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'.

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

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

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.

Ares Management’s Potomac Energy Center, sited in Virginia near more than 130 data centers, is expected to see “significant further growth,” Blackstone Energy Transition Partners said.

Blackstone Energy Transition Partners will buy gas-fired power plant in Loudoun County for about $1B. Read more.

Surging electricity growth is providing more opportunities for investors, especially in natural gas-fired generation.

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.