Power Plant News

powerplant
Jan 25, 2025
Article Source LogoPOWER Engineering
POWER Engineering

Blackstone Energy Transition Partners have agreed to acquire a natural-gas plant in Virginia’s “Data Center Alley,” the latest example of private investment at the intersection of power generation digital infrastructure.

The Potomac Energy Center is a 774 MW natural gas-fired power plant in Loudoun County, Virginia. The northern area of the state represents approximately 25 percent of U.S. data center capacity, and the Potomac plant is located close to over 130 data centers – with significant further growth expected.“We are particularly excited about this investment given the opportunity to supply reliable, baseload power to the region,” said Mark Zhu, Managing Director at Blackstone Energy Transition Partners. “Potomac is one of the most efficient gas power plants in the region and has the potential to integrate a hydrogen fuel blend in the future, which could provide future environmental benefits.” After years of flat load growth on the U.S. grid, electricity demand has increased due to several factors – notably industrial onshoring, widespread electrification and the adoption of AI data centers. Data centers are perhaps the largest driver of this growth, as demand for computing power, fueled by artificial intelligence and other new technologies, requires enormous amounts of power. 

According to some estimates, data centers are projected to consume 5% to 9% of U.S. electricity generation annually by 2030, up from 4% today.

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

“Many independent power producers (IPPs) and private equity funds are looking to gain exposure to gas fired generation portfolios with the belief that growing power demand will improve their economics,” according to Scott Wilmot, Vice President of Power & Renewables at Enverus.

Blackstone is the largest data center investor in the world, with major investments in Northern Virginia and beyond. The firm recently made major investments in AI companies CoreWeave and DDN. Terms of the transaction to acquire the Potomac plant were not disclosed. Santander and Jefferies LLC served as M&A advisors to Blackstone on this transaction.

Share Your Insights!

Publish your articles, reach a global audience, and make an impact.

0
Recent Comments

Power Plant Related News You might want to check out

View by
Eu Installs 65.1 Gw Of Solar In 2025
Eu Installs 65.1 Gw Of Solar In 2025
PV Magazine
12 December 2025
powerplant
Brazil To Add 11.4 Gw Of Solar In 2025 Despite Regulatory Hurdles
Brazil To Add 11.4 Gw Of Solar In 2025 Despite Regulatory Hurdles
PV Magazine
12 December 2025
powerplant
Ge Vernova Expects To End 2025 With An 80-Gw Gas Turbine Backlog That Stretches Into 2029
Ge Vernova Expects To End 2025 With An 80-Gw Gas Turbine Backlog That Stretches Into 2029
Utiltiy Dive Generation
12 December 2025
powerplant
Nextera Aims To Build Up To 30 Gw In Data Center Power Supply Hubs By 2035
Nextera Aims To Build Up To 30 Gw In Data Center Power Supply Hubs By 2035
Utiltiy Dive Generation
10 December 2025
powerplant
Corporate Buyers Contracted For 20.4 Gw Of ‘Clean’ Energy So Far This Year: Ceba
Corporate Buyers Contracted For 20.4 Gw Of ‘Clean’ Energy So Far This Year: Ceba
Utiltiy Dive Generation
10 December 2025
powerplant
Corporate Buyers Have Contracted For 20.4 Gw Of ‘Clean’ Energy So Far This Year: Ceba
Corporate Buyers Have Contracted For 20.4 Gw Of ‘Clean’ Energy So Far This Year: Ceba
Utiltiy Dive Generation
10 December 2025
powerplant
Italy Auctions 7.4 Gw Solar And 940 Mw Wind Projects
Italy Auctions 7.4 Gw Solar And 940 Mw Wind Projects
Renewable Watch
09 December 2025
powerplant
India Is A Key Driver Of The Global Renewable Energy Surge; Records Highest-Ever 31.25 Gw Non-Fossil Addition In Fy 25-26 : Union Minister Pralhad Joshi – Eq
India Is A Key Driver Of The Global Renewable Energy Surge; Records Highest-Ever 31.25 Gw Non-Fossil Addition In Fy 25-26 : Union Minister Pralhad Joshi – Eq
EQ Mazagine
09 December 2025
powerplant
Cerc Grants 70% Interim Tariff For Pgcil’S 8.1 Gw Rajasthan Solar Evacuation Transmission Assets Under Phase-Ii-Part B1
Cerc Grants 70% Interim Tariff For Pgcil’S 8.1 Gw Rajasthan Solar Evacuation Transmission Assets Under Phase-Ii-Part B1
Solar Quarter
07 December 2025
powerplant
Nexgen Subsidiary Secures 1.7 Gw In New Onshore Wind Contracts
Nexgen Subsidiary Secures 1.7 Gw In New Onshore Wind Contracts
Powerline
06 December 2025
powerplant
Chinese Pv Industry Brief: Aiko, Skyworth Pv Plan 5 Gw Back-Contact Solar Module Factory In Guangxi
Chinese Pv Industry Brief: Aiko, Skyworth Pv Plan 5 Gw Back-Contact Solar Module Factory In Guangxi
PV Magazine
06 December 2025
powerplant
C&I Developers Poised To Deliver Up To 80 Gw Of Renewable Energy By 2030: Mnre Secretary – Eq
C&I Developers Poised To Deliver Up To 80 Gw Of Renewable Energy By 2030: Mnre Secretary – Eq
EQ Mazagine
06 December 2025
powerplant