Babcock & Wilcox Lands $2.4B, 1.2GW Power Project and Posts Q4 Profit
Babcock & Wilcox has received full notice to proceed on a $2.4 billion, 1.2-gigawatt power generation project for Base Electron to supply electricity to Applied Digital’s AI Factory campuses. The company also reported Q4 net income of $9.2 million (EPS $0.05) on $161 million revenue, reversing last year’s loss.
1. $2.4B Power Generation Project
Babcock & Wilcox received full notice to proceed on a $2.4 billion contract with Base Electron to build and operate a 1.2 gigawatt power generation facility designed to supply electricity to Applied Digital’s AI Factory campuses, significantly expanding its project backlog.
2. Fourth Quarter Financial Results
In Q4, the company reported net income of $9.2 million, or $0.05 per share, on revenue of $161 million, marking a turnaround from a loss in the same period last year driven by improved equipment sales and service margins.