United Kingdom: Blackstone confirms it will spend £10bn on AI data center in Blyth, UK

Sep 25, 2024 | Posted by Abdul-Rahman Oladimeji

Blackstone has confirmed it plans to spend £10 billion ($13.3bn) developing an AI data center on a derelict industrial site in Blyth, UK. The plot of land, known as Northumberland Energy Park, had been earmarked for a battery factory by now-defunct electric vehicle battery maker Britishvolt.

Jon Gray, president and chief operating officer of Blackstone, said: “The UK is a top investment market for Blackstone because of its powerful combination of talent and innovation along with a highly transparent legal system.

“We are making significant commitments to building social housing, facilitating the energy transition, growing life sciences companies, and developing critical infrastructure needed to fuel the digital economy. This includes a projected £10 billion investment to build one of Europe’s largest hyperscale data centers supporting 4,000 jobs. Blackstone is committed to Britain.”