Coal- and Gas-Fired Power Plants Have a New Best Friend: Data Centers

Coal- and gas-fired power plants have a new best friend: data centers

The data center boom is here to stay, but so is climate change. Load growth is not an excuse to reverse progress and renew dependence on fossil fuel energy.

ArcLight Betting About $5 Billion on New Gas-Fired Power Plants

ArcLight Capital Partners acquired electricity developer Advanced Power with a plan to build 20 gigawatts of natural gas-fired plants in the US mainly to feed power-hungry data centers. It says it may invest about $5 billion over the next 5 years.

ArcLight eyes $5bn investment in power infrastructure

ArcLight has acquired Advanced Power and announced an initial $1bn equity commitment aimed at expanding North American power infrastructure.

ArcLight Capital Partners Acquires Advanced Power

ArcLight Capital Partners today announced the acquisition of Advanced Power, a leading power developer and manager founded in 2000, and an initial $1 billion equity commitment to build new power infrastructure. The partnership has the potential to invest more than $5 billion of equity over the next five years to enable over 20 gigawatts (GW) of new power and the acceleration of North America’s AI and data center infrastructure growth. The invest…