Prime Highlights:
ADQ (Abu Dhabi Developmental Holding Company) and Energy Capital Partners (ECP) have formed a 50-50 joint venture worth $25 billion to address energy needs in the U.S.
The partners will contribute an initial $5 billion in capital, with potential funds also directed towards international market investments.
Key Background:
Abu Dhabi Developmental Holding Company (ADQ), a UAE sovereign investment entity, has entered into a landmark partnership with Energy Capital Partners (ECP) to launch a $25 billion venture aimed at addressing power needs across 25 gigawatts of energy projects in the United States. The 50-50 joint venture will focus on developing new power generation and energy infrastructure to meet the growing demands of data centers, hyperscale cloud companies, and other energy-intensive industries.
The partnership combines the UAE-based ADQ, with its strong investment focus, and ECP, the largest private owner of power generation and renewable energy in the U.S. Initial capital contributions from both entities are expected to total $5 billion. A portion of the funding may also be allocated to select international markets, further diversifying the partnership’s impact.
This collaboration aligns with global energy trends, as the International Energy Agency projects a significant surge in electricity demand, driven largely by data centers and industrial electrification. In the U.S., electricity demand is forecast to rise by the equivalent of California’s current power consumption over the next three years, while global power demand from data centers is predicted to increase by up to 165% by 2030.
The initiative reflects a strategic effort to address the growing power and infrastructure needs of high-growth sectors, particularly as artificial intelligence (AI) and data-driven industries expand. Mohamed Hassan Al-Suwaidi, UAE Investment Minister and ADQ CEO, emphasized that the venture aims to future-proof economies by meeting electricity demands and supporting industry progress. Doug Kimmelman, ECP’s founder, also highlighted the significant capital required to support the growing AI and data center sectors in the U.S.
