Babcock & Wilcox (B&W) (NYSE: BW) announced today that its B&W Thermal business segment has been awarded a contract valued at approximately $13 million to retrofit boiler cleaning equipment for a power plant in Southeast Asia.

B&W Thermal’s scope includes equipment design and supply, installation, integration and commissioning of its Diamond Power® boiler cleaning equipment, including retractable and standard HydroJet® boiler cleaning systems, sootblowers, and a Titanium® advanced intelligent boiler cleaning control system.

The customer selected B&W’s advanced boiler cleaning technology to help achieve its objectives of enabling the plant to maintain stable, full-capacity power generation, improving operational efficiency, reducing coal consumption, and lowering associated carbon emissions.

“B&W Thermal has a broad range of Diamond Power boiler cleaning technologies, cameras and monitoring equipment, replacement parts, sootblowing equipment and more that can help plant owners improve the performance and longevity of their coal-fired power assets,” said Chris Riker, B&W Executive Vice President and Chief Operating Officer. “B&W’s technologies are proven solutions for boiler cleaning, environmental and efficiency improvements and can be tailored to meet each plant’s needs based on fuel type and other factors.”

“Our dedicated Philippines Service Center team allows us to work closely with our customers throughout Southeast Asia,” Riker said. “We’ve successfully designed and installed similar boiler cleaning and sootblower upgrade solutions to customers throughout the region, and we’re excited about the opportunity to once again serve this important market.”

The project is currently underway and anticipated to complete in the first quarter of 2026.

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.

Forward-Looking Statements

B&W cautions that this release contains forward-looking statements in connection with a boiler equipment cleaning and installation contract in Southeast Asia. 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 materialize, actual results may vary 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 statement, except to the extent required by applicable law.

Investor Contact: Investor Relations Babcock & Wilcox 704.625.4944 investors@babcock.com

Media Contact: Ryan Cornell Public Relations Babcock & Wilcox 330.860.1345 rscornell@babcock.com

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