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ArcLight Betting About $5 Billion on New Gas-Fired Power Plants
ArcLight Capital Partners acquired electricity developer Advanced Power with a plan to build 20 gigawatts of natural gas-fired plants in the US mainly to feed power-hungry data centers. It says it may invest about $5 billion over the next 5 years.
ArcLight Capital Partners acquired electricity developer Advanced Power with a plan to build 20 gigawatts of natural gas-fired plants in the US mainly to feed power-hungry data centers. ArcLight said the plants — capable of producing enough energy to power 16 million homes — can be brought online in 2 to 7 years. The company also intends to build solar and batteries, and will focus on grids stretching from the mid-Atlantic to the Midwest, Texas and the desert Southwest.
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