Babcock & Wilcox Enterprises, Inc. Appoints Dr. Naomi Boness (Ph.D.) to Board of Directors

As Managing Director of the Natural Gas Initiative at Stanford University and Co-Managing Director of the Stanford Hydrogen Initiative, Dr. Boness brings extensive expertise in hydrogen and energy

Babcock & Wilcox Enterprises, Inc. (B&W) (NYSE: BW) announced today that Dr. Naomi Boness (Ph.D.) has been appointed to its Board of Directors, increasing the size of the Board to seven members.

Dr. Boness is the Managing Director of the Natural Gas Initiative at Stanford University and Co-Managing Director of the Stanford Hydrogen Initiative. An experienced energy sector expert, she is focused on using her background in reservoir geophysics and technoeconomic modeling to develop technology solutions related to natural gas, hydrogen and decarbonization. Dr. Boness also teaches classes in earth science and energy engineering.

“Dr. Boness has extensive technical acumen and knowledge of the field of hydrogen generation and her addition to B&W’s Board of Directors reinforces the critical role we anticipate hydrogen will play in B&W’s business in the coming years,” said B&W Chairman and Chief Executive Officer Kenneth Young. “The expertise and guidance Dr. Boness will provide as a member of our Board will be extremely valuable as we work with customers to develop commercial projects utilizing B&W’s BrightLoop™ hydrogen generation and carbon capture technology and our other ClimateBright™ decarbonization technologies.”

“Hydrogen generation and other clean energy technologies are a cornerstone of B&W’s growth strategy and we are taking significant steps toward their commercial deployment,” Young said. “B&W has a long history of technological innovation and industry-leading energy and environmental solutions, and we’re excited that Dr. Boness will provide her extensive experience and insight, helping us continue to play a leading role in the global clean energy revolution, while also remaining a trusted provider to the power and industrial customers we’ve served for many decades.”

Prior to Stanford, Dr. Boness held a variety of technical and management positions at Chevron.

Dr. Boness currently serves on the Board of Directors at Aemetis, a renewable fuels company, and is an advisor to a number of startups in the energy sector. Dr. Boness also is a member of the Renewable Natural Gas Coalition Advisory Committee; a member of the Partnership to Address Global Emissions Advisory Council; a member of the Open Hydrogen Initiative Independent Expert Panel; a past invited member of the United Nations Expert Group on Resource Classification; and a past Chair of the Society of Exploration Geophysicists Oil and Gas Reserves Committee.

As an advocate for women and gender equality, Dr. Boness is proud to be an Ambassador for the Women in Clean Energy, Education and Empowerment (C3E) Initiative.

Dr. Boness holds a Ph.D. in Geophysics from Stanford University, a master’s degree in Geological Sciences from Indiana University and a bachelor’s degree in Geophysics from the University of Leeds.

About Babcock & Wilcox

Headquartered in Akron, Ohio, Babcock & Wilcox Enterprises, Inc. is a leader in energy and environmental products and services for power and industrial markets worldwide. Follow us on LinkedIn and learn more at babcock.com.

Forward-Looking Statements

B&W cautions that this release contains forward-looking statements. These forward-looking statements are based on management’s current expectations and involve a number of risks and uncertainties. For a more complete discussion of these risk factors, see our filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K. If one or more of these risks or other risks materialize, actual results may vary materially from those expressed. We caution readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release, and we undertake no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.

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