11:14 AM EDT, 06/03/2024 (MT Newswires) -- Babcock & Wilcox Enterprises ( BW ) said Monday that it received a limited notice to proceed from NorthStar Clean Energy to start working on a Bioenergy with Carbon Capture and Storage conversion of a former coal-fired power plant in Michigan using its biomass SolveBright post-combustion carbon dioxide capture technology.
The notice allows Babcock & Wilcox ( BW ) to begin detailed design and procurement work while the company finalizes the full contract with NorthStar Clean Energy, according to the statement.
Babcock & Wilcox ( BW ) expects to secure the full notice to proceed with the project in Q4, engineering, design and delivery of equipment for the facility conversion.
Price: 1.19, Change: +0.02, Percent Change: +1.71