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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Amid rising U.S. energy demand and infrastructure expansion, National Grid announced a $1.75 billion investment to acquire a 35% stake in Joulent, which develops contracted power generation and high-voltage infrastructure for U.S. customers, according to a report from The Wall Street Journal.
The deal comes as European utilities increasingly target U.S. energy assets to capitalize on growing electricity needs from data centers and industrial users. National Grid's move underscores its strategy to serve large-scale customers requiring reliable power and grid connections.
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Sign InNational Grid shares (NGG) closed at $82.87 on June 30, 2026, per market data. Investors will watch for regulatory approvals and any impact on the company's earnings outlook, with the next quarterly report expected in the coming months.