Joulent
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Founders
About
Joulent is a Houston-based technology-driven energy company developing multi-gigawatt firm, baseload power infrastructure engineered for AI data centers and other compute-intensive workloads 123. The company was founded and is led by Chris James, and formalized a 50% ownership interest in its first project, Kilby, which will deliver approximately 2.67 gigawatts of generation capacity to a Microsoft-operated data center campus under a 20-year power purchase agreement 123.
Disclaimer: This is a lean profile built from initial round coverage and may be expanded as more information becomes available.
Funding History
| Date | Round | Amount | Lead | Co-investors |
|---|---|---|---|---|
| 2026-07-01 | Strategic minority | USD 1.75B | National Grid Ventures | GE Vernova, Chevron (via Energy Forge) 123 |
National Grid Ventures acquired an approximately 35% stake in Joulent through the strategic minority investment, valuing the company at approximately USD 5B 23.
What Investors Say
“Our investment in Joulent is a disciplined, partner-led investment in contracted critical infrastructure for the AI-driven large load economy.” — John Pettigrew, CEO, National Grid, quoted in the July 1, 2026 announcement 12
What Founders Say
“American innovation is moving faster than the power infrastructure built to support it. Joulent was created to close that gap.” — Chris James, Founder & CEO, Joulent, quoted in the July 1, 2026 announcement 12
Sources
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BusinessWire, “Joulent Secures USD 1.75B Strategic Investment from National Grid to Accelerate Growth as Technology-Driven Energy Company Powering American Innovation,” July 1, 2026. Accessed July 2026. https://www.businesswire.com/news/home/20260701013471/en/Joulent-Secures-$1.75B-Strategic-Investment-from-National-Grid-to-Accelerate-Growth-as-Technology-Driven-Energy-Company-Powering-American-Innovation↩↩↩↩↩
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Yahoo Finance (syndicated), “Joulent Secures USD 1.75B Strategic Investment from National Grid,” July 1, 2026. Accessed July 2026. https://finance.yahoo.com/energy/articles/joulent-secures-1-75b-strategic-110000357.html↩↩↩↩↩↩
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citybiz, “National Grid Ventures Invests USD 1.75 Billion in Joulent to Expand U.S. AI Data Center Power Infrastructure,” July 1, 2026. Accessed July 2026. https://www.citybiz.co/article/868340/national-grid-ventures-invests-1-75-billion-in-joulent-to-expand-u-s-ai-data-center-power-infrastructure/↩↩↩↩