Babcock & Wilcox Won Over $7M Contract to Upgrade Renewable Energy Boilers in Southeast Asia
Portfolio Pulse from Benzinga Newsdesk
Babcock & Wilcox (B&W) has secured a contract exceeding $7 million to upgrade waste-fueled boilers and combustion equipment at a waste-to-energy plant in Southeast Asia, following a successful FEED study by its subsidiary B&W Renewable Service.
April 15, 2024 | 10:33 am
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POSITIVE IMPACT
Babcock & Wilcox's new contract for over $7 million to upgrade waste-to-energy boilers in Southeast Asia highlights its growing presence in the renewable energy sector.
Securing a contract of this magnitude not only boosts B&W's revenue but also strengthens its position in the renewable energy market, particularly in Southeast Asia. This could lead to increased investor confidence and potentially a positive short-term impact on its stock price, given the growing investor interest in renewable energy projects.
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