BX · News · 20260807N

AI Data Center Demand

Blackstone Inc. · 2026-08-07 · Importance 64 · Surprise 42

PPL reported signed data-center agreements totaling 32 GW across its Pennsylvania service areas. The demand is tied to large industrial customers and is creating potential long-term infrastructure opportunities for PPL and Blackstone’s Invitium Energy joint venture. The venture is evaluating as much as $12.5 billion to $15 billion of new-generation investment to serve the projected load growth.

Key facts

• PPL highlighted growing data center demand and reaffirmed a 6% to 8% annual EPS growth target through 2029. source