Babcock & Wilcox Secures Contract for Waste-to-Energy Plant in Alberta, Focusing on Carbon Capture
Portfolio Pulse from Benzinga Newsdesk
Babcock & Wilcox (NYSE:BW) has secured a contract for engineering and design work on a waste-to-energy plant in Alberta, Canada, focusing on carbon capture technology.
September 05, 2024 | 10:32 am
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POSITIVE IMPACT
Babcock & Wilcox has been awarded a contract for a waste-to-energy plant in Alberta, focusing on carbon capture. This project enhances BW's position in the clean energy sector.
The contract win for a waste-to-energy plant with carbon capture in Alberta is a significant development for Babcock & Wilcox. It highlights the company's capabilities in clean energy technologies and could lead to further opportunities in this growing sector. The news is likely to positively impact BW's stock price in the short term as it strengthens its market position.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100