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Blackstone Inc. has announced a transformative investment exceeding $25 billion to develop digital and energy infrastructure across Pennsylvania, positioning the state as a strategic hub for artificial intelligence (AI) innovation. The initiative is expected to catalyze an additional $60 billion in private-sector investment and generate thousands of jobs over the next decade.
🔌 Anchor Components of the Investment
- QTS Realty Trust, the world’s largest independent data center operator and a Blackstone portfolio company, will construct multiple hyperscale data centers in Northeastern Pennsylvania.
- A joint venture with utility firm PPL, headquartered in Allentown, will develop natural gas-fired power generation to meet the energy demands of these AI infrastructure hubs.
📈 Economic and Employment Impact
- The 10-year construction phase is projected to create or support over 6,000 jobs annually.
- Once operational, QTS and its customers are expected to maintain more than 3,000 permanent jobs.
- Blackstone will continue its labor partnerships to ensure inclusive workforce development.
🌍 Strategic Advantages and Permitting
- Pennsylvania’s abundant natural gas reserves, accounting for 20% of U.S. production, offer a cost-effective energy base for AI operations.
- The project will leverage the state’s Fast Track permitting system to expedite approvals and align with national AI priorities.
🗣️ Leadership Commentary
Sean Klimczak, Global Head of Infrastructure at Blackstone:
“Pennsylvania is transforming into a strategic hub for AI innovation… We’re excited to work with our partners at PPL to invest in the generation needed to support this critical digital infrastructure.”
Nadeem Meghji, Global Co-Head of Real Estate:
“This announcement reflects Blackstone’s track record of partnering with governments, communities, and customers to create win-win-win outcomes.”
Tag Greason, Co-CEO of QTS:
“We’re seeing substantial demand from hyperscalers and other customers… Pennsylvania is well positioned for data center growth.”
🏘️ Community Engagement
Blackstone and QTS have pledged to support community outreach, volunteerism, and local partnerships aligned with Pennsylvania’s long-term energy and digital development goals.
Construction is slated to begin by year-end 2028, pending regulatory and utility approvals.
