The partnership "aims to service the growing power needs of data centers, hyperscale cloud companies and other energy-intensive industries," a joint statement by the firms read. "As the continuity and quality of power supply is crucial for these high-growth industries, the need for captive power plants that are in proximity is often a pre-requisite. The partnership is focused on meeting these needs over the long-term."
The 50-50 partnership will deploy capital with the goal to invest more than $25 billion across 25 gigawatts worth of projects via greenfield site development, new builds and expansions of current infrastructure.