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06.01.26 - 16:12
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Vistra Jumps After Buying 10 Nat Gas-Fired Power Plants For $4 Billion (ZeroHedge)
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Vistra Jumps After Buying 10 Nat Gas-Fired Power Plants For $4 Billion
It didn't take long for markets to get a reminder of the screaming shortage of energy assets needed to energize the AI revolution.
Late on Monday, electricity supplier Vistra agreed to pay $4 billion for 10 natural gas-fired power plants in the US Northeast and Texas to expand the electricity supplier's generation capacity in fast-growing energy markets.
The acquisition, which was funded with $2.3 billion in cash, $900 million in Vistra stock and the assumption of $1.5 billion in debt (partly offset by expected tax benefits) includes assets with a total capacity of 5.5 gigawatts on three major US grids: New England, Texas and PJM, the system that spans New Jersey to Chicago.
The acquisition includes three combined cycle gas turbine facilities, two combustion turbine facilities located across PJM, four combined cycle gas turbine facilities in ISO New England and one cogeneration facility in ERCOT. The generato...
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03.01.26 - 22:57
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The Unreported Story Of Grid Scale Battery Fires (ZeroHedge)
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The Unreported Story Of Grid Scale Battery Fires
Authored by Francis Menton via the Manhattan Contrarian,
The geniuses who are planning New York's energy future think that they can make intermittent wind and solar generators work to power the electrical grid by the simple device of providing some battery storage. The idea is that when there is abundant wind and sun, they can store up the power for use during those calm and dark periods in the winter. How much battery storage will that take? It's a simple arithmetic calculation, but none of our supposed experts have taken the trouble to crunch the numbers.
A fire burns at Vistra's battery storage facility in Moss Landing, California, on Jan. 17.Photographer: Nic Coury/Bloomberg
Nevertheless, without any kind of feasibility study of whether this will work, they soldier forth building large grid-scale battery storage facilities. The battery building program is under way, at least to some degree, and a few such facilities are actually complete ...
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01.01.26 - 18:00
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Is Vistra Stock a Buy Now? (Fool)
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Vistra is in a prime position to benefit from power-hungry data centers that power artificial intelligence (AI)....
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