ADQ and Energy Capital Partners have announced a joint venture to invest $25bn in power generation and energy infrastructure, targeting the growing electricity demand from data centers and energy-intensive industries.

The partnership will focus primarily on the US market, with select international investments.

The initiative aims to develop 25 gigawatts of power generation projects, supported by an initial capital commitment of $5bn from both firms. The investment strategy prioritizes greenfield developments, new builds, and expansion projects to secure a stable energy supply for hyperscale cloud computing and industrial electrification.

Global electricity consumption is projected to rise at its fastest pace in recent years, driven by artificial intelligence and the expansion of high-density data centers. The US Department of Energy estimates that data center power demand has tripled over the past decade and could double or triple again by 2028. Research indicates that global data center power consumption could increase by 50 percent by 2027 and up to 165 percent by the end of the decade.

Mohamed Hassan Alsuwaidi, managing director and group CEO of ADQ, emphasized that the rise of AI and digital transformation presents significant opportunities in energy infrastructure. He stated that the partnership with Energy Capital Partners will enable meaningful investments in power assets to support growing demand.

Doug Kimmelman, founder and executive chairman of Energy Capital Partners, underscored the urgency of developing large-scale power generation projects, particularly natural gas-fired facilities, to meet the expanding needs of hyperscale data centers.

ADQ, which manages over 25 portfolio companies across 130 countries, has prioritized infrastructure investments across energy, utilities, healthcare, and logistics. Energy Capital Partners, founded in 2005, has built a strong track record in energy transition infrastructure, owning and operating more than 83 gigawatts of power generation assets across major US markets.

With demand for reliable power accelerating alongside AI-driven growth, the ADQ-Energy Capital Partners venture positions itself as a major player in ensuring sustainable and scalable energy solutions for the digital economy.