Babcock & Wilcox Receives Limited Notice to Proceed to Supply CO2 Capture Technology for U.S. Power Plant

• Facility will utilize Babcock & Wilcox’s SolveBright™ solvent-flexible CO2-capture process
  
• Full notice to proceed anticipated in March 2026
  
• Baseload power demand is driving the need for power generation and environmental technologies

(AKRON, Ohio – December 8, 2025) – Babcock & Wilcox Enterprises, Inc. (NYSE: BW) announced today that it has received limited notice to proceed with engineering and long-lead procurement on a SolveBright™ post-combustion, regenerable solvent-based carbon dioxide (CO2) capture system for an existing power plant in the United States. The full notice to proceed is anticipated to be signed by March 2026, with an estimated value of $80 million and the potential for additional scope and construction services.

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B&W’s SolveBright system design will allow the use of both an advanced specialty solvent and widely available commodity solvents, providing significant operational flexibility and potential cost savings for the plant owner. The SolveBright solution will be capable of capturing and storing more than 550,000 tons of CO2 annually.

“We are excited to deliver our SolveBright carbon capture technology, that will capture CO2 for this U.S. baseload power generation facility,” said Jimmy Morgan, Chief Commercial Officer, Babcock & Wilcox. “B&W has an extensive history of providing flue gas treatment and scrubber technologies to the utility and industrial sectors. Now, with the rapid growth of data centers and AI factories in North America, we are well-positioned to leverage our flue gas treatment technologies to support energy producers who need solutions to capture CO2 for storage and beneficial use.”

“B&W’s diverse suite of power generation and environmental technologies allows us to help our customers with flexible, innovative power solutions, using a broad range of fuels, and we’re excited to play a key role in serving this emerging market,” Morgan added.

B&W can support small- or large-scale post-combustion carbon capture projects, from initial plant surveys and technology evaluation to plant commissioning and start-up.

About Babcock & Wilcox

Headquartered in Akron, Ohio, Babcock & Wilcox Enterprises, Inc. is a leader in energy and environmental products and services for power and industrial markets worldwide. Follow us on LinkedIn and learn more at babcock.com.