Matrix NAC Awarded Greenfield Construction of Substation by Cumulus Data as Part of Its Carbon-Free Susquehanna Hyperscale Data Center Campus
February 08 2022 - 6:30AM
Matrix Service Company (Nasdaq: MTRX) announced today that its
subsidiary Matrix NAC has been awarded the greenfield construction
of a substation as well as transmission and distribution work at
Talen Energy Corporation (“Talen”) subsidiary, Cumulus Data’s
(“Cumulus”), flagship Susquehanna data center campus, currently
under construction outside Berwick, Pa. The up to 475- megawatt
(MW) campus will be powered by Talen’s adjacent Susquehanna nuclear
generation facility. The substation will support efforts to provide
Susquehanna’s low-cost, reliable, carbon-free energy to the data
center and cryptocurrency processing clients operating on the
campus.
“We are pleased to have contracted with Matrix NAC for this
important infrastructure project,” said Chief Data Center Officer,
Kevin Dalton. “As technology adoption grows and the demand for
energy increases to support data storage and processing activities,
so does the call for decarbonizing these energy sources. We
appreciate the support of Matrix NAC in helping to advance our
flagship data center campus project, through their substation
construction and transmission and distribution work.”
Said Matrix Service Company President and CEO, John R. Hewitt,
“We appreciate the opportunity provided by Talen and its Cumulus
subsidiary to support their strategic objectives to develop low
cost, carbon-free data center and cryptocurrency mining
infrastructure. In addition to supporting new clean energy
projects, this project marks an expansion of our electrical
infrastructure services into new geographic markets. We look
forward to delivering this project safely, on time and on
budget.”
Matrix Service Company
Matrix Service Company (Nasdaq: MTRX), through
its subsidiaries, is a leading North American industrial
engineering and construction contractor headquartered in Tulsa,
Oklahoma with offices located throughout the United States and
Canada, as well as Sydney, Australia and Seoul, South Korea.
The Company reports its financial results in
three key operating segments: Utility and Power Infrastructure,
Process and Industrial Facilities, and Storage and Terminal
Solutions.
With a focus on sustainability, building strong
Environment, Social and Governance (ESG) practices, and living our
core values, Matrix is ranked among the Top Contractors by
Engineering-News Record, was recognized for its Board
diversification by 2020 Women on Boards, is an active signatory to
CEO Action for Diversity and Inclusion, and is consistently
recognized as a Great Place to Work®. To learn more about Matrix
Service Company, visit matrixservicecompany.com
For more information about Matrix, please
contact:
Matrix Service CompanyKevin S. CavanahVice
President and CFO T: 918-838-8822Email:
ir@matrixservicecompany.com
Kellie SmytheSenior Director, Investor Relations T:
918-359-8267Email: ksmythe@matrixservicecompany.com
About Cumulus DataCumulus Data, a subsidiary of
Talen, is developing a 475-Megawatt hyperscale data center campus
located outside Berwick, Pa., with the potential to expand
operations to other sites across the United States. The
flagship Susquehanna campus will be powered by >1
Gigawatt of ultra-reliable, carbon-free, 24x7 nuclear power with
the lowest total cost of ownership (TCO) for cloud data center
customers in the United States. Cumulus Data is also
expected to offer customers the ability to supplement its
carbon-free offering with 400 Megawatts of new solar generation
capacity under development by Talen’s Cumulus Renewables business.
Cumulus Data has broken ground on its digital campus and
anticipates having its first data center available for lease in the
second half of 2022. For more information,
visit: https://cumulusinfra.com/.Cumulus Data is part of
Talen’s Cumulus Growth subsidiary, which is developing a
large-scale portfolio of renewable energy, battery storage, and
digital infrastructure assets across Talen Energy Supply’s
expansive footprint. For more information,
visit https://www.talenenergy.com/about-talen/
Investor Contact Olivia Sigo Senior
Director, Corporate Finance, Investor Relations &
ESG 281-203-5387 InvestorRelations@talenenergy.com
Media Contact Taryne
Williams Director Corporate
Communications 610-601-0327 Taryne.Williams@talenenergy.com
This release contains forward-looking statements that are made
in reliance upon the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. These statements are
generally accompanied by words such as “anticipate,” “continues,”
“expect,” “forecast,” “outlook,” “believe,” “estimate,” “should”
and “will” and words of similar effect that convey future meaning,
concerning the Company’s operations, economic performance and
management’s best judgment as to what may occur in the future.
Future events involve risks and uncertainties that may cause actual
results to differ materially from those we currently anticipate.
The actual results for the current and future periods and other
corporate developments will depend upon a number of economic,
competitive and other influences, including those factors discussed
in the “Risk Factors” and “Forward Looking Statements” sections and
elsewhere in the Company’s reports and filings made from time to
time with the Securities and Exchange Commission. Many of these
risks and uncertainties are beyond the control of the Company, and
any one of which, or a combination of which, could materially and
adversely affect the results of the Company's operations and its
financial condition. We undertake no obligation to update
information contained in this release.
Matrix Service (NASDAQ:MTRX)
Historical Stock Chart
From Mar 2024 to Apr 2024
Matrix Service (NASDAQ:MTRX)
Historical Stock Chart
From Apr 2023 to Apr 2024