Babcock & Wilcox rises after Denham deal to repurpose coal plants

ReutersSep 10, 2025 12:01 PM

Shares of energy tech company Babcock & Wilcox Enterprises BW.N rise ~8% to $2.17 premarket

BW strikes deal with Denham Capital to convert coal-fired plants in U.S. and Europe to supply power for rapidly expanding data centers

Partnership to convert coal plants into natural gas facilities for faster power supply

Babcock to supply engineering and technology, with Denham managing financing and project development

U.S. data centers are forecast to need 65 gigawatts of power between 2025 and 2028

Up to last close, BW stock up 22.5% YTD

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