Enterprise DNA

Talen Energy

Owns nuclear and gas power plants and sells power to large buyers, including data centres.

Revenue
Adjusted EBITDA of $374M in Q2 2026 (quarter to 30 June 2026)
Growth
2026 adjusted EBITDA guidance raised to $2.03B to $2.23B (Aug 2026)
Listed
Public (TLN)
Why it is winning

Its nuclear plant can sell carbon-free power directly to data centres, which buyers are paying for.

The risk to watch

Its gross revenue number is not yet verified, so the figures here are limited to earnings measures.

Money coming in

Who pays Talen Energy, and for what.

No customers of Talen Energy mapped yet.

Money going out

Who Talen Energy pays to do what it does.

No suppliers of Talen Energy mapped yet.

Where it sits on the map

Competitors and neighbours

Bloom Energy
BE Supplier

Makes fuel cells that give a data centre its own power without waiting for the grid.

Revenue of $1.065B in Q2 2026 (quarter to 30 June 2026)

Open profile
Oklo
OKLO

Develops small modular nuclear reactors aimed at selling power to data centres.

Q2 2026 revenue of $1.2M, mostly from recent acquisitions

Open profile
GE Vernova
GEV Supplier

Makes gas turbines and grid equipment that power new data centres and utilities.

$176B order backlog. Data centre orders over $5B in the first half of 2026

Open profile
Siemens Energy
ENR Supplier

Makes gas turbines, grid equipment and transformers that power data centres and utilities.

Q3 FY2026 revenue of about EUR 11.4B (quarter to 30 June 2026)

Open profile
Caterpillar
CAT Supplier

Makes large generator sets and turbines that run data centres when the grid is not enough.

Record sales of $20.5B in Q2 2026 (quarter to 30 June 2026)

Open profile
Constellation Energy
CEG

The largest US nuclear operator, selling carbon-free power under long contracts.

Revenue of $7.5B in Q2 2026 (quarter to 30 June 2026)

Open profile
NuScale Power
SMR

Designs small modular nuclear reactors, with a partner pursuing a large plan with the US Tennessee Valley Authority.

Q2 2026 revenue of about $0.1M (reported)

Open profile
Venture Global
VG Supplier

Exports US natural gas and is building power plants at its terminals to sell electricity to data centres.

Plan could power up to 10 GW of computing (WSJ, Oct 2026)

Open profile
Vistra
VST

Owns large gas and nuclear power plants and sells the electricity under long contracts.

Ongoing operations adjusted EBITDA of $1.77B in Q2 2026 (quarter to 30 June 2026)

Open profile

Sources: ir.talenenergy.com, sec.gov

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