B&W Named to MIT "Technology Review's" 2012 TR50 List of the World's Most Innovative Companies
The Babcock & Wilcox Company (B&W) (NYSE:BWC) has been included in the 2012 TR50, Technology Review's annual list of the world's most innovative technology companies, for its innovative small modular reactor technology and design. Technology Review is an independent media company owned by the Massachusetts Institute of Technology (MIT). According to the MIT-owned company, members of the TR50 list are nominated by Technology Review publication editors, who look for companies that over the last year have demonstrated original and valuable technology, are bringing that technology to market at a significant scale and are clearly influencing their competitors. Spanning energy, computing, the Web, biomedicine, and materials, the companies on the list, according to Technology Review, represent commercial innovations most likely to change lives around the world.
B&W Announces $600 Million Order Under Naval Nuclear Reactor Components Contract
The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that its subsidiary, Babcock & Wilcox Nuclear Operations Group, Inc. (B&W NOG), received its second release under the $2 billion contract awarded in 2010. The $600 million order was funded in the fourth quarter of 2011 and is for the manufacture of nuclear components to support U.S. defense programs including the manufacture of naval nuclear power systems for submarines and aircraft carriers. Combined with the annual award for naval nuclear fuel announced during the fourth quarter, B&W NOG reported total fourth-quarter bookings of $777.6 million, and ended 2011 with total backlog of approximately $3.0 billion.
B&W Announces Contract to Supply Environmental Control Technology for Colorado Power Plant
The Babcock & Wilcox Company (B&W) (NYSE: BWC) announced today that its subsidiary, Babcock & Wilcox Power Generation Group, Inc. (B&W PGG), has been awarded a contract to design and supply two spray dry absorber (SDA) units and associated equipment for Xcel Energy's coal-fired Pawnee Generating Station in Brush, Colo.
B&W to Apply for U.S. Department of Energy Small Modular Reactor Funding Opportunity
The Babcock & Wilcox Company (B&W) (NYSE:BWC) confirmed today that it plans to apply for a Public-Private Partnership through the U.S. Department of Energy (DOE) for the development of small modular reactor (SMR) technology. A draft Funding Opportunity Announcement (FOA) issued by the DOE outlines a plan to provide investments to private industry to support the design, licensing and manufacturing of SMRs.
B&W Awarded $75 Million Environmental Construction Contract for Indiana Power Plant
The Babcock & Wilcox Company (B&W) (NYSE: BWC) announced today that its subsidiary Babcock & Wilcox Construction Co., Inc. (BWCC) has been awarded a contract worth more than $75 million to provide construction services for the installation of environmental equipment at Northern Indiana Public Service Company's (NIPSCO) R.M. Schahfer Generating Station in Wheatfield, Ind.
B&W Announces Charles G. Spencer Chief Operating Officer, B&W Technical Services Group, Inc.
The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that Charles (Chuck) G. Spencer has joined Babcock & Wilcox Technical Services Group, Inc. (B&W TSG) as Vice President and Chief Operating Officer.
B&W Announces Realignment of Commercial Nuclear Business in Response to Growing Demands
The Babcock & Wilcox Company (B&W) (NYSE: BWC) announced today that it is realigning its commercial nuclear business in response to changing market conditions, growth opportunities and the continuing progress of its small modular reactor (SMR) business.
B&W Awarded $43 Million Contract to Supply Environmental Equipment for Iowa Power Plant
The Babcock & Wilcox Company (B&W) (NYSE: BWC) announced today that its subsidiary Babcock & Wilcox Power Generation Group, Inc. (B&W PGG) has been awarded a $43 million contract by architectural, engineering and construction firm Burns & McDonnell to engineer and supply a spray dry absorber (SDA) system and a pulse jet fabric filter baghouse for Interstate Power and Light Company's (IPL) Ottumwa Generating Station power plant in Ottumwa, Iowa.
B&W Awarded $2.8 Million in DOE Funding for Carbon Capture Research
The Babcock & Wilcox Company (B&W) (NYSE: BWC) announced today that its Babcock & Wilcox Power Generation Group, Inc. (B&W PGG) subsidiary has been selected to receive $2.8 million in financial assistance funding from the U.S. Department of Energy to study chemical formulations to improve the performance of its Regenerable Solvent Absorption Technology (RSAT™) process solvent used to capture carbon dioxide (CO2) from coal-fired power plants. The project will be managed by DOE's National Energy Technology Laboratory under its Innovations for Existing Plants (IEP) Program.
B&W Announces Contract Extensions at Pantex Plant and Y-12 National Security Complex
The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that its subsidiary Babcock & Wilcox Technical Services Group, Inc. (B&W TSG) has received contract extensions for the management and operations of the Pantex Plant and the Y-12 National Security Complex from the National Nuclear Security Administration (NNSA).