03:21 PM EST, 11/21/2024 (MT Newswires) -- Blackstone (BX) has acquired a stake in Lancium, an energy technology company based in Houston, for more than $500 million, Bloomberg reported late Wednesday.

The equity financing will support Lancium's plans to build five facilities in Texas where wind and solar energy is readily available, the report said, citing people familiar with the matter.

Blackstone and Lancium did not immediately respond to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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