# Babcock & Wilcox receives full notice to proceed on $2.4B power project for Base Electron

Babcock & Wilcox received full notice to proceed on a $2.4 billion design-build agreement with Base Electron to deliver 1.2 GW of new generation capacity using four 300-MW natural gas boilers and steam turbine generators. Siemens Energy will supply the steam turbine generator sets.

- Type: Contract
- Announced: 2026-03-04
- Value: $2.40B
- Status: announced
- Capacity: 1.2 GW
- Products: natural gas-fired boilers, steam turbine generators
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Babcock & Wilcox Vølund](https://endata.com/companies/6430.md)
- [Siemens Energy](https://endata.com/companies/6803.md) (supplier)
- [Applied Digital](https://endata.com/companies/16053.md) (investor)
- [Base Electron](https://endata.com/companies/32136.md) (customer)

## Sources

- [babcock.com](https://www.babcock.com/home/about/corporate/news/babcock-and-wilcox-receives-full-notice-to-proceed-on-24-billion-power-generation-project-for-base-electron-to-supply-power-to-applied-digital-ai-factory-campuses), 2026-03-04: "Receiving full notice to proceed for this $2.4 billion project further underscores the strategic role B&W plays in supporting the rapidly expanding power needs of large‑scale AI data centers"
- [longbridge.com](https://longbridge.com/en/news/277771971), 2026-03-04: "Receiving full notice to proceed for this $2.4 billion project further underscores the strategic role B&W plays in supporting the rapidly expanding power needs of large‑scale AI data centers"

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