The demand for electricity from AI has surged, and the Vanguard Group has increased its stake in Talen Energy, whose stock price more than tripled last year.
A document released on Wednesday shows that the USA asset management giant Vanguard Group has increased its shareholding in the independent power producer Talen Energy to 10.4%. As large technology companies invest massive amounts of money in AI technology, the demand for electricity to power datacenters is also growing. The main beneficiaries of this demand are utility companies like Talen Energy. Vanguard Group is the second largest shareholder of Talen Energy, holding about 9.9% of the company's circulating shares as of last October. Its position was reported on Wednesday.
Vanguard Group Boosts Talen Energy Stake to 10.4% as AI Demand Grows
Express News | Vanguard Group Inc Reports 10.41% Passive Stake in Talen Energy Corp as of Dec 31, 2024 - SEC Filing
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Press Release: Talen Energy Supply Announces Commencement of Consent Solicitation for Its 8.625% Senior Secured Notes Due 2030
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Express News | Talen Energy: Intends to Pursue Its Appellate Remedies
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