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

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 ...

announced that Blackstone Energy Transition Partners have agreed to acquire Potomac Energy Center, a 774-megawatt natural gas power plant in Loudoun County, Virginia. The transaction represents ...

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 paid about $1 billion for the 774-megawatt Potomac Energy Center — a natural gas power plant just south of Leesburg, Va., at 20260 Energy Park Drive — according ...

Blackstone Energy Transition Partners have agreed to acquire a natural-gas plant in Virginia’s “Data Center Alley,” the ...

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 ...

Acquisition of Efficient, Scale Power Plant Located Within "Data Center Alley"; Well Positioned to Help Meet Growing AI and Power Demand Growth LOUDOUN COUNTY, Va. & NEW YORK, January 24, 2025 ...

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 ...

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 ...