ON THE MOVE

Engineering company adds

manager for Northeast Ohio

CTL Engineering Inc. added Greg Kronstain as Northeast Ohio regional manager of transportation services, construction administration and construction inspection.

COMPANIES

Babcock & Wilcox closes

its sale of two businesses

Babcock & Wilcox Enterprises Inc. has closed on the sale of its MEGTEC and Universal businesses to German manufacturer and engineering firm Dürr AG for $130 million.

The final price is subject to adjustment, the Barberton company said. B&W earlier this year announced it was selling the two non-core holdings, both of which are based in Wisconsin, to Dürr.

Sale proceeds will be used to reduce debt, improve the balance sheet and improve financial flexibility, B&W said.

MEGTEC supplies environmental control technologies, engineered products, dryers, ovens and more for industrial customers, while Universal provides custom-engineered ancillary equipment and more for the power generation, oil and gas, industrial processing, rail transportation and backup power markets.

With the sale complete, B&W said it will focus on its portfolio of equipment, technology and services for fossil fuel power generation and industrial applications. The company in 2019 will move its headquarters and offices from Barberton to Akron.

ENERGY

Lobby group set to launch

bid to keep nuclear plants

The Ohio Clean Energy Jobs Alliance has been created to lobby to keep open the Davis-Besse and Perry nuclear plants in northern Ohio.

The group, which is supported by power plant owner FirstEnergy Solutions Inc., is made up of government, business and labor leaders, according to a news release.

The organization will host its kickoff news conference at 10 a.m. Wednesday in the Ohio Statehouse Ladies Gallery in Columbus.

FirstEnergy Solutions has said it plans to shut down Davis-Besse in 2020, Perry in 2021, and the two nuclear reactors at its Shippingport, Pa., Beaver Valley facility also in 2021, unless the government intervenes.

FirstEnergy Solutions, the unregulated arm of FirstEnergy Corp. that filed for Chapter 11 bankruptcy this year, has argued in part the nuclear plants need to remain viable to keep the electric grid stable.

The Ohio Clean Energy Jobs Alliance said it will engage legislators, policymakers and the public and advocate to preserve “the jobs, economic impact, carbon-free energy and grid reliability” provided by the nuclear plants.

EDUCATION

New online tool connects

Ohio companies, educators

The Ohio Department of Higher Education has created a new tool, www.ohioinnovationexchange.org, to connect industry leaders with academic minds and resources from across the state, The Columbus Dispatch reported.

The online portal, which cost nearly $1.5 million to create, puts information from Ohio colleges into a single searchable database. Businesses can find experts, potential collaborators and industry liaisons, and explore an institution’s research publications, patents and equipment.