11:30 AM EDT, 07/15/2025 (MT Newswires) -- Blackstone (BX) is planning to invest about $25 billion into developing data centers and power plants in Pennsylvania, Reuters reported Tuesday, citing the company's chief operating officer Jon Gray.

The company is also looking to partner with an electric utility to build several natural gas power stations to power the data centers in Pennsylvania, Gray said at the Energy and Innovation Summit in Pittsburgh, Reuters reported.

The private equity company plans to focus on projects that are co-located, meaning data centers that are located at the sites of power plants to potentially cut down time to power, Reuters added.

(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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