StocksMedium•5 November 2026•
1 min read
EQT's Zelestra Unveils $12 Billion Investment Plan for AI Data Centers
Key Facts
1Zelestra, owned by Swedish investment firm EQT, unveiled a $12 billion investment plan to meet AI demand in the US.
Zelestra, owned by Swedish investment firm EQT, unveiled a $12 billion investment plan to meet AI demand in the US. Bloomberg reported that the massive strategy focuses on developing data centers to support AI infrastructure, as the company aims to capitalize on rapid expansion in the sector.
The move by Zelestra, a renewable energy and infrastructure firm, comes as the US market faces surging demand for power and the essential facilities required to run artificial intelligence technologies. This plan represents a significant capital commitment in a high-growth sector, following prior reports of EQT seeking Gulf funding for similar projects.