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PPL-Blackstone JV Invitium Energy reserves over 5 GW of gas turbines for PA data centers

PPL logoPPL
Sig4.20Sen+4.00Env-3.80Soc+0.60Gov+0.20
Blackstone Group logoBlackstone Group
Sig3.05Sen+3.10Env-2.45Soc-0.35Gov+0.75

PPL’s Blackstone-backed JV Invitium Energy expects to announce a data-center power deal this year, CEO Vincent Sorgi said. Formed to build and run Pennsylvania plants under long-term energy supply services, it has sites for up to 14 GW of new generation and reservation agreements for more than 5 GW of combined-cycle gas turbines, with PJM accepting about 5 GW into its interconnection queue. Batteries may help sooner, though opportunities could be limited. The pipeline includes 11 GW of PA data centers and 11.6 GW in Kentucky, plus 2.1 GW of

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