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National Grid Ventures, the commercial arm of National Grid plc, has agreed to invest $1.75 billion for a 35% stake in Joulent LLC.
The deal creates a broad strategic partnership aimed at developing contracted power and electrical infrastructure solutions for U.S.
data centers and artificial intelligence — and the language of the announcement is precise: the goal is to accelerate those solutions, not merely plan them.
What Contracted Power Means — and Why It Matters Contracted power is distinct from buying electricity at prevailing market rates.
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