The Northern Virginia region currently represents approximately 25 percent of U.S. data center capacity, and the Potomac plant is located in close proximity to over 130 data centers – with significant further growth expected'.

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.

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

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

"Blackstone Energy to buy $1bn gas-fired power plant in Virginia" was originally created and published by Power Technology, a GlobalData owned brand.

Blackstone Energy Transition Partners ( BX, Financials) announced its agreement to acquire the Potomac Energy Center, a 774-megawatt natural gas power plant in Loudoun County, Virginia, as part of its strategy to enhance infrastructure for data centers and artificial intelligence.

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,