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Babcock & Wilcox announced it has secured full notice to proceed on a $2.4 billion design-build agreement with Base Electron, an independent power producer backed by Applied Digital.
The project will provide 1.2 gigawatts of new electricity generation capacity, signaling a major step forward in Babcock & Wilcox's expansion in the power sector. The agreement underscores growing demand for large-scale energy infrastructure deliveries amid shifting market dynamics.