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National Grid to invest $1.75B for 35% stake in U.S. AI power company (NGG:NYSE)

Power lines and sunset landscape

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National Grid (NGG) said Wednesday it agreed to invest $1.75B for a 35% stake in Joulent, a U.S. ​energy ​platform developing power ‌infrastructure ⁠for data centers.

The deal, which values privately-held Joulent at $5B, will allow National Grid (NGG

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