Babcock & Wilcox Renewable Awarded $58 Million Contract to Supply Advanced Waste-to-Energy Technology for Power Plant in Europe
B&W Renewable technology will be used to generate power for the equivalent of 95,000 homes and significantly reduce landfill methane emissions. The plant will divert 435,000 tons of non-recyclable waste from landfills annually.
Babcock & Wilcox (B&W) (NYSE: BW) announced today that its B&W Renewable segment has been awarded a contract for approximately $58 million to design and supply an advanced waste-to-energy boiler, combustion grate and other equipment for a waste-to-energy power plant in Europe.
B&W Renewable’s technologies, including its advanced DynaGrate® combustion grate, will help the plant operator divert 435,000 tons of non-recyclable waste from landfills, reducing methane emissions and providing renewable energy for the equivalent of 95,000 homes. The DynaGrate is ideally suited for waste-to-energy applications and features a high level of fuel flexibility, energy recovery and combustion efficiency, while also reducing emissions by destroying dioxins and furans, minimizing formation of nitrogen oxides and limiting unburned carbon.
“Diverting hundreds of thousands of tons of waste each year will significantly reduce the environmental impact of landfilled waste in this region, including from runoff and methane emissions,” said Jimmy Morgan, B&W Chief Operating Officer. “Waste-to-energy, biomass and renewable technologies are an important part of B&W’s business growth strategy, and we’re pursuing other significant renewable energy projects around the world.”
As the world looks to reduce greenhouse gas emissions and reliance on fossil fuels, waste-to-energy technology can play a key role in those efforts while providing renewable, baseload power. In Europe alone, 50 million tons of waste is converted into valuable energy, supplying 27 million residents with power and substantially reducing the need for landfills.