Blackstone, Pennsylvania and investment
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The joint venture lacks identified customers and gas turbines, and the first power plants likely wouldn't be built until around 2031, depending on data center interest.
Pennsylvania electric and gas utility PPL and Blackstone Infrastructure have formed a joint venture to build natural gas generation stations to power data centers under long-term energy services agreements,
The summit was held July 15 at Carnegie Mellon University and featured top executives in energy and AI, global investors, among others.
President Donald Trump and U.S. Sen. David McCormick on Tuesday announced tens of billions of dollars in energy investments throughout Pennsylvania, and two energy companies with Lehigh Valley
PPL and Blackstone form joint venture to build natural gas power plants to meet rising demand from data centers and avoid electricity shortfalls.
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