Blackstone to invest $25B in Pennsylvania's AI and energy infrastructure

July 15, 2025 July 15, 2025

Editorial Staff

The Facts -

Pennsylvania will be a hub for AI, with $25 billion from Blackstone.

Blackstone partners with PPL for new natural gas power facilities.

Over 6,000 jobs will be created annually during 10-year construction.

Pennsylvania Set to Become Central to AI Revolution

Pennsylvania is poised to play a pivotal role in America's AI development, thanks to significant investments aimed at enhancing its digital and energy infrastructure. Spearheaded by Blackstone, a global leader in alternative asset management, this initiative promises to transform the state into a thriving hub for technological advancement.

Major Investment Announced

On July 15, 2025, Blackstone (NYSE: BX) made headlines with its announcement of plans to invest over $25 billion in Pennsylvania. The firm aims to bolster the state's infrastructure, reinforcing its position as a strategic center for AI. This injection of capital is anticipated to attract an additional $60 billion in investments, showcasing Blackstone's commitment to infrastructure and digital growth.

Jon Gray, President and COO of Blackstone, expressed enthusiasm about the project: “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.”

Strategic Partnerships and Developments

Blackstone, through its partnership with QTS, the largest independent data center operator globally, is set to develop multiple data centers across Northeastern Pennsylvania. QTS has already identified land sites and plans to further engage with local communities to expand its footprint. Moreover, a joint venture with PPL will see new natural gas power generation facilities developed, further supporting the state's infrastructure needs.

The initiatives are expected to support over 6,000 jobs annually over a decade-long construction timeline, with more than 3,000 permanent roles anticipated to emerge during operations. This project aligns with Blackstone's history of collaborating with local communities to drive mutually beneficial outcomes.

Pennsylvania's Unique Positioning

Pennsylvania's abundant and low-cost energy resources make it an ideal location for supporting national AI projects. The state accounts for 20% of the nation's natural gas production, positioning it as a key player in energy supply for technological advancements.

QTS plans to leverage Pennsylvania's 'Fast Track' management system to streamline the permitting process, ensuring timely development aligned with national AI priorities. The collaboration aims to integrate seamlessly with community goals, fostering partnerships across the state.

QTS Co-CEO, Tag Greason, highlighted Pennsylvania's potential: "Pennsylvania is well positioned for data center growth and has become a market where we’re seeing substantial demand from hyperscalers and other customers for high-quality digital infrastructure."

Looking Ahead

The construction phase is slated to begin by the end of 2028, pending necessary approvals. As this transformative project unfolds, Pennsylvania stands to become an epicenter for AI innovation, driving economic growth and technological progress.

About Blackstone

Blackstone, the world's largest alternative asset manager, focuses on delivering robust returns by enhancing the businesses it invests in. Blackstone manages over $1.2 trillion in diversified assets, including real estate, private equity, and infrastructure. Learn more at www.blackstone.com. Follow Blackstone on LinkedIn, X (Twitter), and Instagram.