Babcock & Wilcox Enterprises, Inc. has signed a strategic partnership agreement with Denham Capital’s Sustainable Infrastructure arm to jointly pursue opportunities to generate power to support the increased demand from data centres in the USA and Europe. This will include technologies for coal power generation, conversion of coal plants to natural gas and back-end environmental technology.
Through the partnership, “substantial investments” will be made to convert coal-fired power plants to natural gas, a “crucial bridge for the clean energy transition,” says B&W, noting that “natural gas offers cost-effective and rapid deployment to support the development of data centres until renewables can match the pace of electricity demand growth.”
Justin DeAngelis, Global Head of Sustainable Infrastructure at Denham Capital, commented: “Data centres have created an unprecedented and immediate demand for power generation, the likes of which we have not seen in nearly two decades. Time-to-power is a key focal point for data centre developers and hyperscalers, and this partnership is one differentiated tool we are looking to utilise to meet market needs.”
