PPL Corporation and Blackstone have agreed to a joint venture to build data centers and the generation plants needed to power them in Pennsylvania, which could bring thousands of new jobs to the

Asset management firm Blackstone will announce on Tuesday a $25 billion investment in data centers and energy infrastructure in Pennsylvania, Chief Operating Officer Jon Gray said at a panel at the Energy and Innovation Summit in Pittsburgh.

Blackstone (BX) plans to spend $25B to develop data centers and power plants in Pennsylvania, according to a media report published on Tuesday.