National Grid Ventures to invest $1.75bn to accelerate power solutions for U.S. data centers and AI
National Grid’s owners have figured out that they’re missing out on the greatest growth opportunity of our generation. National Grid isn’t getting out of the regulated utility business. They are embracing opportunities beyond that. CRE could open the door to even more.
“National Grid Ventures (NGV), the commercial arm of National Grid plc, has agreed to invest $1.75 billion for a 35% stake in Joulent LLC, forming a broad strategic partnership to develop contracted power and electrical infrastructure solutions for U.S. large load demand.
Zoë Yujnovich, Chief Executive of National Grid, said: “Our investment in Joulent is a disciplined, partner-led investment in contracted critical infrastructure for the AI-driven large load economy. Through National Grid Ventures, we are gaining exposure to a major source of electricity demand growth with strong partners.””
