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Babcock & Wilcox has teamed up with Denham Capital to convert former coal-fired power plants into natural gas facilities aimed at powering data centers across the U.S. and Europe. This partnership leverages Denham's expertise in large-scale power plant operations and B&W's conversion technology.

As data centers demand unprecedented energy supply, natural gas emerges as a cost-effective solution for this sector. Denham is set to launch a dedicated portfolio company for these projects, although specific timelines have yet to be disclosed.