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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InBabcock & Wilcox (B&W) has received a full notice to proceed on a massive $2.4 billion agreement with Base Electron. The project is set to deliver 1.2 gigawatts of new power generation capacity to support the growing energy demands of the artificial intelligence sector. Specifically, the generated power will supply the AI factory campuses operated by Applied Digital. This contract represents a significant milestone for B&W, substantially boosting its revenue backlog and strengthening its market position. The deal highlights the critical link between the rapid expansion of AI and the urgent need for robust energy infrastructure. Investors view this development as a bullish signal for both B&W and Applied Digital as they scale their infrastructure operations.