Blackstone Energy Transition Partners has acquired Potomac Energy Center, a 774-megawatt natural gas power plant in Loudoun County, Virginia.
This move strengthens Blackstone’s focus on energy infrastructure to support growing power demands from data centers and AI innovation. Northern Virginia accounts for 25% of U.S. data center capacity and hosts over 130 data centers, with significant growth expected.
“This investment shows our commitment to the electric infrastructure driving AI growth,” said Bilal Khan, Senior Managing Director at Blackstone Energy Transition Partners. Mark Zhu, another Managing Director, noted Potomac’s efficiency and its potential to integrate hydrogen fuel blends in the future, which could bring environmental benefits.
Lee Davis, CEO of Creto Energy, Blackstone’s North American power platform, highlighted Potomac’s reliable and high-quality generation capacity. “Potomac is critical to meeting the region’s increasing energy needs,” Davis said.
Blackstone is already the world’s largest data center provider and continues to expand its role in AI-driven infrastructure. Recent investments in CoreWeave, a cloud infrastructure provider for AI, and DDN, a leader in AI and data intelligence, further strengthen its position in this space.
Financial details of the deal remain undisclosed. Santander and Jefferies LLC acted as M&A advisors to Blackstone for the transaction.
Source: Business Wire
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