FUNDING
Company Profile
The commercial arm of National Grid plc that develops, builds, owns, and operates energy infrastructure — interconnectors, renewables, storage, LNG, and grid solutions — across the UK, Europe, and the US.
London, United KingdomNGG
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National Grid Ventures FAQ
- Is National Grid Ventures publicly traded?
- Yes. National Grid Ventures trades under the ticker NGG.
Coverage Timeline
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FUNDING$1.75B lead deal (Joulent)
Crunchbase: The Week's 10 Biggest Funding Rounds, Led by Joulent's $1.75B Energy Raise
Crunchbase News' roundup of the week's 10 biggest funding rounds (June 27-July 2) was led by Houston-based energy infrastructure provider Joulent's $1.75 billion raise from National Grid Ventures, aimed squarely at AI and compute-intensive industries' power needs. Together AI's $800M Series C and Venice AI's $65M unicorn round both placed inside the top 10, alongside biotech, legal-tech, sports and video-AI rounds spanning a genuinely broad set of categories beyond pure frontier-model AI.
FUNDING
National Grid Invests $1.75B in Joulent to Power US AI Data Centers
FUNDING$1.75B strategic investment
National Grid Invests $1.75B in Joulent to Power US AI Data Centers
National Grid Ventures is investing $1.75 billion for a 35% stake in Joulent, a US platform building contracted power generation and high-voltage infrastructure for data centers, valuing the company at roughly $5 billion and funding a 2.67GW Texas facility.