Blackstone announced that funds managed by Blackstone Infrastructure and Blackstone Real Estate will invest over USD 25 billion to support the build-out of Pennsylvania's digital and energy infrastructure. This initiative is expected to catalyze an additional USD 60 billion investment into the Commonwealth. Pennsylvania is uniquely suited to serve as a strategic hub to power America's AI future due to its abundant low-cost energy, accounting for 20% of the nation's natural gas production.

Investment Highlights

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. The company intends to issue a Request for Information to invite other communities to participate in the build-out of additional data centers. Blackstone has also formed a joint venture with PPL, a leading utility headquartered in Allentown, PA, to invest in new natural gas power generation facilities in Pennsylvania.

Job Creation and Economic Impact

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.

Community Partnership

Blackstone aims to invest in alignment with state and community goals, which in Pennsylvania support the build-out of energy and digital infrastructure. The company intends to engage in a wide range of volunteer opportunities, community outreach, and partnerships across Pennsylvania. Construction is expected to commence by year-end 2028, subject to permitting and utility approvals. With this investment, Blackstone is poised to play a significant role in shaping Pennsylvania's digital and energy infrastructure, creating new opportunities for economic growth and development in the region.

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