“Latest Babcock & Wilcox Updates”

pon closing the sale, Kanadevia Inova will take over ongoing projects in Europe and hire around 50 employees previously working for B&W A/S in Denmark. This deal allows B&W to focus on fulfilling other contracts in North America with the support of Kanadevia Inova.

Kenneth Young, B&W’s Chairman, and CEO expressed satisfaction with the asset sale and highlighted the importance of using a portion of the proceeds for the BrightLoop project in Massillon, Ohio. He looks forward to potential collaborations with Kanadevia Inova on waste-to-energy projects in North America in the future.

Babcock & Wilcox Enterprises, Inc., based in Akron, Ohio, is known for its energy and environmental products and services for power and industrial markets globally. The company’s aim is to provide innovative solutions while focusing on sustainability and driving the energy transition.

Moving forward, B&W will continue to serve the waste-to-energy market in North America, offering boiler, environmental, and energy solutions. The company remains committed to delivering high-quality products and services to its clients while also contributing to a cleaner and greener future.

In a statement, B&W emphasized the importance of responsible business practices and environmental stewardship. The sale of assets aligns with the company’s strategy to streamline operations, pay off debt, and invest in projects that promote sustainability and clean energy.

Babcock & Wilcox is dedicated to meeting the changing needs of the market while also adhering to its core values of integrity, innovation, and customer satisfaction. By partnering with companies like Kanadevia Inova, B&W aims to stay at the forefront of clean power production and technological advancements.

The company’s commitment to sustainability is evident in its continued efforts to develop cutting-edge solutions that address the challenges of climate change and environmental degradation. By focusing on projects like the BrightLoop facility, B&W is helping to create a more sustainable future for generations to come.

As B&W looks towards the future, it remains focused on expanding its reach and impact in the clean energy sector. With a strong emphasis on innovation and collaboration, Babcock & Wilcox is poised to lead the way towards a net-zero future, driving positive change in the energy industry and beyond.