Babcock & Wilcox publishes investor presentation outlining AI data center power strategy, $14 billion pipeline
BW•Pipeline and financial highlights
Babcock & Wilcox presented a 2026-2028 pipeline of over USD 14 billion and cited a USD 190 billion U.S. AI data center addressable market estimate.
It reported trailing 12-month revenue of USD 834.3 million, adjusted EBITDA of USD 63.8 million, and cash of USD 382.8 million versus total debt of USD 239.8 million.
Investor presentation outlines AI data center power strategy
Babcock & Wilcox outlined a push into behind-the-meter power for AI factories and data centers using gas-fired boiler and steam-turbine systems.
The company highlighted a USD 2.4 billion, 1.2 GW project for Base Electron near Center, North Dakota, with four 300 MW natural-gas boilers planned.
Siemens Energy is slated to supply steam turbine generator sets, and the architecture was described as carbon-capture-ready with potential to expand another 1.2 GW.
