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Hallador Energy buys $350M Siemens turbines to boost Merom gas project, aiming revenue by 2028-2029.

Company Fundamentals
01 Jun 2026
Hallador Energy Company
View Source
Bullish
pluang ai news

Hallador Energy has acquired 460 MW of Siemens gas turbines and related equipment for $350 million to advance its Merom natural gas generation project. This purchase secures critical equipment amid supply constraints and reduces project timing risks. The Merom project is progressing through the MISO interconnection process, with revenue generation expected between late 2028 and mid-2029. Hallador plans to finalize financing and long-term power agreements as it moves toward a final investment decision in late 2026.

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