National Grid Ventures (NGV) acquired a 35% stake in Joulent for $1.75 billion to support the development of Project...
National Grid Ventures (NGV) acquired a 35% stake in Joulent for $1.75 billion to support the development of Project Kilby, a 2.67GW natural gas plant in Texas that will power Microsoft's planned 2GW data center under a 20-year PPA.
confidence score
Strong evidence: 6 independent source classes support this read.
MSFT has not made a large direction-matching 30-90 day move yet.
signal brief
National Grid Ventures (NGV) acquired a 35% stake in Joulent for $1.75 billion to support the development of Project Kilby, a 2.67GW natural gas plant in Texas that will power Microsoft's planned 2GW data center under a 20-year PPA. This secures dedicated power for Microsoft's AI infrastructure, accelerating data center buildout timelines. The investment includes operational expertise from NGV, strengthening Microsoft's power supply chain. The first power delivery is expected in 2028. This move highlights hyperscaler demand for reliable power, benefiting chip suppliers like NVDA and competitors AMZN and GOOGL who face similar power constraints.
What the sources said:
- National Grid Ventures invests $1.75bn in Joulent for construction of gas plant powering 2GW Microsoft data center in Texas — DCD
- "This investment from National Grid Ventures strengthens Joulent's ability to deliver reliable, large-scale power on the timelines AI infrastructure and advanced industry now require." — Chris James, CEO of Joulent
- The plant will serve Microsoft under a 20-year PPA signed last month, with first power in 2028.
source data used
“CVE: CVE-2026-45659 Vendor/project: Microsoft Product: SharePoint Server Known ransomware campaign use: Unknown Due date: 2026-07-04 CWE: CWE-502 Microsoft SharePoint Server contains a deserialization of untrusted data vulnerability which allows an authorized attacker to execute code over...”
“The National Grid’s commercial arm, National Grid Ventures (NGV), has acquired a 35 percent stake in Joulent to support the company's development of power and electrical infrastructure solutions for large data centers. NGV acquired the stake...”
“DR Congo plans to launch its first stock exchange, its finance minister told Bloomberg. Kinshasa hopes the bourse, which will list securities in both the local currency and the US dollar, will tap into global interest...”
“assets: 619003000000 (10-Q filed 2026-04-29) common_stock_capital: 109095000000 (10-Q filed 2026-04-29) liabilities: 275524000000 (10-Q filed 2026-04-29) net_income: 74599000000 (10-Q filed 2026-04-29) revenue: 205283000000 (10-Q filed 2026-04-29)”
“Score: 1 | Answers: 0 | Views: 98 Tags: git, azure, azure-devops, powerapps, azure-pipelines-yaml Obstacles (and our workflow decisions) while using Azure DevOps to manage branches and perform code reviews on Microsoft PowerApps”
“Manifold consensus on 'Will Microsoft power its data center with SMR(Small Modular Reactor) by 2030?': YES=36.36%”
“Manifold consensus on 'Will MSFT acquire/merge with OpenAI by the end of 2027?': YES=20.00%”
“Manifold consensus on 'In 2024, will OpenAI/Microsoft confirm plans to build a supercomputer like the rumored $100 billion "Stargate"?': YES=4.57%”
spillover entities
Decision support, not stock advice. This signal is research with cited evidence — not a recommendation to buy, sell, or hold any security.