B&W Vølund Turns Over Waste-to-Energy Boiler to Customer in Sweden

Babcock & Wilcox Enterprises, Inc. ("B&W") (NYSE: BW) announced today
its subsidiary, Babcock & Wilcox Vølund A/S (Vølund), has successfully
turned over a waste-fired boiler for a combined heat and power plant to
its customer, Bodens Energi AB (BEAB), a municipally owned producer of
electricity and heat in Boden, Sweden.

Vølund delivered the waste-to-energy boiler, which features a DynaGrate^®
combustion grate system and thermal capacity of 35 megawatts, on
schedule. The boiler is capable of handling up to 13 tons of municipal
solid waste per hour and has been integrated into the existing Boden
plant, which was built by Vølund in 2008. The new Vølund unit replaces
an older oil-fired unit that will be placed on standby.

“Vølund is a global leader in waste and biomass-fired boiler and grate
technologies, with extensive knowledge and expertise that’s well-suited
for an important project such as this,” said B&W Chief Executive Officer
Kenneth Young. “We thank our valued customer, BEAB, for again choosing
Vølund boiler technology for its plant.”

When fully operational, the new line on the Boden plant will be able to
handle up to 135,000 tons of waste per year. The plant's annual oil
consumption will drop from 800 tons to 40 tons, and biofuels (including
peat) consumption will decrease from 15,300 tons to 1,500 tons. With the
new combined heating and power plant, electricity production will
increase from 26 gigawatt hours (GWh) to 66 GWh, and the plant's heating
production will remain at 330 GWh annually.

Vølund’s renewable energy steam generation technologies have been
installed in more than 500 units in 30 countries.

About B&W

Babcock & Wilcox is a global leader in energy and environmental
technologies and services for the power and industrial markets and has
been transforming our world for 152 years. Follow us on Twitter @BabcockWilcox
and learn more at www.babcock.com.

Forward-Looking Statements

B&W cautions that this release contains forward-looking statements,
including, without limitation, statements relating to the future
performance of one of our renewable energy projects. These
forward-looking statements are based on management’s current
expectations and involve a number of risks and uncertainties, including,
among other things, our ability to continue as a going concern; our
ability to obtain and maintain sufficient financing to provide liquidity
to meet our business objectives, surety bonds, letters of credit and
similar financing; the highly competitive nature of our businesses; our
ability to obtain all required shareholder and regulatory approvals for
portions of our financing transactions (including, among others, the
rights offering, last out term loan exchange and warrant issuance) that
remain to be completed in a timely manner; general economic and business
conditions, including changes in interest rates and currency exchange
rates; general developments in the industries in which we are involved;
cancellations of and adjustments to backlog and the resulting impact
from using backlog as an indicator of future earnings; our ability to
perform contracts on time and on budget, in accordance with the
schedules and terms established by the applicable contracts with
customers; failure by third-party subcontractors, partners or suppliers
to perform their obligations on time and as specified; our ability to
realize anticipated savings and operational benefits from our
restructuring plans, and other cost-savings initiatives; our ability to
successfully address remaining items and any warranty obligations within
our accrued estimated costs for our Vølund & Other Renewable segment;
our ability to successfully partner with third parties to win and
execute contracts within the Vølund & Other Renewable segment; changes
in our effective tax rate and tax positions, including any limitation on
our ability to use our net operating loss carryforwards and other tax
assets as a result of an "ownership change" under Section 382 of the
Internal Revenue Code; our ability to maintain operational support for
our information systems against service outages and data corruption, as
well as protection against cyber-based network security breaches and
theft of data; our ability to protect our intellectual property and
renew licenses to use intellectual property of third parties; our use of
the percentage-of-completion method to recognize revenue over time; our
ability to successfully manage research and development projects and
costs, including our efforts to successfully develop and commercialize
new technologies and products; the operating risks normally incident to
our lines of business, including professional liability, product
liability, warranty and other claims against us; changes in, or our
failure or inability to comply with, laws and government regulations;
actual or anticipated changes in governmental regulation, including
trade and tariff policies; difficulties we may encounter in obtaining
regulatory or other necessary permits or approvals; changes in, and
liabilities relating to, existing or future environmental regulatory
matters; changes in actuarial assumptions and market fluctuations that
affect our net pension liabilities and income; potential violations of
the Foreign Corrupt Practices Act; our ability to successfully compete
with current and future competitors; the loss of key personnel and the
continued availability of qualified personnel; our ability to negotiate
and maintain good relationships with labor unions; changes in pension
and medical expenses associated with our retirement benefit programs;
social, political, competitive and economic situations in foreign
countries where we do business or seek new business; the possibilities
of war, other armed conflicts or terrorist attacks; the willingness of
customers and suppliers to continue to do business with us on reasonable
terms and conditions as well as our ability to successfully consummate
strategic alternatives for non-core assets, if we determine to pursue
them; and our ability to maintain the listing of our common stock on the
NYSE. If one or more of these risks or other risks materialize, actual
results may vary materially from those expressed. For a more complete
discussion of these and other risk factors, see B&W’s filings with the
Securities and Exchange Commission, including our most recent annual
report on Form 10-K. B&W cautions not to place undue reliance on these
forward-looking statements, which speak only as of the date of this
release, and undertakes no obligation to update or revise any
forward-looking statement, except to the extent required by applicable
law.

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