Talen Energy (NASDAQ:TLN) is an independent power producer and infrastructure company based in the United States. It operates a diverse portfolio of power generation facilities, including nuclear, natural gas, coal, and renewable energy sources like solar. The company is actively involved in the wholesale electricity market, selling power, capacity, and ancillary services across the country.
In addition to its traditional power generation, Talen is also investing in energy transition initiatives, such as battery storage projects, to support a more sustainable and reliable energy future. This strategic shift aims to diversify its energy mix and capitalize on the growing demand for cleaner, more flexible energy solutions.
Talen Energy owns or controls approximately 16,000 megawatts of capacity in wholesale power markets, principally in the Northeast, Mid-Atlantic, and Southwest regions of the United States. The company's Susquehanna nuclear power plant has approximately two boiling water reactors with a combined capacity of over 2,600 megawatts. Its fossil fuel plants are located in Athens, Barney Davis, Bayonne, Brandon Shores, Brunner Island, Camden, Colstrip and Dartmouth, among others. It has an art energy trading center located in Allentown, Pennsylvania (PA), where it manages asset load obligations, fuel supply, capacity and related products, and all supporting physical or financial transactions for its electric generation portfolio.
Talen Energy previously traded under the symbol TLNE on the OTC Markets, but officially uplisted and began trading on the NASDAQ Global Select Market with the symbol TLN on July 10, 2024. This marked a significant step in its market presence and aims to increase visibility and attract a broader range of institutional investors.
