The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that its Denmark-based subsidiary, Babcock & Wilcox Vølund A/S (B&W Vølund), has been awarded a contract worth more than $30 million to design and supply a boiler, combustion system, emissions control components and other equipment for the expansion of a waste-to-energy, combined heat and power plant in Lidköping, Sweden. The waste-to-energy plant, owned by Lidköping Värmeverk AB, produces electricity, hot water and district heating. “Municipalities in many European Union nations are looking for ways to reduce their environmental footprint, which includes disposing waste in an environmentally sound and efficient manner,” said B&W President and Chief Executive Officer Brandon C. Bethards. “B&W Vølund’s industry-leading waste-to-energy combustion and emissions control technologies are an ideal fit to meet the growing demand for turnkey waste-to-energy plants.” Engineering work is currently underway. The project is scheduled for completion in early 2013. B&W Vølund is one of the world's leading suppliers of equipment and technologies designed to convert household waste and biomass into thermal energy. About The Babcock & Wilcox Company Headquartered in Charlotte, N.C., The Babcock & Wilcox Company is a leader in clean energy technology and services, primarily for the nuclear, fossil and renewable power markets as well as a premier advanced technology and mission critical defense contractor. B&W has locations worldwide and employs approximately 12,000 people, in addition to approximately 10,000 joint venture employees. Learn more at www.babcock.com . Cautionary Statement Regarding Forward Looking Statements B&W cautions that this release contains forward-looking statements, including statements relating to the value, to the extent value may be viewed as an indicator of future revenues, scope and timing of the waste-to-energy contract. These forward-looking statements involve a number of risks and uncertainties, including, among other things, delays or other difficulties executing on our contracts in backlog and adverse changes affecting the renewable energy industry. If one or more of these or other risks materialize, actual results may vary materially from those expected. For a more complete discussion of these and other risk factors, please see B&W’s filings with the Securities and Exchange Commission, including its annual report on Form 10-K for the year ended December 31, 2010. B&W cautions not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, and undertakes no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.