Blackstone's COO: Blackstone will invest $25 billion in Pennsylvania data centres and natural gas plants

Gray, Blackstone's President and Chief Operation Officer, said that the company plans to invest $25 Billion in data centers and power plants throughout Pennsylvania. Gray spoke at a Tuesday panel discussion at the Energy and Innovation Summit held in Pittsburgh. Gray stated that Blackstone has identified several locations to build these energy-intensive data centers. The private equity firm plans to also partner with an electric company to build multiple natural gasoline power generation facilities in Pennsylvania to fuel the centers. The expansion of data centres, which is needed to train and deploy artificial intelligence, has been a major factor in the reduction of U.S. energy consumption. The long waiting times for powering data centers, due to supply chain restrictions and permits, are one of the major roadblocks to the expansion of artificial intelligence. Co-location of data centers at power plants can reduce the time it takes to get power.

Gray stated that Blackstone will focus on co-located project in Pennsylvania.

Gray replied.

(source: Reuters)