VoltaGrid receives $1B investment from Blackstone and Halliburton, acquires Propell Energy

VoltaGrid announced a $1.0 billion strategic equity investment from Blackstone Tactical Opportunities and Halliburton Company, composed of $775 million primary capital and $225 million secondary purchase. Proceeds will fund behind-the-meter power generation for data centers. VoltaGrid also signed a definitive agreement to acquire Propell Energy Technology Ltd.

“Proceeds of the capital raise will be used to accelerate deployment of VoltaGrid's behind-the-meter power generation solutions for data centers, microgrids, and industrial applications.”voltagrid.com

• 2 sources
• voltagrid.comVoltaGrid - VoltaGrid Announces $1 Billion Strategic Equity Investment from Blackstone and Halliburton to Fund Growth and Acquisition of PropellMay 11, 2026
• datacenterdynamics.comVoltaGrid raises $1bn from Blackstone and Halliburton to expand power system offering for data centers - DCDZachary SkidmoreJul 1, 2026

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