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ADQ and Energy Capital Partners have launched a $25 billion joint venture to develop power generation and energy infrastructure in the US, targeting the growing electricity demand from data centres and energy-intensive industries. The initiative will focus on building natural gas-fired power plants and other energy projects, with an initial capital contribution of $5 billion. This move addresses concerns over US grid capacity and aims to support the rapid growth in electricity demand, projected to increase significantly by 2030.
Mohamed Hassan Alsuwaidi
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ADQ and ECP launch 25 billion dollar power venture for US data centres
United States Dollar
Energy Capital Partners LLC
USA
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Mohamed Hassan Alsuwaidi
Doug Kimmelman
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06:35 20.03.2025
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