Babcock & Wilcox publishes investor presentation on AI data center power solutions, coal and gas generation pipeline
BW•Base Electron natural gas steam project
The company highlighted a $2.4 billion, 1.2 GW natural gas steam project for Base Electron near Center, North Dakota. A conditional use permit was submitted in August 2026.
The project scope includes four 300 MW natural gas boilers, with Siemens Energy to supply steam turbine generator sets. The project also includes expansion potential for another 1.2 GW.
Recent financial results and capital structure
Babcock & Wilcox reported trailing 12-month revenue of $834.3 million ended June 30, 2026, adjusted EBITDA of $63.8 million, and a net loss from continuing operations of $75.1 million.
Its capital structure showed total debt of $239.8 million and cash and restricted cash of $382.8 million, or cash in excess of debt of about $143 million.
Investor presentation highlights AI data center power demand
Babcock & Wilcox outlined a growth push tied to rising AI data center power demand, citing a global 2026-2028 pipeline of over $14 billion.
