Blackstone to buy $1 billion Virginia power plant near data centers
The unit of Blackstone dedicated to investments in the energy industry has agreed to acquire Potomac Energy Center, the asset manager told Reuters on Thursday, in a deal symbolizing the allure to investors of power plants sited near data centers.
Blackstone to Buy Power Plant, Infrastructure Supporting Data Centers and AI Demand
The private equity firm said the deal through Blackstone Energy Transition Partners represents its most recent investment in the power infrastructure supporting data centers and the artificial-intelligence boom. The New York-based firm said the Potomac plant is located in close proximity to over 130 data centers.
The U.S. Energy Information Agency expects growth in U.S. power generation over the next two years to be mostly driven by new ...
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Authorities are battling to contain a fire at a battery facility next to the Moss Landing Power Plant in California.
One of the world’s biggest battery plants is located in a tiny harbor town perched halfway between Santa Cruz and Monterey. A ...
President Donald Trump said Thursday he will approve the construction of power plants for artificial intelligence through an emergency declaration. "We're going to build electric generating facilities ...
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