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 $1B Power Plant Near Virginia Data Centers
Blackstone is positioning itself at the forefront of this rapidly evolving sector. Blackstone's energy investment unit has made a significant move in the power sector, agreeing to acquire the Potomac Energy Center in a deal that underscores the growing appeal of power plants located near data centers.
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
Blackstone Energy Transition Partners To Acquire Potomac Energy Center: Retail Remains Bullish
Shares of Blackstone Inc (BX) were in the spotlight on Friday after the company announced that Blackstone Energy Transition Partners have agreed to acquire Potomac Energy Center, a 774-megawatt natural gas power plant in Loudoun County,
Blackstone Energy to buy $1bn gas-fired power plant in Virginia
Blackstone Energy Transition Partners has agreed to acquire the 774MW Potomac Energy Center in Loudoun County, Virginia, as reported by Reuters. The Potomac Energy Center, a natural gas-fired power plant built in 2017,
Blackstone’s Schwarzman stirs London art market with record purchases
Private equity chief spends millions on 18th century society portraits by Joshua Reynolds and Thomas Gainsborough ...
Blackstone Long-Short Credit Income Fund: A Hold Amid Rate Cuts
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Blackstone Plans to Sell Hotel Investment Partners, Cinco Dias Reports
(Reuters) - Private equity fund Blackstone is readying the sale of Spain-based Hotel Investment Partners (HIP), which is ...
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 ...
Blackstone nears deal to take full control of UK railway arches
Blackstone is closing in on a deal to take full control of a £2bn portfolio of more than 5,000 UK railway arches, buying out its partner five years after a deal that symbolised the advance of US ...
Smartsheet officially goes private, completes acquisition by Blackstone and Vista Equity Partners
Smartsheet is a private company again. The Bellevue, Wash.-based enterprise software giant completed its $8.4 billion ...
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Blackstone in MoU to invest $11 bn in Maharashtra over 3-5 years
Global private equity investment giant Blackstone this week signed three memoranda of understanding with the government of ...
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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.