FX.co ★ Blackstone Energy Transition To Acquire 774-Megawatt Virginia Power Plant

Blackstone Energy Transition Partners, a branch of Blackstone (BX), announced on Friday that it has reached an agreement to acquire the Potomac Energy Center, a 774-megawatt natural gas power facility located in Loudoun County, Virginia. The financial details of the transaction remain undisclosed. This acquisition aligns with Blackstone’s strategic emphasis on boosting energy infrastructure to meet the increasing needs of data centers and artificial intelligence developments. As of now, Blackstone's stock is trading at $186.10, reflecting a rise of 0.32 percent, or $0.58, on the New York Stock Exchange.