Blackstone and Halliburton invest $1 billion in VoltaGrid to expand behind-the-meter power generation for data centers, microgrids, and industrial applications
Type: Investment · Technology: Data Center · Country: United States · Value: $1B · Announced: 2026-05-11
Blackstone and Halliburton committed $1 billion to VoltaGrid to accelerate the deployment of behind-the-meter power generation solutions. The investment targets data centers, microgrids, and industrial facilities, aiming to enhance energy resilience and reliability. VoltaGrid specializes in distributed energy resources, including battery storage and on-site generation, to support critical infrastructure. The capital infusion will enable VoltaGrid to scale operations and expand its project pipeline across North America. Halliburton’s involvement reflects its strategic pivot toward energy transition technologies beyond traditional oilfield services. The transaction underscores growing private equity interest in infrastructure supporting digital and industrial decarbonization.
Counterparties
- Blackstone (Investor)
- VoltaGrid (Developer)
- Halliburton (Investor)