Talen Energy receives $300M escrow payment from AWS for Cumulus campus; campus to reach 960 MW

Talen Energy Corp

Escrowed $300 million from Cumulus data center campus sale released and paid on August 23, 2024.
Milestones met allow development of AWS campus to 960 MW of power consumption.
Funds were held under previously announced agreement with Amazon Web Services.
Cumulus Digital (Talen subsidiary) now holds all purchase price proceeds.
Talen continues collaboration with AWS and expects to execute power sales under PPA.

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