Benzinga | Sep 30, 2021 06:36AM EDT

Babcock & Wilcox Renewable Receives $38M Technology Award For New Waste-To-Energy Facilities In East Asia

Babcock & Wilcox (B&W) (NYSE:BW) announced today that its B&W Renewable segment has received an award for more than $38 million to supply waste-to-energy technologies for municipal waste projects in East Asia.

B&W Renewable will design, manufacture and supply its V?lund DynaGrate(r) combustion grates and provide technical site services, in addition to designs for the plants' fuel-feeding and ash-removal equipment. B&W also will supply a highly efficient, advanced waste-to-energy boiler under a technology license. The facilities will be capable of processing approximately 2 million tons of municipal waste annually.

"B&W is focused on accelerating our growth in the Asia-Pacific region, particularly for our renewable energy and environmental businesses," said Jimmy Morgan, B&W Chief Operating Officer. "These types of projects demonstrate the tremendous opportunity for clean, renewable energy throughout Asia. Our advanced waste-to-energy technologies help customers provide reliable, baseload power, while also protecting the environment. These highly efficient plants reduce reliance on landfills and combat climate change caused by significant methane emissions from waste that would otherwise end up in those landfills. B&W also offers state-of-the-art carbon capture technologies that would allow customers to capture CO2 from waste-to-energy facilities, if they choose, and eliminate greenhouse gas emissions entirely."

"As Asia's need for electricity grows and urban centers look for more efficient and climate-conscious ways to deal with municipal waste, we expect waste-to-energy to play an increasing and important role in the region's energy mix," Morgan said. "This directly aligns with our organic growth strategy and operational expansion within the Asia-Pacific region."

B&W Renewable's waste-to-energy technologies are a vital part of a strong and sustainable waste management chain and are complementary to recycling.