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Investing.com -- Asset management firm Blackstone (NYSE:BX) will announce a $25 billion investment in data centers and energy infrastructure in Pennsylvania, Chief Operating Officer Jon Gray said Tuesday.
Gray made the announcement during a panel at the Energy and Innovation Summit in Pittsburgh. He said Blackstone had identified several sites to build large data centers across the state.
The investment plan also includes a partnership with a Pennsylvania utility to build multiple natural gas generation plants, which will be announced at a later date, according to Gray.
This major investment represents a significant expansion of Blackstone’s infrastructure portfolio in Pennsylvania, combining both data center development and energy production facilities.
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