Babcock & Wilcox Enterprises, Inc. has finalized the sale of the majority of the assets of its Denmark-based Babcock & Wilcox A/S subsidiary to Kanadevia Inova Denmark A/S for $20 million. This transaction includes the sale of technologies like the DynaGrate combustion grate and other waste-to-energy combustion technologies. Kanadevia Inova, known for its global leadership in greentech solutions, will now take over ongoing projects in Europe and integrate around 50 employees from Denmark. Babcock & Wilcox plans to utilize a portion of the proceeds from this sale to support its BrightLoop hydrogen production and carbon capture facility in Massillon, Ohio. The company's objective is to use the remaining funds to pay off existing debt and for future working capital needs. While the sale signifies a strategic move to streamline operations, B&W remains dedicated to serving the waste-to-energy market in North America. Kenneth Young, Chairman, and CEO of B&W, expressed enthusiasm about the BrightLoop project in Ohio, highlighting the collaboration with Kanadevia Inova for potential waste-to-energy ventures in North America. The company's focus on energy and environmental products for power and industrial markets remains intact, positioning them as key players in the industry.