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PPL Electric’s “advanced” stage data center pipeline jumped 12% to 28.3 GW by 2034, up from 25.2 GW three months ago, company officials said Friday during PPL Corp.’s first-quarter earnings conference call.
The pipeline ramps up from 0.6 GW expected online this year to 20.7 GW in 2030, according to the Allentown, Pennsylvania-based company’s earnings call presentation. Advanced stage projects have signed agreements with developers and PPL will be paid for project-related work even if the projects don’t advance, the company said.
PPL is also advancing its unregulated joint venture with Blackstone Infrastructure that would build generation for data centers, according to Vincent Sorgi, PPL president and CEO. “Based on the progress to date with the hyperscalers, we are executing multiple gas turbine reservation agreements and have submitted requests for multiple generation projects into PJM's interconnection queue,” Sorgi said.
An initial project announcement could come this year, according to Sorgi. “Based on where we stand today and the momentum that we're seeing, I'd be surprised if we weren't … announcing something meaningful this year,” he said.
