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Talen Energy Receives $300 Million Escrowed Funds from AWS for Cumulus Data Center Campus Purchase

Aug 26, 2024•almost 2 years ago

Contract Type

agreement

HoustonEnergyRenewable EnergyBiomass Energy

Description

Talen Energy announced the receipt of the $300 million escrowed portion of the Cumulus data center campus purchase price from Amazon Web Services (AWS) after meeting development planning milestones as per the previously announced agreement. The funds were released and paid to Talen on Friday, August 23, upon completion of milestones that allow for development of the AWS campus to 960 MW of power consumption.

Company Information

Company

Talen Energy

Location

Houston, Texas, United States

About

Talen Energy is an independent power producer that owns the Susquehanna nuclear plant in Pennsylvania.

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