Talen Buys Two Gas-Fired Plants in Race to Meet AI Power Demand

Bloomberg.com · last updated July 17, 2025 – 5:20 PM

The rush to snap up US natural gas power plants to feed surging electric demand from data centers has resulted in the fourth big deal of the year, with Talen Energy Corp.’s $3.8 billion purchase of facilities in Pennsylvania and Ohio.

Talen will buy Caithness Energy’s Moxie Freedom Energy Center in Pennsylvania and Caithness and BlackRock’s Guernsey Power Station in Ohio, it said Thursday. Both assets are combined-cycle gas-fired plants and their combined capacity is nearly 3 gigawatts — enough to power about 2.4 million homes.

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