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Data centres continue to consume record breaking amounts of energy. Could natural gas be the answer?
What’s happening:
- Blackstone Energy Transition Partners has entered into a deal to purchase the Potomac Energy Centre power plant located in Virginia
By the numbers:
- Blackstone Energy Transition Partners will spend $1B USD to acquire the Potomac Energy Centre
- The Potomac Energy Centre is a 774 megawatt natural gas power plant and is located within 4 miles of more than 130 individual data centres that are operational in Virginia
Why it matters:
- Blackstone has been aggressively purchasing both operating data centres as well as energy companies in an effort to be on the leading edge of artificial intelligence infrastructure globally
Going deeper:
- Natural gas has also been coming into new focus in the public markets lately, with multiple notable deals being struck recently including NG Energy (TSXV: GASX) selling a minority stake of their flagship Colombian natural gas well to Maurel & Prom
