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Strategy
Geographies
London, United Kingdom
Recent changes
- Jul 1, 2026Jul 1, 2026Invested in Joulent (Strategic investment, $1.75B) Business Wire
Portfolio
1 totalRecent Investment Activity
1Track record: led 1 and participated in 0 of 1 tracked venture round · 1 in the last 12 months · led 1 Strategic investment
| Date | Company | Event | Role | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|---|---|
| Jul 1, 2026 | Joulent | Strategic investment | Led | $1.75B | ~$5B | National Grid VenturesLeadunverified | Business Wire |
Co-Investors
3Value Add Research
- Market & Trends · Oct 20, 2026Q3 2026 Climate/Energy Rounds: Joulent's $1.75B Leads
- Market & Trends · Oct 2, 2026Venture Numbers, Reconciled: Why 2026 Trackers Disagree
- AI & Technology · Sep 6, 2026Joulent's $1.75B Deal: National Grid Bets on AI Data Center Power
- Market & Trends · Jul 21, 2026$631M in Climate Infra — Heat Pumps & Grid (2026)
Latest Pulse
- Aug 2, 2026Why Infrastructure Keeps Winning Venture's Biggest Checks2026's largest venture rounds keep going to capital-intensive, physical-infrastructure bets -- fusion, satellites, thermal storage, AI compute -- rather than software, a pattern that has held for months and looks structural, not seasonal.→
- Jul 31, 2026Why This Week's Biggest Rounds All Fund the Same BottleneckThis week's largest rounds -- satellites, thermal batteries, alt-investment infrastructure -- are one thesis: capital is chasing the bottlenecks between AI's compute buildout and its return on capital.→
- Jul 2, 2026Crunchbase: The Week's 10 Biggest Funding Rounds, Led by Joulent's $1.75B Energy RaiseCrunchbase 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.→
- Jul 1, 2026National Grid Invests $1.75B in Joulent to Power US AI Data CentersNational 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.→
National Grid Ventures FAQ
What companies has National Grid Ventures invested in?
National Grid Ventures' portfolio includes Joulent.
Who does National Grid Ventures co-invest with most?
In the rounds Value Add tracks, National Grid Ventures most often invests alongside Energy Forge (Chevron) (1 shared deal), Engine No. 1 (1 shared deal), GE Vernova (1 shared deal).
Sources & methodologyshow
Where these figures come from
- Business Wireprimary source1 fact
Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.