ADQ Forms USD 25 Billion US Energy Venture to Power Data Centres
Abu Dhabi’s ADQ is pouring billions into energy projects with Energy Capital Partners to meet the needs of data centres.
Abu Dhabi’s sovereign wealth fund ADQ is partnering with US private equity firm Energy Capital Partners in a USD 25 billion investment focused on energy projects to support data centres. The partnership, structured as a 50-50 venture, will develop 25 gigawatts of new power generation and infrastructure, with most projects concentrated in the US.
The initiative comes as AI-driven demand for data centres surges, significantly increasing electricity consumption. AI models require extensive computing power, with even basic chatbot queries using far more energy than traditional search engines. The US Energy Department estimates that data centres currently consume 4.4% of the nation’s electricity, a figure projected to rise to 12% by 2028.
The deal coincides with a US visit by Sheikh Tahnoon bin Zayed, Deputy Ruler of Abu Dhabi and UAE National Security Adviser. During the trip, he met US President Donald Trump to discuss economic collaboration, including infrastructure and AI. The UAE has been ramping up its presence in the US tech sector, with Damac Properties also announcing a USD 20 billion investment in US-based data centres earlier this year.
