Blackstone is set to invest $25bn in a large-scale infrastructure push across Pennsylvania, focused on developing co-located data centres and natural gas power plants, according to a report by Bloomberg citing President and COO Jon Gray.
Speaking at the Energy and Innovation Summit in Pittsburgh on Tuesday, Gray revealed that the private equity giant has already identified several sites for the energy-intensive data centres and plans to partner with an electric utility to build multiple natural gas-fired power generation facilities that will provide direct, on-site power.
The move comes as surging demand for AI-driven computing infrastructure drives a new wave of investment in US energy and data assets. Co-location – placing data centres adjacent to power plants – is emerging as a key solution to overcome long permitting timelines and grid bottlenecks.
The initiative aligns with Blackstone’s broader strategy of integrating digital infrastructure and energy assets, tapping into the tailwinds of AI adoption, rising power consumption, and the need for resilient grid solutions.
