Matrix NAC Secures Contract To Advance Cumulus' Data Center Campus Project

  • Matrix Service Co MTRX subsidiary Matrix NAC has secured the greenfield construction of a substation and transmission and distribution work at Cumulus Data's Susquehanna data center campus, currently under construction outside Berwick, Pennsylvania.
  • Cumulus Data is a subsidiary of Talen Energy Corp. The 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 energy to the data center and cryptocurrency processing clients operating on the campus.
  • In addition to supporting new clean energy projects, this project marks an expansion of Matrix Service's electrical infrastructure services into new geographic markets.
  • Price Action: MTRX shares are trading higher by 1.86% at $6.57 on the last check Tuesday.
Market News and Data brought to you by Benzinga APIs
Posted In: NewsContractsBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!