TechFlow news — On October 31, according to Datacenter Dynamics, global investment giant KKR announced on October 30, 2024, a strategic partnership with U.S.-based investment firm Energy Capital Partners (ECP) totaling $50 billion. The collaboration will focus on accelerating the development of data centers, power generation, and transmission infrastructure to support the expanding global demand for AI and cloud computing.
The two parties have reportedly secured a pipeline of over 8GW of data center projects, along with 100GW of operating and development-stage power facilities. Waldemar Szlezak, KKR’s Global Head of Digital Infrastructure, said the partnership would leverage their extensive experience in both industries to seize this opportunity quickly and responsibly. KKR will provide funding through its existing infrastructure, real estate strategies, and insurance accounts, while ECP will invest via its current and future infrastructure funds.
Notably, this marks another major investment in AI infrastructure following BlackRock’s announcement last month of a $30 billion AI infrastructure fund. KKR currently operates more than 100 data centers worldwide and made headlines in 2021 with its $15 billion acquisition of CyrusOne, one of the largest deals in data center acquisition history.
