Simpson Thacher represented funds managed by Blackstone Tactical Opportunities (“Blackstone”) in connection with a combined $1 billion strategic equity investment in VoltaGrid from Blackstone and Halliburton Company. The investment is composed of a $775 million primary capital raise and a $225 million secondary purchase from existing investors. Both transactions are subject to customary closing conditions and are expected to close in mid-2026.
VoltaGrid is an advanced energy management and generation company delivering firm, off-grid power solutions for some of the world’s most demanding applications. Founded in 2020 and headquartered in Houston, Texas, VoltaGrid provides behind-the-meter generation, portable power, CNG fuel supply, infrastructure, and energy management services to data centers, AI infrastructure, utilities, and industrial customers across North America and beyond.
The Simpson Thacher team was led by Anthony Vernace, Erica Egenes and Javad Asghari, members of the Firm’s market-leading Digital Infrastructure and Data Center group, and also included: Jack Larkin and Celine Tseng (M&A); Adam Coulson and Sarah Watling (Energy and Infrastructure); Jonathan Goldstein, Sophie Staples and Joana Li (Tax); Jonathan Ozner, Jieun Lim and Louise Choi (Capital Markets); Brian Gluck and Mateo Garnica (Credit); Gregory Grogan and Matias Botto (Executive Compensation and Employee Benefits); Caroline Geiger, Anthony Tran, Tally Smitas and Isabella Gonzalez (Intellectual Property and Privacy); Toby Chun and Logan Lineberry (Environmental); Leah Malone, Carina Mitchell and Taylor Cowan (ESG); and Krista McManus and Dennis Loiacono (Real Estate).