Market Volatility and Demand Fluctuations: Changes in energy policy, economic conditions, or shifts in customer preferences for power generation technologies (e.g., away from fossil fuels) could reduce demand for BW's products and services.

Project Execution and Cost Overruns: Large, complex engineering and construction projects carry inherent risks of delays, cost overruns, and performance issues, which can negatively impact profitability and reputation.

Regulatory and Environmental Compliance: BW operates in highly regulated industries. Failure to comply with evolving environmental standards, safety regulations, or licensing requirements could result in fines, operational shutdowns, or loss of contracts.