News in the ‘Babcock Power Inc.’ Category

Struthers Wells to Provide Heat Exchangers for Oklahoma Refinery

September 21, 2010

Houston, TX – Struthers Wells, a division of Thermal Engineering International (USA) Inc. (TEi), a Babcock Power Inc. company with offices located in Houston, TX and Warren, PA, has received an order from Mustang Engineering for a vertical Shell & Tube Heat Exchanger to function in a Waste Heat (flue gas) Steam Generator application, to […]


Babcock Power Announces New Three-Year Credit Agreement

June 10, 2010

Danvers, MA – Babcock Power Inc. (BPI), a privately held Delaware corporation, announced today that it has executed an agreement for a new $290 million, three-year senior secured revolving credit facility with Bank of America. The new facility will replace two existing credit facilities, and increase BPI’s borrowing capacity by $95 million. This financial facility […]


Babcock Power adds R. Brandon Donahue to Executive Team

December 7, 2009

Danvers, MA – Babcock Power Inc. (BPI), located in Danvers, MA, announced today that R. Brandon Donahue will be joining Babcock Power as Senior Vice President and Chief Operating Officer of Babcock Power Sales Inc., and President and Chief Executive Officer of Babcock Power International Inc., reporting to Michael D. LeClair, President and CEO, BPI. […]


Babcock Power Inc. Names Stephen Kapsalis as Chief Operating Officer

July 21, 2009

Danvers, MA – Babcock Power Inc., based in Danvers, MA, announced today that Stephen Kapsalis will be joining Babcock Power Inc. as the company’s Chief Operating Officer. In this role, he will report to Michael LeClair, President and CEO of Babcock Power Inc. Mr. Kapsalis most recently served as the President and Chief Executive Officer […]


Babcock Power Names Michael D. LeClair as President and CEO

June 22, 2009

Danvers, MA – Babcock Power Inc. (BPI), based in Danvers, MA, announced today that Michael D. LeClair has been selected by the company’s Board of Directors to serve as the new President and Chief Executive Officer of Babcock Power Inc., effective June 22, 2009. He succeeds Jim Wood, who after seven years leading Babcock Power […]


Babcock Power RSCR® Reduces Vermont Air Emissions

April 21, 2009

Danvers, MA – Babcock Power Environmental Inc. (BPE), located in Worcester, MA, a subsidiary of Babcock Power Inc., based in Danvers, MA, announced today that its Regenerative Selective Catalytic Reduction (RSCR®) system installed at theJC McNeil Generating Station in Burlington, VT, has completed the first full quarter-year of operation and reduced average NOx levels to […]


Babcock Power & ThermoEnergy Form New Company to Develop and Commercialize A New Clean Coal Carbon Capture Technology

February 26, 2009

Danvers, MA – Babcock Power Inc. of Danvers, Massachusetts and ThermoEnergy Corporation (“ThermoEnergy” – OTCBB-TMEN), announce the formation of a limited liability company to be called Babcock-Thermo Carbon Capture LLC, to develop and commercialize a new and advanced carbon capture power plant design. Since joining forces in April of 2008, the two companies have worked […]


Babcock Power & ThermoEnergy Join Forces To Develop Advanced Carbon Capture Power Plant

April 29, 2008

Danvers, MA – Babcock Power Inc. of Danvers, Massachusetts and ThermoEnergy Corporation (“ThermoEnergy”, OTCBB – TMEN), announce the signing of a Memorandum of Understanding as a prelude to the formation of a joint effort to commercialize the Company’s zero air emission power plant design called ThermoEnergy Integrated Power System (“TIPS”). Based on pressurized oxy-fuel combustion […]


Babcock Power Announces New Accounts Receivable Securitization Facility

January 17, 2008

Danvers, MA – Babcock Power Inc. (BPI), a privately held Delaware corporation, announced today that it has executed an agreement for a new $100 million three year accounts receivable securitization. The new securitization will augment its existing credit facility and increase BPI’s borrowing capacity to $195 million. This new facility further demonstrates BPI’s continued growing […]