Sweden-based investment firm EQT Group has announced the acquisition of US power and AI infrastructure development platform Copia Power from private capital firm The Carlyle Group, adding a platform spanning more than 30GW of generation, storage, and digital infrastructure opportunities to its infrastructure portfolio.

As reported by ESG Today, Carlyle established Copia in 2021 through the acquisition of a 6GW US solar and storage development pipeline from energy developer Tenaska, with a mandate to develop, construct, and operate large-scale energy infrastructure assets across the United States. To date, the platform has brought 2.6GW of energy generation and storage assets into operation or construction, and now encompasses more than 20GW of thermal and renewable generation opportunities alongside 9GW of data centre opportunities across its campus portfolio.

Pooja Goyal, Chief Investment Officer of the Infrastructure Group at Carlyle, said: "When we established Copia, our thesis was that power would be the defining constraint for electrification and the digital economy, and we moved with conviction. What began as a concept has become a leading power and energy infrastructure platform with more than 30GW of opportunities across generation, storage and digital infrastructure."

Alex Darden, Partner and Head of EQT Infrastructure Americas, said: "The rapid adoption of AI is transforming infrastructure demand, making energy an increasingly critical enabler of digital infrastructure. Copia has built a differentiated platform at the intersection of these two themes, and we believe it is exceptionally well positioned for long-term growth."

A central feature of Copia's model is the concept of the grid-connected campus, which co-locates gigawatt-scale generation and data centre load at strategic high-voltage grid locations. Each campus integrates renewable generation, storage, and dispatchable resources with the capacity to host digital infrastructure, directly addressing the energy supply constraints that have emerged as the primary bottleneck to data centre expansion across the United States.

EQT said the transaction aligns with its strategy of investing in infrastructure underpinning global demand for artificial intelligence and supporting energy security. The acquisition is being made through EQT Infrastructure VII, EQT's recently launched flagship infrastructure fund targeting €21 billion in capital.