# 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.

- Type: Investment
- Announced: 2026-09-10
- Where: United States
- Value: $2.40B
- Status: announced
- Capacity: 1.2 GW
- Products: gas-fired boilers, steam-turbine generators
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Base Electron](https://endata.com/companies/32136.md)
- [Siemens Energy](https://endata.com/companies/6803.md) (supplier)
- [Babcock & Wilcox](https://endata.com/companies/16052.md) (partner)
- [Applied Digital](https://endata.com/companies/16053.md) (customer)

## Sources

- [magica.com](https://magica.com/news/applied-digital-steam-power-north-dakota-ai-campuses), 2026-09-10: "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."

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