Babcock & Wilcox is a global energy technologies provider offering steam generation systems, hydrogen and syngas production equipment, and environmental and decarbonization solutions across more than 90 countries. The company serves utilities, data centers, oil and gas operators, refineries, petrochemical facilities, and industrial manufacturers, generating revenue through fixed-price and cost-plus engineering contracts, as well as ongoing aftermarket parts and maintenance services from its extensive installed equipment base. B&W competes primarily on technical expertise, technological capabilities, brand reputation, and willingness to accept contract risks, with revenue driven by capital expenditures and maintenance spending at power generation, renewable energy, and industrial facilities subject to environmental regulations and climate change legislation.