EQT to Acquire AI Infrastructure Platform Copia Power from Carlyle
EQT is trading near its 52-week low of $48.47 (4.0% above the low).
Summary
EQT is buying Copia Power from Carlyle, adding a large-scale AI infrastructure platform with over 2.6 GW of energy assets in operation or construction and a development pipeline of 9 GW of data centers backed by 25 GW of solar/storage and 7 GW of natural gas. The deal expands EQT's U.S. AI infrastructure portfolio across data centers, energy, and fiber, directly building on the $1.75B CPP investment announced last week to fund AI infrastructure. Financial terms were not disclosed, but the scale of Copia's assets suggests a material transaction. The acquisition is expected to close by year-end 2026. This follows EQT's recent $14B Intertek acquisition and signals an aggressive pivot into AI-driven energy demand.
At the time of this announcement, EQT was trading at $50.40 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $31.4B. The 52-week trading range was $48.47 to $68.24. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: dpa-AFX.