Blackstone and Halliburton invest $1B in VoltaGrid, valuing the power startup at over $10B
Crypto Briefing
Blackstone and Halliburton have invested $1 billion into VoltaGrid, raising the power startup's valuation to over $10 billion to support infrastructure expansion.Summary
VoltaGrid has secured a $1 billion strategic equity investment from Blackstone Tactical Opportunities and Halliburton, achieving a post-money valuation exceeding $10 billion. The funding consists of $775 million in primary capital for expanding behind-the-meter power solutions and $225 million in secondary share purchases. Additionally, VoltaGrid is acquiring Propell Energy Technology Ltd. to vertically integrate its supply chain. The investment is driven by the surging energy demands of AI and data centers, as VoltaGrid’s modular, on-site power generation offers a faster alternative to traditional grid reliance.
(Source：Crypto Briefing)