VoltaGrid, a Houston-based power generation startup, has received a $1 billion investment from Blackstone Tactical Opportunities and Halliburton, elevating its valuation to over $10 billion. The investment includes $775 million in primary capital for expanding VoltaGrid's behind-the-meter power solutions and $225 million in secondary purchases from existing investors. The funds will also support VoltaGrid's acquisition of Propell Energy Technology Ltd., enhancing its supply chain capabilities. The strategic investment highlights the growing demand for distributed energy systems, driven by increasing power needs from AI and data centers. VoltaGrid's technology offers modular power generation directly at consumption points, bypassing traditional grid limitations. The transaction, announced on May 11, 2026, is expected to close by mid-2026, positioning VoltaGrid for significant growth in the energy infrastructure sector.