With a $1B power plant deal in Virginia, Blackstone continues to bet big on data centers and the infrastructure to power them.

Prominent private equity investment firm Blackstone has agreed to acquire the 774-MW Potomac Energy Center—a natural gas power plant located in Virginia’s

The unit of Blackstone dedicated to investments in the energy industry has agreed to acquire Potomac Energy Center, the asset manager told Reuters on Thursday, in a deal symbolizing the allure to investors of power plants sited near data centers.

Blackstone has acquired the 774-megawatt Potomac Energy Center in Loudoun County, Virginia. This strategic move strengthens Blackstone's investments in energy infrastructure.

The transaction represents Blackstone’s most recent investment in the power infrastructure supporting data centers and AI.

Blackstone Energy Transition Partners today announced plans to acquire the Potomac Energy Center, a 774-megawatt natural gas power plant south of Leesburg.

Surging electricity growth is providing more opportunities for investors, especially in natural gas-fired generation.

Shares of Blackstone Inc (BX) were in the spotlight on Friday after the company announced that Blackstone Energy Transition Partners have agreed to acquire Potomac Energy Center, a 774-megawatt natural gas power plant in Loudoun County,