Formerly | The Babcock & Wilcox Company |
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Type | Public |
NYSE: BW Russell 2000 Index component | |
Industry |
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Founded | 1867Providence, Rhode Island | in
Founders | |
Headquarters | , United States |
Area served | Worldwide |
Key people |
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Revenue | US$723 million (2021) |
Number of employees | 2,100 (2020) |
Website | babcock |
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.
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]
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.
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.
Nuclear marine propulsion is propulsion of a ship or submarine with heat provided by a nuclear reactor. The power plant heats water to produce steam for a turbine used to turn the ship's propeller through a gearbox or through an electric generator and motor. Nuclear propulsion is used primarily within naval warships such as nuclear submarines and supercarriers. A small number of experimental civil nuclear ships have been built.
Point Lepreau Nuclear Generating Station is a nuclear power station located 2 km northeast of Point Lepreau, New Brunswick, Canada. The facility was constructed between 1975 and 1983 by NB Power, the provincially owned public utility.
BWX Technologies, Inc., headquartered in Lynchburg, Virginia is a supplier of nuclear components and fuel to the U.S. On July 1, 2015, BWX Technologies Inc. began trading separately from its former subsidiary Babcock & Wilcox Enterprises Inc. after a spinoff. Sandy Baker became CEO and Fees became chairman. The company had 2,500 employees in Lynchburg and 4,500 in total.
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Babcock International Group plc is a British aerospace, defence and nuclear engineering services company based in London, England. It specialises in managing complex assets and infrastructure. Although the company has civil contracts, its main business is with public bodies, particularly the United Kingdom's Ministry of Defence and Network Rail. The company has four operating sectors, with overseas operations based in Africa, North America, South America, Europe and Australia.
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Altrad Babcock Ltd is part of Altrad.
The B&W mPower was a proposed small modular reactor designed by Babcock & Wilcox, and to be built by Generation mPower LLC, a joint venture of Babcock & Wilcox and Bechtel. It was a Generation III+ integral pressurized water reactor concept.
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Hayle Power Station was a coal-fired power station situated at the mouth of the River Hayle, at Hayle in Cornwall, South West England.
Deutsche Babcock AG was a German manufacturing company based in Oberhausen in the Ruhr District, the center of the German economy. The company was established in 1898 as a German subsidiary of the British boilermaking company Babcock & Wilcox, Limited. In the beginning of the 20th century and the interwar period Deutsche Babcock expanded its business across the German Empire and the countries of Eastern Europe and, to a lesser extent, Scandinavian countries. Financial success and military conflicts between Germany and the United Kingdom led to de facto independence of Deutsche Babcock from its British parent, although the British owned the controlling interest in Deutsche Babcock until 1975.
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The Goldie & McCulloch Company Ltd. was a Canadian steam engine manufacturer based in Galt, Ontario. The company also manufactured woodworking machinery, industrial safes, French Burr millstones, boilers, turbine water wheels, bark mills and a variety of tannery machines. They primarily supplied the Canadian market, but the company had a strong export business to Mexico and South America.