Babcock & Wilcox Enterprises, Inc. (B&W; Charlotte, N.C.; www.babcock.com), announced today that its subsidiary, Babcock & Wilcox SPIG, Inc. (B&W SPIG), was awarded three major contracts totaling more than $60 million in the first quarter of 2017 to design and supply dry cooling systems for U.S. companies.
Under the contracts, B&W SPIG will supply five low-noise air-cooled condensers and one air-cooled heat exchanger, also known as an air fin cooler, to users in the U.S.
Both of these types of B&W SPIG dry cooling systems features highly efficient, state-of-the-art designs that are custom engineered for high performance and reduced site construction costs. Dry cooling systems are typically used in process industries such as oil and gas, petrochemical and chemical processing, and in electric power plants and waste-to-energy plants.
Work is underway on all three projects, with equipment deliveries scheduled for dates in 2017 and 2018.
B&W acquired SPIG S.p.A., a global provider of custom-engineered cooling systems and services, in July 2016. The acquisition further expanded the range of technologies and services B&W provides its industrial and power generation customers, while also providing B&W SPIG with additional opportunities to grow its global footprint, including in the U.S.