×

Blackstone to invest $25 billion in data centers and natural gas plants, COO says

By Thomson Reuters Jul 15, 2025 | 9:28 AM

(Reuters) -Asset management firm Blackstone will announce on Tuesday a $25 billion investment in data centers and energy infrastructure in Pennsylvania, Chief Operating Officer Jon Gray said at a panel at the Energy and Innovation Summit in Pittsburgh.

Gray said Blackstone had identified several sites to build large data centers and would also later be announcing with a Pennsylvania utility a plan to build a number of natural gas generation plants.

(Reporting by Ryan Patrick Jones in Toronto)