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Voltagrid Closes Usd $100 Million Equity Raise

Voltagrid Closes Usd $100 Million Equity Raise

12/20/21, 10:49 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svghouston
Money raised
$100 million
VoltaGrid LLC (“VoltaGrid” or the “Company”) today announced the closing of an equity raise of $100 million USD ($127.2 million CAD) that includes strategic, follow-on investments from Canada Pension Plan Investment Board (“CPP Investments”), Longbow Capital, Pilot Company, and Walter Ventures.

Company Info

Company
Volta Grid
Location
houston, texas, united states
Additional Info
“By capitalizing on our proven technology, we will continue to provide pressure pumping companies a more efficient electrification solution to deliver improved ESG performance for operators.” “Longbow continues to be a long-term supporter of the VoltaGrid team and the work that the company has completed to engineer, develop and execute their next generation low carbon, industrial scale, remote power generation strategy. The company continues to foster long term partnerships with key organizations that are focused on reducing their carbon footprint and future capital requirements. VoltaGrid was founded in 2020 by a seasoned energy-service team to provide innovative electric power solutions that increase reliability and reduce emissions for pressure pumping, remote mining, utility and distributed generation applications. Pilot Company Vice President of Business Development and Strategy John Tully said, “VoltaGrid is a partner to Pilot that aligns with our efforts to serve the energy, fuel and trucking industries. VoltaGrid is an advanced energy management and generation company that has developed an innovative platform to provide power, energy storage and emissions reductions for the pressure pumping, remote mining, utility, and distributed generation industries.