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Abu Dhabi's ADQ and American private equity firm ECP make $25 billion bet on powering U.S. data centers


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The UAE has worked to strengthen ties with the U.S. on AI, and is seeking greater access to American technology in order to build its own infrastructure.

ADQ, an Abu Dhabi-based investment and holding company, along with American private equity firm ECP, has announced a $25 billion investment aimed at enhancing the power infrastructure for data centers in the United States. This initiative, named the Data Center and Energy Infrastructure Fund, seeks to capitalize on the growing demand for data centers driven by advancements in AI, cloud computing, and IoT. The fund will focus on developing, acquiring, and managing power generation assets, including natural gas, renewables, and battery storage, to ensure a stable and sustainable energy supply for data centers. This move not only underscores the strategic importance of data centers in the digital economy but also highlights the critical need for robust energy solutions to support their operations.

Read the Full CNBC Article at:
[ https://www.msn.com/en-us/money/companies/abu-dhabi-s-adq-and-american-private-equity-firm-ecp-make-25-billion-bet-on-powering-u-s-data-centers/ar-AA1BkMtX ]

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