Core Viewpoint - Hydro has reached a settlement regarding the long-term power purchase agreement (PPA) with Cloud Snurran AB, allowing for compensation of up to EUR 90 million due to the voluntary termination of the PPA [1][2] Group 1: Settlement Details - Hydro is entitled to compensation of up to EUR 90 million for the voluntary termination of the PPA, which includes compensation for non-delivered volumes and future power deliveries [1][2] - The Svea Court of Appeal approved Cloud Snurran AB's reorganization application, leading to the termination of the reorganization process and the final settlement with Hydro [2] - The settlement is expected to become effective in July 2025, subject to certain closing requirements [4] Group 2: Power Purchase Agreement Background - Hydro Energi AS signed a long-term PPA with Cloud Snurran AB in 2018, which stipulated an annual baseload supply of 300 GWh from 2020 to 2030 and 550 GWh from 2031 to 2049 [1] - Cloud Snurran AB has faced financial difficulties and has not delivered the agreed volumes to Hydro since November 2024 [1] Group 3: Sourcing Situation - The sourcing situation at Hydro's Norwegian smelters is robust, with an average annual equity hydropower production of 9.4 TWh and a contract portfolio of around 8.5 TWh per year through 2030 [3] - Hydro is actively pursuing various sourcing options to meet the demand for cost-competitive renewable power as several long-term power agreements will expire at the end of 2030 [3]

Hydro has agreed to a settlement for the long-term power purchase agreement (PPA) with Cloud Snurran AB. In the settlement, Hydro is entitled to compensation of up to EUR 90 million for its voluntary termination of the PPA. Hydro Energi AS signed a long-term PPA with Cloud Snurran AB in 2018 for an annual baseload supply of 300 GWh in the period 2020-2030, and 550 GWh in the period 2031-2049. Cloud Snurran AB has experienced financial challenges for the last few years and has as a result not delivered volum ...

HOUSTON, July 17, 2025 (GLOBE NEWSWIRE) -- Talen Energy Corporation ("Talen") (NASDAQ: TLN) plans to release its second quarter 2025 financial results on Thursday, August 7, 2025, before market open. President and Chief Executive Officer Mac McFarland and Chief Financial Officer Terry Nutt will discuss the financial and operating results during an earnings call at 8:00 a.m. EDT (7:00 a.m. CDT) on August 7, 2025. To participate in the call, please register for the webcast via the page linked here. Participan ...

Talen agreed to acquire a power plant in Pennsylvania and another in Ohio for about $3.8 billion, as the race to secure US generating capacity heats up to meet rising AI-related demand https://t.co/6QGulrkLcN ...

HOUSTON, July 17, 2025 (GLOBE NEWSWIRE) -- Talen Energy Corporation (“Talen,” “we,” or “our”) (NASDAQ: TLN), a leading independent power producer, announced it has signed definitive agreements to acquire Caithness Energy’s Moxie Freedom Energy Center (“Moxie”) in Pennsylvania and Caithness Energy and BlackRock’s Guernsey Power Station (“Guernsey”) in Ohio, both combined-cycle gas-fired plants located within the PJM power market. The net acquisition price is $3.5 billion after adjusting for estimated tax ben ...

Core Insights - NuScale Power (SMR) is emerging as a significant player in sustainable, carbon-free energy due to an expanding partner base that includes major technology companies and financial institutions [1] - Major tech companies like Meta Platforms, Microsoft, Alphabet, and Oracle are committing to nuclear energy, particularly SMR technology, to achieve their sustainability goals, enhancing NuScale Power's market position [2][4] - Microsoft plans an $80 billion investment in fiscal 2025 for AI-enabled data centers, which is expected to drive a six-fold increase in U.S. power demand over the next 20 years, validating the demand for SMR technology [3][11] Company Developments - NuScale Power has made significant progress in the manufacturing and commercialization of its SMR technology, collaborating with key partners such as Doosan Interability and ENTRA1 Energy [5] - SMR faces competition from companies like Oklo and Constellation Energy, which are also advancing their nuclear energy solutions [6][11] Competitive Landscape - Oklo has signed a memorandum of understanding with Korea Hydro & Nuclear Power to develop and deploy its advanced nuclear technology, strengthening its market position [7] - Constellation Energy has secured a 20-year power purchase agreement with Meta to supply 1,121 MW of emissions-free nuclear energy, ensuring the continued operation of the Clinton Clean Energy Center [8] Stock Performance and Valuation - SMR shares have increased by 157.1% year-to-date, outperforming the Zacks Computer & Technology sector's 8.4% and the Zacks Electronics-Power Generation industry's 132.6% [9][11] - SMR is trading at a premium with a forward 12-month Price/Sales ratio of 119.52X compared to the sector's 6.64X, indicating a high valuation [12] - The Zacks Consensus Estimate for SMR's loss in 2025 is 45 cents per share, which has widened by 3 cents over the past month [14]

BofA Securities analyst Andrew Obin reiterated a Buy rating on GE Vernova GEV and increased the price target from $550 to $620.The analyst forecasts GE Vernova to report $11.8 billion in orders for the second quarter of 2025, 6% higher than the consensus of $11.1 billion. This performance is primarily driven by Gas Power, which includes $5.8 billion from Power, $4.9 billion from Electrification, and $1 billion from Wind.The forecast also includes 6GW of Gas Power turbines from significant orders in global m ...

TORONTO, July 17, 2025 (GLOBE NEWSWIRE) -- Northland Power Inc. (“Northland”) (TSX: NPI) announces it will release its 2025 second quarter operating and financial results after markets close on Wednesday, August 13, 2025. Northland's management will hold an investor conference call and webcast at 10 a.m. Eastern Time (ET) on Thursday, August 14, 2025, followed by a question-and-answer period with analysts. Conference call details: Date: Thursday, August 14, 2025 Start Time: 10:00 a.m. ET Participants wishin ...

WAUKESHA, Wis., July 16, 2025 (GLOBE NEWSWIRE) -- Generac Holdings Inc. ("Generac") (NYSE: GNRC), a leading global designer, manufacturer, and provider of energy technology solutions and other power products, today announced plans to release its second quarter 2025 financial results before the market opens on Wednesday, July 30, 2025. Generac management will hold a conference call at 10:00 a.m. EDT on that day to discuss highlights of this earnings release. A webcast of the conference call can be accessed a ...

Core Viewpoint - PPL Corporation and Blackstone Infrastructure have formed a joint venture to develop gas-fired, combined-cycle generation stations to meet the power needs of data centers in Pennsylvania through long-term energy supply agreements [1][2][4]. Group 1: Joint Venture Details - The joint venture aims to build new dispatchable generation to support the growing demand from data centers, leveraging the expertise of both companies [2][4]. - PPL holds a 51% interest in the joint venture, while Blackstone Infrastructure owns 49%, with expenses and distributions shared ratably [5]. - The joint venture plans to engage with landowners, natural gas pipeline companies, and turbine manufacturers to facilitate the construction of new generation plants [4][9]. Group 2: Market Demand and Capacity Concerns - PJM Interconnection has forecasted potential capacity shortages as early as the 2026-27 delivery year due to increasing demand from data centers and the retirement of aging generation resources [7]. - Within PPL Electric Utilities' service territory, there is over 60 gigawatts (GW) of potential data center projects, with 13 GW in advanced planning stages, indicating a projected 6 GW generation shortfall in the next five to six years [8]. - PPL estimates that meeting this shortfall will require approximately $15 billion in investments, assuming the use of natural gas combined-cycle units [8]. Group 3: Economic and Legislative Context - Pennsylvania Governor Josh Shapiro emphasized the importance of diversifying energy sources and welcomed the investment from Blackstone Infrastructure to support long-term clean energy solutions [6]. - The joint venture's success is contingent upon executing long-term energy services agreements with hyperscalers, which have not yet been signed [4][9]. - Current legislation in Pennsylvania aims to allow utilities to invest in and operate generation, which is crucial for addressing resource adequacy concerns [9].