VoltaGrid（voltagrid.com）, a Houston, Texas-based energy startup, recently announced a definitive agreement with leading global investment firm Blackstone Group and oil and gas giant Halliburton to secure $1 billion in strategic equity investment.
The deal, led by Blackstone’s Tactical Opportunities Fund with participation from Halliburton, values the six-year-old company at over $10 billion. The funds will be used to accelerate the deployment of its “off-grid” power generation solutions designed for data centers and artificial intelligence infrastructure.
With the explosive growth in demand for AI computing, power grids across the United States are facing immense pressure. VoltaGrid’s mobile gas microgrids provide immediate “off-grid” power support for new data centers, eliminating the need for grid upgrades and effectively addressing the energy bottlenecks faced by expanding tech companies.
Concurrently with the funding, VoltaGrid also announced the acquisition of its key supplier, Propell Energy Technology. This move aims to integrate manufacturing and R&D capabilities to create an integrated power generation platform, and plans to expand its factory to increase production capacity. VoltaGrid founder and CEO Nathan Ough stated that this integration will further solidify its technological leadership.
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