Blackstone, Halliburton invest $1 billion in VoltaGrid equity deal

Blackstone Inc.

Blackstone Inc.

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  • VoltaGrid signed agreements for USD 1 billion strategic equity investment from funds managed by Blackstone Tactical Opportunities, alongside Halliburton.
  • Transaction includes USD 775 million primary capital raise, USD 225 million secondary purchase from existing investors.
  • Proceeds earmarked to accelerate deployment of behind-the-meter power generation for AI data centers, microgrids, industrial customers.
  • VoltaGrid also agreed to acquire supplier Propell Energy Technology, with both transactions expected to close in mid-2026.


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