(Reuters) – united state possession administration company Vanguard Group boosted its risk in independent power manufacturer Talen Energy Corp to 10.4%, according to a declaring on Wednesday.
As Big Tech gathers billions of bucks right into AI innovation, the need for electrical energy to feed power-hungry information facilities has actually additionally expanded. The primary recipients of this need are energies such as Talen Energy.
Vanguard, Talen Energy’s second-largest investor, disclosed it acquired over 4 million shares of the energy’s ordinary shares. As of October, the possession supervisor had concerning 9.9% of its exceptional shares.
Shares of Talen Energy increased over threefold in 2024. They were partially greater in prolonged trading on Wednesday.
(Reporting by Vallari Srivastava in Bengaluru; Editing by Mohammed Safi Shamsi)
