• National Grid Ventures agreed to invest USD 1.75 billion for a 35% stake in Joulent, targeting contracted power solutions for U.S. data centers.
• Deal supports Project Kilby, a 2.67 GW co-located power facility in West Texas supplying a Microsoft-operated data center under a 20-year PPA.
• First power delivery is targeted for 2028; project development is advanced with GE Vernova turbines secured.
• Investment is incremental to National Grid’s at least GBP 70 billion capital plan through 2031; final investment decision expected in 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. National Grid plc published the original content used to generate this news brief via PR Newswire (Ref. ID: NE96326) on July 01, 2026, and is solely responsible for the information contained therein.