National Grid Ventures (NGV) is investing $1.75 billion for a 35% stake in Joulent LLC. This strategic partnership develops critical power infrastructure for U.S. data centers and large-scale industrial customers.
The move targets the rapid electricity demand growth driven by artificial intelligence. Joulent provides integrated solutions including co-located gas generation, battery storage, and renewable energy.
These technologies accelerate power delivery for large-scale customers compared to traditional grid upgrades. National Grid CEO Zoë Yujnovich described the deal as a disciplined investment in the AI-driven large load economy.