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Blackstone and Halliburton Commit Combined $1 Billion to Energy Startup VoltaGrid
The investment values VoltaGrid at more than $10 billion, according to people familiar with the matter. Blackstone and Halliburton are backing the energy startup in a deal that signals strong confidence in its growth. The information was reported by @business.
May 11, 7:28 AM·1m read1 source
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Blackstone and Halliburton are investing a combined $1 billion into VoltaGrid in a deal that values the energy startup at more than $10 billion. The information about the Blackstone and Halliburton investment in VoltaGrid comes from people familiar with the matter, @business reported.
The transaction marks a significant infusion of capital for the company. It comes as demand for specialized energy infrastructure continues to expand across multiple sectors. Details of the precise split between Blackstone and Halliburton were not disclosed.
The combined commitment nonetheless represents one of the largest single investments recently directed at a company of VoltaGrid's profile.
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