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News Breaks
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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July 23, 2014
08:32 EDTBWCB&W Volund signs $80M contract
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July 16, 2014
08:34 EDTBWCBabcock & Wilcox awarded contract for DR coal-fired boiler project
The Babcock & Wilcox Company announced that its subsidiary, Babcock & Wilcox Power Generation Group, has been awarded a contract to design and manufacture two coal-fired boilers to be installed in the Punta Catalina Power Plant for Corporación Dominicana de Empresas Eléctricas Estatales in the Dominican Republic. The contract, booked in the second quarter of 2014, was awarded by Italian engineering and procurement contractor Tecnimont S.p.A, which is developing the project as part of a consortium which includes Tecnimont, Constructora Norberto Odebrecht S.A. and Ingeniera Estrella S.r.l. Project management and front-end engineering for the project are underway in B&W PGG’s U.S. operations. The project is scheduled to be completed October 2017.

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