National Grid Ventures To Acquire 35% Stake In Power Solutions Provider Joulent For $1.75B

Rising demand from data centers and other power-intensive industries is driving the need for dedicated, scalable power — often outpacing the timelines of traditional grid connections. This investment is consistent with National Grid's ambition to pursue selective critical infrastructure growth opportunities emerging from the transforming energy landscape, and marks NGV's entry into one of the fastest-growing areas of electricity demand. Joulent has built the capabilities, partnerships and resources to develop integrated power solutions for U.S. large load customers, including data centers, helping to accelerate speed-to-power. These solutions include co-located gas generation, battery storage, renewables integration and 'Across-the-Meter' grid connections. Joulent's solutions are designed to scale quickly to meet near-term large load power demand, supporting economic growth without sh...