Babcock & Wilcox Enterprises, Inc. is a global provider of energy and environmental technologies and services for the power and industrial markets. The company operates through three primary segments: B&W Thermal, B&W Environmental, and B&W Renewable. The B&W Thermal segment, which accounted for approximately 69% of the company's $717.3 million total revenue in 2024, provides steam generation equipment, aftermarket parts, construction, maintenance, and field services for power generation, oil and gas, and industrial plants. The B&W Environmental segment (around 15% of revenue) offers a full suite of emissions control and environmental technology solutions, including cooling systems, ash handling, and particulate control measures. The B&W Renewable segment focuses on environmentally sustainable power and heat generation, featuring technologies like waste-to-energy systems, biomass-to-energy, and the proprietary BrightLoop hydrogen generation technology. Geographically, the company generates the majority of its revenue in the United States, with additional operations in Canada, Europe, and parts of Asia. B&W's competitive position is anchored by its extensive installed base of equipment and over 150 years of engineering expertise, allowing it to capitalize on the growing demand for clean energy transitions, decarbonization, and baseload power generation.
