BW - Mergers and acquisitions

Babcock & Wilcox Enterprises, Inc. (B&W) (NYSE:BW) announced today that its subsidiary, Babcock & Wilcox Solar Energy, Inc., has been awarded contracts totaling more than $20 million by Summit Ridge Energy, LLC, for the engineering, procurement and construction (EPC) of 25 megawatts of community solar energy projects in Illinois. B&W has successfully executed multiple projects for Summit Ridge Energy, including a $15 million community solar project announced in March 2023 and a $20 million project announced in 2022. "We value our strong, ongoing relationship with Summit Ridge Energy and are excited to develop more projects in the future as we look to grow and expand B&W's presence in th

Babcock & Wilcox Enterprises, Inc. (B&W) (NYSE:BW) announced today that its subsidiary, Babcock & Wilcox Solar Energy, Inc., has been awarded contracts totaling more than $15 million by Summit Ridge Energy, LLC (SRE), a leading commercial solar company in the U.S., to engineer, procure and construct five community solar power installations in Illinois. B&W will also manage subcontractors, site coordination and supervision and the electrical tie-ins to the grid. The projects, totaling approximately 15 megawatts, are scheduled for completion in 2023. This is the second set of contracts awarded to B&W by SRE, which is the solar energy market leader in Illinois. In August 2022, B&W was awarde

Thermal and Renewable Technology Company with Diverse Applications for Hydrogen Combustion and Fuel Conversions Babcock & Wilcox Enterprises, Inc. ("B&W" or the "Company") (NYSE:BW) announced that it has acquired Fossil Power Systems, Inc. ("FPS"), a leading designer and manufacturer of hydrogen, natural gas and renewable pulp and paper combustion equipment including ignitors, plant controls and safety systems based in Dartmouth, Nova Scotia, Canada. The transaction closed February 1, 2022. "The addition of FPS's respected products and expertise to our team is another step forward for the strategic growth of B&W's efficient and environmentally sustainable technologies and solutions," sa