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Blackstone to Invest $25 bln in Data Centers and Natural Gas Plants, COO Says

Business & Policy
July 15, 2025

(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.

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Reporting by Ryan Patrick Jones in Toronto