The unit of Blackstone dedicated to investments in the energy industry has agreed to acquire Potomac Energy Center, the asset manager told Reuters on Thursday, in a deal symbolizing the allure to investors of power plants sited near data centers.

Blackstone Energy Transition Partners ( BX, Financials) announced its agreement to acquire the Potomac Energy Center, a 774-megawatt natural gas power plant in Loudoun County, Virginia, as part of its strategy to enhance infrastructure for data centers and artificial intelligence.

"Blackstone Energy to buy $1bn gas-fired power plant in Virginia" was originally created and published by Power Technology, a GlobalData owned brand.

Surging electricity growth is providing more opportunities for investors, especially in natural gas-fired generation.

Blackstone has acquired the 774-megawatt Potomac Energy Center in Loudoun County, Virginia. This strategic move strengthens Blackstone's investments in energy infrastructure.

Blackstone Energy Transition Partners today announced plans to acquire the Potomac Energy Center, a 774-megawatt natural gas power plant south of Leesburg.

Blackstone’s energy investment unit has agreed to purchase the Potomac Energy Center from Ares Management. First reported by Reuters, Blackstone Energy Transition Partners will acquire the 774MW natural gas plant in Loudoun County, Northern Virginia.

Blackstone is positioning itself at the forefront of this rapidly evolving sector. Blackstone's energy investment unit has made a significant move in the power sector, agreeing to acquire the Potomac Energy Center in a deal that underscores the growing appeal of power plants located near data centers.