SIEGY

Hallador Energy has agreed to acquire 460 MW worth of Siemens turbines for $350 million to advance its Merom natural gas generation project. The turbines are expected to undergo restoration at U.S. facilities, with revenue generation targeted to begin between late 2028 and mid-2029. The deal marks a significant capital commitment as Hallador continues its transition toward natural gas power generation.

Siemens reported order intake that rose more than analysts expected, according to Reuters, despite headwinds from tensions related to the Iran conflict. The result suggests demand for Siemens' industrial and infrastructure products remains resilient in the current geopolitical environment. No specific order figures or guidance changes were detailed in the headline.