Talen Energy Corp. and its wholly owned subsidiary Cumulus Growth Holdings have secured a six-year strategic capital partnership with Orion Energy Partners, including an investment of up to $175 million.
The investment will be used to fund Talen’s strategic transformation to a renewable energy and digital infrastructure growth platform. Specifically, the capital will pay for common infrastructure for the nuclear-powered Cumulus hyperscale data center campus that is located adjacent to Talen’s 2.5-gigawatt Susquehanna carbon-free nuclear plant in Luzerne County, Pa. It will also fund Talen’s bitcoin mining joint venture with TeraWulf, known as Nautilus Cryptomine.
Alex Hernandez, CEO of Cumulus Growth and president of Talen, said the companies have broken ground on the Cumulus data center campus, which will provide carbon-free energy generated by Susquehanna's dual units to power the campus, including up to 475 megawatts for hyperscale data center clients and 300
