Pennsylvania, Data center and Blackstone investment
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A project near Carlisle was the 2nd largest out of 18 projects discussed at a major energy conference Tuesday attended by President Trump and Gov. Shapiro.
National and state political leaders are rushing to regulate and incentivize the rapidly growing data center industry.
Blackstone (BX) plans to spend $25B to develop data centers and power plants in Pennsylvania, according to a media report published on Tuesday.
The Shapiro administration is slashing red tape and has given developers the green light so Pennsylvania will move at the “speed of business” and become a global competitor in AI. Not everyone is happy about it.
The massive Livingston, N.J.-based hyperscaler CoreWeave announced plans for a $6 billion, 300-megawatt data center in Lancaster, Pa., to answer what CEO and co-founder Michael Intrator called “relentless” demand for AI compute.
CoreWeave shares extended gains this week after the Nvidia partner said it would invest more than $6 billion in a new AI data center in Pennsylvania.
CoreWeave and Blackstone to invest a combined $31 billion in new Pennsylvania data centers, creating jobs and boosting AI infrastructure.
The build out of new data centers could squeeze supply on the electric grid, driving up prices. Groups are calling for new regulations to make sure "large load users" pay their fair share.
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As the Pennsylvania Energy and Innovation Summit kicks off, Google is making a $25 billion data-center commitment to the broader region.
Pennsylvania Data Center Partners, a leader in data center development within the Commonwealth, together with PowerHouse Data Centers, the fifth largest data center developer in the United States, announced plans for their first joint venture: a $15 billion project with three hyperscale data center campuses in Central Pennsylvania.
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