Blackstone to invest over $25 billion in Pennsylvania's digital and energy infrastructure, catalyzing an additional $60 billion investment

Blackstone announced a commitment to invest over $25 billion in Pennsylvania's digital and energy infrastructure, with the goal of catalyzing an additional $60 billion in investment. This initiative includes Blackstone-backed QTS developing and operating new data center sites and a joint venture with PPL to invest in new natural gas power generation facilities to support AI and reindustrialization efforts. This strategic move positions Pennsylvania as a key hub for AI innovation, leveraging its abundant low-cost energy resources.

Counterparts (3)

Investor

Blackstone

company · 6 deals

Blackstone is the world's largest alternative asset manager, serving institutional and individual investors by building strong businesses that deliver lasting value. They invest in dynamic sectors positioned for long-term growth, leveraging their scale and operational expertise to drive transformation and create value.

Developer

QTS

company

QTS Realty Trust, now owned by Blackstone, is a leading provider of data center solutions across a diverse footprint in North America and Europe. They offer a comprehensive portfolio of services, including colocation, hybrid cloud, and hyperscale solutions.

Partner

P

PPL

company