VoltaGrid LLC (“VoltaGrid” or the “Company”) today announced the closing of an equity raise of $100 million USD ($127.2 million CAD) that includes strategic, follow-on investments from Canada Pension Plan Investment Board (“CPP Investments”), Longbow Capital, Pilot Company, and Walter Ventures.
VoltaGrid was founded in 2020 by a seasoned energy-service team to provide innovative electric power solutions that increase reliability and reduce emissions for pressure pumping, remote mining, utility and distributed generation applications. The Company’s proven platform continues to make a meaningful contribution to decarbonization while providing turnkey micro-grids that consist of high-efficiency natural gas engines, large scale portable energy storage, natural gas processing solutions and grid power connectivity.
“We continue to be excited about partnering with these leading ESG-focused capital providers while executing our mandate across multiple sectors,” said Nathan Ough, VoltaGrid’s Chief Executive Officer. “By capitalizing on our proven technology, we will continue to provide pressure pumping companies a more efficient electrification solution to deliver improved ESG performance for operators.”