Singapore markets open in 4 hours 15 minutes
  • Straits Times Index

    3,142.63
    +62.94 (+2.04%)
     
  • S&P 500

    4,127.83
    -35.46 (-0.85%)
     
  • Dow

    34,060.66
    -267.13 (-0.78%)
     
  • Nasdaq

    13,303.64
    -75.41 (-0.56%)
     
  • BTC-USD

    43,325.49
    -1,281.89 (-2.87%)
     
  • CMC Crypto 200

    1,216.38
    -36.77 (-2.93%)
     
  • FTSE 100

    7,034.24
    +1.39 (+0.02%)
     
  • Gold

    1,870.10
    +2.50 (+0.13%)
     
  • Crude Oil

    65.30
    -0.97 (-1.46%)
     
  • 10-Yr Bond

    1.6420
    +0.0020 (+0.12%)
     
  • Nikkei

    28,406.84
    +582.01 (+2.09%)
     
  • Hang Seng

    28,593.81
    +399.72 (+1.42%)
     
  • FTSE Bursa Malaysia

    1,591.32
    +7.86 (+0.50%)
     
  • Jakarta Composite Index

    5,834.39
    +0.53 (+0.01%)
     
  • PSE Index

    6,244.74
    -38.84 (-0.62%)
     

B&W Renewable to Provide Upgrades to Reduce Emissions and Increase Efficiency of Scotland Waste-to-Energy Plant

  • Oops!
    Something went wrong.
    Please try again later.
·3-min read
  • Oops!
    Something went wrong.
    Please try again later.

Babcock & Wilcox (B&W) (NYSE: BW) announced today that its B&W Renewable segment has been awarded a contract to provide upgrades to Shetland Islands Council’s energy recovery plant in Lerwick, Scotland, to reduce emissions and increase efficiency.

Under the contract, which is valued at more than $3 million, B&W Renewable will design, supply and install new, patented water-cooled wear zones, a secondary air system, waste feed hopper and associated equipment, and provide a control system upgrade.

The equipment upgrades, which utilize proven, patented Babcock & Wilcox Vølund A/S technology, are intended to reduce emissions, while also boosting the plant’s municipal waste-processing capacity by 15 percent. The plant provides hot water to the local district heating company, Shetland Heat, Energy & Power Ltd., which supplies more than 1,200 local homes and businesses.

"B&W Renewable is proud to be a leading provider of equipment and services to the renewable energy plant fleet in Europe and throughout the world," said B&W Chief Operating Officer Jimmy Morgan. "We look forward to executing this important project and appreciate the confidence Shetland Islands Council has shown in our clean energy technologies."

B&W Renewable will also provide grate and boiler maintenance services, training, start-up support and performance optimization services for the energy recovery plant. The project is scheduled for completion and handover to the customer in the fall of 2021.

B&W Renewable’s waste-to-energy technologies are robust and effective energy options designed to reduce CO2 emissions and replace fossil fuels. Technologies offered include combustion systems, grates and stokers, waste fuel feeder systems, water-cooled wear zones, emissions control, flue gas treatment and more.

About B&W

Headquartered in Akron, Ohio, Babcock & Wilcox Enterprises, Inc., is a global leader in energy and environmental technologies and services for the power and industrial markets. Follow us on LinkedIn and learn more at www.babcock.com.

About B&W Renewable

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’s 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.

Forward-Looking Statements

B&W cautions that this release contains forward-looking statements, including, without limitation, statements relating to the execution and completion of a contract to provide upgrades to Shetland Islands Council’s energy recovery plant in Lerwick, Scotland. These forward-looking statements are based on management’s 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201021005078/en/

Contacts

Investor:
Megan Wilson
Vice President, Corporate Development & Investor Relations
Babcock & Wilcox
704.625.4944 | investors@babcock.com

Media:
Ryan Cornell
Public Relations
Babcock & Wilcox
330.860.1345 | rscornell@babcock.com