Abu Dhabi’s ADQ sovereign wealth fund is partnering with investment firm Energy Capital Partners to launch a $5bn 50:50 venture to invest in power generation for data centers and artificial intelligence projects, primarily in the US. The venture will ultimately make more than $25bn investments across 25GW worth of projects and was announced shortly after Chairman Sheikh Tahnoon bin Zayed Al Nahyan was hosted in the White House by US President Donald Trump. The Trump administration is planning a huge roll out of power-hungry AI data centers in the coming years. ADQ notes that the focus will be on newbuild gas-fired power plants, enabling it to tap into the US’ abundant low-cost gas resources and capitalize on its sectoral prowess through its 90% stake in Abu Dhabi utilities firm Taqa.