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Propell Energy Technology Acquired by Blackstone | Energy M&A Deal

Announced
EnergyTexasPlatform

Deal Summary

Blackstone-backed VoltaGrid raised $1.0B and agreed to acquire Propell to expand behind-the-meter power generation for AI data centers.

Key Details

Transaction
Blackstone acquires Propell Energy Technology
Deal Size
Over $100M
Reported Value
$1 Billion

Source

Read full article on globenewswire.com

via GN - signed definitive agreement · May 11, 2026

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