BlackRock
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TechnologyNew AI Partnership to Invest in Data Centers and Supporting Power Infrastructure
$100 billion investment potential will enhance American competitiveness in artificial intelligence (AI) while meeting the growing need for energy infrastructure to power economic growth The drive to develop more powerful AI capabilities will require significant infrastructure investment to support it. BlackRock, Global Infrastructure Partners (GIP), Microsoft, and MGX announced on Sept. 17 the Global AI […]
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Energy StorageNew Technologies, New Sites Supporting Growth of Energy Storage
Advancements in energy storage, including new battery types and longer-duration batteries, are driving innovation in the sector. Retired power generation plants are being repurposed as storage sites, and the
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Press Releases
Greenbacker acquires 55-MW operating wind project in New York
NEW YORK, N.Y. (May 5, 2022) — Greenbacker Renewable Energy Company LLC (“GREC” or “Greenbacker”), a leading owner and operator of sustainable infrastructure and energy efficiency projects, announced today that, through a wholly owned subsidiary, it has purchased Howard, a 55.4 MW operating wind project from the BlackRock Global Renewable Power Fund II (“BlackRock”). The […]
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RenewablesBlackRock-led Group Invests $525M Toward India Renewable Energy
A group considered the world’s largest asset manager has joined with a United Arab Emirates (UAE) wealth management fund to support an investment in renewable energy development in India. A consortium led by New York-based BlackRock, along with UAE sovereign wealth fund Mubadala Investment Co., on April 14 said it would pay $525 million for […]