# Babcock & Wilcox partners with Denham Capital for coal-to-gas conversions

Babcock & Wilcox announced a strategic partnership with private equity fund Denham Capital to convert coal plants to natural gas to power AI data centers across North America and Europe.

- Type: Partnership
- Announced: 2025-11-04
- Status: announced
- Products: coal-to-gas conversion services
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Babcock & Wilcox Vølund](https://endata.com/companies/6430.md) (partner)
- [Denham Capital](https://endata.com/companies/87194.md) (partner)

## Sources

- [babcock.com](https://www.babcock.com/home/about/corporate/news/babcock-and-wilcox-announces-ai-data-center-project-and-reports-third-quarter-2025-results), 2025-11-04: "Strategic partnership announced with private equity fund, Denham Capital, to convert coal plants to natural gas to power AI Data Centers across North America and Europe."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.