The Potomac Energy Center deal is Blackstone’s most recent investment in the power infrastructure supporting data centers and the AI revolution, one of the firm’s highest-conviction areas.
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 ...
Terms of the deal were not disclosed, but Reuters reported the sale price for the Potomac Energy Center at around $1 billion. The seller is Los Angeles-based investment firm Ares Management Corp ...
Blackstone Energy Transition Partners announced Friday it reached an agreement to acquire the 774 megawatt Potomac Energy Center generating station. It didn't disclose the price, but Reuters ...
He noted that Potomac Energy Center is ideally positioned to meet the growing power demands from data centers in Northern Virginia. “We are particularly excited about this investment given the ...
The Potomac Energy Center is a 774 MW natural gas-fired power plant in Loudoun County, Virginia. The northern area of the state represents approximately 25 percent of U.S. data center capacity ...
We recently compiled a list of the 10 AI News Updates Investors Should Not Miss. In this article, we are going to take a look at where Blackstone Inc. (NYSE:BX) stands against the other AI stocks.
LOUDOUN COUNTY, Va. & NEW YORK--(BUSINESS WIRE)--Blackstone (NYSE: BX) announced today that Blackstone Energy Transition Partners (“Blackstone”) have agreed to acquire Potomac Energy Center ...
(Reuters) -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 ...
We believe Potomac is well-positioned to help meet data center-driven power demand growth in Northern Virginia.” Mark Zhu, Managing Director at Blackstone Energy Transition Partners, added ...