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Blackstone and Halliburton Invest $1 Billion in VoltaGrid

Blackstone Group logoBlackstone Group
Sig2.96Sen+5.60Env0.00Soc0.00Gov0.00
Halliburton logoHalliburton
Sig3.10Sen+3.00Env+2.70Soc+1.20Gov+0.80

Blackstone’s Tactical Opportunities strategy and Halliburton are funding a $1 billion investment in VoltaGrid, putting in $775 million in fresh capital and buying $225 million from existing shareholders. VoltaGrid is also acquiring Propell Technologies to reduce execution risk across its 7.5 GW order book through 2030. Blackstone supplies about 90% of the deal as it expands AI infrastructure bets.

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