{"id":869899,"date":"2025-07-15T14:29:01","date_gmt":"2025-07-15T18:29:01","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/blackstone-to-invest-more-than-25-billion-in-pennsylvanias-digital-and-energy-infrastructure-plus-catalyze-an-additional-60-billion-investment\/"},"modified":"2025-07-15T14:29:01","modified_gmt":"2025-07-15T18:29:01","slug":"blackstone-to-invest-more-than-25-billion-in-pennsylvanias-digital-and-energy-infrastructure-plus-catalyze-an-additional-60-billion-investment","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/blackstone-to-invest-more-than-25-billion-in-pennsylvanias-digital-and-energy-infrastructure-plus-catalyze-an-additional-60-billion-investment\/","title":{"rendered":"Blackstone to Invest More Than $25 Billion in Pennsylvania\u2019s Digital and Energy Infrastructure, Plus Catalyze an Additional $60 Billion Investment"},"content":{"rendered":"<p>        <!--.bwlistdisc { list-style-type: disc }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p><b>Blackstone to Invest More Than $25 Billion in Pennsylvania\u2019s Digital and Energy Infrastructure, Plus Catalyze an Additional $60 Billion Investment<\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li><i>Pennsylvania is uniquely suited to serve as a strategic hub to power America&#8217;s AI future<\/i><\/li>\n<li><i>Blackstone-backed QTS, the largest independent data center operator in the world, to develop and operate new Pennsylvania data center sites<\/i><\/li>\n<li><i>Blackstone has formed a joint venture with PPL to invest in new Pennsylvania natural gas power generation facilities<\/i><\/li>\n<li><i>Over 6,000 jobs will be created or supported annually over an estimated 10-year construction timeline<\/i><\/li>\n<\/ul>\n<p>NEW YORK&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nBlackstone (NYSE: BX) announced today that funds managed by Blackstone Infrastructure and Blackstone Real Estate (\u201cBlackstone\u201d) will invest over $25 billion to support the build out of Pennsylvania\u2019s digital and energy infrastructure and help catalyze an additional $60 billion investment into the Commonwealth. This initiative builds on Blackstone\u2019s track record as the leading investor in data centers and power infrastructure.<\/p>\n<p>\nCommenting on the announcement, Jon Gray, Blackstone\u2019s President and Chief Operating Officer, said: \u201cWe\u2019re thrilled to be investing behind two of our highest conviction themes \u2013 digital infrastructure and energy \u2013 in a part of the country that is ideally situated to support and expand America\u2019s leading position in the AI revolution. We look forward to working with our partners in government, local communities, and with the people of Pennsylvania to meaningfully invest in the growth of the commonwealth\u2019s digital and energy infrastructure.\u201d<\/p>\n<p>\nSean Klimczak, Blackstone\u2019s Global Head of Infrastructure, said: \u201cPennsylvania is transforming into a strategic hub for AI innovation, and we\u2019re excited to work with our partners at PPL to invest in the generation needed to support this critical digital infrastructure.\u201d<\/p>\n<p>\nNadeem Meghji, Blackstone\u2019s Global Co-Head of Real Estate, said: \u201cThis announcement is reflective of Blackstone\u2019s track record of partnering with governments, local communities and customers to create win-win-win outcomes. As the leading global investor in data centers, we are excited to help advance the nation\u2019s digital infrastructure goals.\u201d<\/p>\n<p><b>Investment Highlights<\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li><b>Ready to move. <\/b>Blackstone-backed QTS, the largest independent data center operator in the world, has secured multiple land sites throughout Northeastern Pennsylvania to develop and operate Pennsylvania data center sites and intends to issue a Request for Information to invite other communities to participate in the build out of additional data centers.\n<\/li>\n<li><b>Strong local partner.<\/b> Blackstone has also formed a joint venture with PPL, a leading utility headquartered in Allentown, PA, with plans for the joint venture to invest in new natural gas power generation facilities in Pennsylvania to provide electricity for America\u2019s AI and reindustrialized future.\n<\/li>\n<li><b>Creating local jobs.<\/b> Over 6,000 jobs will be created or supported annually over an estimated 10-year construction timeline and over 3,000 permanent jobs will be created or supported during operations by QTS and its customers. Blackstone has a long-standing relationship with labor and plans to continue that partnership in Pennsylvania.\n<\/li>\n<li><b>Abundant low-cost energy.<\/b> Pennsylvania is uniquely suited to serve as a strategic hub to power the nation\u2019s AI objectives given its abundant low-cost energy that accounts for 20% of the nation\u2019s natural gas production.\n<\/li>\n<li><b>PA Fast Track. <\/b>QTS will work with local, county and commonwealth officials to utilize Pennsylvania\u2019s new project management systems (Fast Track) to ensure that all permitting requirements are accomplished at the speed required to meet national priorities in the development and use of AI.\n<\/li>\n<li><b>Community Partnership.<\/b> Blackstone aims to invest in alignment with state and community goals, which in Pennsylvania support the build-out of energy and digital infrastructure. Blackstone and QTS intend to engage in a wide range of volunteer opportunities, and community outreach and partnerships across Pennsylvania.\n<\/li>\n<\/ul>\n<p>\nTag Greason, Co-CEO of QTS, said: \u201cPennsylvania is well positioned for data center growth and has become a market where we\u2019re seeing substantial demand from hyperscalers and other customers for high-quality digital infrastructure. We look forward to engaging with communities and leaders across the Commonwealth to position our leading data center platform to support the digital infrastructure needs of Pennsylvania businesses and families.\u201d<\/p>\n<p>\nConstruction is expected to commence by year-end 2028 subject to permitting and utility approvals.<\/p>\n<p><b>About Blackstone<\/b><\/p>\n<p>\nBlackstone is the world\u2019s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone\u2019s nearly $1.2 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.blackstone.com%2F&amp;esheet=54290980&amp;newsitemid=20250715491097&amp;lan=en-US&amp;anchor=www.blackstone.com&amp;index=1&amp;md5=21ca157c9a41011a4793713696e95095\">www.blackstone.com<\/a>. Follow @blackstone on <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fblackstoneinc%2Fposts%2F%3FfeedView%3Dall&amp;esheet=54290980&amp;newsitemid=20250715491097&amp;lan=en-US&amp;anchor=LinkedIn&amp;index=2&amp;md5=79343bf7868b6f5071f1163ad4f48a04\">LinkedIn<\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Ftwitter.com%2Fblackstone&amp;esheet=54290980&amp;newsitemid=20250715491097&amp;lan=en-US&amp;anchor=X+%28Twitter%29&amp;index=3&amp;md5=35f07d6883477326b4ed094fcab1761f\">X (Twitter)<\/a>, and <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.instagram.com%2Fblackstone%2F&amp;esheet=54290980&amp;newsitemid=20250715491097&amp;lan=en-US&amp;anchor=Instagram&amp;index=4&amp;md5=b378fea1b464e6f861fc1ebc797bf40c\">Instagram<\/a>.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250715491097r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20250715491097\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250715491097\/en\/<\/a><\/span><\/p>\n<p>\nPaula Chirhart<br \/>\n<br \/>Blackstone Infrastructure<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:Paula.Chirhart@Blackstone.com\">Paula.Chirhart@Blackstone.com<br \/>\n<\/a><br \/>347-463-5453<\/p>\n<p>Jeff Kauth<br \/>\n<br \/>Blackstone Real Estate<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:Jeffrey.Kauth@blackstone.com\">Jeffrey.Kauth@blackstone.com<br \/>\n<\/a><br \/>212-583-5395<\/p>\n<p><b>KEYWORDS:<\/b> United States North America Pennsylvania New York<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Technology Finance Other Energy Banking Oil\/Gas Professional Services Energy Asset Management Artificial Intelligence<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250715491097\/en\/286215\/3\/bx_logo_jpeg.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Blackstone to Invest More Than $25 Billion in Pennsylvania\u2019s Digital and Energy Infrastructure, Plus Catalyze an Additional $60 Billion Investment Pennsylvania is uniquely suited to serve as a strategic hub to power America&#8217;s AI future Blackstone-backed QTS, the largest independent data center operator in the world, to develop and operate new Pennsylvania data center sites Blackstone has formed a joint venture with PPL to invest in new Pennsylvania natural gas power generation facilities Over 6,000 jobs will be created or supported annually over an estimated 10-year construction timeline NEW YORK&#8211;(BUSINESS WIRE)&#8211; Blackstone (NYSE: BX) announced today that funds managed by Blackstone Infrastructure and Blackstone Real Estate (\u201cBlackstone\u201d) will invest over $25 billion to support the build out of Pennsylvania\u2019s digital &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/blackstone-to-invest-more-than-25-billion-in-pennsylvanias-digital-and-energy-infrastructure-plus-catalyze-an-additional-60-billion-investment\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Blackstone to Invest More Than $25 Billion in Pennsylvania\u2019s Digital and Energy Infrastructure, Plus Catalyze an Additional $60 Billion Investment&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-869899","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Blackstone to Invest More Than $25 Billion in Pennsylvania\u2019s Digital and Energy Infrastructure, Plus Catalyze an Additional $60 Billion Investment - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/blackstone-to-invest-more-than-25-billion-in-pennsylvanias-digital-and-energy-infrastructure-plus-catalyze-an-additional-60-billion-investment\/\" \/>\n<meta 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Blackstone (NYSE: BX) announced today that funds managed by Blackstone Infrastructure and Blackstone Real Estate (\u201cBlackstone\u201d) will invest over $25 billion to support the build out of Pennsylvania\u2019s digital &hellip; Continue reading &quot;Blackstone to Invest More Than $25 Billion in Pennsylvania\u2019s Digital and Energy Infrastructure, Plus Catalyze an Additional $60 Billion Investment&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/blackstone-to-invest-more-than-25-billion-in-pennsylvanias-digital-and-energy-infrastructure-plus-catalyze-an-additional-60-billion-investment\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-07-15T18:29:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250715491097r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" 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is uniquely suited to serve as a strategic hub to power America&#8217;s AI future Blackstone-backed QTS, the largest independent data center operator in the world, to develop and operate new Pennsylvania data center sites Blackstone has formed a joint venture with PPL to invest in new Pennsylvania natural gas power generation facilities Over 6,000 jobs will be created or supported annually over an estimated 10-year construction timeline NEW YORK&#8211;(BUSINESS WIRE)&#8211; Blackstone (NYSE: BX) announced today that funds managed by Blackstone Infrastructure and Blackstone Real Estate (\u201cBlackstone\u201d) will invest over $25 billion to support the build out of Pennsylvania\u2019s digital &hellip; Continue reading \"Blackstone to Invest More Than $25 Billion in Pennsylvania\u2019s Digital and Energy Infrastructure, Plus Catalyze an Additional $60 Billion 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