# Babcock & Wilcox receives full notice to proceed on $2.4B power generation project

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, to supply power to Applied Digital AI factory campuses.

- Type: Contract
- Announced: 2018-05-25
- Value: $2.40B
- Status: announced
- Capacity: 1.2 GW
- Products: natural gas boilers, steam turbine generators
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Babcock & Wilcox Enterprises, Inc.](https://endata.com/companies/32135.md)
- [Siemens Energy](https://endata.com/companies/6803.md) (supplier)
- [Applied Digital](https://endata.com/companies/16053.md) (customer)
- [Base Electron](https://endata.com/companies/32136.md) (customer)

## Sources

- [business.sherbrookerecord.com](https://business.sherbrookerecord.com/sherbrookerecord/article/bizwire-2026-3-4-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), 2018-05-25: "Babcock & Wilcox (B&W) (NYSE: BW) announced today that it has received full notice to proceed on a $2.4 billion design-build agreement with Base Electron, an independent power producer (“IPP”) backed by Applied Digital (NASDAQ: APLD), to deliver 1.2 gigawatts (GW) of new generation capacity."

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