AI COMPUTE•NVIDIA•GPU CLOUD•DATA CENTERS•SEMICONDUCTORS•ENERGY•FUNDING•M&A•AI COMPUTE•NVIDIA•GPU CLOUD•DATA CENTERS•SEMICONDUCTORS•ENERGY•FUNDING•M&A•
Energy

Blackstone closes latest energy transition fund at $8.7bn, backs several data center focused energy firms

Blackstone raises $8.7bn energy vehicle to back data centre power infrastructure

By GPU Data Hub Desk · GPU Data Hub·Editorial standards·
Blackstone closes latest energy transition fund at $8.7bn, backs several data center focused energy firms

Alternative asset manager Blackstone has finalised its latest energy transition investment vehicle with $8.7 billion in capital commitments. The fund, which closed 50 percent larger than its predecessor, will allocate capital towards energy providers supporting the power needs of data centres.

Original source

This summary was written by the GPU Data Hub desk from reporting published by Data Center Dynamics on 20 Oct 2026, 15:00. Read the full article at the original publisher.

Read Original Source →

By subscribing you consent to receive the daily briefing. Unsubscribe at any time. See our privacy policy.

LinkedInX

More from GPU Data Hub

Latest →

US restarts three shut-down nuclear reactors to feed AI data centers

Federal funding in the United States is being directed towards reviving three decommissioned nuclear reactors to supply electricity for artificial intelligence facilities. The initiative aims to expand dedicated power capacity for rapidly expanding data centre workloads across the country.

Energy··Tom's Hardware

Google expands partnership with Entergy Arkansas, will fund renewable energy and grid upgrades for West Memphis data center

Google has broadened its agreement with utility provider Entergy Arkansas to power its West Memphis data centre development. The company has entered into a 440-megawatt power purchase agreement and committed capital to back two battery energy storage systems alongside wider transmission improvements. The transaction ensures dedicated clean energy generation and regional infrastructure support for the expanding computing facility.

Energy··Data Center Dynamics

The fossil fuel comeback is here

The United States is accelerating the development of fossil-fuel generation capacity at its fastest pace in a decade amid a slowdown in renewable additions. Surging grid demand is being driven by the expansion of data centres, manufacturing facilities, and electric mobility. The trend reflects mounting pressure on electricity networks to satisfy power-hungry computing infrastructure.

Energy··The Verge

Amazon to fund 12 small nuclear reactors at former Indiana coal plant

Amazon has entered into a commercial arrangement with reactor developer X-energy to finance the deployment of 12 small modular reactors at a former coal facility in Indiana. The installation is anticipated to deliver approximately one gigawatt of electrical capacity into the transmission network.

Energy··TechCrunch

What Google’s virtual power plant in PJM says about the race for electricity

Google's virtual power plant initiative within the PJM market reflects an intensifying contest to secure long-term electricity supplies for digital operations. Voltus chief executive Dana Guernsey noted that emerging models where consumers introduce new capacity resemble early power purchase agreements that reshaped utility-scale renewables.

Energy··Utility Dive