# 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.

- Type: Investment
- Announced: 2026-05-11
- Where: Houston, Texas, United States
- Value: $1.00B
- Status: announced
- Capacity: 7.5GW order book; 300MW per year from new plants
- Products: behind-the-meter power generation solutions, QPac system
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [VoltaGrid](https://endata.com/companies/88045.md)
- [Halliburton](https://endata.com/companies/690.md) (investor)
- [Blackstone Group](https://endata.com/companies/2364.md) (investor)
- [Propell Energy Technology](https://endata.com/companies/91862.md) (target)

## Sources

- [voltagrid.com](https://voltagrid.com/voltagrid-announces-1-billion-strategic-equity-investment-from-blackstone-and-halliburton-to-fund-growth-and-acquisition-of-propell), 2026-05-11: "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."
- [datacenterdynamics.com](https://www.datacenterdynamics.com/en/news/voltagrid-raises-1bn-from-blackstone-and-halliburton-to-expand-power-system-offering-for-data-centers/), 2026-07-01: "This investment reflects our shared focus on long-term solutions for the world's most demanding power environments, and advances VoltaGrid's ability to deliver reliable, distributed power at scale."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.