Historic $25 Billion Investment by ADQ and ECP in Data Centers

In a groundbreaking move, ADQ, an Abu Dhabi-based investment firm, alongside Energy Capital Partners (ECP), the largest private owner of power generation and renewables in the US, announced their plan to invest over $25 billion in power generation and energy infrastructure. This ambitious joint venture is set to develop 25 GW worth of projects, kick-started by an initial capital contribution of $5 billion.

Addressing the AI-Driven Data Center Demand

The 50-50 partnership will primarily focus on new-build power generation and infrastructure, aiming to meet the escalating electricity demands of AI-driven data centers. Mohamed Hassan Alsuwaidi, CEO of ADQ, highlighted the critical need for securing power for these facilities amidst the surge in AI adoption.

Fueling US Economic and Job Growth

Doug Kimmelman, Founder of ECP, expressed his honor in forming an investing partnership with ADQ to supply the electricity resources required by the rapidly expanding AI data center sector. He emphasized that AI is poised to be a significant driver of US economic and job growth over the next decade, contingent upon the development of ample new electricity supplies.