Stonepeak Says 2 Core Businesses Converge as AI Drives Power Demand
Updated
Updated · Stonepeak · Aug 3
Stonepeak Says 2 Core Businesses Converge as AI Drives Power Demand
1 articles · Updated · Stonepeak · Aug 3
Summary
Mike Dorrell said Stonepeak’s power and digital infrastructure businesses have increasingly merged over the past year as AI accelerates demand for data-center capacity and electricity.
On Bloomberg Television, he said Stonepeak’s experience developing power assets and securing grid access has become more valuable because tech companies now want those capabilities alongside digital infrastructure.
Dorrell framed the shift as part of a broader digitalization megatrend, with AI linking energy supply, data centers and financing more tightly than before.
The discussion also touched on circular financing and the politics of building data centers, underscoring that expansion now depends not just on capital and technology but also on power availability and permitting.