TechFlow reported on November 21, according to Bloomberg, citing sources familiar with the matter, that Blackstone Inc. has recently completed a strategic investment of over $500 million in Lancium Inc. Lancium plans to build five data centers in West Texas, an area rich in wind and solar energy resources, with a total capacity exceeding 5 gigawatts, expected to come online by 2028. The project aims to meet the surging energy demands of AI applications, including on-site solar power generation and energy storage facility construction.
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