Private equity firms, including Energy Capital Partners, are cashing in on natural gas-fired power plants as electricity producers scramble to meet surging demand driven by artificial intelligence, according to a report by Bloomberg.
The firm recently sold three gas plants it acquired from a Blackstone and ArcLight joint venture for $3.45bn, just five months after a $2.3bn purchase, securing a quick profit of more than $1bn.
The flurry of transactions reflects a broader trend, with more than $8bn of US gas plants changing hands in January alone, compared with $25 billion for all of 2025, according to Enverus. Rising energy demand, constrained new capacity, and soaring electricity prices are boosting valuations for existing generation assets, creating lucrative exits for private equity investors.
Other firms, including LS Power and Energy Capital Partners, have also benefited from rising power prices and AI-driven electricity needs, turning long-held portfolios into record returns.
