ADQ Teams Up With Energy Capital Partners to Start $25 Billion Project to Build Energy Facilities in the US

Abu Dhabi Developmental Holding Company (ADQ) has made a deal with US company Energy Capital Partners (ECP) to create a joint business. Together, they will work on building power plants and energy infrastructure.

ADQ-ECP Joint Venture

ADQ and ECP are teaming up to invest over $25 billion in energy projects that will produce 25 gigawatts (GW) of power. They plan to start by contributing $5 billion together, according to a statement made on Wednesday.

Their partnership focuses on providing power to data centers, large cloud companies, and other industries that use a lot of energy. Most of their projects will be in the US, but some money may also go to selected projects in other countries.

They will mainly work on building new power plants, expanding existing ones, and starting new energy projects to meet the long-term needs of these fast-growing industries.

Doug Kimmelman, ECP’s founder, said that artificial intelligence (AI) will help the US economy and create jobs in the next 10 years. But this will only happen if there’s enough new electricity supply. He explained that since US power markets are getting tighter, new power plants—especially natural gas ones—are needed quickly to support big tech companies.

Important Quote

“Our partnership with ECP lets us invest in energy projects that meet the growing demand for power. This will help these industries grow and make economies stronger for the future,” said Mohamed Hassan Alsuwaidi, CEO of ADQ.

Rising Demand

The International Energy Agency (IEA) said last month that global electricity use is expected to grow by about 4% each year until 2027. This is because industries, air conditioning, electric technologies, and data centers are using more power.

This is the fastest growth rate in recent years. In fact, the increase in electricity demand each year between 2025 and 2027 will be bigger than Japan’s total yearly electricity use.

The growth is mainly due to more electricity being used in factories, higher demand for air conditioning, more electric vehicles and technologies, and the fast rise of data centers.

Published: 20th March 2025

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