Blackstone Invests $500 Million in Lancium AI Buildout

Bloomberg11-21 08:35

(Bloomberg) -- Blackstone Inc. invested more than $500 million in Lancium Inc., which is building more than 5 gigawatts of data centers in West Texas with an eye on supplying the booming energy demand...

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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBlackstone Invests $500 Million in Lancium AI Buildout\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-21 08:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/blackstone-invests-500-million-lancium-003549095.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Blackstone Inc. invested more than $500 million in Lancium Inc., which is building more than 5 gigawatts of data centers in West Texas with an eye on supplying the booming energy demand...</p>\n\n<a href=\"https://finance.yahoo.com/news/blackstone-invests-500-million-lancium-003549095.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2237443549.SGD","symbol_name":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA SGD-H","start_time":0,"source_url":"https://finance.yahoo.com/news/blackstone-invests-500-million-lancium-003549095.html","article_id":"2485101410","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/o3w9vVIPWL79TyXzYzV5Xg--~B/aD0xMzMzO3c9MjAwMDthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/bloomberg_markets_842/ae099c426e6730286e742d8e8217faed"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485101410","pubTimestamp":1732149349,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":" -- Blackstone Inc. invested more than $500 million in Lancium Inc., which is building more than 5 gigawatts of data centers in West Texas with an eye on supplying the booming energy demand for artificial intelligence applications, according to people familiar with the matter.The firm closed the equity stake in recent weeks in a transaction supporting Lancium’s plans to build five facilities in wind- and solar-rich areas of the state, said the people, who asked to not be identified because the deal isn’t public.Blackstone’s investment covers Houston-based Lancium’s capital needs to bring the sites online by about 2028, the people said. Creative solutions are being considered to take advantage of zero-carbon resources, including potentially building solar and battery storage on site, they said. In Texas, 1 gigawatt is typically enough to power 200,000 homes.Goldman Sachs Group Inc. advised Lancium on the transaction, one of the people said. Representatives for Blackstone, Lancium and Go","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2237443549.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA SGD-H","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","LU2237443465.HKD":"abrdn SICAV I -  GLOBAL DYNAMIC DIVIDEND \"A\" (HKD) INC","IE00BN8TJ469.HKD":"FTGF CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A\" (HKD) INC","LU2237443622.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc USD","BK4585":"ETF&股票定投概念","IE00BFXG1179.USD":"BNY MELLON U.S. EQUITY INCOME \"B\" (USD) INC","LU2237443978.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc SGD-H","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","BK4533":"AQR资本管理(全球第二大对冲基金)","BX":"黑石","IE00B64PRP62.GBP":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (GBP) ACC","LU0106831901.USD":"贝莱德世界金融基金A2","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","IE00B3QW5Z07.USD":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (USD) ACC","BK4550":"红杉资本持仓","BK4588":"碎股","IE00BGHQF748.EUR":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (EUR) ACC","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","BK4552":"Archegos爆仓风波概念","LU2237443382.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA USD","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","BK4504":"桥水持仓","BK4135":"资产管理与托管银行","LU2237443895.HKD":"abrdn SICAV I -  GLOBAL DYNAMIC DIVIDEND \"A\" (HKD) ACC","IE00BLSP4239.USD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis USD Plus","LU2237438978.USD":"Amundi Funds US Pioneer A2 (C) USD","IE00BLSP4452.SGD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis SGD-H Plus","BK4127":"投资银行业与经纪业","IE0004086264.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"A\" (USD) ACC","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","IE0004091025.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"B\" (USD) ACC","LU1791807156.HKD":"BGF WORLD FINANCIALS \"A2\" (HKDHDG) ACC","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","BK4516":"特朗普概念"},"translate_title":"Blackstone投资5亿美元建设Lancium AI","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BX":0.9},"content_text":"(Bloomberg) -- Blackstone Inc. invested more than $500 million in Lancium Inc., which is building more than 5 gigawatts of data centers in West Texas with an eye on supplying the booming energy demand for artificial intelligence applications, according to people familiar with the matter.\nThe firm closed the equity stake in recent weeks in a transaction supporting Lancium’s plans to build five facilities in wind- and solar-rich areas of the state, said the people, who asked to not be identified because the deal isn’t public.\nBlackstone’s investment covers Houston-based Lancium’s capital needs to bring the sites online by about 2028, the people said. Creative solutions are being considered to take advantage of zero-carbon resources, including potentially building solar and battery storage on site, they said. In Texas, 1 gigawatt is typically enough to power 200,000 homes.\nGoldman Sachs Group Inc. advised Lancium on the transaction, one of the people said. Representatives for Blackstone, Lancium and Goldman Sachs declined to comment.\nThe first campus in Abilene is slated to come online next year with the development being led by a $3.4 billion joint venture formed last month with Blue Owl Capital, Crusoe Energy Systems and Primary Digital Infrastructure.\nAmid the race to support the data center boom needed to deploy AI, power grids are being strained by aging infrastructure, extreme weather and soaring demand. Lancium sits at the intersection of data centers and the transition to clean energy, which includes building substations and making other transmission upgrades to access the grid.\nGlobally, at least $1 trillion of spending is needed for data centers, electricity supplies and communications networks, according to an analysis by Bloomberg News.\nAI is a pivot for Lancium, which was more focused on supplying energy to crypto currency miners when it announced in 2021 that it had won approval for the Abilene project.\n--With assistance from Ryan Gould.\n©2024 Bloomberg L.P.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"Company Corporation","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2485101410"}