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Private capital is reaching deeper into the physical layer of America's power grid.
EQT's agreed acquisition of Copia Power, a developer that builds and operates integrated energy and digital infrastructure campuses across the United States, makes the case that demand for new capacity has outrun what utilities can deliver on their own.
What complicates it: Copia's model depends on utility co-development, and utility timelines have a way of humbling acquisition assumptions.
What Copia Power actually does Copia develops, owns, and operates large-scale campuses that combine energy infrastructure with digital capacity.
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