Talen Energy acquires two gas plants within PJM market in data center power push
Acquired the assets for $3.5bn
Acquired the assets for $3.5bn
Inks deal with CO2 LDES manufacturer Energy Dome
Could lead to cost rises of more than 400 percent for ratepayers
Trump signs an executive order limiting tax credits for renewable projects
Will support the country's Clean Power 2030 agenda
Focusing on Nordics instead
Could see energy costs increase by 10 to 14 percent
Will support development of Emerald Conductor platform
A thirtyfold increase on current levels
Commercialization expected in early 2026
The Karman platform was developed in collaboration with Nvidia
More than double that of the FLAP-D markets
Would create a new rate class for data centers exceeding 100MW of monthly demand
Taken as a means to avoid a "grid reliability crisis"
Contended that Red Eléctrica had miscalculated the power capacity needs for the day
National policy statement expected in July
Will provide power over a 15-year term with the option to extend
Will submit an RFI to states, utilities, and transmission operators
Further details expected in its Q2 earnings report
Will coordinate with utilities and data center developers in two states
Slated for completion by Q3 2026
Will require data centers to enter into a minimum ten-year contract with utilities