Amazon intends to move forward with Talen project, Bloomberg reports
The Fly

Amazon intends to move forward with Talen project, Bloomberg reports

Amazon.com (AMZN) told Bloomberg it’s committed to building a data center campus adjacent to a Pennsylvania nuclear plant after the Federal Energy Regulatory Commission on Friday voted down a request by Talen Energy (TLN) that would have increased the amount of power its nuclear plant could supply to an Amazon Web Services data center. “We remain committed to continue innovating and advancing carbon-free energy solutions with companies like Talen Energy to power data center operations in the United States and the many technologies supporting our customers and our daily lives,” Duncan Neasham, an Amazon spokesperson, said Monday in an email to Bloomberg. Reached by phone, Neasham confirmed the company intends to go forward with the Talen project, Bloomberg report. Shares of Talen Energy are up 9% to $185.99 in morning trading.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App