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 Energy Transition Partners to Acquire Virginia Power Plant to Support AI Growth
Blackstone Energy Transition Partners ( BX, Financials) announced its agreement to acquire the Potomac Energy Center, a 774-megawatt natural gas power plant in Loudoun County, Virginia, as part of its strategy to enhance infrastructure for data centers and artificial intelligence.
Fueling AI And Data: Blackstone's Latest Power Play Targets Virginia's Energy-Hungry Tech Hub
Blackstone has acquired the 774-megawatt Potomac Energy Center in Loudoun County, Virginia. This strategic move strengthens Blackstone's investments in energy infrastructure.
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.
Blackstone Buys NatGas Plant in ‘Data Center Valley’ for $1B
Ares Management’s Potomac Energy Center, sited in Virginia near more than 130 data centers, is expected to see “significant further growth,” Blackstone Energy Transition Partners said.
Blackstone acquires natural gas plant in Virginia’s data center alley
Surging electricity growth is providing more opportunities for investors, especially in natural gas-fired generation.
Blackstone Energy Transition To Acquire 774-Megawatt Virginia Power Plant
Blackstone Energy Transition Partners, a division of Blackstone (BX), Friday announced its agreement to acquire Potomac Energy
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Blackstone Plans to Sell Hotel Investment Partners, Cinco Dias Reports
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Blackstone to acquire Potomac Energy Center, terms undisclosed
Blackstone (BX) announced that Blackstone Energy Transition Partners have agreed to acquire Potomac Energy Center, a 774-megawatt natural gas ...
Smartsheet officially goes private, completes acquisition by Blackstone and Vista Equity Partners
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Blackstone in MoU to invest $11 bn in Maharashtra over 3-5 years
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Blackstone To Deploy $6 Bn For Building Data Centres In Maharashtra
Blackstone is to aside $6 Bn for developing data centres in the state of Maharashtra to expand its on going projects.