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Blackstone to Acquire $1 Billion Gas Plant in Pennsylvania

9/16/2025

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Summary

Story summary

Blackstone Energy Transition Partners will acquire Hill Top Energy Center, a 620-MW natural gas plant in Pennsylvania, for nearly $1 billion from Ardian.
This acquisition aligns with Blackstone's $25 billion investment plan for Pennsylvania's energy and digital infrastructure.
Completed in 2021, Hill Top supports AI data centers in the region.
Blackstone is the largest global data center investor, with substantial investments in natural gas plants.
Pennsylvania may experience a 6 GW generation shortfall in the next five to six years due to rising data center demand.

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Story summary

Blackstone Energy Transition Partners will acquire Hill Top Energy Center, a 620-MW natural gas plant in Pennsylvania, for nearly $1 billion from Ardian.
This acquisition aligns with Blackstone's $25 billion investment plan for Pennsylvania's energy and digital infrastructure.
Completed in 2021, Hill Top supports AI data centers in the region.
Blackstone is the largest global data center investor, with substantial investments in natural gas plants.
Pennsylvania may experience a 6 GW generation shortfall in the next five to six years due to rising data center demand.