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LCG, July 18, 2025--Talen Energy Corporation yesterday announced it has signed agreements to acquire Caithness Energy’s Moxie Freedom Energy Center (Moxie) in Pennsylvania and Caithness Energy and BlackRock’s Guernsey Power Station (Guernsey) in Ohio. Talen expects the transaction to be immediately accretive to free cash flow per share by over 40 percent in 2026, and over 50 percent through 2029. The net acquisition price is $3.5 billion after adjusting for estimated tax benefits, or approximately $3.8 billion gross.
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LCG, July 16, 2025--Brookfield Asset Management (BAM), together with Brookfield Renewable (Brookfield) and Google yesterday announced a first-of-its-kind Hydro Framework Agreement (HFA) to deliver up to 3,000 MW of carbon-free hydroelectric capacity across the nation
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Industry News
Brookfield and Google Sign Nationwide Hydro Framework Agreement to Deliver up to 3,000 MW of Carbon-Free Hydro Power
LCG, July 16, 2025--Brookfield Asset Management (BAM), together with Brookfield Renewable (Brookfield) and Google yesterday announced a first-of-its-kind Hydro Framework Agreement (HFA) to deliver up to 3,000 MW of carbon-free hydroelectric capacity across the nation. Brookfield states that the HFA represents a significant step forward in its strategy to deliver flexible, dispatchable clean energy solutions to the technology sector and that it supports Google’s ambition to power its operations with 24/7 carbon-free energy. BAM states the HFA is the world’s largest corporate clean power deal for hydroelectricity.
The HFA provides Google the ability to procure carbon-free electricity from up to 3,000 MWs of hydroelectric assets that will be relicensed, overhauled, or upgraded to extend the asset’s useful life and continue adding power to the grid. Brookfield and Google will focus in the mid-Atlantic (PJM) and mid-continent (MISO) electricity markets, with the flexibility to expand into other regions.
The first contracted assets under the HFA are Brookfield’s Holtwood and Safe Harbor hydroelectric facilities in Pennsylvania. Brookfield is relicensing the facilities, which have a combined capacity of 670 MW. The 20-year Power Purchase Agreements (PPAs) for the two hydro facilities will support Google’s operations across PJM. The transaction structure allows Brookfield to maintain existing commitments to power consumers such as Amtrak from the Safe Harbor facility.
Google's Head of Data Center Energy stated, “At Google, we’re dedicated to responsibly growing the digital infrastructure that powers daily life for people, communities and businesses. This collaboration with Brookfield is a significant step forward, ensuring clean energy supply in the PJM region where we operate. Hydropower is a proven, low-cost technology, offering dependable, homegrown, carbon-free electricity that creates jobs and builds a stronger grid for all."
BAM's President said, “Our partnership with Google demonstrates the critical role that hydropower can play in helping hyperscale customers meet their energy goals. Delivering power at scale and from a range of sources will be required to meet the growing electricity demands from digitalization and artificial intelligence.”
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UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
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UPLAN-ACE
Day Ahead and Real Time Market Simulation
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UPLAN-G
The Gas Procurement and Competitive Analysis System
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PLATO
Database of Plants, Loads, Assets, Transmission...
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