Big Tech firms including Amazon, Google, Meta, Microsoft, OpenAI, Oracle and xAI signed the Ratepayer Protection Pledge at the White House, committing to build new generation resources and cover infrastructure costs for their data centers. The voluntary agreement requires tech giants to negotiate separate rate structures with utilities and governments, paying "whether they use the electricity or not," while making backup generation available to the wider grid.

Global Infrastructure Partners and EQT acquired utility and power producer AES in a take-private deal valued at $33.4 billion, including $10.7 billion in equity. The consortium, which includes CalPERS and Qatar Investment Authority, priced AES at $15 per share—a 40.3% premium to pre-deal prices. Meanwhile, Brookfield, Norges Bank and BCI launched Northview Energy, a renewables platform focused on the US and Canada.

The deals reflect growing investor appetite for infrastructure assets as digital expansion drives demand for power generation. New Zealand's Superannuation Fund promoted Brendon Jones to head of real assets, while Alcazar Energy targets €850 million for its third renewable energy fund. These transactions highlight infrastructure's critical role in supporting both technological advancement and energy transition initiatives.