Blackstone to invest over $25B in Pennsylvania’s digital, energy infrastructure

Blackstone (BX) announced that funds managed by Blackstone Infrastructure and Blackstone Real Estate will invest over $25B to support the build out of Pennsylvania’s digital and energy infrastructure and help catalyze an additional $60B investment into the Commonwealth. Commenting on the announcement, Jon Gray, Blackstone’s President and Chief Operating Officer, said: “We’re thrilled to be investing behind two of our highest conviction themes – digital infrastructure and energy – in a part of the country that is ideally situated to support and expand America’s leading position in the AI revolution. We look forward to working with our partners in government, local communities, and with the people of Pennsylvania to meaningfully invest in the growth of the commonwealth’s digital and energy infrastructure.” Sean Klimczak, Blackstone’s Global Head of Infrastructure, said: “Pennsylvania is transforming into a strategic hub for AI innovation, and we’re excited to work with our partners at PPL to invest in the generation needed to support this critical digital infrastructure.”