Base Electron authorizes $2.4B gas-fired steam power project for Applied Digital

Base Electron gave Babcock & Wilcox full notice to proceed on a $2.4 billion design-build agreement for 1.2 GW of gas-fired boiler and steam-turbine generation to supply Applied Digital AI campuses.

“Base Electron, an independent power producer founded by the Applied Digital team, has given Babcock & Wilcox full notice to proceed on a $2.4 billion design-build agreement for 1.2 gigawatts of generation: four 300-MW natural-gas-fired boilers with steam-turbine generators.”magica.com

• 1 source
• magica.comApplied Digital’s $2.4 billion steam-power bet for AI campuses | MagicaEditorial TeamSep 10, 2026

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