Talen announces strong second quarter results & transaction to simplify ownership structure

Our recent earnings announcement outlined strong operating and financial performance, as well as an agreement to acquire Riverstone Holdings' interests in Cumulus Digital and retire Riverstone's warrant rights to purchase shares of Talen common stock.

Leading the Energy Transition

As the world continues to rapidly evolve and the demand for reliable, zero-carbon electricity continues to increase, Talen is embarking on a transformation to advance clean energy infrastructure and better align with market demands and sustainability-focused goals while creating new opportunities for our workers and communities.

In short, we are positioning ourselves to be a Force for Good while leading the energy transition.

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We are decarbonizing our fleet in a way that provides grid resiliency, strong financial performance and mitigates negative impact for our workers and our communities.

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Growth Opportunities

To meet the growing demand for low-cost, reliable, zero-carbon electricity, we are investing in new growth verticals, which include renewables, battery storage, data centers, and digital coin.

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ESG-Focused Future

Our bottom-up approach to ESG ensures employees are empowered to address ESG topics in a manner that is suitable for local conditions while aligning with our ESG strategy.

Recapitalization Complete - May 2023

Force for Good

Talen recently emerged from our strategic restructuring, and our focus will remain on safety, operational excellence, and value creation. Information regarding Talen’s completed restructuring, including court documents, is available at the claims agent site.

ESG-Focused Future

Being a Force for Good means converting, not shutting down, our coal plants to ensure that Talen workers and the communities we serve continue to thrive as we lead the energy transition.

To that end, our long-term ESG strategy is centered around decarbonization, renewables, battery storage, and digital infrastructure, allowing Talen to grow its business while reducing negative environmental and social impact.

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Cumulus Data

Part of our efforts to advance clean energy infrastructure includes hyperscale data centers directly connected to low-cost, carbon-free electricity. See how Cumulus Data is helping to converge digital infrastructure and power.

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