News

Babcock & Wilcox Nuclear Energy, Inc., (B&W NE) and Bechtel Power Corporation today announced they have entered into a formal alliance to design, license and deploy the world's first commercially viable Generation III++ small modular nuclear power plant. Based on B&W mPower™ small modular reactor (SMR) technology, this new alliance, to be known as Generation mPower, brings together two recognized and established energy industry leaders in engineering, manufacturing and construction. Both Bechtel and B&W are making a substantial commitment in forming Generation mPower. B&W NE is a subsidiary of The Babcock & Wilcox Company.

Delta Power Services, LLC (DPS), a wholly owned subsidiary of Babcock & Wilcox Power Generation Group, Inc. (B&W PGG), has signed a multi-year, renewable contract to provide operations and maintenance services for Rollcast Energy's Piedmont Green Power biomass energy project in Barnesville, Ga. B&W PGG is a subsidiary of The Babcock & Wilcox Company.

Babcock & Wilcox Power Generation Group, Inc. (B&W PGG) has signed a licensing agreement to design, sell, supply and construct German environmental solutions provider Enviroserv GmbH's circulating fluidized bed flue gas desulfurization (CFB-FGD) technology. B&W PGG is a subsidiary of The Babcock & Wilcox Company.

Denmark-based Babcock & Wilcox Vølund A/S (B&W Vølund), a subsidiary of Babcock & Wilcox Power Generation Group, Inc. (B&W PGG), has signed a contract for approximately $30 million to design and supply a waste-to-energy boiler for a power plant in Norway. B&W PGG is an operating unit of The Babcock & Wilcox Company.

The Babcock & Wilcox Company (B&W) announced today that its affiliate, Babcock & Wilcox Investment Company, and Toshiba Corporation (TOKYO: 6502) have signed a definitive agreement to make an investment in USEC Inc. (NYSE: USU) over three phases, each of which is subject to satisfaction of specific preconditions, including regulatory approvals. The $200 million investment, shared equally between Toshiba and B&W, will strengthen the deployment of the American Centrifuge Plant and create key new business opportunities throughout the nuclear fuel cycle.

The Department of Energy (DOE) has awarded the team of LATA-Stoller-B&W a cleanup contract, valued at approximately $285 million, at the Paducah Gaseous Diffusion Plant near Paducah, Kentucky. Babcock & Wilcox Technical Services Group, Inc. (B&W TSG) is a member of the winning team, which was chosen over four other bids for the contract.

In the past 16 months, Babcock & Wilcox Power Generation Group, Inc. (B&W PGG) has continued to demonstrate itself as a leader in the field of clean energy technology, signing contracts to build, replace or retool three boilers to fire biomass and conduct 16 engineering studies for customers interested in generating power from biomass fuels. B&W PGG is an operating unit of The Babcock & Wilcox Company.

Denmark-based Babcock & Wilcox Vølund A/S (B&W Vølund), a subsidiary of Babcock & Wilcox Power Generation Group, Inc. (B&W PGG), recently signed a contract worth approximately $70 million to design and supply a waste-to-energy boiler for a new power plant in Sweden. B&W PGG is an operating unit of The Babcock & Wilcox Company.

The Babcock & Wilcox Company (B&W) is pleased to announce that its commercial nuclear operations have received additional American Society of Mechanical Engineers (ASME) N-Stamp certifications. The certifications are considered the industry standard for quality assurance of materials, design, construction, operation, inspection and continuing maintenance of nuclear facilities.

Babcock & Wilcox Power Generation Group, Inc. (B&W PGG) has signed a contract worth approximately $90 million to design, engineer, procure and construct wet flue gas desulfurization (FGD) systems for two 825 megawatt units at Detroit Edison Company's Monroe Power Plant in Monroe, Mich. B&W PGG is an operating unit of The Babcock & Wilcox Company.