Babcock & Wilcox

Last updated
Babcock & Wilcox Enterprises, Inc.
FormerlyThe Babcock & Wilcox Company
Type Public
NYSE:  BW
Russell 2000 Index component
Industry
  • Power
  • Industrial
Founded1867;156 years ago (1867) in Providence, Rhode Island
Founders
Headquarters,
United States
Area served
Worldwide
Key people
  • Kenny Young (CEO)
RevenueIncrease2.svg US$723 million  (2021)
Number of employees
2,100 (2020)
Website babcock.com

Babcock & Wilcox is an American energy technology and service provider that is active and has operations in many international markets across the globe with its headquarters in Akron, Ohio, USA. Historically, the company is best known for their steam boilers.

Contents

Background

The company was founded in 1867 in Providence, Rhode Island, by partners Stephen Wilcox and George Babcock to manufacture and market Wilcox's patented water-tube boiler. [1] B&W's list of innovations and firsts include the world's first installed utility boiler (1881); manufacture of boilers to power New York City's first subway (1902); first pulverized coal power plant (1918); design and manufacture of components for USS Nautilus, the world's first nuclear-powered submarine (1953–55); the first supercritical pressure coal-fired boiler (1957); design and supply of reactors for the first U.S. built nuclear-powered surface ship, NS Savannah (1961). [2]

History

The old B&W company logo, showing the world as an Aeolipile. Babcock Wilcox logo.png
The old B&W company logo, showing the world as an Aeolipile.

The company was founded in 1867 by Stephen Wilcox, Jr. and his partner George Herman Babcock with the intention of building safer steam boilers. Stephen Wilcox first avowed that “there must be a better way” to safely generate power, and he and George Babcock responded with the design for the first inherently safe water-tube boiler. B&W was the main builder of naval boilers for American forces during World War II, and were a supplier to the Manhattan Project. After the war they entered the nuclear reactor business, and became a major supplier for commercial nuclear power plants. They also built naval nuclear reactors, including for the first commercial nuclear ship. In 2000 the company filed for bankruptcy due to lawsuits from employees over asbestos exposure; they emerged from bankruptcy in 2006.

Babcock & Wilcox Co. works, Bayonne, New Jersey, circa 1919 Babcock & Wilcox Co - Works - Bayonne, New Jersey - circa 1919.jpeg
Babcock & Wilcox Co. works, Bayonne, New Jersey, circa 1919
1913 Babcock & Wilcox boiler section Babcock and Wilcox boiler, section (Heat Engines, 1913).jpg
1913 Babcock & Wilcox boiler section
Current logo without the "Babcock & Wilcox" text Babcock & Wilcox logo (uploaded 2019).svg
Current logo without the "Babcock & Wilcox" text

Football

The company had works association football teams which played at senior level in Scotland and the United States; Babcock & Wilcox F.C. reached the second round of the Scottish Cup on two occasions, and the American side was runner-up once in the American Cup.

See also

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References

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  2. 1 2 Steam/its generation and use, 41st Edition
  3. 1 2 "About B&W - History". Archived from the original on 1 April 2009. Retrieved 2009-04-01.
  4. Swett, Steven C. The Metalworkers. The Baltimore Museum of Industry. pp. 214–220. ISBN   978-0-578-28250-3.
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  6. نورایی. کارخانه قند کهریزک و اسناد نویافته. تاریخ روابط خارجی. 2007 Dec 22;33(8):32-90.
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  9. 1 2 "History". www.babcock.com. Retrieved 2017-09-11.
  10. "B&W Power Generation Group: Company History". Archived from the original on 2008-02-06. Retrieved 2009-04-01.
  11. Babcock & Wilcox, 77577 (NLRB1948).
  12. Livingston Shirt Corp., 107 NLRB 400 (1953).
  13. "Babcock & Wilcox Bankruptcy Reorganization Bar Date Notice and Claims Process Begins; Includes Apollo and Parks Township, Pennsylvania Nuclear Contamination And Radiation Claims". Archived from the original on 2016-03-13. Retrieved 2022-01-25.
  14. "McDermott Announces Bankruptcy Court Action on Babcock & Wilcox's Chapter 11 Plan of Reorganization". www.mcdermott-investors.com. Retrieved 2021-09-08.
  15. "Babcock & Wilcox restructures operations : Other News - World Nuclear News". www.world-nuclear-news.org. Retrieved 2021-09-08.
  16. Babcock & Wilcox plans modular reactor Archived June 15, 2011, at the Wayback Machine
  17. B&W unveils modular nuclear power design
  18. DiSavino, Scott (Jun 10, 2009). "McDermott B&W unit unveils small nuclear reactor". Reuters. Retrieved Jun 10, 2009.
  19. Katherine Ling and GreenWire (June 10, 2009). "Company Calls New Small Nuclear Reactor a 'Game Changer'". The New York Times . Retrieved June 10, 2009.
  20. Gentry, B.:, The News & Advance, May 12, 2010
  21. Peralta, Katherine (June 9, 2015). "Babcock & Wilcox approves spinoff, sets split date for July 1". The Charlotte Observer . Retrieved July 3, 2015.
  22. "The Babcock & Wilcox Company Begins Trading Today on the New York Stock Exchange". BUSINESS WIRE. Aug 2, 2010. Retrieved Aug 4, 2010.
  23. Downey, John (July 1, 2015). "Babcock & Wilcox completes spinoff; two independent companies begin public trading". Charlotte Business Journal . Retrieved July 2, 2015.