The Babcock & Wilcox Company (B&W) (NYSE: BWC) announced today that its Babcock & Wilcox Power Generation Group, Inc. (B&W PGG) subsidiary has been selected to receive $2.8 million in financial assistance funding from the U.S. Department of Energy to study chemical formulations to improve the performance of its Regenerable Solvent Absorption Technology TM (RSAT) process solvent used to capture carbon dioxide (CO 2) from coal-fired power plants. The project will be managed by DOE’s National Energy Technology Laboratory under its Innovations for Existing Plants (IEP) Program. B&W will contribute $0.7 million in the form of in-kind research and development to the project, including research personnel and facility space, which will be conducted at the B&W Research Center in Barberton, Ohio. Project participants also include the University of Cincinnati and FirstEnergy Corp., which will act in an advisory role to provide input from a utility operator’s perspective. “B&W is in the process of optimizing our proprietary OptiCap TM solvent for CO 2 capture,” B&W Senior Vice President and Chief Technology Officer Don Langley said. “This DOE-funded project allows us to explore new options for improving the energy requirements for solvent regeneration, durability and other factors to make the OptiCap solvent an attractive option for post-combustion CO 2 capture.” At its Barberton research facility, B&W has developed and tested multiple technologies to capture CO 2 emissions from coal-fired power plants and combat global climate change. These technologies include the post-combustion RSAT process using OptiCap solvent and the oxy-coal combustion process. The facility has several RSAT process pilot systems and chemical analysis apparatus to allow for a full range of product development and testing. About B&W 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 .