Trending...
- Bruce C. Barnes Joins Summit's Board of Advisors
- Why Philadelphia Homeowners Should Ditch Oil for Natural Gas
- Tami Goveia Enters FabOver40, Inspiring Hollywood Legacy for Breast Cancer Cause
AKRON, Ohio--(BUSINESS WIRE)--Babcock & Wilcox (B&W) (NYSE: BW) announced today that it has signed a cooperation agreement with Dallas-based Applied Blockchain, Inc. (Applied Blockchain) (PINK: APLD) to identify and explore opportunities to develop, supply, construct and operate baseload power and clean energy projects in the next three years to support cryptocurrency mining operations.
These projects could result in up to 1.5 gigawatts of electrical generation capacity and will be a platform for using B&W's solutions such as renewable waste-to-energy, BrightLoopTM carbon capture and hydrogen production, solar generation and long-duration energy storage to provide baseload power and clean energy to support Applied Blockchain's power needs in North America.
"The global demand for cryptocurrency mining has been growing substantially and we're excited to play a key role in helping our partner, Applied Blockchain, develop the infrastructure necessary to power this technological revolution in a sustainable and economic way," said B&W Vice President, Corporate Development & Investor Relations, Megan Wilson. "Clean energy technologies, including solar, hydrogen and long-term energy storage, will play a pivotal role in providing the electrical capacity needed to power cryptocurrency mining, and B&W is well-positioned to be a solutions provider to support this growing need."
"B&W has more than 150 years of experience in the U.S. energy industry providing innovative solutions to meet customers' unique power needs, making us well-positioned to develop these types of projects for diverse and novel energy users," Wilson said. "Applied Blockchain is a dynamic, forward-thinking company and we're excited to team with them to pursue multiple clean energy and baseload power projects."
More on Ohio Pen
B&W's clean energy capabilities include its ClimateBrightTM suite of decarbonization technologies – including BrightLoop, which can use multiple fuels to produce clean hydrogen – as well as waste- and biomass-to-energy technologies and solar installation services. In addition, B&W industry-leading thermal energy generation and environmental technologies round out a diverse and flexible array of options to power cryptocurrency mining using virtually any fuel.
About Babcock & Wilcox
Headquartered in Akron, Ohio, Babcock & Wilcox Enterprises is a leader in energy and environmental products and services for power and industrial markets worldwide. Follow us on LinkedIn and learn more at babcock.com.
About Applied Blockchain
Applied Blockchain, Inc. (PINK: APLD) is a leading provider in the growth and development of Blockchain Infrastructure by delivering high-performance crypto mining, hosting, and pooling solutions to customers around the globe. The Company has partnered with the most recognized names in the industry to develop, deploy, and scale its business. The Company is backed by some of the largest family offices and institutional investors in the U.S. Find more information at www.appliedblockchaininc.com.
More on Ohio Pen
Forward-Looking Statements
B&W cautions that this release contains forward-looking statements, including, without limitation, statements relating to the signing of an agreement to explore the development of power generation projects for Applied Blockchain, Inc. and potential commercial opportunities in the U.S. market. These forward-looking statements are based on management's current expectations and involve a number of risks and uncertainties. For a more complete discussion of these risk factors, see our filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K. If one or more of these risks or other risks materialize, actual results may vary materially from those expressed. We caution readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release, and we undertake no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.
Contacts
Investor Contact:
Megan Wilson
Vice President, Corporate Development & Investor Relations
Babcock & Wilcox
704.625.4944
investors@babcock.com
Media Contact:
Ryan Cornell
Public Relations
Babcock & Wilcox
330.860.1345
rscornell@babcock.com
These projects could result in up to 1.5 gigawatts of electrical generation capacity and will be a platform for using B&W's solutions such as renewable waste-to-energy, BrightLoopTM carbon capture and hydrogen production, solar generation and long-duration energy storage to provide baseload power and clean energy to support Applied Blockchain's power needs in North America.
"The global demand for cryptocurrency mining has been growing substantially and we're excited to play a key role in helping our partner, Applied Blockchain, develop the infrastructure necessary to power this technological revolution in a sustainable and economic way," said B&W Vice President, Corporate Development & Investor Relations, Megan Wilson. "Clean energy technologies, including solar, hydrogen and long-term energy storage, will play a pivotal role in providing the electrical capacity needed to power cryptocurrency mining, and B&W is well-positioned to be a solutions provider to support this growing need."
"B&W has more than 150 years of experience in the U.S. energy industry providing innovative solutions to meet customers' unique power needs, making us well-positioned to develop these types of projects for diverse and novel energy users," Wilson said. "Applied Blockchain is a dynamic, forward-thinking company and we're excited to team with them to pursue multiple clean energy and baseload power projects."
More on Ohio Pen
- Wall Street's New Obsession? Tradewinds Aims to Revolutionize the $8B Gentlemen's Club Industry with National Peppermint Hippo™ Strategy $TRWD
- Poised for Major Growth with Strategic Military Orders, Global Expansion, and Groundbreaking Underground Mining Initiative $RMXI
- XRP fever is coming again, WOA Crypto helps the new trend and earns tens of thousands of dollars a day
- Inflation Rebounds Under Tariff Shadow: Wall Street Veteran Kieran Winterbourne Says Macro Signals Matter More Than Market Sentiment
- Mensa Foundation's New Science Program Encourages Hands-On Discovery
B&W's clean energy capabilities include its ClimateBrightTM suite of decarbonization technologies – including BrightLoop, which can use multiple fuels to produce clean hydrogen – as well as waste- and biomass-to-energy technologies and solar installation services. In addition, B&W industry-leading thermal energy generation and environmental technologies round out a diverse and flexible array of options to power cryptocurrency mining using virtually any fuel.
About Babcock & Wilcox
Headquartered in Akron, Ohio, Babcock & Wilcox Enterprises is a leader in energy and environmental products and services for power and industrial markets worldwide. Follow us on LinkedIn and learn more at babcock.com.
About Applied Blockchain
Applied Blockchain, Inc. (PINK: APLD) is a leading provider in the growth and development of Blockchain Infrastructure by delivering high-performance crypto mining, hosting, and pooling solutions to customers around the globe. The Company has partnered with the most recognized names in the industry to develop, deploy, and scale its business. The Company is backed by some of the largest family offices and institutional investors in the U.S. Find more information at www.appliedblockchaininc.com.
More on Ohio Pen
- Golden Paper Introduces TAD Hand Towel Technology, Ushering in a New Era of Premium Tissue Quality
- ReedSmith® Creates Founder-Investor Connections at The Investor Dating Game™ by Tech Coast Venture Network During LA Tech Week
- OfficeSpaces.co Expands Its AI-Powered Website Builder Across North America
- Tailored Events Unveils Rapid-Launch Pilot Package — Go Live in 14 Days with Weekly Conversion Scorecards
- Tobu Railway Group Will Host the Fourth Annual "Take-Akari" Bamboo Lantern Festival in East Tokyo, November 7, 2025 – January 31, 2026
Forward-Looking Statements
B&W cautions that this release contains forward-looking statements, including, without limitation, statements relating to the signing of an agreement to explore the development of power generation projects for Applied Blockchain, Inc. and potential commercial opportunities in the U.S. market. These forward-looking statements are based on management's current expectations and involve a number of risks and uncertainties. For a more complete discussion of these risk factors, see our filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K. If one or more of these risks or other risks materialize, actual results may vary materially from those expressed. We caution readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release, and we undertake no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.
Contacts
Investor Contact:
Megan Wilson
Vice President, Corporate Development & Investor Relations
Babcock & Wilcox
704.625.4944
investors@babcock.com
Media Contact:
Ryan Cornell
Public Relations
Babcock & Wilcox
330.860.1345
rscornell@babcock.com
Filed Under: Business
0 Comments
Latest on Ohio Pen
- Regulated Crypto Exchange TZNXG Addresses Core US Market Challenges with Compliance-First Infrastructure
- GitKraken Launches Insights to Help Engineering Leaders Quantify AI Impact and Improve Developer Experience
- ZapperBox NextGen TV Gateway Receiver Now Testing Support For Secure Whole-Home Content Distribution
- Life as a Dog: P-Wave Press Brings Readers a Heartwarming Memoir of Love, Laughter and Companionship
- NOYA Launches Premium, Design-Forward Training Gear That Belongs at the Center of Your Space
- Research Defense Examines Violence, Illiteracy, Non-Active Fathers, and Low Self-Esteem Among Males
- Investing in Greece: Your Definitive Real-Estate FAQ Guide
- KeysCaribbean Offers 20 Percent Off Seven-Night Stays For Private Home Collection Properties
- Advancing Circular Economy in Automotive ESD Packaging
- Institute for Pet Health Sciences Names Boops Pets 2025 Product of the Year
- Matthew Cossolotto, Author of The Joy of Public Speaking, Appears on "Get Authentic with Marques Ogden" and "Achieving Success with Olivia Atkin"
- CCHR Exposes Conflicted Psychiatrists Behind Teen Antidepressant Surge
- Bruce C. Barnes Joins Summit's Board of Advisors
- WIBO Announces Fall 2025 Entrepreneurship Programs to Empower NYC Founders and Small Business Owners
- Local College Student Launches "Cleopatra" App to Make Cleaning Easy for Mercer County Residents
- Wohler announces release of additional Balance Control output tracking for its eSeries in-rack monitor range
- A Milestone of Giving: Ten Percent Group Donates £25,000 to Cure Parkinson's
- Tami Goveia Enters FabOver40, Inspiring Hollywood Legacy for Breast Cancer Cause
- Swidget Launches Luminance™ to Help Schools Achieve Alyssa's Law Compliance
- Growing Demand for EVA Mats Signals Shift in Car Interior Market