National Grid Invests $1.75 Billion in U.S. AI Power Infrastructure

M&A · PartnershipIndustry Impact 4
โดย Barchart·Read original
Summary · why it matters

National Grid announced a $1.75 billion investment in Joulent, a U.S. artificial intelligence power infrastructure company, to support a 2.67 gigawatt project in Texas. The project, a joint venture with Chevron, will supply power to Microsoft under a long-term contract and benefits from proximity to cheap natural gas in the Permian Basin. The deal is part of National Grid's broader $70 billion expansion plans, though the market reacted cautiously, with shares initially volatile. Analysts have a consensus price target of $88.88, implying about 7% upside from current levels, while the stock trades at nearly 14 times forward earnings with a PEG ratio of 1.15.

Impact on stocks 3

Energy Transition & Power Demand▲ · 1 stocks
National Grid PLC
NG
▲ PositiveCapitalrelevance

National Grid is the investor, committing $1.75 billion to a major AI power infrastructure project as part of its expansion plans.

Artificial Intelligence▲ · 1 stocks
Microsoft Corporation
MSFT
▲ PositiveDemandrelevance

Microsoft is the end customer under a long-term power supply contract, securing energy for its AI operations.

Energy▲ · 1 stocks
Chevron Corp
CVX
▲ PositiveDemandrelevance

Chevron is a joint venture partner in the project, benefiting from demand for natural gas to power AI infrastructure.

Theme Impact 3

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