Force for Good
In partnership with our wholly-owned subsidiary Cumulus Growth, we recently announced that we have taken additional steps forward in capitalizing and executing our strategic transformation to a renewable energy and digital infrastructure growth platform by securing a 6-year, up to $175 million strategic capital partnership with Orion Energy Partners.
Susquehanna Digital Campus
The investment from Orion will be used to fund common infrastructure for the Cumulus hyperscale data center campus located adjacent to Talen’s 2.5 GW Susquehanna carbon-free nuclear plant, as well as to fund Talen’s previously-announced bitcoin mining joint venture with TeraWulf, known as Nautilus Cryptomine.
We 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 MW for hyperscale data center clients and 300 MW for coin mining and other blockchain applications.
The Cumulus data center investment will create family-sustaining jobs, technology training, and other economic benefits including tax revenue and increased consumption of local goods and services to both Pennsylvania and the surrounding community. The first two Cumulus data centers, one for hyperscale cloud and another for coin applications, are expected to be completed by the second half of 2022.
Cumulus Coin, a subsidiary of Talen, is driving the convergence between blockchain applications and carbon-free electricity. Cumulus Coin intends to create sustainable bitcoin at industrial scale by mining zero-carbon coins with the appropriate regulatory overlay in a secure location in the United States.
The first two Cumulus Coin mining facilities, totaling 300 MW, will be located at the flagship Susquehanna digital campus powered by >1 GW of ultra-reliable, carbon-free, 24x7 nuclear power.