Babcock & Wilcox, founded in 1867 by Stephen Wilcox and George Herman Babcock in Providence, Rhode Island, is a public energy company headquartered in Akron, Ohio. The company provides power generation equipment and services, including water-tube boilers, environmental systems, and steam solutions. With a mission to support a net-zero future, Babcock & Wilcox focuses on delivering clean power production technologies to meet the evolving demands of the global energy market.
Key figures include Chairman and CEO Kenny Young. Babcock & Wilcox is traded on the NYSE under the ticker BW and is a component of the Russell 2000. The company reported a revenue of $999 million in 2023 and employs approximately 2,250 people. Notable achievements include significant contributions to the energy transition through innovative clean-energy solutions, reinforcing its impact on the global push towards sustainability.
