On the same day BlackRock reportedly agreed to a major data center acquisition, Mogin Law LLP’s deal commentary also reports that BlackRock’s Global Infrastructure Partners and EQT have agreed to acquire AES Corp for approximately $33.4 billion, including debt. According to reports including Reuters, cited by Mogin Law LLP but not independently accessed in this verification cycle, the transaction is among the largest utility acquisitions in recent years. The parties are reportedly targeting a close in late 2026 or early 2027, subject to regulatory approval.
AES Corp is one of the largest diversified power companies in the United States. Analysts and reports have linked the acquisition to surging electricity demand from AI data centers, though the causal connection is an inference drawn from market context, not a stated rationale confirmed from the transaction parties.
The pairing of this deal with BlackRock’s reported Aligned Data Centers acquisition on the same day carries its own signal. One deal addresses compute capacity. The other addresses the power needed to run it. Together, they suggest an institutional thesis that AI infrastructure value runs deeper than the GPU layer – that reliable electricity generation is itself an investable AI infrastructure asset.
Source limitations apply: both primary sources are T3 law firm commentary blogs, and article text was not fully readable during verification. The Reuters reference is cited by Mogin Law LLP but was not directly accessed. All figures and deal terms should be treated as reported pending T1/T2 source confirmation.