VoltaGrid explores financing options due to growing AI demand — Bloomberg

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Investing.com — According to Bloomberg, a startup called VoltaGrid, which provides gas microgrids for rapid deployment of data centers, is exploring ways to raise billions of dollars to support its expansion.

The company offers tech firms faster access to energy for AI systems and is currently considering an initial public offering, as well as discussions with private equity firms about a potential sale, sources said.

Sources familiar with the matter said Blackstone (NYSE:BX) and BlackRock (NYSE:BLK) are among the companies in talks to acquire or invest in VoltaGrid. Due to the confidential nature of the details, these individuals requested anonymity.

One source indicated that a potential deal could value VoltaGrid at over $10 billion.

This article was translated with the assistance of artificial intelligence. For more information, please see our Terms of Use.

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