Blackstone Acquires $1B Power Plant Near Virginia Data Centers, Potomac Energy Center, from Ares Management

1/24/2025

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GlobeSt

• Subcategory: Industrial: Data Centers, Industrial: Utilities, Specialty

• Tag: Sale

• Additional Filters-Subcategory: Industrial: Hydrogen-Helium-Natural Gas-Oil, Industrial: Infrastructure, Industrial: Solar

• Additional Filters-Tags: Sale: Investment, Sale: Single Property

• Company: Blackstone Group (NYSE: BX), Ares Management Corp (NYSE: ARES)

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. The asset manager announced on Thursday that Blackstone Energy Transition Partners will purchase the 774-megawatt natural gas-fired power plant situated in Loudoun County, northern Virginia.