B&W Renewable has begun engineering on its best-in-class renewable energy technology \u2013 including a boiler, combustion equipment and DynaGrate\u00ae combustion grate \u2013 to process municipal waste to produce electricity while controlling environmental emissions and eliminating harmful landfill methane emissions. \u201cThe market for clean, renewable … <\/p>\n

Continue reading “B&W Renewable Receives Limited Notice to Proceed for Engineering Portion of $24 Million Waste-to-Energy Project in Europe”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-505674","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nB&W Renewable Receives Limited Notice to Proceed for Engineering Portion of $24 Million Waste-to-Energy Project in Europe - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/bw-renewable-receives-limited-notice-to-proceed-for-engineering-portion-of-24-million-waste-to-energy-project-in-europe\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"B&W Renewable Receives Limited Notice to Proceed for Engineering Portion of $24 Million Waste-to-Energy Project in Europe - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"B&W Renewable Receives Limited Notice to Proceed for Engineering Portion of $24 Million Waste-to-Energy Project in Europe AKRON, Ohio–(BUSINESS WIRE)– Babcock & Wilcox (B&W) (NYSE: BW) announced today that its B&W Renewable segment has received a limited notice to proceed for a new-build waste-to-energy project in Europe as it finalizes terms for a $24 million contract with its customer. B&W Renewable anticipates a full notice to proceed later this year. 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