National Grid Ventures to invest $1.75bn to accelerate power solutions for U.S. data centers and AI
National Grid Ventures agreed to invest $1.75 billion for a 35% stake in Joulent LLC to develop contracted power infrastructure for U.S. data centers and large load demand. The partnership will fund the development of Project Kilby, a 2.67 GW co-located power facility in West Texas that will supply a Microsoft data center under a 20-year PPA.
Key figures
- Deal Value Usd
- 1750000000
- Stake percent
- 35%
- Ppa term years
- 20
- Project capacity gw
- 2.67
- Target power delivery year
- 2028
- Existing capital program gbp
- £70 billion
AI analysis
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