VoltaGrid, a startup that offers tech companies a shortcut to the energy needed to run AI systems, is exploring ways to raise billions of dollars to sustain its growth, Bloomberg’s Dawn Lim, Brody Ford, and Ryan Gould report. The maker of gas-powered microgrids for rapid data-center deployments is weighing an initial public offering and also has engaged with private equity firms about a potential sale, according to people familiar with the matter. Blackstone (BX), and BlackRock (BLK) are among firms that have discussed buying or investing in VoltaGrid, said the people. A potential deal could value the company at more than $10B, one of the people said.
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