National Grid Ventures buys 35% stake in Joulent for $1.75bn
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National Grid Ventures to invest $1.75bn to accelerate power solutions for U.S. data centers and AI
July 1, 2026 7:00 AM EDTWASHINGTON, July 1, 2026 /PRNewswire/ -- 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.
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