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  • Data Center View - May 26, 2026 - QTS founder launches new AI infrastructure venture

Data Center View - May 26, 2026 - QTS founder launches new AI infrastructure venture

Blackstone's data center REIT raises $1.75B in IPO. CIM launches power company. Energy secretary pushes nuclear buildout to power AI data centers. We'll go to another spot. Two new data center deals.

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NEWS ROUNDUP

VENTURE: QTS founder launches new AI infrastructure venture. QTS, founder Chad Williams is launching a new digital infrastructure company called Quality Infratech Intelligence, or QII. The company is expected to focus on emerging and nontraditional data center markets rather than established hubs like Northern Virginia, Dallas, or Phoenix.

FUNDRAISING: Blackstone’s data center REIT raises $1.75 billion in IPO debut. Blackstone’s new data center real estate investment trust raised $1.75 billion in its U.S. stock market debut, with underwriters retaining the option to increase proceeds by another $250 million. The fund is expected to pursue acquisitions in major U.S. markets including Northern Virginia, Ohio, Phoenix, Maryland, and Austin, and Blackstone has reportedly identified about $25 billion of potential near-term opportunities.

VENTURE: CIM launches power company with PPA and $400 million financing commitment. CIM Group has launched Permanent Power Company, a national power platform that brings together solar generation, battery storage, transmission infrastructure, and development-stage projects under one scaled operating business. The launch follows two major milestones: a long-term power purchase agreement covering the full output of the Grape project and a $400 million financing commitment from HPS Investment Partners, part of BlackRock Private Financing Solutions. Avi Shemesh, co-founder and principal of CIM Group, said the platform is built for long-term growth, stable energy supply, and large-scale delivery of power, storage, and transmission.

 

ENERGY: Energy secretary pushes nuclear buildout to power AI and data center growth. Energy Secretary Chris Wright said the Department of Energy is moving to accelerate nuclear power development to support the rapid expansion of AI and data centers, including plans to help finance critical long-lead reactor components. Speaking at Bisnow’s Data Center Investment Conference, Wright said the DOE aims to support 10 large reactors across five sites and wants to move quickly on parts that can take three to five years to procure.

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