Partnership seeks to service the growing power needs of data centers, hyperscale cloud companies and other energy-intensive industries
ADQ, an Abu Dhabi-based sovereign investor, announced that it is investing over $25 billion to supply power to data centers in the U.S. in partnership with U.S. private equity firm Energy Capital Partners (ECP).
ADQ and ECP entered into an agreement to establish a 50-50 partnership in new build power generation and energy infrastructure. Their partnership aims to “service the growing power needs of data centers, hyperscale cloud companies and other energy-intensive industries,” said ADQ.
The partnership’s primary…
