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Stock Market & Financial Investment News

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February 13, 2013
08:32 EDTBWCBabcock & Wilcox awarded contract for U.K. waste-to-energy plant
Babcock & Wilcox's Denmark-based subsidiary, Babcock & Wilcox VÝlund A/S, and consortium partner Interserve Plc. were awarded a contract worth approximately $100M to design and build a waste-to-energy power plant for waste management firm Viridor in Peterborough, U.K. B&W VÝlund will engineer and deliver the plantís electromechanical supplies and other equipment. Interserve will provide construction and project management services.
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April 14, 2014
08:40 EDTBWCB&W announces restructuring of Small Modular Reactor program
Babcock & Wilcox is announcing plans to restructure its mPower Small Modular Reactor program to focus on technology development. B&W continues to believe in the strength of the mPower technology, but without the ability to secure significant additional investors or customer Engineering, Procurement and Construction contracts to provide the financial support necessary to develop and deploy mPower reactors, the current development pace will be slowed. B&W notified the U.S. Department of Energy of its plans for reduced spending, indicating it would work with the DOE and other stakeholders during the next one to two months to confirm the best path to develop a mutually agreeable plan including program milestones for continuing the cost-shared industry partnership program. B&W expects to invest up to $15M annually, beginning in 3Q14.

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