Joulent, a technology-driven energy company developing multi-gigawatt power infrastructure to meet the accelerating demands of American industry and innovation, has announced that National Grid has agreed to a $1.75 billion strategic minority investment in the company. The investment strengthens Joulent’s ability to execute on its current multi-gigawatt project, advance its project pipeline and scale its capabilities.
National Grid makes the investment through its National Grid Ventures arm, which brings high-impact capital, expertise in power management for large-scale projects, and critical supply chain capabilities to accelerate Joulent’s growth.
“American innovation is moving faster than the power infrastructure built to support it,” said Chris James, Joulent’s Founder and CEO. “Joulent was created to close that gap. This investment from National Grid Ventures strengthens our ability to deliver reliable, large-scale power on the timelines AI [art
