Advertise your business here! 🚀

Contact us now and get more customers.

Smiling woman thumbs up

Blackstone To Invest $25 Billion In Co-Located Data Centers, Gas Plants In Pennsylvania

oil-gas
Jul 15, 2025
Article Source LogoPipeline Gas Journal
Pipeline Gas Journal

(Reuters) — 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 July 15.

Blackstone had identified several sites to build the energy-intensive centers, Gray said, adding that the private equity firm also plans to partner with an electric utility to build multiple natural gas power generation facilities to fuel the data centers in Pennsylvania.

Big Tech is fueling a turnaround in U.S. power consumption with the expansion of data centers, which are needed to train and roll out artificial intelligence.

One of the biggest roadblocks in the race to expand artificial intelligence technologies are the long wait times, caused by supply chain constraints and permitting, to power data centers. Locating data centers directly at the sites of power plants, an arrangement known as co-location, can potentially cut down time to power.

Blackstone plans to focus on co-located projects in Pennsylvania, Gray said.

"What makes us so excited about this area is the idea that you can co locate data centers directly next to the source of power and that's really the special sauce here is being able to put these things together," Gray said.

Share Your Insights!

Publish your articles, reach a global audience, and make an impact.

0
Recent Comments

Oil and Gas Related News You might want to check out

View by
Blackstone To Invest $25 Billion In Co-Located Data Centers, Gas Plants In Pennsylvania
Blackstone To Invest $25 Billion In Co-Located Data Centers, Gas Plants In Pennsylvania
Pipeline Gas Journal
15 July 2025
oil-gas
Adnoc Gas Signs $400M Lng Deal With Germany’S Sefe
Adnoc Gas Signs $400M Lng Deal With Germany’S Sefe
Arabian Gulf Business Insight
14 July 2025
oil-gas
Dangote Refinery To Build 1.6 Million-Barrel Fuel Storage Facility In Namibia
Dangote Refinery To Build 1.6 Million-Barrel Fuel Storage Facility In Namibia
Energy Capital Power
14 July 2025
oil-gas
Nigeria’S Oil Rig Count Climbs To 46, Backed By $8B In Investment
Nigeria’S Oil Rig Count Climbs To 46, Backed By $8B In Investment
Energy Capital Power
14 July 2025
oil-gas
208-Mi Mississippi-To-Alabama (U.S.) Gas Pipeline Moves Into Ferc Review
208-Mi Mississippi-To-Alabama (U.S.) Gas Pipeline Moves Into Ferc Review
Gas Processing and LNG
14 July 2025
oil-gas
Venezuela'S Pdvsa Reports $17.5 Billion In 2024 Oil Revenue As Exports Jump
Venezuela'S Pdvsa Reports $17.5 Billion In 2024 Oil Revenue As Exports Jump
Pipeline Gas Journal
12 July 2025
oil-gas
208-Mile Mississippi-To-Alabama Gas Pipeline Moves Into Ferc Review
208-Mile Mississippi-To-Alabama Gas Pipeline Moves Into Ferc Review
Pipeline Gas Journal
12 July 2025
oil-gas
Adnoc Gas Enters $400M Lng Supply Agreement With Sefe
Adnoc Gas Enters $400M Lng Supply Agreement With Sefe
Offshore Technology
11 July 2025
oil-gas
Adnoc Gas And Sefe Signs $400 Million Lng Supply Agreement
Adnoc Gas And Sefe Signs $400 Million Lng Supply Agreement
Saudi Gulf Projects
10 July 2025
oil-gas
New Fortress $20 Billion Gas Deal Halted By Puerto Rico Watchdog
New Fortress $20 Billion Gas Deal Halted By Puerto Rico Watchdog
Pipeline Gas Journal
10 July 2025
oil-gas
Uk Bags $10B Japanese Investment For Offshore Wind And Hydrogen Projects
Uk Bags $10B Japanese Investment For Offshore Wind And Hydrogen Projects
Offshore Engineer
09 July 2025
oil-gas
Hynamics Uk And Hy24 To Develop $407M Green Hydrogen Facility In Uk
Hynamics Uk And Hy24 To Develop $407M Green Hydrogen Facility In Uk
Offshore Technology
09 July 2025
oil-gas