Talen Energy

Talen Energy Corporation and Cumulus Growth Secure $175 Million of Capital from Orion Energy Partners

Retrieved on: 
Tuesday, September 21, 2021
Partnership, Talen Energy, ESG, Solution, Ownership, AI, Growth, CyrusOne, Investment, CEO, TES, Riverstone, Riverstone Holdings, Digital, Holding company, Cryptocurrency, Online shopping

THE WOODLANDS, Texas, Sept. 21, 2021 /PRNewswire/ -- Talen Energy Corporation ("Talen") and its wholly-owned subsidiary Cumulus Growth Holdings LLC ("Cumulus Growth") announced today that they have taken additional steps forward in capitalizing and executing Talen's strategic transformation to a renewable energy and digital infrastructure growth platform. Cumulus Growth, through its wholly-owned subsidiary Cumulus Digital LLC ("Cumulus Digital"), has secured a 6-year, up to $175 million strategic capital partnership (the "Investment") with Orion Energy Partners ("Orion"). 

Key Points: 
  • THE WOODLANDS, Texas, Sept. 21, 2021 /PRNewswire/ -- Talen Energy Corporation ("Talen") and its wholly-owned subsidiary Cumulus Growth Holdings LLC ("Cumulus Growth") announced today that they have taken additional steps forward in capitalizing and executing Talen's strategic transformation to a renewable energy and digital infrastructure growth platform.
  • Cumulus Growth, through its wholly-owned subsidiary Cumulus Digital LLC ("Cumulus Digital"), has secured a 6-year, up to $175 million strategic capital partnership (the "Investment") with Orion Energy Partners ("Orion").
  • Talen Energy/Cumulus Growth, has secured up to $175 million in strategic capital partnership with Orion Energy Partners.
  • Following the Investment and initial capitalization of Cumulus Digital, Talen and Cumulus Growth intend to raise incremental growth equity in the near-term for further data center, coin, storage and renewables growth projects.

Talen Energy Corporation and Cumulus Growth Secure $175 Million of Capital from Orion Energy Partners

Retrieved on: 
Tuesday, September 21, 2021
Partnership, Talen Energy, ESG, Solution, Ownership, AI, Growth, CyrusOne, Investment, CEO, TES, Riverstone, Riverstone Holdings, Digital, Holding company, Cryptocurrency, Online shopping

THE WOODLANDS, Texas, Sept. 21, 2021 /PRNewswire/ -- Talen Energy Corporation ("Talen") and its wholly-owned subsidiary Cumulus Growth Holdings LLC ("Cumulus Growth") announced today that they have taken additional steps forward in capitalizing and executing Talen's strategic transformation to a renewable energy and digital infrastructure growth platform. Cumulus Growth, through its wholly-owned subsidiary Cumulus Digital LLC ("Cumulus Digital"), has secured a 6-year, up to $175 million strategic capital partnership (the "Investment") with Orion Energy Partners ("Orion"). 

Key Points: 
  • THE WOODLANDS, Texas, Sept. 21, 2021 /PRNewswire/ -- Talen Energy Corporation ("Talen") and its wholly-owned subsidiary Cumulus Growth Holdings LLC ("Cumulus Growth") announced today that they have taken additional steps forward in capitalizing and executing Talen's strategic transformation to a renewable energy and digital infrastructure growth platform.
  • Cumulus Growth, through its wholly-owned subsidiary Cumulus Digital LLC ("Cumulus Digital"), has secured a 6-year, up to $175 million strategic capital partnership (the "Investment") with Orion Energy Partners ("Orion").
  • In addition, Orion will receive a non-voting equity interest in Cumulus Digital Holdings LLC ("Digital Holdings"), the parent of Cumulus Digital.
  • Following the Investment and initial capitalization of Cumulus Digital, Talen and Cumulus Growth intend to raise incremental growth equity in the near-term for further data center, coin, storage and renewables growth projects.

Kevin Dalton Joins Cumulus Data as Chief Data Center Officer

Retrieved on: 
Tuesday, August 31, 2021
Good, MGE, Talen Energy, LLC, Commonwealth, Ownership, Engineering, TCO, APC by Schneider Electric, Digital Realty, AI, Legislation, House, Illinois Institute of Technology, Illinois, AECOM, Illinois Institute of Art – Chicago, Solution, Electrical engineering, CEO, ESG, Electricity, Renewable energy, Asset management

THE WOODLANDS, Texas, Aug. 31, 2021 /PRNewswire/ -- Cumulus Data ("Cumulus"), a Subsidiary of Talen Energy Corporation ("Talen"), today announced that it has appointed Kevin Dalton to the role of chief data center officer.

Key Points: 
  • THE WOODLANDS, Texas, Aug. 31, 2021 /PRNewswire/ -- Cumulus Data ("Cumulus"), a Subsidiary of Talen Energy Corporation ("Talen"), today announced that it has appointed Kevin Dalton to the role of chief data center officer.
  • The first Cumulus data center is being constructed on land adjacent Talen's Susquehanna nuclear generating facility, located outside Berwick, Pa.
  • Prior to joining Cumulus, Dalton served as senior vice president of design and construction for NTT Global Data Centers, where he led global data center design and supply chain functions.
  • Cumulus Data has broken ground on its digital campus and anticipates having its first data center available for lease in the second half 2022.

Talen Energy Corporation and Cumulus Data Applaud the Passage of Pennsylvania's Digital Infrastructure Legislation, House Bill 952, Which Provides Sales and Use Tax Exemption for Data Center Investment in the Commonwealth

Retrieved on: 
Monday, August 30, 2021
Industry, Company, Good, LLC, Legislation, Pattern Energy, Commonwealth, Ownership, Majority, Senate, TCO, Nu Skin Enterprises, AI, House, Investment, Pennsylvania General Assembly, Talen Energy, Wind, CEO, ESG, Renewable energy

Talen and Cumulus Data believe this incentive is key to attracting data center clients and accelerating digital infrastructure investment in the Commonwealth.

Key Points: 
  • Talen and Cumulus Data believe this incentive is key to attracting data center clients and accelerating digital infrastructure investment in the Commonwealth.
  • Talen announced recently that it has broken ground on the Cumulus Data center campus on land adjacent to its Susquehanna nuclear generating facility, located outside Berwick, Pa.
  • Talen's Cumulus Data hyperscale data center campus is part of the Company's larger transformation to a more sustainable future.
  • Cumulus Data has broken ground on its digital campus and anticipates having its first data center available for lease in the second half 2022.

Talen Energy Corporation Announces Zero-Carbon Bitcoin Mining Joint Venture with TeraWulf Inc.

Retrieved on: 
Tuesday, August 3, 2021
Payment systems, Bitcoin, Cryptocurrencies, Digital currencies, Currency, Exonumia, Talen Energy, Talen

THE WOODLANDS, Texas, Aug. 3, 2021 /PRNewswire/ -- Talen Energy Corporation ("Talen" or "the Company") announced today that, as part of its strategic transformation to a renewable energy and digital infrastructure growth platform, it has entered into a Joint Venture with TeraWulf Inc. ("TeraWulf"), a U.S.-based bitcoin mining company, to develop up to 300 Megawatts of zero-carbon bitcoin mining capacity.

Key Points: 
  • THE WOODLANDS, Texas, Aug. 3, 2021 /PRNewswire/ -- Talen Energy Corporation ("Talen" or "the Company") announced today that, as part of its strategic transformation to a renewable energy and digital infrastructure growth platform, it has entered into a Joint Venture with TeraWulf Inc. ("TeraWulf"), a U.S.-based bitcoin mining company, to develop up to 300 Megawatts of zero-carbon bitcoin mining capacity.
  • The Joint Venture, named Nautilus Cryptomine will leverage the strengths of both Talen and TeraWulf as they collectively work to advance the convergence of clean energy sources and digital infrastructure assets.
  • The Joint Venture is expected to invest approximately $350-400 million in Phase I of the zero-carbon bitcoin mining operation with an aggregate anticipated hash rate that will exceed 5 exahash per second.
  • Talen anticipates funding its share of the Joint Venture commitment from its current liquidity and from third party debt and equity sources.

Talen Energy Schedules Second Quarter 2021 Results Conference Call

Retrieved on: 
Monday, August 2, 2021
Finance, Money, Economy, Talen, Investor

THE WOODLANDS, Texas, Aug. 2, 2021 /PRNewswire/ -- Talen Energy Corporation's ("Talen Energy") management has scheduled a conference call to discuss second quarter 2021 results on Thursday, August 12, 2021, at 4:00 p.m. EDT.

Key Points: 
  • THE WOODLANDS, Texas, Aug. 2, 2021 /PRNewswire/ -- Talen Energy Corporation's ("Talen Energy") management has scheduled a conference call to discuss second quarter 2021 results on Thursday, August 12, 2021, at 4:00 p.m. EDT.
  • Qualified investors and securities analysts can access the conference call and related materials on the Investor Information section of Talen Energy's website at: https://talenenergy.investorroom.com/investor-information .
  • Talen Energy is one of the largest competitive power generation and infrastructure companies in North America.
  • Talen is developing a large-scale portfolio of renewable energy, battery storage, and digital infrastructure assets across its expansive footprint.

Talen Energy Schedules First Quarter 2021 Results Conference Call

Retrieved on: 
Thursday, April 29, 2021
Talen Energy, Talen

b"THE WOODLANDS, Texas, April 29, 2021 /PRNewswire/ --Talen Energy's management has scheduled a conference call to discuss first quarter 2021 results on Thursday, May 6, 2021, at 4:00 p.m. EDT.\nRalph Alexander, Chairman of the Board and Chief Executive Officer, and Alex Hernandez, President and Chief Financial Officer, will discuss the company's financial and operating results, during an investor presentation to be teleconferenced and webcast.\nQualified investors and securities analysts can access the conference call and related materials on the Investor Information section of Talen Energy's website at:\nTalen Energy is one of the largest competitive power generation and infrastructure companies in North America.

Key Points: 
  • b"THE WOODLANDS, Texas, April 29, 2021 /PRNewswire/ --Talen Energy's management has scheduled a conference call to discuss first quarter 2021 results on Thursday, May 6, 2021, at 4:00 p.m. EDT.\nRalph Alexander, Chairman of the Board and Chief Executive Officer, and Alex Hernandez, President and Chief Financial Officer, will discuss the company's financial and operating results, during an investor presentation to be teleconferenced and webcast.\nQualified investors and securities analysts can access the conference call and related materials on the Investor Information section of Talen Energy's website at:\nTalen Energy is one of the largest competitive power generation and infrastructure companies in North America.
  • The Company owns and/or controls approximately 13,000 megawatts of generating capacity in well- developed, structured wholesale U.S. power markets, principally in the Mid-Atlantic and Texas.
  • Talen is developing a large-scale portfolio of renewable energy, battery storage, and digital infrastructure assets across its expansive footprint.\n"

Talen Energy Announces Joint Venture with Pattern Energy to Grow Renewables Infrastructure Portfolio

Retrieved on: 
Tuesday, April 13, 2021
Articles, Energy policy, Talen Energy, Renewable energy commercialization, Natural environment, Renewable energy, Talen, Pattern Energy, Energy development

b'THE WOODLANDS, Texas, April 13, 2021 /PRNewswire/ --Talen Energy Corporation ("Talen") announced today that it has entered into a joint venture with Pattern Energy Group LP ("Pattern Energy") named "PT Energy Transitions" to pursue the development, financing, construction and operation of approximately 1.4 Gigawatts of utility scale renewable energy projects over the next five years.

Key Points: 
  • b'THE WOODLANDS, Texas, April 13, 2021 /PRNewswire/ --Talen Energy Corporation ("Talen") announced today that it has entered into a joint venture with Pattern Energy Group LP ("Pattern Energy") named "PT Energy Transitions" to pursue the development, financing, construction and operation of approximately 1.4 Gigawatts of utility scale renewable energy projects over the next five years.
  • "\n"Partnering with Talen is a natural fit for Pattern Energy as we combine the respective strengths of our teams to develop a sizeable portfolio of utility scale renewable energy projects," said Mike Garland, President and CEO of Pattern Energy.
  • "Our joint venture accelerates our country\'s energy transition by utilizing Pattern Energy\'s leadership in renewable energy development together with Talen\'s land position and legacy transmission interconnection assets.
  • Talen is developing a large-scale portfolio of renewable energy, battery storage, and digital infrastructure assets across its expansive footprint.

Talen Energy Announces Joint Venture with Pattern Energy to Grow Renewables Infrastructure Portfolio

Retrieved on: 
Tuesday, April 13, 2021
Articles, Energy policy, Talen Energy, Renewable energy commercialization, Natural environment, Renewable energy, Talen, Pattern Energy, Energy development

b'THE WOODLANDS, Texas, April 13, 2021 /PRNewswire/ --Talen Energy Corporation ("Talen") announced today that it has entered into a joint venture with Pattern Energy Group LP ("Pattern Energy") named "PT Energy Transitions" to pursue the development, financing, construction and operation of approximately 1.4 Gigawatts of utility scale renewable energy projects over the next five years.

Key Points: 
  • b'THE WOODLANDS, Texas, April 13, 2021 /PRNewswire/ --Talen Energy Corporation ("Talen") announced today that it has entered into a joint venture with Pattern Energy Group LP ("Pattern Energy") named "PT Energy Transitions" to pursue the development, financing, construction and operation of approximately 1.4 Gigawatts of utility scale renewable energy projects over the next five years.
  • "\n"Partnering with Talen is a natural fit for Pattern Energy as we combine the respective strengths of our teams to develop a sizeable portfolio of utility scale renewable energy projects," said Mike Garland, President and CEO of Pattern Energy.
  • "Our joint venture accelerates our country\'s energy transition by utilizing Pattern Energy\'s leadership in renewable energy development together with Talen\'s land position and legacy transmission interconnection assets.
  • Talen is developing a large-scale portfolio of renewable energy, battery storage, and digital infrastructure assets across its expansive footprint.

Talen Energy Corporation Schedules ESG Equity Investor Day

Retrieved on: 
Monday, March 29, 2021
Talen Energy, Talen

THE WOODLANDS, Texas, March 29, 2021 /PRNewswire/ --Talen Energy Corporation ("Talen" or "the Company") announced today that it will host a virtual Equity Investor Day event on Wednesday May 19 at 2:00 p.m. EDT.

Key Points: 
  • THE WOODLANDS, Texas, March 29, 2021 /PRNewswire/ --Talen Energy Corporation ("Talen" or "the Company") announced today that it will host a virtual Equity Investor Day event on Wednesday May 19 at 2:00 p.m. EDT.
  • Given this rapid change, Talen intends to advance the world's transition to clean energy by leading the ESG transformation of the power and digital infrastructure sectors," said President Alex Hernandez.
  • Talen Energy is one of the largest competitive power generation and infrastructure companies in North America.
  • Talen is developing a large-scale portfolio of renewable energy, battery storage, and digital infrastructure assets across its expansive footprint.