Why This AI Company and Blackstone Are Investing $31 Billion in Pennsylvania

Talen to Buy Two US Gas-Fired Power Plants for $3.8 Billion

Talen Energy Corp. agreed to acquire a power plant in Pennsylvania and another in Ohio for about $3.8 billion, as the race to secure US generating capacity heats up to meet rising artificial intelligence-related demand.

Why This AI Company and Blackstone Are Investing $31 Billion in Pennsylvania

CoreWeave’s $6 billion investment in Pennsylvania suggests there could be vast promise for AI data centers in a state already leading in energy production.

Blackstone to Invest More Than $25 Billion in Pennsylvania’s Digital and Energy Infrastructure, Plus Catalyze an Additional $60 Billion Investment

Business Wire Press Release.

JV Plans $15B Pennsylvania Data Center Project

Pennsylvania Data Center Partners and PowerHouse Data Center announced plans for their first joint venture: a $15 billion project with three hyperscale data center campuses in central Pennsylvania. The new AI data hub, Pennsylvania Digital I (PAX), will deliver 1.35 GW of capacity with expandability up to 1.8 GW, comprising scale and speed for AI data center development. The master plan for PAX includes the construction of three data center camp…

Blackstone to Invest $25B in Pennsylvania Data Centers and Energy Infra - HostingJournalist.com

Investment giant Blackstone has announced a major commitment to the future of Pennsylvania’s digital infrastructure, with more than $25 billion earmarked to develop data centers and expand the region’s energy capabilities. The funds, managed through Blackstone Infrastructure and Blackstone Real Estate, are aimed at catalyzing an additional $60 billion in follow-on investment, further positioning the Commonwealth as a critical node in the growing…

Blackstone to invest $25B in DCs, energy in Pennsylvania

QTS, a data center operator owned by Blackstone, has acquired multiple land parcels in Northeastern Pennsylvania for the development of data center facilities In sum, what to know: Large-scale investment – Blackstone will invest $25 billion in Pennsylvania’s energy and data infrastructure, with the aim of attracting further private-sector investment totaling up to $60 billion. […]