Blackstone Infrastructure has announced a $25 billion investment towards developing digital and energy infrastructure in Pennsylvania. Blackstone Infrastructure and PPL Corporation also announced a partnership to build natural gas generation stations to power data centers in the commonwealth.

PPL Corp. (NYSE:PPL) is the "biggest winner" from this week's Pennsylvania Energy and Innovation Summit, with its joint venture with Blackstone Infrastructure to build gas-fired power plants to serve data centers in Pennsylvania and across the PJM Interconnection,

CoreWeave's $6 billion investment in Pennsylvania suggests there could be vast promise for AI data centers in a state already leading in energy production.

Blackstone plans to invest $25 billion in developing data centers and power plants in Pennsylvania, President and Chief Operating Officer Jon Gray said at a panel at the Energy and Innovation Summit in Pittsburgh on Tuesday.

The summit was held July 15 at Carnegie Mellon University and featured top executives in energy and AI, global investors, among others.

Gov. Josh Shapiro, and top energy executives unveiled more than $90 billion in new investments aimed at positioning Pennsylvania as a major hub for energy ... Read More »

Blackstone (BX) plans to spend $25B to develop data centers and power plants in Pennsylvania, according to a media report published on Tuesday.

Blackstone is planning to invest $25bn to develop data centers and natural gas power plants to fuel them in Pennsylvania.

PPL said within its service territory in Pennsylvania alone, data center interest has reached over 60 gigawatts (GW) of potential projects, with over 13 GW in advanced stages of planning. If all 13 GW come online, PPL estimated a 6 GW generation shortfall in PPL Electric Utilities’ service territory in the next five to six years.

Pennsylvania electric and gas utility PPL and Blackstone Infrastructure have formed a joint venture to build natural gas generation stations to power data centers under long-term energy services agreements,

Blackstone (BX) reported a 23% price increase over the last quarter, influenced by its impressive investment initiative aimed at Pennsylvania's digital and energy infrastructure. This $25 billion investment signifies a strong commitment to advancing infrastructure growth,