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

The Economic Times · last updated

Synopsis

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.

Image for Blackstone to invest $25 billion in data centers and natural gas plants, COO saysReuters
Jon Gray, President and COO of Blackstone. REUTERS/Brendan McDermid/File Photo

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.

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