Talen Energy buys new power plants, sending shares rocketing
Talen Energy, a power provider for hire with a focus on selling juice to the booming AI data center industry, announced the purchase of two gas-fired power plants that feed the massive PJM Interconnection grid, the country’s largest. Shares jumped on the news.
Talen has been a key beneficiary of the unusually buzzy power business, as it has focused on supplying energy to bitcoin miners and the AI energy trade. (You may have heard of it in light of its deal to provide nuclear power to some Amazon data centers.)
Over the last 12 months, the stock is up more than 150%.
Talen has been a key beneficiary of the unusually buzzy power business, as it has focused on supplying energy to bitcoin miners and the AI energy trade. (You may have heard of it in light of its deal to provide nuclear power to some Amazon data centers.)
Over the last 12 months, the stock is up more than 150%.
