Babcock & Wilcox Enterprises, Inc. (B&W) announced today that its subsidiary, The Babcock & Wilcox Company (B&W), has been awarded a contract for more than $50 million to design and supply boiler equipment for an existing North American power plant. The majority of the value of this contract will be booked in first quarter 2018.
“Maintaining a reliable and efficient North American power fleet is a key goal for B&W’s Power business,” said Mark Low, Senior Vice President of B&W’s Power segment. “Coal-fired plants continue to provide a substantial portion of the power delivered to the electrical grid, and it’s critical that these plants be maintained to operate at peak efficiency.”
B&W has successfully executed thousands of component replacement projects for B&W and non-B&W utility and industrial boilers. For this project, B&W will manufacture replacement boiler components for the plant’s coal-fired, natural circulation B&W Radiant Boiler.
Key data points: The growth forecast = 9.2% annually for the next 7 years. Scroll below to get more insights. This market report covers Trends, opportunities and forecasts in heat pump heating system sales market to 2031 by type (water source, air source, and ground source), application (household and commercial), and region (North America, Europe, Asia Pacific, and the Rest of the World)
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