Babcock & Wilcox rises after Denham deal to repurpose coal plants

Babcock & Wilcox Enterprises

10/09/2025 13:01

** 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

 (Reporting by Pranav Mathur in Bengaluru)

 ((Pranav.Mathur@thomsonreuters.com;))