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.