By Denny Jacob
Blackstone agreed to acquire Potomac Energy Center, a natural gas power plant in Virginia.
Financial terms of the deal weren't disclosed.
The private equity firm said the deal through Blackstone Energy Transition Partners represents its most recent investment in the power infrastructure supporting data centers and the artificial-intelligence boom.
The New York-based firm said the Potomac plant is located in close proximity to over 130 data centers.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
January 24, 2025 09:34 ET (14:34 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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