Babcock & Wilcox’s (B&W) thermal business segment has entered into an agreement to convert a coal power plant in North America to natural gas, the company announced in a March 18 press release.
Valued at approximately $246 million, the agreement provides B&W with a limited notice to proceed for the coal-to-natural gas project. Notice to proceed for the full contract is expected in fourth quarter 2024.
B&W will convert the plant’s 1,000-megawatt two coal-fired boilers to natural gas by designing and installing burners, air systems, fans and other equipment.
“Utilities across North America and throughout the world are evaluating options to extend the life of their thermal power generating assets,” said Chris Riker, senior vice president of B&W Thermal. “Replacing coal or oil with cleaner-burning fuels like natural gas, biofuels or hydrogen is often a cost-effective way for plant owners to lower emissions while maintaining reliable power generation capacity.”
Riker said B&W’s field construction experience and its subsidiary Babcock and Wilcox FPS Inc.’s specialized combustion equipment make B&W ideally suited for large fuel-switching projects.
The Babcock & Wilcox Co. will begin engineering and design work with support from FPS under the limited notice to proceed. Babcock & Wilcox Construction Co. LLC will begin the project’s construction under an intercompany agreement when a full notice to proceed is received.
Recommended Reading
Chesapeake, Awaiting FTC's OK, Plots Southwestern Integration
2024-04-01 - While the Federal Trade Commission reviews Chesapeake Energy's $7.4 billion deal for Southwestern Energy, the two companies are already aligning organizational design, work practices and processes and data infrastructure while waiting for federal approvals, COO Josh Viets told Hart Energy.
Exclusive: Sabine CEO says 'Anything's Possible' on Haynesville M&A
2024-04-09 - Sabine Oil & Gas CEO Carl Isaac said it will be interesting to see what transpires with Chevron’s 72,000-net-acre Haynesville property that the company may sell.
Exclusive: Liberty CEO Says World Needs to Get 'Energy Sober'
2024-04-02 - More money for the energy transition isn’t meaningfully moving how energy is being produced and fossile fuels will continue to dominate, Liberty Energy Chairman and CEO Christ Wright said.
Exclusive: Chevron New Energies' Bayou Bend Strengthens CCUS Growth
2024-02-21 - In this Hart Energy LIVE Exclusive interview, Chris Powers, Chevron New Energies' vice president of CCUS, gives an overview of the company's CCS/CCUS activity and talks about the potential and challenges of it onshore-offshore Bayou Bend project.
Exclusive: As AI Evolves, Energy Evolving With It
2024-02-22 - In this Hart Energy LIVE Exclusive interview, Hart Energy's Jordan Blum asks 4cast's COO Andrew Muñoz about how AI is changing the energy industry—especially in the oilfield.