KKR and Energy Capital Partners Announce $50B Investment in Data Centers, Power Projects to Support AI Development

Oct 30, 2024, 10:47 AM

KKR & Co. Inc. and Energy Capital Partners have announced a $50 billion strategic partnership to invest in data centers and power generation projects supporting the development of artificial intelligence (AI). The initiative aims to scale AI infrastructure by boosting data center capacity and power infrastructure, with U.S. data center power demand projected to rise 160% by 2030. The partnership targets near-term power-generation projects to support AI development.