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Blackstone is investing over $25 billion in Pennsylvania to develop digital and energy infrastructure, including new data centers and power plants, specifically targeting the growth of AI-related industries.
This investment, led by Blackstone Infrastructure and Blackstone Real Estate, aims to catalyze an additional $60 billion in private investment across the state.
The initiative includes a partnership with QTS, a major data center operator, to develop multiple data center sites in northeastern Pennsylvania.
A joint venture with PPL Corp, a utility company, will focus on developing natural gas power generation to support the energy needs of these data centers.
Key aspects of the investment: Data Center Development: QTS Data Centers, a Blackstone portfolio company, will lead the development of new data center campuses in northeastern Pennsylvania. Power Generation: A joint venture with PPL will focus on building natural gas power plants to provide a reliable energy supply for the data centers.
Strategic Location: The data centers are strategically located near the Marcellus and Utica shale basins, which provides access to natural gas for power generation..
