Base Electron Corp natural gas generation development - 1.2 GW
Company: Applied Digital
The claim, verbatim
Working with Base Electron Corp. (independent power producer) to develop approximately 1.2 GW front-of-the-meter natural gas-fired generation in Dakotas with Babcock & Wilcox in collaboration with regional utilities. Applied Digital shareholders own approximately 10% of Base Electron.
Source (primary)
EX-99.1 (IR page (ir.applieddigital.com), earnings_call)
View cached copy (2026-09-01)Live source ↗
Quote: “Applied Digital is working with Base Electron Corp., an independent power producer who has engaged Babcock & Wilcox to develop approximately 1.2 GW of front-of-the-meter natural gas-fired generation in the Dakotas, in collaboration with regional utilities. Applied Digital shareholders own approximately 10% of Base Electron Corp. through our investment in Base Electron.”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The release states each element. It specifies that Base Electron, not Applied Digital directly, engaged Babcock & Wilcox, which is consistent with the claim's wording.
Confirmed in the source:
- Applied Digital is working with Base Electron Corp., an independent power producer
- The project is approximately 1.2 GW of front-of-the-meter natural gas-fired generation in the Dakotas
- Babcock & Wilcox is involved in the development (engaged by Base Electron)
- The development is in collaboration with regional utilities
- Applied Digital shareholders own approximately 10% of Base Electron Corp.
What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/sec-filings/all-sec-filings/content/0001144879-26-000044/apldq426earningsreleaseasf.htm) in full (54,584 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms EX-99.1
Quote: “Applied Digital is working with Base Electron Corp., an independent power producer who has engaged Babcock & Wilcox to develop approximately 1.2 GW of front-of-the-meter natural gas-fired generation in the Dakotas, in collaboration with regional utilities. Applied Digital shareholders own approximately 10% of Base Electron Corp. through our investment in Base Electron.”