Babcock & Wilcox Enterprises, Inc., based in Akron, Ohio, has announced the sale of its Diamond Power International business in Lancaster, Ohio, to Austria-based Andritz for $177 million. The deal, set to close in approximately 30 days, includes the transfer of about 400 employees to Andritz. B&W's Chairman and CEO, Kenneth Young, expressed confidence in the company's performance in 2025, highlighting strong bookings and backlog in parts and services, as well as in thermal projects across North America. The sale of Diamond Power, with annual revenues of around $110 million, is seen as transformational, positioning B&W to leverage its core businesses effectively going forward. Young also emphasized the company's readiness to pursue new opportunities in gas conversions, plant upgrades, data center projects, and BrightLoop™ technologies for hydrogen production. The innovative technology is designed to offer low-cost hydrogen and steam generation while capturing CO2, showcasing B&W's commitment to technological advancement. Christopher Riker, B&W's Executive Vice President, expressed gratitude to Diamond Power employees and anticipated a smooth transition with Andritz, highlighting the continued collaboration in boiler cleaning solutions. The sale reflects Babcock & Wilcox's strategic focus on strengthening its position in the energy sector and leveraging innovative solutions for future growth.