KKR and Energy Capital Partners Announce $50 Billion Strategic Partnership to Support AI Growth Through Investments in Data Centers and Power Generation
KKR and Energy Capital Partners (ECP) have announced a $50 billion strategic partnership to accelerate the development of data center and power infrastructure for AI and cloud computing expansion. The collaboration combines KKR's digital infrastructure expertise with ECP's energy transition platform. U.S. data center demand is projected to nearly triple by 2030, requiring over $1 trillion in investment. A single planned data center campus requires about 1 gigawatt of power and $15 billion investment. The partnership has an 8 GW existing datacenter pipeline and 100 GW of operating and development-ready power generation capacity.
KKR e Energy Capital Partners (ECP) hanno annunciato un partenariato strategico da 50 miliardi di dollari per accelerare lo sviluppo di infrastrutture per data center e produzione di energia, in vista dell'espansione dell'IA e dell'informatica cloud. La collaborazione unisce l'expertise di KKR nelle infrastrutture digitali con la piattaforma di transizione energetica di ECP. Si prevede che la domanda di data center negli Stati Uniti quasi triplichi entro il 2030, richiedendo oltre 1 trilione di dollari di investimenti. Un singolo campus di data center pianificato necessita di circa 1 gigawatt di energia e di 15 miliardi di dollari di investimento. Il partenariato dispone di un pipeline di data center esistente di 8 GW e di una capacità di generazione di energia operativa e pronta per lo sviluppo di 100 GW.
KKR y Energy Capital Partners (ECP) han anunciado una asociación estratégica de 50 mil millones de dólares para acelerar el desarrollo de centros de datos e infraestructura energética para la expansión de la IA y la computación en la nube. La colaboración combina la experiencia en infraestructura digital de KKR con la plataforma de transición energética de ECP. Se prevé que la demanda de centros de datos en EE. UU. casi se triplique para 2030, lo que requiere más de 1 billón de dólares en inversiones. Un solo campus de centro de datos planificado necesita alrededor de 1 gigavatio de energía y 15 mil millones de dólares en inversión. La asociación cuenta con un pipeline de centros de datos existente de 8 GW y una capacidad de generación de energía operativa y lista para el desarrollo de 100 GW.
KKR와 Energy Capital Partners (ECP)는 AI와 클라우드 컴퓨팅 확장을 위해 데이터 센터 및 전력 인프라 개발을 가속화하기 위한 500억 달러 규모의 전략적 파트너십을 발표했습니다. 이 협력은 KKR의 디지털 인프라 전문성과 ECP의 에너지 전환 플랫폼을 결합합니다. 미국의 데이터 센터 수요는 2030년까지 거의 세 배로 증가할 것으로 예상되며, 1조 달러 이상의 투자가 필요합니다. 계획된 데이터 센터 캠퍼스 하나는 약 1GW의 전력과 150억 달러의 투자금을 필요로 합니다. 이 파트너십은 8GW의 기존 데이터 센터 파이프라인과 100GW의 운영 및 개발 준비가 완료된 발전 용량을 보유하고 있습니다.
KKR et Energy Capital Partners (ECP) ont annoncé un partenariat stratégique de 50 milliards de dollars pour accélérer le développement des centres de données et des infrastructures énergétiques pour l'expansion de l'IA et du cloud computing. Cette collaboration combine l'expertise de KKR en matière d'infrastructures numériques avec la plateforme de transition énergétique d'ECP. La demande de centres de données aux États-Unis devrait presque tripler d'ici 2030, nécessitant plus de 1 trillion de dollars d'investissements. Un seul campus de centre de données planifié nécessite environ 1 gigawatt d'énergie et 15 milliards de dollars d'investissement. Le partenariat dispose d'un pipeline existant de centres de données de 8 GW et d'une capacité de production d'énergie opérationnelle et prête au développement de 100 GW.
KKR und Energy Capital Partners (ECP) haben eine strategische Partnerschaft im Wert von 50 Milliarden Dollar angekündigt, um die Entwicklung von Datenzentren und Energieinfrastruktur zur Beschleunigung von KI und Cloud-Computing auszubauen. Die Zusammenarbeit vereint KKRs Expertise im Bereich digitale Infrastruktur mit ECPs Plattform für Energiewende. Die Nachfrage nach Datenzentren in den USA wird bis 2030 voraussichtlich fast dreimal so hoch sein, was mehr als 1 Billion Dollar an Investitionen erfordert. Ein geplanter Datenzentrumscampus benötigt etwa 1 Gigawatt Energie und 15 Milliarden Dollar Investition. Die Partnerschaft verfügt über eine bestehende Pipeline von 8 GW für Datenzentren und über 100 GW an betriebsbereiter und entwicklungsfähiger Erzeugungskapazität.
- Strategic $50 billion partnership combining complementary expertise
- 8 GW existing datacenter pipeline and 100 GW of power generation capacity
- Access to ProEnergy's aeroderivative power turbine manufacturing capabilities
- Significant existing infrastructure: KKR's $77B AUM and ECP's 83 GW power generation portfolio
- High capital requirements: $15B investment needed per data center campus
- Execution risks in meeting rapid infrastructure scaling demands
- Dependency on successful coordination with utilities and power developers
Insights
This
- 8+ GW existing datacenter pipeline
- 100 GW of operating and development-ready power generation
- Comprehensive coverage across the entire value chain from power generation to data center operations
This positions KKR strategically in two high-growth sectors: AI infrastructure and sustainable energy. The scale and timing of this partnership could provide KKR with a significant first-mover advantage in addressing the critical bottleneck of power infrastructure for AI development.
The partnership addresses a critical infrastructure gap in AI development. Current power grid limitations are becoming a major constraint for AI expansion, with single data center campuses requiring 1+ GW of power and
- ECP's extensive utility relationships and power generation portfolio
- KKR's
$77 billion infrastructure AUM and experience in digital infrastructure - ProEnergy's aeroderivative power turbine manufacturing capabilities
This vertical integration could significantly reduce project development timelines and costs, providing a competitive advantage in capturing market share in this rapidly growing sector.
Strategic partnership with available capital and scale ready to meet the urgent need to fund data center, power, and grid infrastructure in the
Scaling of AI and cloud infrastructure in the
Advancements in AI are fueling an unprecedented demand for data centers, but a limited availability of reliable power is impeding the strategic goals of the world’s largest technology companies, enterprises, and governments looking to deploy AI.
“Data center power demand is expected to grow by
"In order for the
“Building out AI and power infrastructure will require collaboration across industries. KKR and ECP’s strategic partnership offers a new approach, with immediately available capital and the capabilities needed to deploy that capital to accelerate this effort. With our combined footprint and capabilities, we have a more than 8 GW existing datacenter pipeline, 100 GW of currently operating and development-ready power generation, and significant experience working with stakeholders across both industries to help realize this opportunity quickly and responsibly,” said Waldemar Szlezak, Partner and Global Head of Digital Infrastructure, KKR.
“The ECP and KKR teams have decades of experience working with constituents to bring infrastructure projects to completion on time and on budget,” said Tyler Reeder, Managing Partner, ECP. “This experience, along with ECP’s existing power and renewable asset base, history of decarbonizing existing assets through carbon capture and asset repowering, as well as KKR’s leading digital practice, provide our partners a clear path to delivering much needed computing capacity through a sustainable lens.”
The strategic partnership is designed to deliver scaled data center and power solutions for hyperscalers and other market participants to support their infrastructure needs across geographies to drive model training, tuning, and inferencing at scale. KKR and ECP plan to engage with industry leaders including utilities, power and data center developers, and independent power producers to accelerate the delivery of data center campuses required by hyperscalers.
“To develop a winning solution to support the growth of AI in the
KKR is funding the strategic partnership from existing infrastructure and real estate strategies and insurance accounts managed by KKR. ECP is funding the strategic partnership from existing and future infrastructure capital pools.
KKR first established its global infrastructure team and strategy in 2008 and has since been one of the most active infrastructure investors around the world with
ECP has owned, controlled, and operated over 83 GW of power generation across all major
About KKR
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.
About Energy Capital Partners
Energy Capital Partners (ECP), founded in 2005, is a leading investment firm across energy transition infrastructure, with a focus on investing in electricity and sustainability infrastructure providing reliable, affordable and clean energy. Earlier this year, ECP combined with Bridgepoint Group to form a global leader in value-add middle-market investing, with a combined
1 Goldman Sachs Global Macro Research Report, “Top of Mind,” 25 June 2024.
2 Goldman Sachs Equity Research Report, “AI, data centers and the coming US power demand surge,” 28 April 2024.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241030995843/en/
KKR
Liidia Liuksila
Media@KKR.com
ECP
FGS Global
Akash Lodh / Nick Rust
ECP@fgsglobal.com
Source: KKR
FAQ
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