Vistra helps firms enter markets and manage assets and entities as a fund administrator and corporate service provider across 50+ markets. It offers corporate and fund solutions to handle day-to-day operations so clients can focus on their core business, including market entry and ongoing administration. Its integrated, global approach combines corporate services and fund administration across multiple jurisdictions, simplifying cross-border needs. Goal: enable clients to set up, run, and expand operations efficiently while handling compliance and governance.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Irving, Texas
Founded
2009
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The US Department of Energy has approved approximately $4 billion in federal loans for Vistra to upgrade three nuclear plants serving the PJM grid. The funding addresses growing power demands from data centres and other intensive users, positioning Vistra as a critical reliability provider in the tightening US power system. The loan package supports Vistra's strategy of securing long-term contracted power generation. However, the company faces regulatory uncertainty, having recently challenged PJM's Interim Resource Adequacy Service at FERC over concerns about investment impacts and capacity pricing for large loads. Vistra's business narrative projects $26 billion in revenue and $4.1 billion in earnings by 2029, requiring 10.7% annual revenue growth. Some analysts forecast higher figures of $33.4 billion in revenue and $4.9 billion in earnings by the same year.
Samsung to invest $1bn in AI infrastructure company Helix. Sep 29, 2026 Samsung Electronics to invest USD 500 million; five other affiliates investing the remainder Samsung affiliates' capabilities across the AI infrastructure stack provide a strong basis for future cooperation with Helix Samsung commits to Helix's global AI infrastructure build-out alongside KKR, Kuwait Investment Authority, NVIDIA, and Vistra Samsung Electronics, Samsung C&T, Samsung SDS, Samsung SDI, Samsung Life Insurance and Samsung Fire & Marine Insurance today announced they are investing a combined USD 1 billion in Helix Digital Infrastructure, an AI infrastructure company established by global investment firm KKR. Launched in June 2026, Helix is an AI-enabling infrastructure provider that is designed to deliver integrated solutions across the entire value chain, including hyperscale data center development and operations, power generation (covering both baseload and flexible energy sources), transmission and distribution infrastructure, and fiber-optic networks. Through Helix, hyperscalers can rapidly secure the large-scale, comprehensive infrastructure required to keep pace with exponentially growing AI demands. Helix is led by Adam Selipsky, former CEO of Amazon Web Services (AWS) and is assembling a dedicated management team comprising leading experts from the data center and power industries. Helix also leverages the capabilities of KKR's leading global infrastructure business with about 170 dedicated professionals. Alongside Samsung, KKR, the Kuwait Investment Authority (KIA), NVIDIA, and US power company Vistra are also founding investors in Helix. AI data centers evolve into core platforms for a new industrial ecosystem. AI data centers are rapidly evolving beyond simple facility investments into core business platforms. Today, they integrate diverse, high-value business models, including GPU-as-a-Service (GPUaaS), Sovereign AI, and colocation services. The rapid expansion of these data centers is driving the creation of a massive, multi-sector ecosystem that spans power generation, cooling technologies, semiconductors, and finance. Samsung affiliates' investment reflects a strategic commitment to securing next-generation AI leadership within this emerging infrastructure landscape. As AI services integrate deeper into daily life and global industries, the need for data centers capable of processing massive compute workloads - and the specialized power infrastructure required to run them stably - is growing exponentially. If data centers are the production hubs of the AI era, power is the fuel that drives them. Consequently, the ability to secure both compute and power infrastructure simultaneously has emerged as a defining competitive advantage in the AI industry. By targeting both data center deployment and the underlying power infrastructure, Helix's investment strategy addresses the very core of this market competition. Recognizing that power availability is currently the greatest bottleneck in AI infrastructure, Helix plans to rapidly secure energy capacity through direct investments and strategic partnerships with major energy developers, including investor Vistra. The investment this time is expected to serve as a pivotal milestone for Samsung's affiliates, allowing them to leverage their world-class hardware and component expertise to build system- and infrastructure-level influence. Moving forward, Samsung is poised to expand its role from a traditional hardware component supplier to an active architect of the global AI infrastructure ecosystem. Samsung's expertise across the AI infrastructure stack serves as critical anchor for global AI buildout. Samsung Electronics' Device Solutions (DS) Division supports the global buildout with its state-of-the-art semiconductor solutions, responding to changes in global demand in a timely manner. Samsung Electronics' Device eXperience (DX) Division delivers a comprehensive portfolio of data center cooling products and solutions - from air cooling systems to coolant distribution units (CDUs) for liquid cooling - through FläktGroup, its data center HVAC specialist subsidiary acquired in 2025. It also operates 14 production sites worldwide and a supply and service network across 65 countries, giving it the speed and flexibility to meet hyperscalers' demands for rapid capacity expansion. Samsung C&T Engineering & Construction Group is actively driving the large-scale infrastructure projects as an engineering, procurement, and construction (EPC) contractor across data centers and power generation. Samsung SDS is an IT solutions provider that also designs, builds and operates data centers and has recently ventured into the GPUaaS business. The company boasts the lowest power usage effectiveness (PUE) level in Korea which it applies both to its own data centers and to the Korea AI Computing Center (KOACC). Samsung SDI is recognized for world-leading technology in uninterruptible power supplies (UPS) and battery backup units (BBUs), both essential to running data centers that operate high-performance servers 24 hours a day. It plans to explore new business opportunities in this field, where ultra-high-output, high-capacity battery technology is essential. Through this investment, Samsung Electronics and its affiliates aim to accelerate global AI data center deployment alongside Helix, while maximizing collaborative synergies among participating companies.
Vistra Operations Company LLC completed a $1.5 billion underwritten public offering of junior subordinated notes on 24 September 2026. The offering comprised two tranches: $850 million of 7.000% Series A notes and $650 million of 7.250% Series B notes, both maturing in 2057. Both series are guaranteed by parent company Vistra Corp. Wilmington Trust, National Association serves as trustee under the indenture. The underwriting syndicate included Barclays Capital, BofA Securities, Mizuho Securities USA, MUFG Securities Americas, and Truist Securities. The offering was registered under a Form S-3 filed on 8 September 2026, with Sidley Austin LLP providing legal counsel.
U.S. Developers re-use coal-fired infrastructure for new power. Multiple developers have successfully incorporated infrastructure from retired coal-fired power plants into new projects, and the facilities continue providing sites for new solar, battery and nuclear power projects. Released Friday, September 18, 2026 Reports related to this article: Summary. Developers have implemented solar and battery facilities at retired coal-fired plants to take advantage of existing infrastructure and grid connections. Existing connections. U.S. coal-fired power is getting a bit of a life extension in a very supportive second Trump administration, with eased regulatory and emissions policies and a few "stay open" orders at coal-fired plants slated for retirement. While some of those plants may, in fact, stay open longer, that didn't stop a bevy of U.S. coal-fired plant retirements in years past. Some plant developers have made the most of this existing, dormant infrastructure by placing solar or battery energy storage systems (BESS) at the sites. In addition, nuclear power is now entering the picture. Successful projects. Solar and BESS installations at former coal-fired sites gained ground a few years ago as the technologies became less expensive and more accessible, and some of these projects already have been completed. One successful example comes from Vistra Energy, which built a 44-megawatt (MW) and 2-MW solar array at the retired Coffeen coal-fired power station in Coffeen, Illinois, which stopped operating in 2019. As is typical, the renewable energy replaces only a fraction of the retired capacity, which was more than 1,000 MW. However, the solar and BESS facilities were able to take advantage of the site's transmission connection to the MISO grid, marking a successful repurposing of the retired infrastructure. Readers can access details of the project, including construction timelines, key contact details, and equipment and service needs, by clicking here. An even larger project was completed just prior to that at the site of the retired San Juan Generating Station, where D.E. Shaw Renewables Incorporated (DESRI) completed a 200-MW solar facility and a 100-MW/400-megawatt-hour (MWh) BESS unit in 2024. Again, the coal-fired plant's infrastructure was a key part of the new facility's grid connection. DESRI is moving forward with other solar and BESS projects in the immediate San Juan area, including the Foxtail Flats development, which would include 170 MW of solar power and 80 MW/320 MWh of BESS capacity, as well as the Four Mile Mesa facility with even more solar and BESS capacity. AES Indiana successfully added BESS and solar capacity in two separate projects at the Petersburg Generation Station, which differs from the other plants in that only two of the four coal-fired units have been retired, with units 3 and 4 being converted to burn natural gas, which is expected to take effect later this year. Ongoing & future projects. Other companies continue taking advantage of existing coal-related infrastructure. Duke Energy is adding 167 MW of new BESS capacity at the retired Allen Steam Station in Belmont, North Carolina. The project is expected to wrap up next year. Similarly to the AES, two coal-fired units have been converted to natural gas at the Naughton Power Station in Kemmerer, Wyoming. TerraPower is building its 345-MW Natrium advanced nuclear reactor near the site to leverage existing facility infrastructure. The U.S. Nuclear Regulatory Commission issued a construction permit for the reactor in March this year, and work is expected to be well underway next year, putting the reactor on track for completion by around 2031. The Tennessee Valley Authority (TVA) also has commissioned studies related to potential small modular reactor (SMR) construction at coal sites, but its SMR project that is furthest along, Clinch River, doesn't fit this category. Key Takeaways * Previous projects have successfully leveraged retired coal-fired infrastructure for power from new solar and BESS facilities. * Existing transmission infrastructure and grid connections provide can cut costs and permitting times for new forms of energy. About Industrial Info Resources Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, Industrial Info Resources is tracking over 250,000 current and future projects worth $30.2 trillion (USD). Want more IIR news intelligence? Make Industrial Info Resources, Inc. a Preferred Source on Google to see more of Industrial Info Resources, Inc. when you search. Ask Industrial Info Resources, Inc.. Submit a question and one of its experts will be happy to assist you. By submitting this form, you give Industrial Info permission to contact you by email in response to your inquiry. Forecasts & analytical solutions. Where global project and asset data meets advanced analytics for smarter market sizing and forecasting. PECWeb Global Market Intelligence platform. Identify opportunities, anticipate change, and execute with confidence. 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Constellation Energy and Vistra, two major US independent power producers, are benefiting from surging electricity demand driven by AI expansion, particularly from data centres. Over the past three years, Constellation's stock has risen 137%, whilst Vistra's has soared 330%. Constellation operates facilities with 55 GW capacity, including the country's largest nuclear fleet at 22 GW, serving 80% of the Fortune 100. The company expects adjusted operating earnings to grow 22%-33% in 2026 to $11.50-$12.50 per share. Analysts project 29% earnings growth in 2026 and 10% in 2027. Vistra operates facilities with 44 GW capacity, relying primarily on natural gas (62% of capacity) rather than nuclear power. Both companies benefit from the Zero-Emission Nuclear Production Tax Credit established under the 2022 Inflation Reduction Act.