Overview
- VoltaGrid, which announced the deal Monday, secured $1 billion in equity from Blackstone Tactical Opportunities and Halliburton.
- The funding is split into $775 million in new capital and $225 million to purchase shares from existing investors.
- The company signed a definitive agreement to buy supplier Propell, a step it says reduces risk across a roughly 7.5 GW order book, with both deals expected to close by mid-2026.
- VoltaGrid plans to expand Propell’s Granbury, Texas facilities with two automated plants targeting about 300 MW of monthly manufacturing capacity.
- A Crypto Briefing report said the round places VoltaGrid’s value above $10 billion, a figure the company has not stated.