Blackstone and Halliburton invest $1 billion in VoltaGrid, valuation exceeds $10 billion

Techub News, according to CryptoBriefing, Blackstone and Halliburton have invested $1 billion in Houston-based power startup VoltaGrid, valuing it at over $10 billion post-investment. The funds will be used to expand off-grid power supply solutions for data centers and to acquire supply chain enterprise Propell Energy Technology. The transaction includes $775 million in primary capital and $225 million in secondary share purchases. VoltaGrid focuses on deploying modular on-site power generation systems to meet the surging electricity demand of AI data centers. It is projected that U.S. data center electricity demand will double by 2030. The transaction is expected to be completed by mid-2026.