ArcLight Betting About $5 Billion on New Gas-Fired Power Plants
ArcLight Capital Partners, a private equity firm, has acquired electricity developer Advanced Power. The acquisition is part of ArcLight's plan to invest around $5 billion over the next 5 years to build 20 gigawatts of natural gas-fired power plants in the United States. The primary aim of this investment is to provide power to the growing number of data centers, which are becoming increasingly power-hungry. The use of natural gas-fired plants is seen as a way to meet the increasing energy demands of the digital economy. The investment represents a significant bet on the continued growth of the data center industry and the role of natural gas in the future energy mix. It also highlights the ongoing shift in the power generation landscape, as the industry adapts to the changing energy needs of the modern economy.
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