Babcock & Wilcox Enterprises Inc (B&W) is a global provider of energy and emissions control solutions. The company offers diversified energy and emissions control solutions to a wide range of customers, including industrial, electrical utility, municipal, and others. B&W advanced environmental and decarbonization technologies help to reduce greenhouse gases and other emissions and capture carbon.

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The company’s research and development (R&D) initiatives are focused on improving their products through innovations to reduce cost and enhance competitiveness. They also aim to reduce the performance risk of their products to meet customer expectations. In FY2025, the company incurred R&D expense of US$1.4 which decreased by 71.6% YoY. The decrease is primarily driven by less development activity due to the increased commercialization of BrightLoop technology.