Babcock & Wilcox Will Provide Advanced Hydrogen Production, Combustion and Decarbonization Technologies for Clean Energy Project in Ohio

Akron, Ohio–(business wire) — Babcock & Wilcox (B&W) (NYSE:BW) today announced that it has signed a teaming agreement with Newpoint Gas to serve as a foundational technology partner, and to redevelop the former Provided advanced hydrogen production, decarbonization and combustion technologies. US Department of Energy Portsmouth Gaseous Diffusion Plant site near Paiton, Ohio.

B&W will supply its Brightlooptm Will supply steam generators using technology to separate carbon dioxide and the company’s BrightGen to produce and store hydrogentm Hydrogen combustion technology to produce clean, near-zero emissions energy. Babcock & Wilcox Construction Co., LLC will provide construction and installation services.

Upon completion, $1.51 billion h2Trillium Energy & Manufacturing (H)2TEAM) complex will serve as an integrated energy decarbonized hydrogen and closed-loop manufacturing facility, generating clean hydrogen and capturing carbon dioxide for long-term storage or beneficial use.

“We look forward to working with Newpoint and its partners on this innovative and unprecedented clean energy project,” said Joe Buckler, B&W Senior Vice President of Clean Energy. “B&W is a global leader in the clean energy revolution, and we are excited to lend our expertise and game-changing technologies to the h2TEAM clean hydrogen and decarbonization project.”

“We appreciate the opportunity to develop Babcock & Wilcox and H.2team project. The addition of B&W builds momentum for this project and lays the foundation for visionary industries to come together and bring several hundred clean energy jobs to central Appalachia,” said Willie Rhodes, CEO of Newpoint Gas Ports. The re-industrialization of the facility presents not only a huge opportunity for the industry, but also the opportunity to become the most influential driver of economic growth and sustainability for the region in a generation.”

Newpoint has ATH . launched2 Regional Clean Hydrogen Hub Initiative in March 2022. B&W, Newpoint and other technology partners also intend to advance an $8 billion Department of Energy Hydrogen Hub grant (H2 Hub) to fund the project and additional development.

B&W’s flexible BrightLoop technology is part of its ClimateBrighttm The suite of clean energy technologies and usable feedstocks can accommodate a wide range of product outputs and applications. It can convert a wide range of fuels into multiple products, including natural gas, coal, petcoke, methane, biomass, biogas, and other industrial process off-gases and materials. The Brightloop system is highly scalable with benefits that can be applied to a wide range of industrial processes to produce hydrogen, syngas and steam for electricity, processes and heating.

B&W’s proven and reliable Brightgen hydrogen combustion technology No CO . does not generate2 and has already been supplied to more than 60 industrial water-tube boilers burning hydrogen and hydrogen-mixed fuels. BrightGen technology is applicable to new installations or can be retrofitted to existing equipment to ignite hydrogen efficiently and safely.

B&W. about

Headquartered in Akron, Ohio, Babcock & Wilcox Enterprises, Inc., is a global leader in energy and environmental technologies and services for the power and industrial markets. Follow us on Twitter @BabcockWilcox and learn more at www.babcock.com,

forward-looking statements

B&W cautions that this release contains forward-looking statements, including, without limitation, statements relating to a teaming agreement with Newpoint Gas to serve as a fundamental technology partner, and prior US Provides advanced hydrogen production, decarbonization and combustion technologies for redevelopment. Department of Energy’s Portsmouth Gaseous Diffusion Plant site near Pickton, Ohio. These forward-looking statements are based on management’s current expectations and involve a number of risks and uncertainties. For a more complete discussion of these risk factors, see our filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K. If one or more of these risks or other risks occur, actual results may differ materially from those expressed. We caution readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release, and we undertake no obligation to update or revise any forward-looking statements, except to the extent required by applicable law. do not take

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