# VoltaGrid x Blackstone x Halliburton ($1B equity): partnership

Canonical ID: `c564b6ba-85ef-4810-ac42-0e2ddfd6db08`

VoltaGrid signed agreements for a $1.0 billion strategic equity investment from Blackstone Tactical Opportunities and Halliburton ($775M primary capital raise and $225M secondary), with proceeds to scale behind-the-meter power for AI data centers, plus a related Propell Energy Technology acquisition agreement. Announced May 11 2026; expected mid-2026 close at announcement.

- **Type:** investment
- **Status:** announced
- **Verification posture:** reported (press-release-only)

## Parties (3)

- [VoltaGrid](https://registry.deploy.report/companies/voltagrid.md) other
- [Blackstone](https://registry.deploy.report/companies/blackstone.md) investor partner
- [Halliburton](https://registry.deploy.report/companies/halliburton.md) investor partner

## Timeline

- **Announced:** 2026-05-11

## Sources (3)

1. https://voltagrid.com/voltagrid-announces-1-billion-strategic-equity-investment-from-blackstone-and-halliburton-to-fund-growth-and-acquisition-of-propell · 2026-05-11
2. https://www.blackstone.com/news/press/voltagrid-announces-1-billion-strategic-equity-investment-from-blackstone-and-halliburton-to-fund-growth-and-aquisition-of-propell/ · 2026-05-11
3. https://www.reuters.com/legal/litigation/blackstone-halliburton-invest-1-billion-energy-startup-voltagrid-2026-05-11/ · 2026-05-11


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