What Diamond Power does

Diamond Power is the boiler cleaning division of Babcock & Wilcox Enterprises, Inc. (NYSE: BW), supplying soot blowers, cleaning systems, and associated equipment and services that maintain boiler efficiency and reliability across utility and industrial steam plants. The division operates as part of B&W's broader portfolio of steam generation and environmental technologies, which spans utility-scale boilers (subcritical, supercritical, ultra-supercritical, Stirling, Towerpak, CFB, BFB), combustion and fuel systems (pulverizers, low-NOx burners, FPS ignitors and flame scanners), and a comprehensive emissions control suite (wet FGD scrubbers, dry ESP/WESP, SCR, mercury and acid gas control). Underpinning the portfolio are proprietary decarbonization technologies marketed under the ClimateBright sub-brand, including BrightLoop chemical looping for hydrogen and carbon capture, SolveBright post-combustion CO2 scrubbing, OxyBright oxygen combustion, and BrightGen hydrogen combustion, alongside digital optimization layers such as FocalPoint and Flame Doctor.

The company generates revenue through direct enterprise field sales, supplemented by regional service centers in the United States and Mexico and Babcock & Wilcox Construction Co., LLC (BWCC) for field construction and maintenance. Pricing is project-based and not publicly disclosed; contracts are bespoke quotations tied to equipment specifications and service scope. Customer segments are entirely enterprise: electric utilities, pulp and paper mills, petrochemical and refining operators, waste-to-energy and biomass plants, cement, metals and mining, and an emerging AI data center vertical. The installed base exceeds 300,000 MW of generating capacity across approximately 60 countries, more than 5,000 ESP installations, 16,000 controls in 52 countries, and 165+ supercritical boilers. Recent strategic emphasis has shifted toward AI data center power generation (Applied Digital $2.4 billion 1GW NTP, May 2026) and decarbonization, funded in part by a May 2026 underwritten public equity offering of approximately $230 million.

Name

Diamond Power

Legal name

Babcock & Wilcox Enterprises, Inc.

Website

https://babcock.com

Company type

Public

Founded year

1867

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Diamond Power is Babcock & Wilcox's boiler cleaning division, supplying soot blowers, cleaning systems, and aftermarket services to electric utilities and industrial steam plant operators worldwide as part of B&W's broader steam generation and emissions control portfolio.

Ownership category

akta.pro rank

Product category

Industrial Boiler Cleaning Equipment

NAICS

Power Boiler and Heat Exchanger Manufacturing (33241)

SIC

Steam & Air-Conditioning Supply (4961)

akta.pro primary industry

Industrial Boilers, HRSGs & Steam Generators (IMAHAFAF)

akta.pro secondary industries

Steam Cleaning & Sanitization Equipment (IMAHALAE), Coal Ash & Byproducts Management (CCRs, Fly Ash, Bottom Ash, Gypsum) (EUACAAAI)

Keywords

• Boiler cleaning equipment
• Soot blower systems
• Steam generation solutions
• Emissions control technology
• Industrial boiler maintenance

Headquarters

HQ city

Lancaster

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Equipment Sales and Aftermarket Services: Babcock & Wilcox generates revenue through sale of steam generation equipment, aftermarket parts, construction services, and maintenance for power generation and industrial applications. The Diamond Power boiler cleaning line contributes to the broader portfolio of services and replacement parts.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Diamond Power specializes in boiler cleaning equipment and solutions for utilities and industrial boiler operators worldwide. The division offers comprehensive boiler cleaning solutions including soot blowers, cleaning systems, and associated equipment for maintaining boiler efficiency and reliability across utility and industrial applications. Products and services are delivered through B&W's direct enterprise field sales model alongside regional service centers in the United States and Mexico, complemented by parts, upgrades, construction, and field engineering support as part of B&W's broader steam generation and emissions control portfolio.

Product overview

Diamond Power (Babcock & Wilcox) offers an extensive portfolio of steam generation and emissions control technologies. The core offering includes utility-scale and industrial boilers (subcritical, supercritical, ultra-supercritical, Stirling, Towerpak, CFB, BFB), pulverizers, combustion systems (burners, ignitors, fuel systems), and comprehensive emissions control solutions (wet scrubbers/FGD, dry scrubbers, ESPs, SCR, mercury control, acid gas control). The company provides specialized decarbonization technologies including BrightLoop chemical looping, SolveBright carbon capture, OxyBright oxygen combustion, and BrightGen hydrogen combustion under the ClimateBright sub-brand. Services include parts/replacement, construction/installation, field engineering, condition assessment, turnaround services, and manufacturing through strategically located service centers. The company serves diverse industries including power generation, pulp and paper, waste-to-energy, biomass, petrochemical, cement, metals and mining, and increasingly AI data centers. Brands include B&W, FPS (Fossil Power Systems), Optimus, and Vølund.

Differentiator

Problem solved

Functional benefit

Brands

• BrightLoop™: Chemical looping technology for hydrogen production and carbon capture applications
• FPS®
• Roll Wheel™
• Optimus™ Engineered Products
• B&W Chanute
• ClimateBright™
• SolveBright™
• OxyBright™
• BrightGen™
• MillCare®
• FocalPoint™
• Flame Doctor®
• Vølund®

Products and services

• Diamond Power Boiler Cleaning Solutions

Quantifiable outcome

• Up to 99% SO2 removal efficiency with wet FGD systems
• +6 more outcomes

Named customers8 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature1 record

Partnerships

Eight partnerships are on record, tiered core and minor.

• Optimus Industries LLCcoreOEM/ Whitelabel/ Licensing Partner · 1 February 2022Babcock & Wilcox acquired Optimus Industries LLC together with its manufacturing facility in Chanute, Kansas. Optimus has 35-year history of designing and manufacturing custom-engineered technologies including HRSGs, package boilers, utility boiler pressure parts, and sulfuric acid plant boilers.
• Fossil Power Systems (FPS)coreOEM/ Whitelabel/ Licensing Partner · 1 February 2022Fossil Power Systems (FPS) became part of Babcock & Wilcox family in February 2022. FPS provides ignitors, flame scanners, valves, controls and level measurement equipment. B&W had served as FPS's exclusive U.S. supplier since 1987.
• Hamon Research-CottrellcoreTechnology or Integration · 1 January 2022B&W acquired certain assets of Hamon Research-Cottrell in 2022, becoming licensee of ExxonMobil wet gas scrubbing (WGS) technology and adding ESP expertise. Combined experience includes more than 5,000 ESP installations worldwide.
• TerraSparkminorStrategic or Co-development PartnerB&W announced collaboration with TerraSpark supporting its planned TerraSpark Energy Campus project in West Virginia. The project will include a 1.6-gigawatt coal-fired power plant, multi-industry campus, and Coal Innovation & Training Center for rare earth extraction and advanced materials initiatives.
• Applied DigitalcoreStrategic or Co-development PartnerB&W announced AI Data Center Power Generation Solution and signed LNTP (Limited Notice to Proceed) with Applied Digital to design and install 1GW of electric power for AI factory campuses. B&W received full notice to proceed on the $2.4 billion power generation project.
• State of West VirginiaminorOthersState of West Virginia agreed to provide $10 million for development of Babcock & Wilcox BrightLoop Hydrogen and Carbon Capture Project.
• ESANI (Greenland)minorChannel Partner/ Reseller/ DistributorB&W Renewable awarded contract with ESANI, Greenland's national waste management company, to deliver two waste-to-energy plants in Nuuk and Sisimiut.
• University of AkronminorStrategic or Co-development PartnerCEUs (Continuing Education Units) for B&W Skillmaster Series training seminars are offered through The University of Akron partnership.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• GE Vernova: Major power generation OEM with steam, gas, nuclear, and renewables portfolios. Overlaps with Diamond Power's parent in utility-scale steam generation and emissions control, though GE Vernova operates at significantly larger scale and broader scope.
• Mitsubishi Power: A broad incumbent in utility-scale steam generators, including supercritical boilers, gas turbines, and air quality control systems. Competes with B&W on large utility boiler projects and emissions control across multiple fuel types.
• Siemens Energy: Major power generation OEM with steam turbine, gas turbine, and grid solutions. Overlaps with B&W on combined-cycle and utility-scale power projects, with a much broader scope than Diamond Power's niche boiler cleaning focus.
• Wood Group (formerly Amec Foster Wheeler): Inherited Foster Wheeler's utility and industrial boiler business, providing steam generators and CFB technology. Competes with Diamond Power on utility-scale steam generation and aftermarket services in coal, biomass, and waste-to-energy.

Direct peers

• Hamon: Global supplier of heat transfer, emissions control, and cooling systems for power and process industries. Directly comparable to B&W's Hamon Research-Cottrell acquisition and overlapping in wet gas scrubbing, ESP, and boiler cleaning-adjacent technologies.
• Valmet: Leading supplier of recovery boilers, biomass boilers, and pulp & paper process equipment. Directly comparable to Diamond Power in chemical process recovery (PR) boilers and the pulp & paper segment where both companies have strong installed bases.
• Andritz: Supplies boilers, cleaning systems, and pulp & paper process equipment including recovery boilers. Directly comparable to Diamond Power in pulp & paper recovery boiler offerings and boiler cleaning technology used in black liquor applications.
• Sumitomo SHI FW (Sumitomo Heavy Industries): Supplies circulating fluidized-bed (CFB) boilers, waste-to-energy systems, and carbon capture solutions. Directly comparable to Diamond Power's CFB, waste-to-energy, and SolveBright carbon capture offerings.
• Clyde Bergemann (Clyde Industries): A direct competitor in soot blowers and boiler cleaning systems for power and industrial steam generators. Overlaps with Diamond Power on cleaning technologies, furnace cleaning, and ash handling for utility and industrial boilers worldwide.
• Doosan Enerbility (formerly Doosan Babcock): One of the closest direct peers in utility-scale boilers and steam generators, with comparable coal-fired and CFB technology offerings and a similar aftermarket services model. Competes head-to-head on utility boiler retrofits and emissions control.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/user/BabcockWilcoxCompany
• LinkedInlinkedin.com/company/diamond-power

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Diamond Power