JP Morgan Helps “Behind the Meter” Gas-Fired Power Co. Raise $5B

J.P. Morgan recently facilitated a $5 billion financing package for VoltaGrid, a U.S. energy company specializing in advanced natural gas and behind-the-meter microgrid solutions (think small gas-fired power generators). This funding, comprising $2 billion in senior secured notes and a $3 billion asset-based loan, supports VoltaGrid’s goal to deploy 4 gigawatts of power by 2028. These decentralized energy systems address surging electricity demands from AI and data centers by providing resilient, on-site generation that reduces grid strain. And yes, there is a connection to the Marcellus/Utica region.

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