Blackstone and Halliburton Invest $1 Billion in VoltaGrid
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.