Babcock & Wilcox Company

Babcock & Wilcox has sold its Allen‑Sherman‑Hoff business to a subsidiary of ANDRITZ for $29 million. As part of the transaction, distribution agreements were signed allowing Babcock & Wilcox to continue marketing A‑S‑H products and services to power utilities. The company says the sale is intended to reduce debt and strengthen the balance sheet while it focuses on its core energy and environmental technologies businesses. » Más en de.investing.com

Babcock & Wilcox has signed a preliminary contract worth more than $1.5 billion to deliver a total of 1 gigawatt of capacity for an AI data center owned by Applied Digital. The plan calls for four gas‑fired power plants of 300 MW each, equipped with boilers and steam turbines; the facility is scheduled to enter service in 2028, and full contract approval is expected in Q1 2026. B&W highlights shorter commissioning times versus alternatives and also expects to finalize a spare parts and service agreement for the facility. » Más en de.investing.com