The joint effort between Babcock & Wilcox Enterprises, Inc. and Denham Capital’s Sustainable Infrastructure involves significant investments in converting coal-fired plants into cleaner, natural gas-based facilities. This transition to natural gas is crucial in meeting the rising electricity demands of data centers until renewable energy sources can fully accommodate the growing need for power.
The partnership leverages Denham Capital’s expertise in developing and managing large-scale power plants globally, combined with Babcock & Wilcox’s proficiency in coal power generation and conversions. Together, they aim to create sustainable infrastructure that caters to the data center industry’s need for reliable, adaptable, and cost-effective power solutions.
Justin DeAngelis of Denham Capital highlighted the urgent need for robust power generation solutions for data centers. Through this collaboration, they aim to address market demands more efficiently and expedite the time-to-power for developers.
Denham Capital also announced the establishment of a dedicated portfolio company focused on delivering reliable and cost-effective power solutions. This new entity will work on optimizing existing energy fleets and enhancing their quality and security through decarbonization initiatives.
Chairman and CEO of Babcock & Wilcox, Kenneth Young, emphasized the importance of leveraging combined expertise and technologies to provide affordable solutions in response to the increased power generation needs driven by the rise of AI and data centers.
With its experience in combustion and environmental technology solutions, Babcock & Wilcox is well-equipped to manage significant power generation upgrades and fuel transformation operations, ensuring sustainable maintenance services for these systems in the long run.
